Micron TechnologyXSWX:MU -3.70%78 Return-on-Tangible-Asset is 58.78% as of Feb. 2026, which is 430% above its 10-year median of 11.09. GuruFocus rates XSWX:MU with a GF Score™ of 78/100 and a GF Value™ of CHF320.31 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,028 Semiconductors companies, Micron Technology ranks better than 97.47% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Micron Technology's annualizedNet Income for the quarter that ended in Feb. 2026 was CHF42,618 Mil. Micron Technology's average total tangible assets for the quarter that ended in Feb. 2026 was CHF72,501 Mil. Therefore, Micron Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 58.78%.
The historical rank and industry rank for Micron Technology's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:MU'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.16 Med: 11.09 Max: 37.42
Current: 29.14
During the past 13 years, Micron Technology's highest Return-on-Tangible-Asset was 37.42%. The lowest was -9.16%. And the median was 11.09%.
XSWX:MU's Return-on-Tangible-Asset is ranked better than 97.47% of 1028
companies
in the Semiconductors industry
Industry Median: 2.59
vs XSWX:MU: 29.14
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Micron Technology Return-on-Tangible-Asset Related Terms
Micron Technology Return-on-Tangible-Asset Historical Data
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The historical data trend for Micron Technology's Return-on-Tangible-Asset 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.
XSWX:MU vs AMD, INTC, TXN: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Micron Technology's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micron Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Micron Technology's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 58.78% mean?
Micron Technology (XSWX:MU) has a Return-on-Tangible-Asset of 58.78% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Micron Technology and its competitors. This is 430% above median its historical median of 11.09. According to the industry distribution chart, Micron Technology ranks #26 out of 1028 companies in the Semiconductors industry, placing it in the top 2.5%.
Is Micron Technology's Return-on-Tangible-Asset too high?
Micron Technology's current Return-on-Tangible-Asset of 58.78% is 430% above median its 10-year median of 11.09. The Semiconductors industry median Return-on-Tangible-Asset is 2.59. Micron Technology's value of 58.78% is 2169.5% above this industry median. Based on the distribution chart, Micron Technology ranks #26 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Micron Technology has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micron Technology's Return-on-Tangible-Asset compare to AMD and INTC?
According to the Semiconductors industry distribution chart, Micron Technology ranks #26 out of 1028 companies for Return-on-Tangible-Asset. This places Micron Technology in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.59. Micron Technology's value of 58.78% is 2169.5% above this benchmark. While the company's 10-year median is 11.09 vs. the industry median of 2.59, Micron Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.59, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Micron Technology's current Return-on-Tangible-Asset of 58.78% is 2169.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Micron Technology and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micron Technology's current Return-on-Tangible-Asset is 58.78%, which is 430% above median its own 10-year median of 11.09. 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 (XSWX:MU) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF320.31, compared to a current price of CHF851.53 — trading 165.8% above its estimated fair value. The current Return-on-Tangible-Asset is 58.78%, which is 430% above median its 10-year median of 11.09 and 2169.5% above the Semiconductors industry median of 2.59. Micron Technology's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Micron Technology (XSWX:MU), the current Return-on-Tangible-Asset is 58.78% as of Feb. 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 (XSWX:MU) Overvalued in 2026?
Based on GuruFocus' analysis, Micron Technology stock appears to be overvalued.
The current stock price of CHF851.53 is trading 165.8% above its estimated GF Value™ of CHF320.31.
GuruFocus considers Micron Technology to be Significantly Overvalued.
Key valuation signals for XSWX:MU:
Return-on-Tangible-Asset: 58.78% (430% above median its 10-year median of 11.09)
GF Value™: CHF320.31 vs. price of CHF851.53 (165.8% above fair value)
Industry Position: 2169.5% above the Semiconductors median (#26 of 1028)
No single metric tells the full story. See the XSWX:MU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
78GF Score
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