Understanding Micron Technology Inc (NAS:MU) - Statistical analysis best valuation ratios

This post is a complementary post of Understanding Micron Technology Inc (NAS:MU), make sure to go and see it. 


Here I'm just going to post the variables that I have available to quickly discern what historical data have correlated the best with prices of Micron, the objective is to dig in better on the financial statements, not to predict in any way or form since pass events are not necessarily good indicators of future price movements, "correlation does not imply causation" nothing supplements critical thinking. 

Valuation Ratios Correlations rank
PE Ratio -0.02948 13
Price-to-Owner-Earnings 0.045348 10
PB Ratio 0.322649 4
Price-to-Tangible-Book 0.332873 3
Price-to-Free-Cash-Flow 0.032263 11
Price-to-Operating-Cash-Flow 0.049925 9
PS Ratio 0.358271 1
PEG Ratio 0.124188 8
EV-to-Revenue 0.338189 2
EV-to-EBITDA -0.00694 12
EV-to-EBIT -0.05721 14
Earnings Yield (Joel Greenblatt) % 0.309885 5
Forward Rate of Return (Yacktman) % 0.269556 7
Shiller PE Ratio 0.26993 6
Dividend Yield % -0.24374 15



As you can see from the chart bellow do track value in micron stock very well, except for lately. 
Suggesting that the best way to value micron is at a Price to sales ratio.

 "During the past 13 years, Micron Technology Inc's highest P/S Ratio was 2.83. The lowest was 0.25. And the median was 1.33.
Micron Technology Inc's Revenue per Share for the three months ended in Feb. 2019 was USD 5.11. Its Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2019 was USD25.10. " - gurufocus









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