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Micron Technology (MIL:1MU) E10 : €4.28 (As of Feb. 2025)


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What is Micron Technology E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Micron Technology's adjusted earnings per share data for the three months ended in Feb. 2025 was €1.354. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.28 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Micron Technology's average E10 Growth Rate was 1.20% per year. During the past 3 years, the average E10 Growth Rate was 5.00% per year. During the past 5 years, the average E10 Growth Rate was 9.80% per year. During the past 10 years, the average E10 Growth Rate was 61.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Micron Technology was 215.80% per year. The lowest was -78.90% per year. And the median was 5.60% per year.

As of today (2025-03-24), Micron Technology's current stock price is €87.72. Micron Technology's E10 for the quarter that ended in Feb. 2025 was €4.28. Micron Technology's Shiller PE Ratio of today is 20.50.

During the past 13 years, the highest Shiller PE Ratio of Micron Technology was 362.38. The lowest was 10.16. And the median was 22.85.


Micron Technology E10 Historical Data

The historical data trend for Micron Technology's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Micron Technology E10 Chart

Micron Technology Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.48 3.09 4.82 4.06 3.80

Micron Technology Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.91 3.86 3.80 4.05 4.28

Competitive Comparison of Micron Technology's E10

For the Semiconductors subindustry, Micron Technology's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Micron Technology's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micron Technology's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Micron Technology's Shiller PE Ratio falls into.



Micron Technology E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Micron Technology's adjusted earnings per share data for the three months ended in Feb. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=1.354/134.6241*134.6241
=1.354

Current CPI (Feb. 2025) = 134.6241.

Micron Technology Quarterly Data

per share eps CPI Adj_EPS
201505 0.376 100.333 0.505
201508 0.377 100.548 0.505
201511 0.177 100.135 0.238
201602 -0.081 100.040 -0.109
201605 -0.186 101.355 -0.247
201608 -0.143 101.617 -0.189
201611 0.148 101.829 0.196
201702 0.723 102.779 0.947
201705 1.267 103.256 1.652
201708 1.686 103.587 2.191
201711 1.866 104.072 2.414
201802 2.163 105.052 2.772
201805 2.623 106.148 3.327
201808 3.083 106.383 3.901
201811 2.473 106.338 3.131
201902 1.251 106.649 1.579
201905 0.662 108.048 0.825
201908 0.441 108.245 0.548
201911 0.389 108.519 0.483
202002 0.330 109.139 0.407
202005 0.651 108.175 0.810
202008 0.735 109.662 0.902
202011 0.601 109.793 0.737
202102 0.438 110.968 0.531
202105 1.251 113.576 1.483
202108 2.032 115.421 2.370
202111 1.787 117.269 2.051
202202 1.762 119.703 1.982
202205 2.214 123.323 2.417
202208 1.332 124.958 1.435
202211 -0.177 125.607 -0.190
202302 -1.980 126.928 -2.100
202305 -1.592 128.314 -1.670
202308 -1.201 129.538 -1.248
202311 -1.035 129.548 -1.076
202402 0.658 130.930 0.677
202405 0.277 132.509 0.281
202408 0.717 132.816 0.727
202411 1.573 133.110 1.591
202502 1.354 134.624 1.354

Add all the adjusted EPS together and divide 10 will get our e10.


Micron Technology  (MIL:1MU) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Micron Technology's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=87.72/4.28
=20.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Micron Technology was 362.38. The lowest was 10.16. And the median was 22.85.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Micron Technology E10 Related Terms

Thank you for viewing the detailed overview of Micron Technology's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Micron Technology Business Description

Address
8000 South Federal Way, Post Office Box 6, Boise, ID, USA, 83716-9632
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

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