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As of Q1'26 (2025-11-27), MU's EV/Sales ratio stands at 20.7, reflecting a significant recovery from the recent low of 12.0 observed in Q1'25. This latest figure indicates a strong rebound in the company's valuation relative to its sales. Over the period from Q2'23 to Q1'26, the EV/Sales ratio for MU initially trended upward, peaking at 22.4 in Q3'24 before experiencing a sharp decline to 12.0 by Q1'25. Following this trough, the ratio steadily recovered, climbing back above 20 by Q1'26. This pattern suggests a period of volatility, with a notable correction followed by renewed investor confidence and valuation expansion.