Micron Technology Inc (MU) is undervalued and Texas Instruments Inc (TXN) is overvalued.
Against our estimates of intrinsic value, MU trades at the wider discount: a margin of safety of +40%, against -43% for TXN.
Values as of the 19 Oct 2026 close.
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $1,498.88; the price of $904.90 is 40% below that value.
Leak Score 86/100 on 12 of 12 signals
A 9.6x revenue multiple, adjusted for growth and margin, values the shares at $193.18; the price of $276.15 is 43% above that value.
Leak Score 42/100 on 11 of 12 signals
| Metric | MU | TXN |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $904.90 | $276.15 |
| Intrinsic value | $1498.88 | $193.18 |
| Margin of safety | +40% | -43% |
| Leak Score | 86/100 (12/12) | 42/100 (11/12) |
| Market cap | $1.02T | $252.2B |
| Revenue growth, 5 years | 36.9% | 4.1% |
| Operating margin | 75.0% | 38.1% |
| Net margin | 63.8% | 30.9% |
| Return on equity | 88.3% | 35.0% |
| Debt to equity | 0.04 | 0.78 |
| P/E | 12.2x | 42.0x |
| Forward P/E | 4.3x | 26.6x |
| P/B | 7.4x | 14.0x |
| Dividend yield | 0.1% | 2.1% |