STOCKS | Deep Value Memetics Says Micron Shows Unusual Valuation Pattern as EPS Rises

Deep Value Memetics said Micron Technology may be showing an atypical semiconductor valuation structure, with earnings per share rising while the market’s valuation multiple also expands. According to Odaily, the account said Micron is trading at about 22 times price-to-earnings, below the S&P 500’s average of about 22 times and also below the semiconductor index’s roughly 26 times. It added that in past cycles, analysts typically assigned lower valuation multiples when earnings were peaking. Deep Value Memetics said that as a “de-risking” process advances, a “show-me” narrative is shifting, and the market may be entering a phase in which higher EPS coincides with multiple expansion. The post said this could result in an exponential re-rating. It also stated that if EPS reaches $200 and the stock is valued at 20 times earnings, Micron’s share price could point to about $4,000.