LRCX
Lam Research
PEG ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: LRCX
- PEG Ratio
As of Jul 31, 2026, LRCX's PEG ratio of 1.16 reflects its valuation relative to its growth rate. This result reflects a P/E ratio of 55.08 measured against EPS growth of 47.4%. When benchmarked against the trailing 4-quarter average of 0.69, LRCX's PEG ratio reflects a 69% increase.
LRCX PEG ratio history
Lam Research's ten years historical PEG ratio averages out to 1.26. Compared to historical data, LRCX's 1.16 PEG ratio represents a decrease of 8%. LRCX hit its maximum PEG ratio of 15.23 during the Jun 2023 quarter over the last ten years. The Dec 2018 quarter marked the lowest reading at 0.09, indicating the most attractive growth-adjusted valuation.
Lam Research PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.54 | 23.31 | 43.3% |
| 2024 | N/A | 36.59 | -12.6% |
| 2023 | 15.23 | 18.28 | 1.2% |
| 2022 | 0.65 | 13.68 | 21% |
| 2021 | 0.31 | 23.18 | 74.4% |
| 2020 | 2.34 | 19.39 | 8.3% |
| 2019 | N/A | 13.04 | -2% |
| 2018 | 0.3 | 11.88 | 40% |
| 2017 | 0.17 | 14.46 | 84.2% |
| 2016 | 0.37 | 14.44 | 39% |
| 2015 | 2.56 | 20.21 | 7.9% |
| 2014 | 0.04 | 17.62 | 442.9% |
| 2013 | N/A | 63.34 | -50% |
| 2012 | N/A | 27.11 | -76.3% |
| 2011 | 0.06 | 7.33 | 118.5% |
Lam Research PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 0.84 | 39.74 | 47.4% |
| Dec 2025 | 0.76 | 36.34 | 48% |
| Sep 2025 | 0.6 | 28.14 | 47.1% |
| Jun 2025 | 0.54 | 23.31 | 43.3% |
| Mar 2025 | 0.62 | 20.11 | 32.2% |
| Dec 2024 | 0.8 | 22.18 | 27.8% |
| Sep 2024 | 5.23 | 26.68 | 5.1% |
| Jun 2024 | N/A | 36.59 | -12.6% |
| Mar 2024 | N/A | 35.59 | -24% |
| Dec 2023 | N/A | 30.12 | -30.4% |
| Sep 2023 | N/A | 20.99 | -15.5% |
| Jun 2023 | 15.23 | 18.28 | 1.2% |
| Mar 2023 | 1.18 | 13.98 | 11.8% |
| Dec 2022 | 0.73 | 11.08 | 15.2% |
| Sep 2022 | 0.64 | 10.9 | 17.1% |
LRCX average PEG ratio chart
Measured against past performance, LRCX's PEG ratio comes in under the 3, 5 and 10-year averages.
PEG comparison
Lam Research's PEG of 1.16 is higher than the Technology sector and the industry average. In comparison with the Technology sector average of 0.74, Lam Research's PEG is 57% higher.
LRCX EPS growth
LRCX Price vs fair value
LRCX PEG vs peers
Relative to its peers, LRCX's PEG ratio is below AMAT's and KLAC's yet above ASYS's.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| ASYS Amtech Systems Inc | 0.8 | $226.33M |
| LRCX Lam Research Corp | 1.16 | $365.35B |
| AMAT Applied Materials Inc | 1.63 | $407.56B |
| KLAC KLA Corp | 1.78 | $235.78B |
| ACLS Axcelis Technologies Inc | N/A | $4.03B |
| VECO Veeco Instruments Inc | N/A | $3.08B |
Frequently asked questions
What is Lam Research's PEG ratio?
LRCX has a PEG ratio of 1.16, per Jul 31, 2026 data.
What is the 3-year average PEG ratio for Lam Research (LRCX)?
Across the past 3 years, LRCX's PEG ratio has centered around 1.34.
What is the 5-year average PEG ratio for Lam Research (LRCX)?
Across the past 5 years, LRCX's PEG ratio has centered around 1.94.
What is the highest PEG ratio for LRCX?
The Jun 2023 quarter marked the ten years high at 15.23 for LRCX's PEG ratio.
How does the current PEG ratio for LRCX compare to its historical average?
At present, LRCX's PEG ratio runs 8% lower than its 10-year historical average.
How is LRCX's PEG ratio calculated (Lam Research PEG ratio formula)?
The PEG ratio derives from taking PE and dividing by the rate at which earnings are growing (YoY TTM). As of Jul 31, 2026, Lam Research carries a PE ratio of 55.08. Earnings grew at 47.4% over the TTM period ending Mar 2026. Applying the formula, this yields a PEG ratio of 1.16. PEG RATIO(1.16) = PE RATIO(55.08) / EPS GROWTH(47.4%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.