MU

Nasdaq

MICRON TECHNOLOGY INC

Information Technology, Semiconductors

$877.57

close 7 Aug 2026

+609.32%

52-week change

$990.78B

market cap

$113.46

$1,255.00

52-week range

Expected price

$789.81 – $965.33

Current price

$877.57

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)19.87x

P/S (TTM)10.98x

P/B9.84x

EV/EBITDA (TTM)14.23x

FCF yield (TTM)2.64%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average26.38x

P/E, sector median37.34x*

Price at 5-year median P/E$900.14*

Indicated dividend yield0.07%

Forward — analyst consensus

Forward P/E (FY2026)11.95x*

Forward P/E (FY2027)5.64x

Forward PEG0.11*

Consensus EPS FY2026 (36 analysts)$73.43

EPS growth (FY2026→FY2027)111.84%

Revenue growth (FY2026)247.15%

Street view

Price target (mean)$1,507.79*

Target upside71.81%

Ratings (buy / hold / sell)41 / 5 / 0

FY2026 EPS revisions, 30d (up / down)29 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 28 May 2026, filed 25 Jun 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +82.23%10Y CAGR +3.46%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$877.57

Cash & equivalents$25.00B

Total debt$5.72B

Shares outstanding1.13B

Result

DCF price per share$2,445.58

Current price$877.57

Margin of safety+178.68%

PV of years 1–10$637.72B

PV of terminal value$2.10T

Equity value$2.76T

Market-implied growth+11.33%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$32.72B	$40.89B	$51.12B	$63.90B	$79.87B	$99.84B	$124.80B	$156.00B	$195.00B	$243.75B	$4.54T
PV	$30.29B	$35.06B	$40.58B	$46.97B	$54.36B	$62.92B	$72.82B	$84.28B	$97.55B	$112.90B	$2.10T

period to 28 May 2026, filed 25 Jun 2026, close 7 Aug 2026