LRCX Lam Research PE ratio, current and historical analysis
The current PE ratio for Lam Research stock as of Nov 21, 2024 is 23.59. This is calculated based on the TTM EPS of $3.1 and the stock price of $73.13 per share. The PE ratio marks a decrease of 27% from its last 4 quarters average of 32.2.
LRCX PE ratio history
The average historical PE ratio of Lam Research for the last ten years is 17.9. The current P/E ratio of 23.59 is 32% 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: 100.16% in 2024
Maximum annual decrease: -40.98% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 36.59 | 100.16% |
| 2023 | 18.28 | 33.63% |
| 2022 | 13.68 | -40.98% |
| 2021 | 23.18 | 19.55% |
| 2020 | 19.39 | 48.7% |
| 2019 | 13.04 | 9.76% |
| 2018 | 11.88 | -17.84% |
| 2017 | 14.46 | 1.9% |
| 2016 | 14.19 | -29.79% |
| 2015 | 20.21 | 14.7% |
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 peer KLAC, LRCX's PE ratio is lower, but it is higher than AMAT's and ACLS's. Lam Research's PE ratio is trading above the peer average of 19.29.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ACLS Axcelis Technologies Inc | 10.78 | $2.38B |
| VECO Veeco Instruments Inc | 18.05 | $1.51B |
| AMAT Applied Materials Inc | 19.59 | $144.89B |
| LRCX Lam Research Corp | 23.59 | $94.1B |
| KLAC Kla Corp | 28.75 | $84.69B |
| ASYS Amtech Systems Inc | N/A | $81.19M |
Frequently asked questions
What is Lam Research's PE ratio?
The price to earnings ratio for LRCX stock as of Nov 21, 2024, stands at 23.59.
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 21.36.
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 21.15.
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 32% 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 (Nov 21, 2024), Lam Research's share price is $73.13. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $3.1. Therefore, Lam Research's PE ratio for today is 23.59. PE RATIO(23.59) = STOCK PRICE($73.13) / TTM EPS($3.1)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.