LRCX Lam Research PE ratio, current and historical analysis
The current PE ratio for Lam Research stock as of Feb 21, 2025 is 25.99. This is calculated based on the TTM EPS of $3.31 and the stock price of $86.02 per share. The PE ratio marks a decrease of 14% from its last 4 quarters average of 30.3.
LRCX PE ratio history
The average historical PE ratio of Lam Research for the last ten years is 17.99. The current P/E ratio of 25.99 is 44% higher than the historical average. Looking back at the last ten years, LRCX's PE ratio peaked in the Jun 2024 quarter at 36.59, when the price was $106.49 and the EPS was $2.91. The lowest point was in the Dec 2018 quarter, when it reached 6.99 with a price of $12.72 and an EPS of $1.82.
Lam Research PE ratio by year
Maximum annual increase: 269.85% in 2012
Maximum annual decrease: -72.18% in 2014
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 36.59 | 100.16% | $106.49 | $2.91 |
| 2023 | 18.28 | 33.63% | $60.88 | $3.33 |
| 2022 | 13.68 | -40.98% | $45.02 | $3.29 |
| 2021 | 23.18 | 19.55% | $63.04 | $2.72 |
| 2020 | 19.39 | 48.7% | $30.25 | $1.56 |
| 2019 | 13.04 | 9.76% | $18.78 | $1.44 |
| 2018 | 11.88 | -17.84% | $17.47 | $1.47 |
| 2017 | 14.46 | 1.9% | $15.18 | $1.05 |
| 2016 | 14.19 | -29.79% | $8.23 | $0.58 |
| 2015 | 20.21 | 14.7% | $8.29 | $0.41 |
| 2014 | 17.62 | -72.18% | $6.7 | $0.38 |
| 2013 | 63.34 | 133.64% | $4.43 | $0.07 |
| 2012 | 27.11 | 269.85% | $3.8 | $0.14 |
| 2011 | 7.33 | -50.84% | $4.32 | $0.59 |
| 2010 | 14.91 | N/A | $4.03 | $0.27 |
Lam Research PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 22.18 | -16.87% | $73.4 | $3.31 |
| Sep 2024 | 26.68 | -27.08% | $82.71 | $3.1 |
| Jun 2024 | 36.59 | 2.81% | $106.49 | $2.91 |
| Mar 2024 | 35.59 | 18.63% | $97.16 | $2.73 |
| Dec 2023 | 30 | 43.4% | $78 | $2.6 |
| Sep 2023 | 20.92 | 14.44% | $61.91 | $2.96 |
| Jun 2023 | 18.28 | 31.04% | $60.88 | $3.33 |
| Mar 2023 | 13.95 | 26.24% | $50.21 | $3.6 |
| Dec 2022 | 11.05 | 1.66% | $41.21 | $3.73 |
| Sep 2022 | 10.87 | -20.54% | $38.06 | $3.5 |
| Jun 2022 | 13.68 | -20.6% | $45.02 | $3.29 |
| Mar 2022 | 17.23 | -20.12% | $55.48 | $3.22 |
| Dec 2021 | 21.57 | 5.32% | $69.87 | $3.24 |
| Sep 2021 | 20.48 | -11.65% | $61.25 | $2.99 |
| Jun 2021 | 23.18 | -4.77% | $63.04 | $2.72 |
LRCX average PE ratio chart
LRCX's current PE ratio is higher than the 3, 5 and 10-year averages.
LRCX PE vs peers
In comparison to its peers KLAC and ASYS, LRCX's PE ratio is lower, but it is higher than AMAT's and ACLS's. Lam Research's PE ratio is trading below the peer average of 29.48.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ACLS Axcelis Technologies Inc | 9.28 | $2.05B |
| VECO Veeco Instruments Inc | 18.88 | $1.43B |
| AMAT Applied Materials Inc | 22.31 | $139.72B |
| LRCX Lam Research Corp | 25.99 | $110.42B |
| KLAC Kla Corp | 31.56 | $100.24B |
| ASYS Amtech Systems Inc | 65.38 | $74.73M |
Frequently asked questions
What is Lam Research's PE ratio?
The price to earnings ratio for LRCX stock as of Feb 21, 2025, stands at 25.99.
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 21.42.
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 21.23.
What is the highest PE ratio for LRCX?
Over the last ten years, the quarterly PE ratio reached its highest level at 36.59 in the Jun 2024 quarter.
How does the current PE ratio for LRCX compare to its historical average?
The current PE ratio of LRCX is 44% 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 (Feb 21, 2025), Lam Research's share price is $86.02. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $3.31. Therefore, Lam Research's PE ratio for today is 25.99. PE RATIO(25.99) = STOCK PRICE($86.02) / TTM EPS($3.31)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.