The latest data point for MU's P/S Ratio in Q2'26 stands at 19.59, marking a substantial surge from the previous quarter's value of 6.61 in Q1'26 and reflecting heightened market valuation relative to sales. Over the period from Q3'23 to Q2'26, the P/S Ratio exhibited an initial upward trend, climbing steadily from 3.88 to a peak of 6.86 in Q3'24, before experiencing volatility with a decline to a low of 3.34 in Q1'25. Subsequent recovery led to renewed growth, culminating in the sharp increase in Q2'26, indicating potential optimism around future revenue prospects amid broader semiconductor market dynamics.