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LRCX Lam Research PE ratio, current and historical analysis

The current PE ratio for Lam Research stock as of Jun 12, 2024 is 37.95. This is calculated based on the TTM EPS of $27.34 and the stock price of $1,037.63 per share. The PE ratio marks an increase of 45% from its last 4 quarters average of 26.2.

LRCX PE ratio history

How has LRCX's PE ratio performed in the past

The average historical PE ratio of Lam Research for the last ten years is 17.23. The current P/E ratio of 37.95 is 120% higher than the historical average. Looking back at the last ten years, LRCX's PE ratio peaked in the Mar 2024 quarter at 35.54, when the price was $971.57 and the EPS was $27.34. The lowest point was in the Dec 2018 quarter, when it reached 6.98 with a price of $127.16 and an EPS of $18.23.

Average
17.23
Median
17
Minimum
6.98
Maximum
35.54

Lam Research PE ratio by year

Maximum annual increase: 48.81% in 2020

Maximum annual decrease: -73.66% in 2014

Year PE ratio Change
2023 18.28 33.63%
2022 13.68 -40.93%
2021 23.16 19.07%
2020 19.45 48.81%
2019 13.07 10.2%
2018 11.86 -18.21%
2017 14.5 1.33%
2016 14.31 -29.02%
2015 20.16 15.66%
2014 17.43 -73.66%

LRCX average PE ratio chart

What is the average PE ratio of LRCX for the past years

LRCX's current PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
19.74
5-year avg
19.47
10-year avg
17.23
15-year avg
21.94

LRCX PE vs peers

What is LRCX's PE ratio compared to its peers

In comparison to its peer KLAC, LRCX's PE ratio is lower, but it is higher than AMAT's and ACLS's.

Stock name PE ratio Market cap
ACLS Axcelis Technologies Inc 18.48 $4.59B
AMAT Applied Materials Inc 27.08 $196.63B
LRCX Lam Research Corp 38 $135.81B
KLAC Kla Corp 43.19 $111.71B
VECO Veeco Instruments Inc N/A $2.64B
ASYS Amtech Systems Inc N/A $84.12M

Frequently asked questions

What is Lam Research's PE ratio?

The price to earnings ratio for LRCX stock as of Jun 12, 2024, stands at 37.95.

What is the 3-year average PE ratio for Lam Research (LRCX)?

The average PE ratio for LRCX stock over the past 3 years is 19.74.

What is the 5-year average PE ratio for Lam Research (LRCX)?

The average PE ratio for LRCX stock over the past 5 years is 19.47.

What is the highest PE ratio for LRCX?

Within the last ten years, the current PE ratio is at its peak with a value of 37.95.

How does the current PE ratio for LRCX compare to its historical average?

The current PE ratio of LRCX is 120% higher than the 10-year historical average.

How is LRCX's PE ratio calculated (Lam Research PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 12, 2024), Lam Research's share price is $1,037.63. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $27.34. Therefore, Lam Research's PE ratio for today is 37.95. PE RATIO(37.95) = STOCK PRICE($1,037.63) / TTM EPS($27.34)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.