MU P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
MU's p/e ratio is higher than 82% of the last 10 years.
P/E ratio History
MU P/E ratio by year
Yearly range of MU’s p/e ratio from 2016 to 2026. Over the full period it ranged from -108.1 to 166.8, averaging 10.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 15.2 | 25.9 | 43.8 | 23.0 |
| 2025 | 15.5 | 23.3 | 33.4 | 27.1 |
| 2024 | -108.1 | 8.4 | 166.8 | 24.3 |
| 2023 | -26.6 | 2.2 | 53.2 | -13.6 |
| 2022 | 6.1 | 8.9 | 15.0 | 9.1 |
| 2021 | 12.6 | 22.9 | 35.8 | 14.4 |
| 2020 | 16.9 | 22.7 | 29.2 | 28.4 |
| 2019 | 2.6 | 6.2 | 18.0 | 17.5 |
| 2018 | 2.4 | 5.3 | 7.7 | 2.6 |
| 2017 | -81.7 | 6.6 | 54.9 | 6.5 |
| 2016 | -76.7 | -65.6 | -60.7 | -72.2 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is MU P/E ratio High or Low Right Now?
Micron Technology, Inc.'s P/E ratio is currently 23.0, which is historically pricey relative to its 10-year historical range. The 10-year median P/E ratio for MU is approximately 11.9. See all MU valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.