US · USD

MU

Micron Technology Inc

US$1,079.90-1.59% (-US$17.49)
Day's range
US$1,081.85 – US$1,108.00
Day's volume
US$13.1bn
52-week range
US$181.42 – US$1,213.37

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MU in numbers

Market cap
US$1.2tn
P/E
24.17
P/B
12.11
Dividend yield (12m)
0.05%

The 12-month dividend yield of MU is 0.05%, below its 5-year average of 0.44%.

MU price history

02/10/202502/10/2026
Compare with

MU risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+356.99%+1,331.78%+1,216.20%
Volatility (annualised)111.18%78.97%67.53%
Largest drawdown-28.69%-41.23%-46.04%
Positive months8/1223/3635/60

How much did investing in MU return?

US$1,000.00 invested on 01/11/2021 would be worth US$13,159.85 today.

Value today in MU
US$13,159.85
Return over the period
+1,215.98%
Return per year
+68.90%
In the S&P 500
US$1,688.95

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MU fundamentals

Valuation

  • P/E
    24.17
  • P/B
    12.11
  • EV/EBITDA
    17.90
  • EV/EBIT
    20.62
  • EV/Revenue
    13.53
  • P/EBIT
    20.62
  • P/S
    13.53
  • P/OCF
    23.76
  • P/FCF
    46.68
  • Earnings yield
    4.85%
  • PEG ratio
    —
  • Earnings per share
    US$44.69
  • Book value per share
    US$89.18

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    3.42
  • Quick ratio
    2.98
  • Cash ratio
    1.28

Efficiency

  • Gross margin
    72.57%
  • EBITDA margin
    75.61%
  • Operating margin
    65.63%
  • Net margin
    55.91%
  • Asset turnover
    0.67

Profitability

  • ROE
    50.11%
  • ROA
    37.63%
  • ROIC
    50.25%
  • Payout
    1.19%

Growth

  • Revenue CAGR (5 years)
    28.78%
  • Earnings CAGR (5 years)
    64.98%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is MU's fair price?

Two classic value formulas, with today's numbers. The current price is US$1,079.90.

Graham's fair price
US$299.45
72.27% below the price

√(22.50 × US$44.69 × US$89.18)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$6.37
99.41% below the price

US$0.38 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

MU indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E37.52119.94-16.066.2517.7831.159.432.55
P/B5.912.072.121.092.372.151.661.11
EV/EBITDA17.7810.7548.323.108.199.504.651.82
Dividend yield0.16%0.55%0.54%0.86%0.11%———
Earnings per shareUS$7.61US$0.70-US$5.31US$7.99US$5.24US$2.41US$5.70US$12.46
Book value per shareUS$48.26US$40.70US$40.18US$45.91US$39.27US$35.03US$32.41US$28.47
ROE15.76%1.72%-13.22%17.41%13.34%6.89%17.59%43.77%
ROIC15.40%1.68%-12.07%18.47%13.97%7.25%18.54%45.88%
Gross margin39.79%22.35%-9.11%45.18%37.62%30.57%45.72%58.87%
EBITDA margin48.48%36.18%12.94%54.68%45.11%40.37%54.69%65.00%
Net margin22.84%3.10%-37.54%28.24%21.16%12.54%26.97%46.51%
Net debt/EBITDA0.100.471.73-0.13-0.14-0.17——

MU financial statements

Line202520242023202220212020
Net revenueUS$37.4bnUS$25.1bnUS$15.5bnUS$30.8bnUS$27.7bnUS$21.4bn
Cost of sales-US$22.5bn-US$19.5bn-US$17bn-US$16.9bn-US$17.3bn-US$14.9bn
Gross profitUS$14.9bnUS$5.6bn-US$1.4bnUS$13.9bnUS$10.4bnUS$6.6bn
EBITDAUS$18.1bnUS$9.1bnUS$2bnUS$16.8bnUS$12.5bnUS$8.7bn
EBITUS$9.8bnUS$1.3bn-US$5.7bnUS$9.7bnUS$6.3bnUS$3bn
Net finance result——————
Profit before taxUS$9.7bnUS$1.2bn-US$5.7bnUS$9.6bnUS$6.2bnUS$3bn
Income tax-US$1.1bn-US$451m-US$177m-US$888m-US$394m-US$280m
Net incomeUS$8.5bnUS$778m-US$5.8bnUS$8.7bnUS$5.9bnUS$2.7bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MU pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend13/10/202629/10/2026US$0.15

Dividend yield per year

  • 0.11%2021
  • 0.86%2022
  • 0.54%2023
  • 0.55%2024
  • 0.16%2025
  • 0.04%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend03/07/202621/07/2026US$0.15
Dividend27/03/202615/04/2026US$0.15
Dividend26/12/202514/01/2026US$0.12
Dividend02/10/202521/10/2025US$0.12
Dividend04/07/202522/07/2025US$0.12
Dividend28/03/202515/04/2025US$0.12
Dividend27/12/202415/01/2025US$0.12
Dividend04/10/202423/10/2024US$0.12
Dividend05/07/202423/07/2024US$0.12
Dividend27/03/202416/04/2024US$0.12
Dividend28/12/202318/01/2024US$0.12
Dividend05/10/202325/10/2023US$0.12
See all 20 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend06/07/202325/07/2023US$0.12
Dividend05/04/202325/04/2023US$0.12
Dividend29/12/202219/01/2023US$0.12
Dividend06/10/202226/10/2022US$0.12
Dividend07/07/202226/07/2022US$0.12
Dividend07/04/202226/04/2022US$0.10
Dividend30/12/202118/01/2022US$0.10
Dividend29/09/202118/10/2021US$0.10

About Micron Technology

Sector
Manufacturing

Questions about MU

How much is MU today?

MU is at US$1,079.90 (-1.59% on the day), last traded on 02/10/2026.

How much did MU pay in dividends in 2025?

MU paid US$0.46 per share in 2025, a dividend yield of 0.16%.

When is the next MU dividend?

The next announced payment is US$0.15 per share on 29/10/2026.

What are the P/E and P/B of MU?

MU trades at a P/E of 24.17 and a P/B of 12.11.

How much did MU return in 12 months?

MU returned 356.99% in 12 months, with annualised volatility of 111.18% and a largest drawdown of -28.69%.