Advanced Micro Devices Inc (AMD) is overvalued and Micron Technology Inc (MU) is overvalued.
Both trade above our estimate of their intrinsic value. MU is the closer of the two: -20%, against -136% for AMD.
Values as of the 22 Sept 2026 close.
A 10.4x revenue multiple, adjusted for growth and margin, values the shares at $264.56; the price of $623.77 is 136% above that value.
Leak Score 48/100 on 10 of 12 signals
A 11.4x revenue multiple, adjusted for growth and margin, values the shares at $910.54; the price of $1096.16 is 20% above that value.
Leak Score 46/100 on 10 of 12 signals
| Metric | AMD | MU |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $623.77 | $1096.16 |
| Intrinsic value | $264.56 | $910.54 |
| Margin of safety | -136% | -20% |
| Leak Score | 48/100 (10/12) | 46/100 (10/12) |
| Market cap | $1.02T | $1.24T |
| Revenue growth, 5 years | 28.8% | 11.8% |
| Operating margin | 15.7% | 65.8% |
| Net margin | 15.6% | 55.9% |
| Return on equity | 10.2% | 66.6% |
| Debt to equity | 0.06 | 0.06 |
| P/E | 160.1x | 24.8x |
| Forward P/E | 39.3x | 7.0x |
| P/B | 15.1x | 12.3x |
| Dividend yield | — | 0.1% |