Is Micron Technology, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Micron Technology, Inc. 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 a relatively low growth expectation compared to its price.
In comparison to peers, Micron's P/E ratio of 25.58 is significantly lower than NVIDIA Corp.'s 47.72, while QUALCOMM, Inc. offers a more attractive valuation at 14.62. Additionally, Micron's strong performance is highlighted by its year-to-date return of 140.47%, far exceeding the S&P 500's return of 13.30% in the same period, reinforcing the notion that it is fairly valued in the current market context.