Micron Technology, Inc.

BIT:1MU Stock Report

Market Cap: €106.2b

Micron Technology Valuation

Is 1MU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1MU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€66.58
Fair Value
45.7% overvalued intrinsic discount
33
Number of Analysts

Below Fair Value: 1MU (€97.01) is trading above our estimate of fair value (€66.58)

Significantly Below Fair Value: 1MU is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1MU?

Key metric: As 1MU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1MU. This is calculated by dividing 1MU's market cap by their current earnings.
What is 1MU's PE Ratio?
PE Ratio26.5x
EarningsUS$4.67b
Market CapUS$121.32b

Price to Earnings Ratio vs Peers

How does 1MU's PE Ratio compare to its peers?

The above table shows the PE ratio for 1MU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.1x
ADI Analog Devices
61.7x23.08%US$110.3b
QCOM QUALCOMM
15.3x2.21%US$162.3b
TXN Texas Instruments
37.3x12.81%US$174.8b
A000660 SK hynix
6.1x6.54%₩158.1t
1MU Micron Technology
26.5x26.76%€121.3b

Price-To-Earnings vs Peers: 1MU is good value based on its Price-To-Earnings Ratio (26.5x) compared to the peer average (30.1x).

Price to Earnings Ratio vs Industry

How does 1MU's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1MU 26.5xIndustry Avg. 22.0xNo. of Companies4PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1MU is expensive based on its Price-To-Earnings Ratio (26.5x) compared to the European Semiconductor industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is 1MU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1MU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.5x
Fair PE Ratio86.1x

Price-To-Earnings vs Fair Ratio: 1MU is good value based on its Price-To-Earnings Ratio (26.5x) compared to the estimated Fair Price-To-Earnings Ratio (86.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1MU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€97.01
€109.15
+12.51%
18.67%€150.57€52.52n/a33
Jun ’26€83.28
€108.08
+29.78%
19.50%€151.08€52.70n/a33
May ’26€66.77
€109.17
+63.50%
19.04%€151.70€52.92n/a33
Apr ’26€81.99
€119.30
+45.51%
17.70%€184.86€69.32n/a34
Mar ’26€89.96
€124.31
+38.19%
22.54%€238.88€66.89n/a33
Feb ’26€90.00
€125.18
+39.09%
22.46%€240.10€67.23n/a33
Jan ’26€83.08
€126.35
+52.08%
22.24%€239.78€67.14n/a33
Dec ’25€92.58
€139.03
+50.17%
20.15%€238.20€66.70n/a33
Nov ’25€92.63
€135.32
+46.08%
20.15%€231.60€64.85n/a33
Oct ’25€90.44
€130.85
+44.68%
20.28%€223.90€62.69n/a32
Sep ’25€86.55
€143.29
+65.56%
13.63%€201.17€98.35n/a31
Aug ’25€95.91
€149.75
+56.14%
13.00%€206.30€100.86n/a31
Jul ’25€121.94
€147.48
+20.94%
16.92%€210.04€84.02n/a33
Jun ’25€112.88
€123.62
+9.51%
19.01%€207.41€73.74€83.2834
May ’25€108.34
€117.71
+8.64%
19.78%€207.25€73.69€66.7734
Apr ’25€109.40
€118.15
+8.00%
19.50%€209.48€74.48€81.9934
Mar ’25€88.12
€89.31
+1.35%
13.18%€129.53€64.76€89.9634
Feb ’25€78.10
€88.40
+13.19%
13.10%€128.65€64.32€90.0034
Jan ’25€77.08
€84.02
+9.01%
14.90%€126.78€59.14€83.0835
Dec ’24€69.58
€75.84
+8.99%
9.68%€91.88€60.00€92.5835
Nov ’24€65.46
€75.19
+14.86%
11.68%€94.30€55.17€92.6335
Oct ’24€64.54
€75.42
+16.86%
11.75%€94.68€55.39€90.4435
Sep ’24€64.92
€69.80
+7.51%
12.82%€90.87€41.80€86.5534
Aug ’24€64.56
€68.36
+5.89%
12.82%€89.28€41.07€95.9134
Jul ’24€57.94
€70.20
+21.17%
13.09%€91.64€42.15€121.9432
Jun ’24€63.82
€66.13
+3.62%
16.78%€93.22€41.95€112.8831
AnalystConsensusTarget
Consensus Narrative from 33 Analysts
€109.02
Fair Value
11.0% undervalued intrinsic discount
33
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/09 09:26
End of Day Share Price 2025/06/09 00:00
Earnings2025/02/27
Annual Earnings2024/08/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Micron Technology, Inc. is covered by 80 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Warren LauAletheia Analyst Network Limited
Brett SimpsonArete Research Services LLP
Nam Hyung KimArete Research Services LLP