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Micron TechnologyMEX:MU -9.07%77 Earnings Yield (Joel Greenblatt) % is 5.51% as of May. 2026, which is 4% below its 10-year median of 5.71. GuruFocus rates MEX:MU with a GF Score™ of 77/100 and a GF Value™ of MXN9,289.36 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,022 Semiconductors companies, Micron Technology ranks better than 83.76% on this metric.
Micron Technology's Enterprise Value for the quarter that ended in May. 2026 was MXN18,372,725 Mil.
Micron Technology's EBIT for the trailing twelve months (TTM) ended in May. 2026 was MXN1,038,275 Mil. Micron Technology's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2026 was 5.51%.
The historical rank and industry rank for Micron Technology's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MEX:MU'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.05 Med: 5.71 Max: 44.35
Current: 7.28
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Micron Technology was 44.35%. The lowest was -7.05%. And the median was 5.71%.
MEX:MU's Earnings Yield (Joel Greenblatt) % is ranked better than 83.76% of 1022
companies
in the Semiconductors industry
Industry Median: 1.485
vs MEX:MU: 7.28
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Micron Technology's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 2026 was 18.25%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Micron Technology Earnings Yield (Joel Greenblatt) % Related Terms
Micron Technology Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Micron Technology's Earnings Yield (Joel Greenblatt) % 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.
For the Semiconductors subindustry, Micron Technology's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micron Technology's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Micron Technology's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Micron Technologys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2025 is calculated as
Micron Technology's EBIT for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN1,038,275 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.51% mean?
Micron Technology (MEX:MU) has a Earnings Yield (Joel Greenblatt) % of 5.51% as of May. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Micron Technology and its competitors. This is near median its historical median of 5.71. According to the industry distribution chart, Micron Technology ranks #166 out of 1022 companies in the Semiconductors industry, placing it in the top 16.2%.
Is Micron Technology's Earnings Yield (Joel Greenblatt) % too high?
Micron Technology's current Earnings Yield (Joel Greenblatt) % of 5.51% is near median its 10-year median of 5.71. The Semiconductors industry median Earnings Yield (Joel Greenblatt) % is 1.49. Micron Technology's value of 5.51% is 271% above this industry median. Based on the distribution chart, Micron Technology ranks #166 out of 1022 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Micron Technology has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micron Technology's Earnings Yield (Joel Greenblatt) % compare to AMD and INTC?
According to the Semiconductors industry distribution chart, Micron Technology ranks #166 out of 1022 companies for Earnings Yield (Joel Greenblatt) %. This places Micron Technology in the top 16% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 1.49. Micron Technology's value of 5.51% is 271% above this benchmark. While the company's 10-year median is 5.71 vs. the industry median of 1.49, Micron Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Semiconductors company?
The median Earnings Yield (Joel Greenblatt) % among Semiconductors companies is 1.49, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Micron Technology's current Earnings Yield (Joel Greenblatt) % of 5.51% is 271% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Micron Technology and its competitors. For the Semiconductors industry, the median Earnings Yield (Joel Greenblatt) % is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micron Technology's current Earnings Yield (Joel Greenblatt) % is 5.51%, which is near median its own 10-year median of 5.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micron Technology stock overvalued right now?
Based on GuruFocus' analysis, Micron Technology (MEX:MU) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN9,289.36, compared to a current price of MXN13,003.10 — trading 40% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.51%, which is near median its 10-year median of 5.71 and 271% above the Semiconductors industry median of 1.49. Micron Technology's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Micron Technology (MEX:MU), the current Earnings Yield (Joel Greenblatt) % is 5.51% as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Micron Technology (MEX:MU) Overvalued in 2026?
Based on GuruFocus' analysis, Micron Technology stock appears to be overvalued.
The current stock price of MXN13,003.10 is trading 40% above its estimated GF Value™ of MXN9,289.36.
GuruFocus considers Micron Technology to be Significantly Overvalued.
Key valuation signals for MEX:MU:
Earnings Yield (Joel Greenblatt) %: 5.51% (near median its 10-year median of 5.71)
GF Value™: MXN9,289.36 vs. price of MXN13,003.10 (40% above fair value)
Industry Position: 271% above the Semiconductors median (#166 of 1022)
No single metric tells the full story. See the MEX:MU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
77GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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