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Micron TechnologyMU +2.77%80 Shiller PE Ratio is 104.89 as of Sep. 01, 2026, which is 381% above its 10-year median of 21.82. GuruFocus rates MU with a GF Score™ of 80/100 and a GF Value™ of $613.51 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 542 Semiconductors companies, Micron Technology ranks worse than 80.07% on this metric.
The historical rank and industry rank for Micron Technology's Shiller PE Ratio or its related term are showing as below:
MU'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.16 Med: 21.82 Max: 175.71
Current: 104.88
During the past years, Micron Technology's highest Shiller PE Ratio was 175.71. The lowest was 10.16. And the median was 21.82.
MU's Shiller PE Ratio is ranked worse than 80.07% of 542
companies
in the Semiconductors industry
Industry Median: 41.92
vs MU: 104.88
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Micron Technology's adjusted earnings per share data for the three months ended in May. 2026 was $24.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $9.14 for the trailing ten years ended in May. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Micron Technology (NAS:MU) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Micron Technology Shiller PE Ratio Related Terms
Micron Technology Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Micron Technology's Shiller PE 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.
MU vs AMD, INTC, AVGO: Shiller PE Ratio Comparison
For the Semiconductors subindustry, Micron Technology's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micron Technology's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Micron Technology's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Micron Technology's E10 for the quarter that ended in May. 2026 is calculated as:
For example, Micron Technology's adjusted earnings per share data for the three months ended in May. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Micron Technology (MU) has a Shiller PE Ratio of 104.89 as of Sep. 01, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Micron Technology and its competitors. This is 381% above median its historical median of 21.82. Over the past decade, Micron Technology's Shiller PE Ratio has ranged from 10.16 to 175.71. According to the industry distribution chart, Micron Technology ranks #434 out of 542 companies in the Semiconductors industry, placing it in the top 80.1%.
Is Micron Technology's Shiller PE Ratio too high?
Micron Technology's current Shiller PE Ratio of 104.89 is 381% above median its 10-year median of 21.82. Over the past 10 years, this metric has ranged from a low of 10.16 to a high of 175.71. The Semiconductors industry median Shiller PE Ratio is 41.92. Micron Technology's value of 104.89 is 150.2% above this industry median. Based on the distribution chart, Micron Technology ranks #434 out of 542 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Micron Technology has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micron Technology's Shiller PE Ratio compare to AMD and INTC?
According to the Semiconductors industry distribution chart, Micron Technology ranks #434 out of 542 companies for Shiller PE Ratio. This places Micron Technology in the lower half of its industry. The industry median Shiller PE Ratio is 41.92. Micron Technology's value of 104.89 is 150.2% above this benchmark. Historically, Micron Technology's own Shiller PE Ratio has ranged from 10.16 to 175.71 over the past decade. While the company's 10-year median is 21.82 vs. the industry median of 41.92, 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 Shiller PE Ratio for a Semiconductors company?
The median Shiller PE Ratio among Semiconductors companies is 41.92, based on 542 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Micron Technology's current Shiller PE Ratio of 104.89 is 150.2% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Micron Technology and its competitors. For the Semiconductors industry, the median Shiller PE Ratio is 41.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micron Technology's current Shiller PE Ratio is 104.89, which is 381% above median its own 10-year median of 21.82. 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 (MU) is currently considered Significantly Overvalued. The stock's GF Value™ is $613.51, compared to a current price of $958.73 — trading 56.3% above its estimated fair value. The current Shiller PE Ratio is 104.89, which is 381% above median its 10-year median of 21.82 and 150.2% above the Semiconductors industry median of 41.92. Micron Technology's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Micron Technology (MU), the current Shiller PE Ratio is 104.89 as of Sep. 01, 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 (MU) Overvalued in 2026?
Based on GuruFocus' analysis, Micron Technology stock appears to be overvalued.
The current stock price of $958.73 is trading 56.3% above its estimated GF Value™ of $613.51.
GuruFocus considers Micron Technology to be Significantly Overvalued.
Key valuation signals for MU:
Shiller PE Ratio: 104.89 (381% above median its 10-year median of 21.82)
GF Value™: $613.51 vs. price of $958.73 (56.3% above fair value)
Industry Position: 150.2% above the Semiconductors median (#434 of 542)
No single metric tells the full story. See the 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.
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