(MU) Micron Technology - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US5951121038

DRAM, NAND, SSD, MCP, HBM

Semiconductor Materials & Equipment
Market Cap in USD: 368,064m

IPO / Inception: 1984-06-01
12m vs SPY: 202%

EPS (Earnings per Share)

EPS CAGR: 23.90%
EPS Trend: 38.0%

Last SUE: 4.00
Qual. Beats: 1

Revenue

Rev. CAGR: 16.13%
Rev. Trend: 57.0%

Last SUE: 4.00
Qual. Beats: 1

Dividends

Dividend Yield	0.33%
Yield on Cost 5y	0.60%
Yield CAGR 5y	23.15%
Payout Consistency	23.3%
Payout Ratio	4.1%

Risk via 5d forecast
Volatility	68.8%
Value at Risk 5%th	108%
Relative Tail Risk	-4.84%

Reward TTM
Sharpe Ratio	2.23
Alpha	201.83
CAGR/Max DD	1.46

Character TTM
Hurst Exponent	0.457
Beta	2.224
Beta Downside	2.718

Drawdowns 3y
Max DD	57.63%
Mean DD	16.39%
Median DD	10.32%

Description: MU Micron Technology December 01, 2025

Micron Technology (NASDAQ: MU) designs, manufactures, and sells a broad portfolio of memory and storage solutions-including DRAM, LPDDR, CXL-based memory, high-bandwidth memory, NAND flash, SSDs, and embedded multichip packages-through four business units: Cloud Memory (CMBU), Core Data Center (CDCBU), Mobile & Client (MCBU), and Automotive & Embedded (AEBU). The company serves data-center, PC, graphics, networking, automotive, industrial, and mobile markets under the Micron and Crucial brands, distributing products via direct sales, distributors, retailers, and online channels.

Key recent metrics: FY 2023 revenue reached $31.5 billion, with DRAM accounting for roughly 55 % of sales and NAND for 40 % (the remainder from specialty embedded products). Micron’s DRAM average selling price (ASP) fell to $5.30 per GB in Q3 2024, reflecting a cyclical inventory correction, while its NAND ASP held near $0.45 per GB due to sustained AI-driven demand for high-capacity storage. The company’s capacity utilization in 2024 is estimated at ≈ 85 % across its fab sites, a level that supports margin expansion if demand rebounds. Macro drivers include the acceleration of AI workloads in hyperscale data centers (boosting demand for high-bandwidth memory), a gradual recovery in smartphone shipments, and tightening semiconductor supply chains that can create short-term pricing power for memory manufacturers.

For a data-driven deep-dive into Micron’s valuation dynamics and scenario analysis, you might find ValueRay’s interactive model a useful next step.

Piotroski VR‑10 (Strict, 0-10) 8.0

Net Income (11.91b TTM) > 0 and > 6% of Revenue (6% = 2.54b TTM)

FCFTA 0.14 (>2.0%) and ΔFCFTA 13.08pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 41.61% (prev 53.20%; Δ -11.59pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.26 (>3.0%) and CFO 22.69b > Net Income 11.91b (YES >=105%, WARN >=100%)

Net Debt (3.68b) to EBITDA (22.44b) ratio: 0.16 <= 3.0 (WARN <= 3.5)

Current Ratio 2.46 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (1.14b) change vs 12m ago 1.43% (target <= -2.0% for YES)

Gross Margin 45.32% (prev 30.92%; Δ 14.40pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 53.75% (prev 40.71%; Δ 13.04pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 32.11 (EBITDA TTM 22.44b / Interest Expense TTM 433.0m) >= 6 (WARN >= 3)

Altman Z'' 6.62

(A) 0.20 = (Total Current Assets 29.66b - Total Current Liabilities 12.06b) / Total Assets 85.97b

(B) 0.62 = Retained Earnings (Balance) 53.34b / Total Assets 85.97b

(D) 1.96 = Book Value of Equity 53.35b / Total Liabilities 27.16b

Total Rating: 6.62 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 80.95

1. Piotroski 8.0pt

2. FCF Yield 3.22%

3. FCF Margin 28.16%

4. Debt/Equity 0.21

5. Debt/Ebitda 0.16

6. ROIC - WACC (= 5.04)%

7. RoE 22.43%

8. Rev. Trend 56.95%

9. EPS Trend 38.03%

What is the price of MU shares?

