This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Micron Technology's Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2024 was USD16.613. Micron Technology's 10-Year median PS Ratio is 2.3464. Therefore, the Median PS Value for today is USD38.98.
As of today (2024-04-23), Micron Technology's share price is USD112.55. Micron Technology's Median PS Value is USD38.98. Therefore, Micron Technology's Price to Median PS Value for today is 2.89.
The historical rank and industry rank for Micron Technology's Median PS Value or its related term are showing as below:
MU'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.7 Med: 1.56 Max: 2.89
Current: 2.89
During the past 13 years, the highest Price to Median PS Value of Micron Technology was 2.89. The lowest was 0.70. And the median was 1.56.
MU's Price-to-Median-PS-Value is ranked worse than 86.89% of 511
companies
in the Semiconductors industry
Industry Median: 1.37
vs MU: 2.89
Micron Technology Median PS Value Historical Data
The historical data trend for Micron Technology's Median PS Value 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 Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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 Price-to-Median-PS-Value Distribution
For the Semiconductors industry and Technology sector, Micron Technology's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Micron Technology's Price-to-Median-PS-Value falls into.
Micron Technology Median PS Value Calculation
Micron Technology's Median PS Value for today is calculated as
10-Year Median PS Ratio is 2.3464.
Micron Technology's Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was USD16.613.
* 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 (NAS:MU) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Micron Technology's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
112.55
/
38.98
=
2.89
* 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 Median PS Value Related Terms
Thank you for viewing the detailed overview of Micron Technology's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Micron Technology (Micron Technology) Business Description
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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