Micron screens cheaper than AMD on all three valuation measures provided: P/E, PEG and P/B. That makes the comparison worth a closer look, but lower multiples alone don’t show which company is the better investment.
Micron Technology and Advanced Micro Devices are both in the Information Technology sector and the Semiconductors & Semiconductor Equipment industry group. In the snapshot dated 2026-10-29, their latest adjusted closes were US$934.27 for MU and US$566.42 for AMD. The figures show a clear gap in valuation multiples, as well as differences in return on equity and dividend yield. Here’s what the snapshot tells us—and what it leaves out.
Investor takeaway: Micron has the lower P/E, PEG and P/B in this snapshot. That doesn’t prove MU is undervalued, AMD is overvalued, or either stock will deliver better returns. Multiples need to be considered alongside business prospects and risks. This snapshot doesn’t provide a full forecast or explain the assumptions behind the PEG figures.
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Micron Technology Inc
MU.US
Information Technology
$934.27
$1.11T
1D
-4.98%
1W
+9.08%
Advanced Micro Devices Inc
AMD.US
Information Technology
$566.42
$944.29B
1D
-2.08%
1W
+11.52%
Micron has the lower value on all three supplied multiples
MU’s P/E is 13.2, compared with AMD’s 147.6. Its PEG is 0.16 versus 0.56, and its P/B is 7.64 versus 13.75. These figures show that Micron has lower multiples on all three measures. They don’t prove that the market has mispriced either company.
Bull case
Micron’s lower multiples and 88.3% TTM ROE stand out in this snapshot. They help explain why the stock screens cheaper, but they aren’t enough on their own to make a case for buying it.
Bear case
Micron’s lower multiples don’t tell us how its business prospects compare with AMD’s. The snapshot doesn’t explain what drove Micron’s reported ROE or whether that performance can last. It also lacks the operating details needed to assess the risks.
The valuation snapshot
Micron has the lower multiple on all three measures provided. Its P/E is 13.2, compared with AMD’s 147.6. MU’s PEG is 0.16 versus AMD’s 0.56, and its P/B is 7.64 compared with 13.75. All three measures point to a lower multiple for Micron. That’s a comparison of the figures, not a verdict on fair value. Multiples can reflect expectations and risks that this snapshot doesn’t show.
| Measure | Micron (MU) | AMD |
|---|---|---|
| P/E | 13.2 | 147.6 |
| PEG | 0.16 | 0.56 |
| P/B | 7.64 | 13.75 |
| Dividend yield | 0.06% | 0.00% |
| ROE TTM | 88.3% | 10.2% |
For company details, see Micron’s stock page and AMD’s stock page.
What else the snapshot shows
The companies also differ on the other figures provided. Micron’s market cap is US$1112.4B, compared with AMD’s US$944.3B. MU has a 0.06% dividend yield and 88.3% TTM ROE; AMD has a 0.00% yield and 10.2% TTM ROE. These figures are a snapshot. They don’t explain the companies’ underlying performance or show whether these results will continue.
Both companies have a Strong Buy analyst consensus label in the table. The listed analyst targets are US$1,561.91 for MU and US$640.21 for AMD. These labels and targets aren’t guarantees, and they don’t settle the valuation question. The adjusted closes in the snapshot, dated 2026-10-29, were US$934.27 for MU and US$566.42 for AMD. The multiples are one part of the comparison, not proof that the stock with the lower multiples is the better value.
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