Is Micron Technology, Inc. (MU) Undervalued?
Based on the current stock price of $284.79 and a P/E ratio of 27.10,Micron Technology, Inc. has a PEG ratio of 0.09.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 0.09, MU appears to be potentially undervalued relative to its growth rate of 287.72%.
Based on a PEG ratio of 0.09 (adjusted for dividends).
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How we analyzed MU
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 27.10and dividing it by the annual growth rate of 287.72%.
PEG = 27.10 (P/E) ÷ 287.72 (Growth) = 0.09
Frequently Asked Questions about MU
What is the current PEG Ratio for Micron Technology, Inc. (MU)?+
The current PEG Ratio for Micron Technology, Inc. is 0.09. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is MU stock undervalued right now?+
Based on the PEG ratio of 0.09, Micron Technology, Inc. appears to be potentially undervalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for MU?+
The PEGY ratio for Micron Technology, Inc. is 0.09. This metric accounts for dividend yield (0.16%), providing a more complete valuation picture.