Micron TechnologyXSWX:MU -3.70%78 ROA % is 96.45% as of May. 2026, which is 791% above its 10-year median of 10.82. 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 97.57% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Micron Technology's annualizedNet Income for the quarter that ended in May. 2026 was CHF88,502 Mil.
Micron Technology's average Total Assets over the quarter that ended in May. 2026 was CHF91,760 Mil. Therefore, Micron Technology's annualized ROA % for the quarter that ended in May. 2026 was 96.45%.
The historical rank and industry rank for Micron Technology's ROA % or its related term are showing as below:
XSWX:MU'
s ROA % Range Over the Past 10 Years
Min: -8.94 Med: 10.82 Max: 35.92
Current: 28.59
During the past 13 years, Micron Technology's highest ROA % was 35.92%. The lowest was -8.94%. And the median was 10.82%.
XSWX:MU's ROA % is ranked better than 97.57% of 1028
companies
in the Semiconductors industry
Industry Median: 2.45
vs XSWX:MU: 28.59
Micron Technology (XSWX:MU) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Micron Technology ROA % Related Terms
Micron Technology ROA % Historical Data
* Premium members only.
The historical data trend for Micron Technology's ROA % 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.
For the Semiconductors subindustry, Micron Technology's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micron Technology's ROA % distribution charts can be found below:
* The bar in red indicates where Micron Technology's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Micron Technology (XSWX:MU) has a ROA % of 96.45% as of May. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Micron Technology and its competitors. This is 791% above median its historical median of 10.82. According to the industry distribution chart, Micron Technology ranks #25 out of 1028 companies in the Semiconductors industry, placing it in the top 2.4%.
Is Micron Technology's ROA % too high?
Micron Technology's current ROA % of 96.45% is 791% above median its 10-year median of 10.82. The Semiconductors industry median ROA % is 2.45. Micron Technology's value of 96.45% is 3836.7% above this industry median. Based on the distribution chart, Micron Technology ranks #25 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 ROA % compare to AMD and INTC?
According to the Semiconductors industry distribution chart, Micron Technology ranks #25 out of 1028 companies for ROA %. This places Micron Technology in the top 2% of its industry — outperforming the majority of peers. The industry median ROA % is 2.45. Micron Technology's value of 96.45% is 3836.7% above this benchmark. While the company's 10-year median is 10.82 vs. the industry median of 2.45, 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 ROA % for a Semiconductors company?
The median ROA % among Semiconductors companies is 2.45, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Micron Technology's current ROA % of 96.45% is 3836.7% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Micron Technology and its competitors. For the Semiconductors industry, the median ROA % is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micron Technology's current ROA % is 96.45%, which is 791% above median its own 10-year median of 10.82. 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 ROA % is 96.45%, which is 791% above median its 10-year median of 10.82 and 3836.7% above the Semiconductors industry median of 2.45. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Micron Technology (XSWX:MU), the current ROA % is 96.45% 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:
ROA %: 96.45% (791% above median its 10-year median of 10.82)
GF Value™: CHF320.31 vs. price of CHF851.53 (165.8% above fair value)
Industry Position: 3836.7% above the Semiconductors median (#25 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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