The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Micron Technology's share price is $62.98.
Micron Technology's Revenue per Share for the trailing twelve months (TTM) ended in May. 2022 was $28.65. Hence, Micron Technology's PS Ratio for today is 2.20.
The historical rank and industry rank for Micron Technology's PS Ratio or its related term are showing as below:
MU'
s PS Ratio Range Over the Past 10 Years
Min: 0.58 Med: 2.01 Max: 4.6
Current: 2.2
During the past 13 years, Micron Technology's highest PS Ratio was 4.60. The lowest was 0.58. And the median was 2.01.
MU's PS Ratio is ranked better than 53.8% of 907
companies
in the Semiconductors industry
Industry Median: 2.46
vs MU: 2.20
Micron Technology's Revenue per Sharefor the
three
months ended in May. 2022 was $7.71.
Its Revenue per Share for the trailing twelve months (TTM) ended in May. 2022 was $28.65.
Good Sign:
Micron Technology Inc has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Micron Technology was 28.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -0.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 10.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 12.00% per year.
During the past 13 years, Micron Technology's highest 3-Year average Revenue per Share Growth Rate was 97.00% per year. The lowest was -21.50% per year. And the median was 9.10% per year.
Back to Basics: PS Ratio
Micron Technology PS Ratio Historical Data
The historical data trend for Micron Technology's PS 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
PS Ratio
1.82
2.12
2.21
2.40
3.04
Micron Technology Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
PS Ratio
3.76
3.04
3.23
3.24
2.58
Competitive Comparison
For the Semiconductors subindustry, Micron Technology's PS Ratio, along with its competitors' market caps and PS 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 PS Ratio Distribution
For the Semiconductors industry and Technology sector, Micron Technology's PS Ratio distribution charts can be found below:
* The bar in red indicates where Micron Technology's PS Ratio falls into.
Micron Technology PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Micron Technology's PS Ratio for today is calculated as
Micron Technology's Share Price of today is $62.98.
Micron Technology's Revenue per Share for the trailing twelve months (TTM) ended in May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $28.65.
* 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:
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Micron Technology PS Ratio Related Terms
Thank you for viewing the detailed overview of Micron Technology's PS 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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