Micron Technology (MIL:1MU) Beneish M-Score: -1.62 (As of Jun. 24, 2026)


MIL:1MU Micron Technology Inc MIL:1MU
70 GF Score
Price €949.90
GF Value €356.20
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Micron Technology Beneish M-Score?

Micron Technology MIL:1MU -7.54% 70 Beneish M-Score is -1.62 as of Jun. 24, 2026. GuruFocus rates MIL:1MU with a GF Score™ of 70/100 and a GF Value™ of €356.20 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 987 Semiconductors companies, Micron Technology ranks worse than 82.07% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score -1.62 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Micron Technology's Beneish M-Score or its related term are showing as below:

MIL:1MU' s Beneish M-Score Range Over the Past 10 Years
Min: -47.61   Med: -2.68   Max: -1.62
Current: -1.62

During the past 13 years, the highest Beneish M-Score of Micron Technology was -1.62. The lowest was -47.61. And the median was -2.68.


Micron Technology Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Micron Technology's Beneish M-Score 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 Beneish M-Score Chart

Micron Technology Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.64 -3.09 -6.91 -2.58 -2.68

Micron Technology Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Beneish M-Score 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 -2.90 -2.90 -2.68 -2.68 -1.62

MIL:1MU vs AMD, INTC, TXN: Beneish M-Score Comparison

For the Semiconductors subindustry, Micron Technology's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Micron Technology's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Micron Technology's Beneish M-Score falls into.


MIL:1MU
70GF Score
Micron Technology Inc MIL:1MU
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Micron Technology Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Micron Technology for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.3742+0.528 * 0.5972+0.404 * 1.1079+0.892 * 1.7071+0.115 * 1.0498
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6143+4.679 * -0.062914-0.327 * 0.79
=-1.83

* 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.

This Year (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was €14,648 Mil.
Revenue was 20185.56 + 11801.195 + 9719.585 + 8249.987 = €49,956 Mil.
Gross Profit was 15020.73 + 6613.79 + 4341.386 + 3111.596 = €29,088 Mil.
Total Current Assets was €35,035 Mil.
Total Assets was €85,877 Mil.
Property, Plant and Equipment(Net PPE) was €44,070 Mil.
Depreciation, Depletion and Amortization(DDA) was €7,551 Mil.
Selling, General, & Admin. Expense(SGA) was €1,134 Mil.
Total Current Liabilities was €12,094 Mil.
Long-Term Debt & Capital Lease Obligation was €8,640 Mil.
Net Income was 11662.11 + 4532.6 + 2749.659 + 1671.995 = €20,616 Mil.
Non Operating Income was -82.908 + -121.1 + -72.156 + -60.316 = €-336 Mil.
Cash Flow from Operations was 10069.938 + 7275.515 + 4922.07 + 4088.183 = €26,356 Mil.
Total Receivables was €6,244 Mil.
Revenue was 7730.88 + 8203.878 + 7029.25 + 6300.175 = €29,264 Mil.
Gross Profit was 2844.48 + 3153.816 + 2482.459 + 1694.6 = €10,175 Mil.
Total Current Assets was €23,701 Mil.
Total Assets was €70,131 Mil.
Property, Plant and Equipment(Net PPE) was €41,438 Mil.
Depreciation, Depletion and Amortization(DDA) was €7,518 Mil.
Selling, General, & Admin. Expense(SGA) was €1,082 Mil.
Total Current Liabilities was €7,562 Mil.
Long-Term Debt & Capital Lease Obligation was €13,872 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(14647.644 / 49956.327) / (6243.84 / 29264.183)
=0.293209 / 0.213361
=1.3742

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(10175.355 / 29264.183) / (29087.502 / 49956.327)
=0.347707 / 0.582259
=0.5972

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (35035.398 + 44069.832) / 85876.614) / (1 - (23701.44 + 41438.4) / 70130.88)
=0.07885 / 0.071168
=1.1079

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=49956.327 / 29264.183
=1.7071

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(7517.777 / (7517.777 + 41438.4)) / (7550.705 / (7550.705 + 44069.832))
=0.153561 / 0.146273
=1.0498

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(1134.321 / 49956.327) / (1081.636 / 29264.183)
=0.022706 / 0.036961
=0.6143

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((8640.198 + 12094.416) / 85876.614) / ((13872 + 7561.92) / 70130.88)
=0.241447 / 0.305627
=0.79

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(20616.364 - -336.48 - 26355.706) / 85876.614
=-0.062914

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Micron Technology has a M-score of -1.83 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.62 mean?
Micron Technology (MIL:1MU) has a Beneish M-Score of -1.62 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Micron Technology and its competitors. According to the industry distribution chart, Micron Technology ranks #810 out of 987 companies in the Semiconductors industry, placing it in the top 82.1%.
Is Micron Technology's Beneish M-Score too high?
Micron Technology's current Beneish M-Score is -1.62. Based on the distribution chart, Micron Technology ranks #810 out of 987 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Micron Technology has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micron Technology's Beneish M-Score compare to AMD and INTC?
According to the Semiconductors industry distribution chart, Micron Technology ranks #810 out of 987 companies for Beneish M-Score. This places Micron Technology in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Semiconductors company?
A good Beneish M-Score depends on the Semiconductors industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Micron Technology and its competitors. Micron Technology's current Beneish M-Score is -1.62. 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 (MIL:1MU) is currently considered Significantly Overvalued. The stock's GF Value™ is €356.20, compared to a current price of €949.90 — trading 166.7% above its estimated fair value. The current Beneish M-Score is -1.62. Micron Technology's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Micron Technology (MIL:1MU), the current Beneish M-Score is -1.62 as of Jun. 24, 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 (MIL:1MU) Overvalued in 2026?

Based on GuruFocus' analysis, Micron Technology stock appears to be overvalued. The current stock price of €949.90 is trading 166.7% above its estimated GF Value™ of €356.20. GuruFocus considers Micron Technology to be Significantly Overvalued.

Key valuation signals for MIL:1MU:

  • Beneish M-Score: -1.62
  • GF Value™: €356.20 vs. price of €949.90 (166.7% above fair value)
  • GF Score™: 70/100 with 8 warning signs

No single metric tells the full story. See the MIL:1MU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Micron Technology Business Description

Address 8000 S. Federal Way, 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.
70GF Score

Get the complete analysis for MIL:1MU

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€949.90
Price
€356.20
GF Value