Micron Technology (XSWX:MU) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Micron Technology Forward PE Ratio Related Terms
Micron Technology Forward PE Ratio Historical Data
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The historical data trend for Micron Technology's Forward PE Ratio 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.
Micron Technology Forward PE Ratio Chart
Micron Technology Annual Data
Trend
2016-08
2017-08
2018-08
2019-08
2020-08
Forward PE Ratio
23.64
5.27
4.30
12.50
7.65
Micron Technology Quarterly Data
2015-11
2016-02
2016-05
2016-08
2016-11
2017-02
2017-05
2017-08
2017-11
2018-02
2018-05
2018-08
2018-11
2019-02
2019-05
2019-08
2019-11
2020-02
2020-05
2020-08
2020-11
2021-02
2026-02
Forward PE Ratio
12.45
6.17
11.64
23.64
21.60
9.40
6.66
5.27
6.14
4.64
5.77
4.30
3.42
5.47
6.69
12.50
11.53
14.68
7.23
7.65
10.67
9.22
11.97
XSWX:MU vs AMD, INTC, TXN: Forward PE Ratio Comparison
For the Semiconductors subindustry, Micron Technology's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micron Technology's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Micron Technology's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Micron Technology (XSWX:MU) has a Forward PE Ratio of 9.68 as of Jun. 25, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Micron Technology and its competitors. According to the industry distribution chart, Micron Technology ranks #51 out of 546 companies in the Semiconductors industry, placing it in the top 9.3%.
Is Micron Technology's Forward PE Ratio too high?
Micron Technology's current Forward PE Ratio is 9.68. The Semiconductors industry median Forward PE Ratio is 38.26. Micron Technology's value of 9.68 is 74.7% below this industry median. Based on the distribution chart, Micron Technology ranks #51 out of 546 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 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micron Technology's Forward PE Ratio compare to AMD and INTC?
According to the Semiconductors industry distribution chart, Micron Technology ranks #51 out of 546 companies for Forward PE Ratio. This places Micron Technology in the top 9% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 38.26. Micron Technology's value of 9.68 is 74.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 38.26, based on 546 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Micron Technology's current Forward PE Ratio of 9.68 is 74.7% below 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Micron Technology and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 38.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micron Technology's current Forward PE Ratio is 9.68. 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 (XSWX:MU) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF320.31, compared to a current price of CHF851.53 — trading 165.8% above its estimated fair value. The current Forward PE Ratio is 9.68 and 74.7% below the Semiconductors industry median of 38.26. Micron Technology's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Micron Technology (XSWX:MU), the current Forward PE Ratio is 9.68 as of Jun. 25, 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 (XSWX:MU) Overvalued in 2026?
Based on GuruFocus' analysis, Micron Technology stock appears to be overvalued.
The current stock price of CHF851.53 is trading 165.8% above its estimated GF Value™ of CHF320.31.
GuruFocus considers Micron Technology to be Significantly Overvalued.
Key valuation signals for XSWX:MU:
Forward PE Ratio: 9.68
GF Value™: CHF320.31 vs. price of CHF851.53 (165.8% above fair value)
Industry Position: 74.7% below the Semiconductors median (#51 of 546)
No single metric tells the full story. See the XSWX: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.
78GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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