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Micron Technology (NAS:MU) PB Ratio

: 3.09 (As of Today)
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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-13), Micron Technology's share price is $122.50. Micron Technology's Book Value per Share for the quarter that ended in Feb. 2024 was $39.63. Hence, Micron Technology's PB Ratio of today is 3.09.

The historical rank and industry rank for Micron Technology's PB Ratio or its related term are showing as below:

MU' s PB Ratio Range Over the Past 10 Years
Min: 0.81   Med: 1.77   Max: 3.63
Current: 3.09

During the past 13 years, Micron Technology's highest PB Ratio was 3.63. The lowest was 0.81. And the median was 1.77.

MU's PB Ratio is ranked worse than
61.92% of 969 companies
in the Semiconductors industry
Industry Median: 2.46 vs MU: 3.09

During the past 12 months, Micron Technology's average Book Value Per Share Growth Rate was -8.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 8.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 20.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Micron Technology was 67.10% per year. The lowest was -18.60% per year. And the median was 10.20% per year.

Back to Basics: PB Ratio


Micron Technology PB Ratio Historical Data

The historical data trend for Micron Technology's PB 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.

* Premium members only.

Micron Technology Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.40 1.30 1.88 1.24 1.74

Micron Technology Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
PB Ratio 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 Premium Member Only Premium Member Only Premium Member Only 1.34 1.64 1.74 1.96 2.29

Competitive Comparison

For the Semiconductors subindustry, Micron Technology's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio Distribution

For the Semiconductors industry and Technology sector, Micron Technology's PB Ratio distribution charts can be found below:

* The bar in red indicates where Micron Technology's PB Ratio falls into.



Micron Technology PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Micron Technology's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Feb. 2024)
=122.50/39.63
=3.09

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Micron Technology  (NAS:MU) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Micron Technology PB Ratio Related Terms

Thank you for viewing the detailed overview of Micron Technology's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Micron Technology (NAS:MU) Business Description

Address
8000 South Federal Way, Post Office Box 6, 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.
Executives
Sanjay Mehrotra officer: President & CEO C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Scott J Deboer officer: Vice President, R&D 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Scott R. Allen officer: CVP, Chief Accounting Officer 11690 N.W. 105TH STREET, MIAMI FL 33178
April L Arnzen officer: VP, Human Resources 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Michael W Bokan officer: SVP, WORLDWIDE SALES 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Sumit Sadana officer: EVP & Chief Business Officer 47544 AVALON HEIGHTS TERRACE, FREMONT CA 94539
Richard M Beyer director 6501 WILLIAM CANNON DRIVE, WEST, AUSTIN TX 78735
Manish H Bhatia officer: EVP, Global Operations C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Robert P Beard officer: SVP, General Counsel&Secretary 8000 S. FEDERAL WAY, BOISE ID 83716
Mark J. Murphy officer: EVP & Chief Financial Officer DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098
Joel L Poppen officer: VP Legal Affairs, Gen Counsel, other: Corporate Secretary 8000 S. FEDERAL WAY, MS 1-557, BOISE ID 83716
David Zinsner officer: SVP & Chief Financial Officer 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Linnie M Haynesworth director 214 N TRYON STREET, CHARLOTTE NC 28202
Lynn A Dugle director 4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Paul Marosvari officer: VP, Chief Accounting Officer 8000 S. FEDERAL WAY, BOISE ID 83716

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