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 (2022-08-16), Micron Technology's share price is $63.86. Micron Technology's Book Value per Share for the quarter that ended in May. 2022 was $44.60. Hence, Micron Technology's PB Ratio of today is 1.43.
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: 0.58 Med: 1.62 Max: 3.63
Current: 1.42
During the past 13 years, Micron Technology's highest PB Ratio was 3.63. The lowest was 0.58. And the median was 1.62.
MU's PB Ratio is ranked better than 73.29% of 906
companies
in the Semiconductors industry
Industry Median: 2.48
vs MU: 1.42
During the past 12 months, Micron Technology's average Book Value Per Share Growth Rate was 18.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 27.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 20.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Micron Technology was 126.70% per year. The lowest was -18.60% per year. And the median was 10.75% 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
Aug12
Aug13
Aug14
Aug15
Aug16
Aug17
Aug18
Aug19
Aug20
Aug21
PB Ratio
1.91
1.89
1.40
1.30
1.88
Micron Technology Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
PB Ratio
2.23
1.88
2.05
2.08
1.66
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:
* 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.
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 historically focused on designing and manufacturing DRAM for PCs. The firm then expanded into the NAND flash memory market. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016). The firm's DRAM and NAND products tailored to PCs, data centers, smartphones, game consoles, automotives, and other computing devices.
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