As of January 12, 2026, the stock is trading at USD 345.09 with a total of 33,332,733 shares traded.
Over the past week, the price has changed by +10.55%, over one month by +33.57%, over three months by +79.09% and over the past year by +264.21%.

Is MU a buy, sell or hold?

Micron Technology has received a consensus analysts rating of 4.49. Therefore, it is recommended to buy MU.

Strong Buy: 25
Buy: 6
Hold: 5
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the MU price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	313.2	-9.2%
Analysts Target Price	313.2	-9.2%
ValueRay Target Price	511.1	48.1%

MU Fundamental Data Overview January 10, 2026

P/E Trailing = 31.056
P/E Forward = 10.661
P/S = 8.6988
P/B = 6.4988
P/EG = 0.5925
Beta = 1.503
Revenue TTM = 42.31b USD
EBIT TTM = 13.90b USD
EBITDA TTM = 22.44b USD
Long Term Debt = 8.84b USD (from longTermDebt, last quarter)
Short Term Debt = 637.0m USD (from shortTermDebt, last quarter)
Debt = 12.49b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.68b USD (from netDebt column, last quarter)
Enterprise Value = 370.24b USD (368.06b + Debt 12.49b - CCE 10.32b)
Interest Coverage Ratio = 32.11 (Ebit TTM 13.90b / Interest Expense TTM 433.0m)
EV/FCF = 31.08x (Enterprise Value 370.24b / FCF TTM 11.91b)
FCF Yield = 3.22% (FCF TTM 11.91b / Enterprise Value 370.24b)
FCF Margin = 28.16% (FCF TTM 11.91b / Revenue TTM 42.31b)
Net Margin = 28.15% (Net Income TTM 11.91b / Revenue TTM 42.31b)
Gross Margin = 45.32% ((Revenue TTM 42.31b - Cost of Revenue TTM 23.14b) / Revenue TTM)
Gross Margin QoQ = 56.09% (prev 44.67%)
Tobins Q-Ratio = 4.31 (Enterprise Value 370.24b / Total Assets 85.97b)
Interest Expense / Debt = 0.59% (Interest Expense 74.0m / Debt 12.49b)
Taxrate = 13.66% (829.0m / 6.07b)
NOPAT = 12.01b (EBIT 13.90b * (1 - 13.66%))
Current Ratio = 2.46 (Total Current Assets 29.66b / Total Current Liabilities 12.06b)
Debt / Equity = 0.21 (Debt 12.49b / totalStockholderEquity, last quarter 58.81b)
Debt / EBITDA = 0.16 (Net Debt 3.68b / EBITDA 22.44b)
Debt / FCF = 0.31 (Net Debt 3.68b / FCF TTM 11.91b)
Total Stockholder Equity = 53.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.13% (Net Income 11.91b / Total Assets 85.97b)
RoE = 22.43% (Net Income TTM 11.91b / Total Stockholder Equity 53.09b)
RoCE = 22.45% (EBIT 13.90b / Capital Employed (Equity 53.09b + L.T.Debt 8.84b))
RoIC = 18.71% (NOPAT 12.01b / Invested Capital 64.18b)
WACC = 13.66% (E(368.06b)/V(380.56b) * Re(14.11%) + D(12.49b)/V(380.56b) * Rd(0.59%) * (1-Tc(0.14)))
Discount Rate = 14.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.71%
[DCF Debug] Terminal Value 49.44% ; FCFF base≈7.37b ; Y1≈4.84b ; Y5≈2.21b
Fair Price DCF = 16.72 (EV 22.50b - Net Debt 3.68b = Equity 18.82b / Shares 1.13b; r=13.66% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 38.03 | EPS CAGR: 23.90% | SUE: 4.0 | # QB: 1
Revenue Correlation: 56.95 | Revenue CAGR: 16.13% | SUE: 4.0 | # QB: 1
EPS next Quarter (2026-02-28): EPS=8.02 | Chg30d=+3.814 | Revisions Net=+20 | Analysts=25
EPS current Year (2026-08-31): EPS=32.30 | Chg30d=+14.713 | Revisions Net=+25 | Growth EPS=+289.6% | Growth Revenue=+98.5%
EPS next Year (2027-08-31): EPS=39.87 | Chg30d=+18.641 | Revisions Net=+18 | Growth EPS=+23.4% | Growth Revenue=+19.0%

Additional Sources for MU Stock

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