The latest data point for MU's EV/Sales ratio in Q2'26 stands at 19.44, reflecting a modest pullback from the previous quarter's peak of 20.70 in Q1'26, yet remaining within a historically elevated range indicative of sustained market valuation relative to sales. Over the period from Q3'23 to Q2'26, the EV/Sales ratio exhibited a steady upward trajectory, climbing from 19.99 to a high of 22.45 in Q3'24, signaling robust investor confidence in MU's growth prospects during that phase. However, a sharp decline ensued in Q4'24 to 15.53, followed by a volatile recovery pattern with fluctuations between 12.02 in Q1'25 and 20.70 in Q1'26, before the recent softening; this overall trend highlights periods of expansion interspersed with corrections, underscoring the semiconductor sector's sensitivity to market dynamics.