What Is MU Fair Value?
Micron Technology Inc. (MU) fair value estimate using multiple valuation models, updated daily.
As of September 16, 2026, Micron Technology Inc. (MU) has a composite fair value estimate of $1,281.95 based on four valuation models: DCF (41% weight), Graham Number (29% weight), PEG (29% weight), and DDM (0% weight). The current market price is $926.55, suggesting the stock is undervalued by 38.4%.
Data as of September 16, 2026 (today)
Composite Fair Value
Undervalued3 of 4 models$1,281.95
vs. current price of $926.55(+38.4%)
How Is MU Fair Value Calculated?
Four independent models estimate what MU is worth. Each uses different inputs and assumptions. The composite blends them by weight.
MU Intrinsic Value
Forward-looking models based on future cash flows
DCF (Discounted Cash Flow)
41% weightEstimates how much cash the company will generate over the next 10 years, then calculates what all that future cash is worth in today's dollars. Includes a 15% safety cushion. Try the standalone DCF calculator →
$183.81
-80.2%Overvalued
Inputs used
DDM (Dividend Discount Model)
0% weightIf a company pays you dividends, this model asks: how much are all those future dividend payments worth today? Only works for stocks that pay dividends. Try the intrinsic value calculator →
N/A
This stock does not pay a dividend, so the DDM cannot be applied. The composite adjusts by redistributing this weight to the other models.
MU Fair Value
Current fundamentals: earnings, assets, and growth rate
Graham Number (Value Investing)
29% weightCreated by legendary investor Benjamin Graham. It looks at two things: how much the company earns (EPS) and what its assets are worth (Book Value), then calculates the maximum price a careful investor should pay. Try the fair value calculator →
$383.95
-58.6%Overvalued
Inputs used
PEG (Price/Earnings to Growth)
29% weightChecks if you're paying a fair price for the company's growth. A fast-growing company deserves a higher price than a slow one. This model finds the right price based on how fast earnings are growing.
$3,671.94
+296.3%Undervalued
Inputs used
What If You Change the Assumptions?
Drag the sliders to test different scenarios. Tap the ? buttons to learn what each input means.
Your DCF Fair Value
Current price $926.55 is 80.2% above this estimate
View 10-year cash flow projections
| Year | Projected FCF (Free Cash Flow) | Present Value |
|---|---|---|
| Year 1 | $9.55B | $8.19B |
| Year 2 | $11.94B | $8.77B |
| Year 3 | $14.92B | $9.40B |
| Year 4 | $18.65B | $10.08B |
| Year 5 | $23.31B | $10.80B |
| Year 6 | $29.14B | $11.57B |
| Year 7 | $36.43B | $12.40B |
| Year 8 | $45.53B | $13.29B |
| Year 9 | $56.92B | $14.24B |
| Year 10 | $71.15B | $15.26B |
| Terminal Value | $515.62B | $110.59B |
What Are MU's Key Financial Metrics?
Earnings & Growth
Current Price
$926.55
EPS (TTM)
$44.25
Forward P/E
5.9
Profit Margin
55.9%
Cash & Balance Sheet
Free Cash Flow
7.6B
EBITDA
68.2B
Book Value
$89.22
Total Debt
6.4B
What Do Analysts Say About MU?
Low
$361.00
Average
$1,513.11
High
$2,200.00
Upside
+63.3%
MU Fair Value FAQ
What is the fair value of MU?
Based on our composite model (DCF 35%, Graham 25%, PEG 25%, DDM 15%), MU's estimated fair value is $1,281.95. The stock is currently trading at $926.55, which makes it undervalued by our analysis.
How is MU's fair value calculated?
We use four valuation methods: Discounted Cash Flow (DCF), Graham Number, PEG-based Fair Value, and Dividend Discount Model (for dividend-paying stocks). The composite score weights DCF at 35%, Graham and PEG at 25% each, and DDM at 15%. When a model can't be applied, its weight is redistributed proportionally.
Is MU overvalued or undervalued?
Based on our analysis, MU is undervalued. The current price of $926.55 is 38.4% below our estimated fair value of $1,281.95.
What do Wall Street analysts say about MU?
45 analysts cover Micron Technology Inc. with a consensus rating of "Strong Buy." The average price target is $1,513.11, ranging from $361.00 to $2,200.00. This implies 63.3% upside from the current price.