P/E ratio for Micron Technology (MU)
P/E ratio as of May 2024 (TTM): -23.9
According to Micron Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -23.9494. At the end of 2022 the company had a P/E ratio of 8.99.
P/E ratio history for Micron Technology from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.99 | -36.6% |
| 2021 | 14.2 | -49.08% |
| 2020 | 27.8 | 63.61% |
| 2019 | 17.0 | 586.55% |
| 2018 | 2.48 | -59.07% |
| 2017 | 6.06 | -108.01% |
| 2016 | -75.6 | -1151.59% |
| 2015 | 7.19 | -28.76% |
| 2014 | 10.1 | -18.82% |
| 2013 | 12.4 | -307.8% |
| 2012 | -5.98 | -81.93% |
| 2011 | -33.1 | -921.44% |
| 2010 | 4.03 | -145.8% |
| 2009 | -8.80 | 790% |
| 2008 | -0.9888 | -87.59% |
| 2007 | -7.97 | -136.53% |
| 2006 | 21.8 | -72.94% |
| 2005 | 80.6 | 224.27% |
| 2004 | 24.9 | -393.47% |
| 2003 | -8.47 | 38.3% |
| 2002 | -6.13 | -58.7% |
| 2001 | -14.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Intel INTC | -80.1 | 234.35% | 🇺🇸 USA |
 Western Digital WDC | -9.67 | -59.61% | 🇺🇸 USA |
 Rambus RMBS | 21.6 | -190.27% | 🇺🇸 USA |
 Photronics PLAB | 14.8 | -161.90% | 🇺🇸 USA |
 STMicroelectronics STM | 8.65 | -136.10% | 🇨🇭 Switzerland |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.