Want to find your lens? Five questions, no jargon — they tell you which of four reads fits how you already think.
We can't give an honest read on this one right now.
Our model values a company on the cash it can hand its owners after paying for its own growth. For Micron that number is not something we can compute today — so rather than estimate around the gap, we are leaving it blank until the next filings close it.
Why not
- Caution: What is missingMicron’s newest annual filing covers the year to August 2025, and the memory business it describes is not the one trading today: free cash flow was $1.7B in that year against roughly $26B across the four quarters since. Our fair value is built from typical free cash flow over five years, and one extraordinary year inside a cycle that produced $8.5B in 2018 and a $6.1B outflow in 2023 reads as a spike rather than a new level — deliberately, because that is usually what it is. Two or three more years near this one would move that five-year middle, which on Micron’s filing calendar means the 2028 annual report; the read returns on its own then. Until it does, any fair value we published would rest on a base the company has already left far behind.
Why show the page at all. Because the alternative is a number we don't believe. Every other company on TickerMath gets a fair value computed from its SEC filings; this one gets a plain explanation instead, which is the same promise kept a different way. This one is expected to change: we re-test every company against its new filings, and the read appears here as soon as the figures support it.
TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →