Micron Technology, Inc. (MU) fair value analysis

S&P 500 · Updated 2026-09-07

Micron Technology, Inc. manufactures memory and storage semiconductor products, including dynamic random-access memory, NAND flash memory, and NOR flash memory used in computing devices and data centers. The company designs and produces its semiconductor products at fabrication facilities located in the United States, Singapore, and Taiwan.

Forward Fair Value verdict

Undervalued

Based on TickrTrends' weekly Forward Fair Value model, MU is trading at more than a 25% discount to estimated fair value.

MU currently ranks #36 of 199 Technology stocks by discount to Forward Fair Value. It has screened as Undervalued for 3 consecutive weekly runs.

Last price: $1,016.59
Sector: Technology
12-month range: $223.77–$1,035.50

Derived indicators

Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.

Quality grade: A
Leverage: Low
Margin trend: Expanding
Revenue growth: High
RSI zone: Neutral
52-week position: The top quarter of its range

What our data shows for MU

Our model validated 12 trailing price-to-earnings windows for MU, built from quarterly earnings records.
Shares are trading in the upper third of their 12-month price range of $223.77–$1,035.50.
The 14-day relative strength index sits at a neutral 65.

The exact numbers are one step away

The precise Forward Fair Value dollar figure for MU
Exact discount / premium to today's price
The normalized historical P/E behind the estimate, and how many quarters support it
Forward EPS input and fiscal-year basis
Screeners and rankings across the full S&P 500 and Nasdaq universes

See the exact fair value →

How Forward Fair Value works

TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.

Recent MU news

TickrTrends' derived news-sentiment signal for MU is currently leaning positive, computed from recent coverage.

Is Micron Technology Stock Running Out of Steam? (finance.yahoo.com, 2026-09-07)
TickrTrends take: Micron Technology operates in a highly cyclical industry where sentiment can shift rapidly based on production capacity and memory chip demand dynamics. Given TickrTrends' current undervalued assessment, investors tracking valuation metrics should monitor whether recent operational questions translate into changes in the company's earnings power and cash generation relative to its current market price. The gap between current valuation and fundamental performance will likely determine whether the undervalued designation holds or faces revision.
Do You Think Micron Technology’s (MU) Return Drivers May Falter Ahead (finance.yahoo.com, 2026-09-07)
TickrTrends take: Micron Technology operates in the Technology sector where capital intensity and cyclical demand patterns significantly influence valuation multiples. TickrTrends currently derives an undervalued verdict for MU, suggesting the market may not be fully pricing in the company's earnings power or growth trajectory. Investors focused on valuation metrics should monitor whether the return drivers mentioned in recent analysis prove resilient, as any material slowdown could either validate current pricing or necessitate valuation adjustments.
Micron Jumps 6% as AI Memory Trade Keeps Running (gurufocus.com, 2026-09-07)
TickrTrends take: Micron's recent gains reflect continued market strength in AI-related memory products, which aligns with the company's positioning in a high-demand sector. Given TickrTrends' undervalued assessment, investors monitoring valuation metrics should observe whether this momentum helps the company narrow any gaps between its current price and fundamental value estimates. The Technology sector's AI tailwinds create a backdrop where understanding whether the stock's gains are outpacing improvements in underlying financial metrics becomes particularly relevant for valuation-conscious investors.

What people are saying

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TickrTrends weekly updates

2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
2026-09-06 — TickrTrends' derived indicators for MU show a shift in sector positioning this week, with the sector discount rank moving from #25 to #36 among Technology peers. Despite this decline in relative valuation standing, the current valuation verdict remains Undervalued. The stock's ranking change suggests MU has become less discounted relative to other Technology sector companies in TickrTrends' analysis.
2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.

Frequently asked questions

Is MU stock undervalued?

Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), MU is trading at more than a 25% discount to estimated fair value and screens as undervalued. The exact fair value and discount are available to subscribers.

What is MU's TickrTrends verdict?

MU's current verdict is Undervalued, refreshed with every weekly Forward Fair Value run.

How does MU compare to other Technology stocks?

MU ranks #36 of 199 Technology stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.

Is MU overbought or oversold?

MU's 14-day RSI is in neutral territory - neither overbought nor oversold.

All Technology fair-value coverage →

Head-to-head comparisons

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