Micron Technology forward PE MU

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 5.0×
10-year median: 9.5×
Against its 10-year history: 29th; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.4× to 241×
Peer median: 25.2×

Micron Technology's forward PE is 5.0× as of Oct 23, 2026.

That is below its ten-year median of 9.5×, lower than on 71% of days in the last ten years.

Over that time it ranged from 2.4× in Sep 2025 to 241× in Dec 2023.

The median for 10 semiconductor stocks of a similar size is 25.2×.

Forward PE over time

median 9.5×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	5.0×	2.7×	8.5×
2025	2.8×	2.4×	10.7×
2024	9.0×	9.0×	31.4×
2023	27.5×	27.5×	241×
2022	18.7×	12.6×	24.4×
2021	16.1×	7.9×	16.4×
2020	13.2×	8.2×	21.0×
2019	19.4×	9.6×	24.0×
2018	9.3×	3.4×	9.3×
2017	3.4×	2.9×	4.5×
2016	3.7×	3.7×	14.5×
2015	49.7×	14.8×	67.1×
2014	14.9×	7.2×	15.5×
2013	8.6×	6.5×	19.1×
2012	12.5×	12.5×	12.9×
2011	105×	90.2×	122×
2010	83.6×	6.1×	83.6×
2009	7.6×	5.7×	7.6×
2008	n/m a value too high to mean anything
2007	n/m a value too high to mean anything

Against its peers

Companies in Semiconductors nearest Micron Technology's size, closest first, today.

Company	Forward PE
MUMicron Technology	5.0×
AMDAdvanced Micro Devices	45.7×
AVGOBroadcom	18.6×
INTCIntel	50.0×
AMATApplied Materials	21.3×
LRCXLam Research	22.6×
TXNTexas Instruments	27.0×
MRVLMarvell Technology	40.3×
NVDANVIDIA	17.5×
KLACKLA	26.2×
ADIAnalog Devices	24.1×
Peer median	25.2×

Where Micron Technology ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Micron Technology

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.