Micron TechnologyXSWX:MU -3.70%78 Return-on-Tangible-Equity is 133.70% as of May. 2026, which is 724% above its 10-year median of 16.23. 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 987 Semiconductors companies, Micron Technology ranks better than 94.43% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Micron Technology's annualized net income for the quarter that ended in May. 2026 was CHF88,502 Mil. Micron Technology's average shareholder tangible equity for the quarter that ended in May. 2026 was CHF66,194 Mil. Therefore, Micron Technology's annualized Return-on-Tangible-Equity for the quarter that ended in May. 2026 was 133.70%.
The historical rank and industry rank for Micron Technology's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:MU'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.84 Med: 16.23 Max: 59.22
Current: 43.55
During the past 13 years, Micron Technology's highest Return-on-Tangible-Equity was 59.22%. The lowest was -12.84%. And the median was 16.23%.
XSWX:MU's Return-on-Tangible-Equity is ranked better than 94.43% of 987
companies
in the Semiconductors industry
Industry Median: 5.19
vs XSWX:MU: 43.55
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Micron Technology Return-on-Tangible-Equity Related Terms
Micron Technology Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Micron Technology's Return-on-Tangible-Equity 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-Equity Comparison
For the Semiconductors subindustry, Micron Technology's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micron Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Micron Technology's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (May. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 133.70% mean?
Micron Technology (XSWX:MU) has a Return-on-Tangible-Equity of 133.70% as of May. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Micron Technology and its competitors. This is 724% above median its historical median of 16.23. According to the industry distribution chart, Micron Technology ranks #55 out of 987 companies in the Semiconductors industry, placing it in the top 5.6%.
Is Micron Technology's Return-on-Tangible-Equity too high?
Micron Technology's current Return-on-Tangible-Equity of 133.70% is 724% above median its 10-year median of 16.23. The Semiconductors industry median Return-on-Tangible-Equity is 5.19. Micron Technology's value of 133.70% is 2476.1% above this industry median. Based on the distribution chart, Micron Technology ranks #55 out of 987 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-Equity compare to AMD and INTC?
According to the Semiconductors industry distribution chart, Micron Technology ranks #55 out of 987 companies for Return-on-Tangible-Equity. This places Micron Technology in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.19. Micron Technology's value of 133.70% is 2476.1% above this benchmark. While the company's 10-year median is 16.23 vs. the industry median of 5.19, 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-Equity for a Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.19, based on 987 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Micron Technology's current Return-on-Tangible-Equity of 133.70% is 2476.1% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Micron Technology and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micron Technology's current Return-on-Tangible-Equity is 133.70%, which is 724% above median its own 10-year median of 16.23. 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-Equity is 133.70%, which is 724% above median its 10-year median of 16.23 and 2476.1% above the Semiconductors industry median of 5.19. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Micron Technology (XSWX:MU), the current Return-on-Tangible-Equity is 133.70% as of May. 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-Equity: 133.70% (724% above median its 10-year median of 16.23)
GF Value™: CHF320.31 vs. price of CHF851.53 (165.8% above fair value)
Industry Position: 2476.1% above the Semiconductors median (#55 of 987)
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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