$Micron Technology(MU)$ MU next quarter earning per share 1.71. so P/E ratio based on price 91 $ is 54 which is same as NVDA currently. MU current quarter 1.13 to 1.18 with stock price at 91, it is 83 PE. now popular prediction of 120 or 140 that is 70 PE ratio and 80 PE ratio with earnings 1.71 per share.

If MU is considered as commodity company PE should be around 33 at best that should put MU at 56$.

If MU is considered as growth company then probably 100 PE ratio would give 171$.

Assume MU is like Tesla so PE of TSLA is 67 then MU should be 114.

It all depends what investor think of MU.

MU has only one hype in their chest which is HBM3E and they are not alone in the space and faces stiff competition from Korean rivals. Currently 96gb for 106004$ which is a lot and will come down significantly.

DELL pe ratio is 20 if you put MU in that category then MU should be 34$. MU is sure better technological company than assembly unit.