Micron Technology Inc (MU)

Semiconductors & Related Devices

Latest Price

$1065.11

TTM P/E

24.11

Normalized P/E

97.22

Div Yield

0.05%

Book Value

89.18

P/B Ratio

11.94

Valuation metrics

EPS: $7.59

Book value / share: $48.28

Formula: √(22.5 × EPS × BVPS)

Graham Number

$90.80

91% downside

Norm. op. income: $6.3B (median of 7yr)

Tax rate: 10%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$48.43

95% downside

Base FCF: $2.1B (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$133.99

87% downside

EPS: $7.59

Target P/E: 97×

Formula: EPS × P/E

P/E Fair Value

$736.23

31% downside

93.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	104.87M	$121.04B	9.29%	+1.51M	2026-06-30
Vanguard Capital Management LLC	73.66M	$85.02B	6.52%	+522.3K	2026-06-30
Jane Street Group, LLC	53.50M	$61.76B	4.74%	+8.81M	2026-06-30
State Street Corp	50.08M	$57.80B	4.44%	-2.16M	2026-06-30
Invesco Ltd.	36.32M	$41.92B	3.22%	+24.25M	2026-06-30
Andar Capital Management HK Ltd	34.28M	$29.0M	3.04%	+34.28M	2026-06-30
Citadel Advisors LLC	34.03M	$39.28B	3.01%	+2.40M	2026-06-30
Goldman Sachs Group Inc	29.79M	$34.38B	2.64%	+13.12M	2026-06-30
Capital World Investors	29.47M	$34.02B	2.61%	-12.58M	2026-06-30
Geode Capital Management, LLC	27.71M	$31.88B	2.45%	+273.0K	2026-06-30