Micron Technology, Inc. MU
- Market cap
- $1.25T
- P/E
- 24.0×
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Micron Technology, Inc. (MU) Altman Z-score
Micron Technology, Inc.'s Altman Z-score for fiscal 2025 is 4.70, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.70 | 0.56 |
| FY2024 | 4.14 | 0.71 |
| FY2023 | 3.42 | (1.08) |
| FY2022 | 4.51 | (0.84) |
| FY2021 | 5.35 | 1.58 |
| FY2020 | 3.77 | (0.83) |
| FY2019 | 4.60 | (1.87) |
| FY2018 | 6.47 | 3.38 |
| FY2017 | 3.09 | 1.44 |
| FY2016 | 1.64 | (0.96) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.21 | — | 0.25 | |
| Retained earnings / total assets | 0.59 | — | 0.82 | |
| EBIT / total assets | 0.12 | — | 0.39 | |
| Market value of equity / total liabilities | 4.64 | — | 2.78 | |
| Sales / total assets | 0.45 | — | 0.45 | |
| Altman Z-score | Safe zone | 4.70 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.07 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| NVDA NVIDIA Corporation compare | 61.1× |
| ARM ARM Holdings PLC Sponsored ADR compare | 41.7× |
| AMD Advanced Micro Devices, Inc. compare | 16.0× |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. compare | 14.2× |
| AVGO Broadcom Inc. compare | 12.7× |
| TXN Texas Instruments Incorporated compare | 8.7× |
| MRVL Marvell Technology, Inc. compare | 5.9× |
| MU Micron Technology, Inc. | 4.7× |
| INTC Intel Corporation compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on MU
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement