Micron Technology
MU
#111
Rank
$135.28 B
Marketcap
$122.01
Share price
-4.30%
Change (1 day)
87.25%
Change (1 year)

P/E ratio for Micron Technology (MU)

P/E ratio as of July 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 -23.8745. 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
20228.99-36.6%
202114.2-49.08%
202027.863.61%
201917.0586.55%
20182.48-59.07%
20176.06-108.01%
2016-75.6-1151.59%
20157.19-28.76%
201410.1-18.82%
201312.4-307.8%
2012-5.98-81.93%
2011-33.1-921.44%
20104.03-145.8%
2009-8.80790%
2008-0.9888-87.59%
2007-7.97-136.53%
200621.8-72.94%
200580.6224.27%
200424.9-393.47%
2003-8.4738.3%
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
-85.9 259.59%๐Ÿ‡บ๐Ÿ‡ธ USA
8.81-136.89%๐Ÿ‡จ๐Ÿ‡ญ Switzerland
14.5-160.75%๐Ÿ‡บ๐Ÿ‡ธ USA
24.4-202.03%๐Ÿ‡บ๐Ÿ‡ธ USA
-10.1-57.86%๐Ÿ‡บ๐Ÿ‡ธ USA

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.