Micron Technology, Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Micron Technology, Inc. (MU), the latest P/E of 21.3 frames valuation, while ROE 70.55% and ROIC 44.01% indicates profitability and capital efficiency. Together with the current ratio of 3.42 and debt-to-equity 0.06, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

MU Historical Per Share Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Revenue per Share$80.03$33.49$22.72$14.22$27.66$24.74$19.31$21.01$24.75$18.66
Net Income per Share$44.74$7.65$0.70$-5.34$7.81$5.23$2.42$5.67$11.51$4.67
Operating Cash Flow per Share$45.60$15.70$7.70$1.43$13.65$11.13$7.48$11.84$14.17$7.49
Free Cash Flow per Share$23.20$1.49$0.11$-5.60$2.80$2.18$0.07$2.99$6.77$2.66
Cash per Share$23.07$9.24$7.34$8.78$8.39$7.71$7.34$7.14$5.54$4.98
Book Value per Share$89.29$48.53$40.84$40.37$44.88$39.23$35.13$33.01$27.01$17.88
Tangible Book Value per Share$87.86$47.10$39.43$38.94$43.40$37.82$33.72$31.60$25.74$16.40
Interest Debt per Share$5.86$14.12$13.18$13.10$6.93$6.66$6.64$5.37$4.06$10.80
CAPEX per Share$22.39$14.21$7.59$7.02$10.85$8.96$7.41$8.85$7.40$4.82

MU Historical Valuation Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Price to Earnings (P/E)21.3415.94135.74-13.117.3414.1419.147.884.586.84
Price to Book (P/B)10.712.512.341.731.281.891.321.392.011.87
Price to Sales (P/S)11.963.644.214.922.072.992.42.132.131.71
Enterprise Value to EBITDA15.537.6712.59373.766.375.853.783.24.2
EV to Sales11.753.794.485.262.052.972.382.072.072.01
EV to Operating Cash Flow20.638.0913.2352.474.156.616.143.673.625.01
EV to Free Cash Flow40.5585930.34-13.3720.2333.79614.214.547.5714.09
Enterprise Value$1061.17B$141.79B$112.57B$81.80B$62.98B$82.39B$50.98B$48.46B$62.93B$40.86B

MU Historical Profitability Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Return on Equity (ROE)70.55%15.76%1.72%-13.22%17.41%13.34%6.89%17.59%43.77%27.33%
Return on Invested Capital (ROIC)44.01%12.12%1.36%-9.91%14.96%11.20%5.75%15.18%38.51%18.36%
Return on Tangible Assets38.09%10.52%1.15%-9.30%13.44%10.23%5.16%13.34%33.80%15.09%
Earnings Yield4.68%6.27%0.74%-7.63%13.63%7.07%5.22%12.69%21.82%14.62%
Free Cash Flow Yield2.42%1.23%0.11%-8.00%4.89%2.94%0.16%6.70%12.83%8.33%
Dividend Yield0.06%0.38%0.49%0.66%0.72%0.00%0.00%0.00%0.00%0.00%

MU Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202520242023202220212020201920182017
Current Ratio3.422.522.644.462.893.12.712.582.792.34
Interest Coverage258.0120.692.32-14.8151.3334.3315.4857.6243.849.76
Income Quality1.022.0510.93-0.271.752.133.062.071.231.6
Debt to Equity0.060.280.310.320.150.170.180.160.140.6
Debt to Assets4.75%18.45%20.18%21.68%11.34%12.37%13.37%11.97%10.69%31.57%
Net Debt to EBITDA-0.270.30.782.42-0.04-0.04-0.05-0.1-0.090.62

MU Historical Efficiency Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Receivables Turnover2.914.033.86.3665.225.487.335.555.41
Payables Turnover6.797.197.159.837.879.916.797.587.398.92
Inventory Turnover2.892.692.22.022.533.852.652.483.483.81
Days Sales Outstanding125.4490.4796.1557.3860.8869.9766.6149.8265.7967.51
Days Payables Outstanding53.7950.851.0337.1346.3736.8353.7348.1849.4140.93
Days of Inventory on Hand126.28135.51166.14180.54144.2594.77137.51147.05104.9795.9

MU Historical Market Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Enterprise Value to EBITDA15.537.6712.59373.766.375.853.783.24.2
Market Cap$1079.79B$136.15B$105.60B$76.44B$63.73B$82.87B$51.43B$49.76B$64.79B$34.82B
Enterprise Value$1061.17B$141.79B$112.57B$81.80B$62.98B$82.39B$50.98B$48.46B$62.93B$40.86B
Dividend Yield0.06%0.38%0.49%0.66%0.72%0.00%0.00%0.00%0.00%0.00%
Payout Ratio1.12%6.11%65.94%-8.64%5.31%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

How does Micron Technology, Inc.’s P/E ratio compare with its history?

On this page, MU's current P/E is 21.3, compared with a multi-year average around 25.9. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Micron Technology, Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $1.08T. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Micron Technology, Inc.’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Micron Technology, Inc.'s own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Micron Technology, Inc. compare to its competitors in key financial ratios?

The fastest way to compare Micron Technology, Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Micron Technology, Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Micron Technology, Inc.'s liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Micron Technology, Inc. is financially strong. Current ratio is about 3.42, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 258.01, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.06, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Micron Technology, Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Micron Technology, Inc. is sustaining strong returns (for example ROE at 70.55% and ROIC at 44.01%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.