The current PE ratio for Lam Research stock as of May 13, 2024 is 33.06. This is calculated based on the TTM EPS of $27.34 and the stock price of $903.79 per share. The PE ratio marks an increase of 26% from its last 4 quarters average of 26.2.
The average historical PE ratio of Lam Research for the last ten years is 17.23. The current P/E ratio of 33.06 is 92% 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.
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's current PE ratio is higher than the 3, 5 and 10-year averages.
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 | 14.65 | $3.64B |
| AMAT Applied Materials Inc | 24.14 | $171.69B |
| LRCX Lam Research Corp | 33.06 | $118.16B |
| KLAC Kla Corp | 37.18 | $96.15B |
| VECO Veeco Instruments Inc | N/A | $2.14B |
| ASYS Amtech Systems Inc | N/A | $75.59M |
The price to earnings ratio for LRCX stock as of May 13, 2024, stands at 33.06.
The average PE ratio for LRCX stock over the past 3 years is 19.74.
The average PE ratio for LRCX stock over the past 5 years is 19.47.
Over the last ten years, the quarterly PE ratio reached its highest level at 35.54 in the Mar 2024 quarter.
The current PE ratio of LRCX is 92% higher than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 13, 2024), Lam Research's share price is $903.79. 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 33.06. PE RATIO(33.06) = STOCK PRICE($903.79) / TTM EPS($27.34)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.