Stock Valuation / MU
Is Micron Technology, Inc. (MU) Overvalued? Fair Value & 5-Year Target
Micron Technology, Inc. trades at $953.19 (P/E 12.82). Our reference model estimates a fair value of $979.17 at its recent average P/E of 13.17.
| Current price | $953.19 |
|---|---|
| Current EPS | $74.33 |
| Current P/E | 12.82 |
| Average P/E | 13.17 |
| Fair value (at avg P/E) | $979.17 |
| Upside to fair value | +2.7% |
| Illustrative 5-yr target (25× P/E, 15% growth) | $3,737.60 |
What drives MU's valuation
Changing either assumption moves the target: a higher P/E multiple or faster EPS growth raises fair value, a lower multiple or slower growth lowers it. The interactive dashboard lets you edit both and re-run the model instantly.
About Micron Technology, Inc.
Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally. It operates through Cloud Memory Business Unit, Core Data Center Business Unit, Mobile and Client Business Unit, and Automotive and Embedded Business Unit segments. The company provides dynamic random access memory (DRAM) products, including High-Bandwidth Memory, doublie data rate, low-power DRAM, and graphics DRAM products; NAND products comprising solid state drives, managed NAND, and multi-chip packages; and NOR products. The company sells its products under the Micron brand name and p
Frequently asked questions
What is MU's fair value?
At its recent average P/E of 13.17, Micron Technology, Inc. (MU) has a reference fair value of about $979.17, which is +2.7% versus the current price of $953.19.
Is Micron Technology, Inc. (MU) overvalued or undervalued?
Based on the average-P/E reference model, Micron Technology, Inc. looks undervalued relative to fair value by roughly +2.7%. This is a model output, not investment advice — change the P/E and growth assumptions in the dashboard for your own view.
What is a 5-year price target for MU?
Under an illustrative model of 25× P/E and 15% annual EPS growth, the implied 5-year target is $3,737.60. Adjust both inputs on the interactive page to match your assumptions.
Open the interactive MU valuation dashboard →
Figures are for informational purposes only and are not investment advice. Data as of 2026-10-14.