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Micron TechnologyMU -8.85%80 EV-to-OCF is 17.64 as of Jul. 29, 2026, which is 136% above its 10-year median of 7.48. GuruFocus rates MU with a GF Score™ of 80/100 and a GF Value™ of $542.49 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,029 Semiconductors companies, Micron Technology ranks worse than 55.1% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Micron Technology's Enterprise Value is $907,055 Mil.
Micron Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was $51,432 Mil. Therefore, Micron Technology's EV-to-OCF for today is 17.64.
The historical rank and industry rank for Micron Technology's EV-to-OCF or its related term are showing as below:
MU'
s EV-to-OCF Range Over the Past 10 Years
Min: 1.89 Med: 7.48 Max: 57.31
Current: 17.64
During the past 13 years, the highest EV-to-OCF of Micron Technology was 57.31. The lowest was 1.89. And the median was 7.48.
MU's EV-to-OCF is ranked worse than 55.1% of 1029
companies
in the Semiconductors industry
Industry Median: 14.38
vs MU: 17.64
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Micron Technology's PE Ratio (TTM) for today is calculated as:
Micron Technology's share price for today is $820.53.
Micron Technology's Earnings per Share (Diluted) 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 $44.170.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Micron Technology EV-to-OCF Related Terms
Micron Technology EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Micron Technology's EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micron Technology's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Micron Technology's EV-to-OCF falls into.
Micron Technology's current Enterprise Value is $907,055 Mil.
Micron Technology's Cash Flow from Operations 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 $51,432 Mil.
* 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.
Micron Technology (MU) has a EV-to-OCF of 17.64 as of Jul. 29, 2026. This is 136% above median its historical median of 7.48. Over the past decade, Micron Technology's EV-to-OCF has ranged from 1.89 to 57.31. According to the industry distribution chart, Micron Technology ranks #567 out of 1029 companies in the Semiconductors industry, placing it in the top 55.1%.
Is Micron Technology's EV-to-OCF too high?
Micron Technology's current EV-to-OCF of 17.64 is 136% above median its 10-year median of 7.48. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 57.31. The Semiconductors industry median EV-to-OCF is 14.38. Micron Technology's value of 17.64 is 22.7% above this industry median. Based on the distribution chart, Micron Technology ranks #567 out of 1029 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Micron Technology has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micron Technology's EV-to-OCF compare to AMD and INTC?
According to the Semiconductors industry distribution chart, Micron Technology ranks #567 out of 1029 companies for EV-to-OCF. This places Micron Technology in the lower half of its industry. The industry median EV-to-OCF is 14.38. Micron Technology's value of 17.64 is 22.7% above this benchmark. Historically, Micron Technology's own EV-to-OCF has ranged from 1.89 to 57.31 over the past decade. While the company's 10-year median is 7.48 vs. the industry median of 14.38, 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 EV-to-OCF for a Semiconductors company?
The median EV-to-OCF among Semiconductors companies is 14.38, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Micron Technology's current EV-to-OCF of 17.64 is 22.7% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median EV-to-OCF is 14.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micron Technology's current EV-to-OCF is 17.64, which is 136% above median its own 10-year median of 7.48. 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 (MU) is currently considered Significantly Overvalued. The stock's GF Value™ is $542.49, compared to a current price of $820.53 — trading 51.3% above its estimated fair value. The current EV-to-OCF is 17.64, which is 136% above median its 10-year median of 7.48 and 22.7% above the Semiconductors industry median of 14.38. Micron Technology's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Micron Technology (MU), the current EV-to-OCF is 17.64 as of Jul. 29, 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 (MU) Overvalued in 2026?
Based on GuruFocus' analysis, Micron Technology stock appears to be overvalued.
The current stock price of $820.53 is trading 51.3% above its estimated GF Value™ of $542.49.
GuruFocus considers Micron Technology to be Significantly Overvalued.
Key valuation signals for MU:
EV-to-OCF: 17.64 (136% above median its 10-year median of 7.48)
GF Value™: $542.49 vs. price of $820.53 (51.3% above fair value)
Industry Position: 22.7% above the Semiconductors median (#567 of 1029)
No single metric tells the full story. See the 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.
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