LRCX
Lam Research
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: LRCX
- PE Ratio
The current PE ratio for Lam Research stock as of Jun 12, 2026 is 68.95. This is calculated based on the TTM EPS of $5.32 and the stock price of $366.81 per share. The PE ratio marks an increase of 116% from its last 4 quarters average of 31.9.
LRCX PE ratio history
The average historical PE ratio of Lam Research for the last ten years is 19.73. The current P/E ratio of 68.95 is 249% higher than the historical average. Looking back at the last ten years, LRCX's PE ratio peaked in the Mar 2026 quarter at 39.74, when the price was $211.41 and the EPS was $5.32. 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 |
|---|---|---|---|---|
| 2025 | 23.31 | -36.29% | $97.2 | $4.17 |
| 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 | 0.14% | $15.18 | $1.05 |
| 2016 | 14.44 | -28.55% | $8.23 | $0.57 |
| 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 |
Lam Research PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 39.74 | 9.36% | $211.41 | $5.32 |
| Dec 2025 | 36.34 | 29.14% | $178.07 | $4.9 |
| Sep 2025 | 28.14 | 20.72% | $128.33 | $4.56 |
| Jun 2025 | 23.31 | 15.91% | $97.2 | $4.17 |
| Mar 2025 | 20.11 | -9.33% | $72.61 | $3.61 |
| 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 | 18.16% | $97.16 | $2.73 |
| Dec 2023 | 30.12 | 43.5% | $78 | $2.59 |
| Sep 2023 | 20.99 | 14.82% | $61.91 | $2.95 |
| Jun 2023 | 18.28 | 30.76% | $60.88 | $3.33 |
| Mar 2023 | 13.98 | 26.17% | $50.21 | $3.59 |
| Dec 2022 | 11.08 | 1.65% | $41.21 | $3.72 |
| Sep 2022 | 10.9 | -20.32% | $38.06 | $3.49 |
LRCX Price vs fair value
LRCX average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
LRCX's current PE ratio is higher than the 3, 5 and 10-year averages.
PE comparison
Lam Research's price to earnings (P/E) of 68.95 is higher than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 36.55, Lam Research's price to earnings (P/E) is 89% higher.
LRCX PE vs peers
In comparison to its peers VECO and ASYS, LRCX's PE ratio is lower, but it is higher than AMAT's and KLAC's. Lam Research's PE ratio is trading above the peer average of 62.31.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AMAT Applied Materials Inc | 53.01 | $450.37B |
| ACLS Axcelis Technologies Inc | 55.76 | $5.54B |
| LRCX Lam Research Corp | 68.95 | $458.72B |
| KLAC Kla Corp | 71.7 | $332.5B |
| ASYS Amtech Systems Inc | 133.28 | $347.83M |
| VECO Veeco Instruments Inc | 198.67 | $4.73B |
Frequently asked questions
What is Lam Research's PE ratio?
The price to earnings ratio for LRCX stock as of Jun 12, 2026, stands at 68.95.
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 28.17.
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 23.52.
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 68.95.
How does the current PE ratio for LRCX compare to its historical average?
The current PE ratio of LRCX is 249% 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, 2026), Lam Research's share price is $366.81. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $5.32. Therefore, Lam Research's PE ratio for today is 68.95. PE RATIO(68.95) = STOCK PRICE($366.81) / TTM EPS($5.32)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.