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 at this time. Key valuation ratios include a P/E ratio of 28, an EV to EBITDA of 9.54, and a PEG ratio of 0.13, indicating a reasonable valuation relative to its growth prospects.
In comparison to its peers, Micron's P/E ratio of 25.58 is notably lower than that of NVIDIA Corp. at 47.72, while QUALCOMM, Inc. presents a more attractive valuation at 14.62. The company's recent stock performance has significantly outpaced the S&P 500, with a year-to-date return of 140.47% compared to the S&P 500's 13.30%, reinforcing the notion that Micron is currently fairly valued.