Wow. $MU just fell under $900 per share MU is expected to generate $176.55 of EPS this year and trades at 5.09 times earnings. The Consensus EPS estimates on the street are the following: 2027: 176.55 2028: 206.89 2029: 203.33 2030: 138.96 2031: 69.16 2032: 53.60 2033: 41.44 2034: 31.63 Over the next 8 years the street expects eps to peak in 2028 then sequentially decline. Hypothetically if this happens $MU would generate $921.56 of EPS which is more than 100% of the share price. I will say that this seems like a ridiculous valuation and if the analyst community is wrong about when EPS peaks MU is going to look even cheaper than it already is.
View on X ↗