Is Micron Technology, Inc. overvalued or undervalued?

As of 3 September 2025, the valuation grade for Micron Technology, Inc. has moved from very attractive to attractive. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 28, an EV to EBITDA of 9.54, and a PEG ratio of 0.13, indicating strong growth potential relative to its price.
In comparison to its peers, Micron's P/E ratio of 25.58 is significantly lower than NVIDIA Corp.'s 47.72 and Broadcom Inc.'s 82.00, suggesting that Micron is priced more favorably within its industry. Additionally, its EV to EBITDA ratio is also more competitive compared to peers like Advanced Micro Devices, Inc. which has a ratio of 44.32. Notably, Micron has outperformed the S&P 500 with a year-to-date return of 100.68% compared to the index's 12.22%, reinforcing the attractiveness of its current valuation.