Micron Technology (MU)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-04
$1016.59+6.10%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-04
QuarterlyIQ Insights · MU
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $1,017 MU trades at 23× p/e, below its 49× p/e peer median. Our $1,183 fair value sits above the price. We hold it with medium confidence: the peer anchor overstates how cheap it looks. Analysts target $800–$2,200. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $1450.00 | — | — | Analyst | high |
| dcf fcfe | 12M | $380.46 | — | — | Analyst | high |
| dcf fcff | 12M | $603.23 | — | — | Analyst | high |
| graham number | 12M | $298.11 | — | — | TTM | high |
| Peer EV/EBITDA |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 10% on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
$800.00 – $2200.00 (median $1450.00) · 42 analysts · as of 2026-08-25
No fragility gates fired. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
At today's price you pay about 3441% over what the business is worth with no growth; closing that gap needs roughly 7.4 years of the forecast growth to come through. These describe the expectations embedded in the price, not a forecast of the move. Reverse-DCF base: $2.78/sh owner earnings.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q3, 2026-Q1, 2026-Q2, 2026-Q3
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| 12M |
| $1317.36 |
| 22.3 |
| 58.21 |
| TTM |
| high |
| Peer P/FCF | 12M | $1105.67 | 46.6 | 23.73 | TTM | high |
| Peer P/E | 12M | $3933.18 | 25.3 | 155.67 | ntm analyst | high |
| Peer P/S | 12M | $652.21 | 8.3 | 78.84 | TTM | high |
| PEG | 12M | $912.64 | 20.3 | 44.90 | TTM | high |
| residual income | 12M | $204.11 | — | — | TTM | high |
| triangulated | 12M | $2415.42 | 49.4 | 48.94 | Triangulated | high |
| Peer P/E | 3Y | $5201.63 | 25.3 | 205.87 | Analyst | medium |
| Peer P/S | 3Y | $991.92 | 8.3 | 119.91 | Analyst | medium |
| PEG | 3Y | $1388.01 | 20.3 | 68.29 | Analyst | medium |
| Peer P/E | 5Y | $6879.15 | 25.3 | 272.27 | Analyst | medium |
| Peer P/S | 5Y | $1311.82 | 8.3 | 158.58 | Analyst | medium |
| PEG | 5Y | $1835.65 | 20.3 | 90.31 | Analyst | medium |