Lam Research (LRCX) valuation
Lam Research P/E ratio history
Lam Research trades at 35.6 times its earnings over the last twelve months and 23.3 times the earnings analysts expect over the next twelve. At its last 10 fiscal year ends its P/E ranged from 13.3 (year to Jun 2018) to 65.8 (year to Jun 2026), with a median of 19.2.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Jun 28, 2026 | $379.09 | $5.76 | 65.8 | — |
| Jun 29, 2025 | $97.20 | $4.15 | 23.4 | 24.2 |
| Jun 30, 2024 | $106.48 | $2.90 | 36.7 | 31.0 |
| Jun 25, 2023 | $60.88 | $3.32 | 18.3 | 22.9 |
| Jun 26, 2022 | $45.02 | $3.27 | 13.8 | 12.4 |
| Jun 27, 2021 | $63.04 | $2.69 | 23.4 | — |
| Jun 28, 2020 | $30.25 | $1.51 | 20.0 | — |
| Jun 30, 2019 | $18.78 | $1.37 | 13.7 | — |
| Jun 24, 2018 | $17.47 | $1.32 | 13.3 | — |
| Jun 25, 2017 | $15.18 | $0.92 | 16.4 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Lam Research valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Lam ResearchLRCX | $299B | 35.6 | 23.3 | 11.5 |
| Applied MaterialsAMAT | $310B | 33.7 | 22.9 | 10.0 |
| Dell TechnologiesDELL | $275B | 24.7 | 15.1 | 1.8 |
| GE VernovaGEV | $228B | 22.6 | 36.8 | 5.2 |
| Arm HoldingsARM | $219B | 210.2 | 84.4 | 42.5 |
| CiscoCSCO | $412B | 31.4 | 20.3 | 6.5 |
| Arista NetworksANET | $213B | 53.4 | 36.2 | 20.2 |
| KLAKLAC | $206B | 39.6 | 26.2 | 14.2 |
| Marvell TechnologyMRVL | $172B | 65.0 | 34.0 | 18.2 |
| Peer median | 36.6 | 30.1 | 12.1 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: LRCX financials · LRCX returns
No forecast, no recommendation. This page describes Lam Research from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.