Valuation
26% of the score
40median 53
Lam Research is valued at 29.4x its operating profit, including debt: a rich multiple.
60x
50x
35x
25x
18x
12x
8x
29.4x
Full points at 8x or less, none from 60xfull points
LRCXLam Research
$230.28+62% 1Y
$230.28
$139.1052 weeks$434.22
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 69 out of 100, Above average
Today's price. Only valuation depends on it.
Above average. Lam Research scores higher than 75% of the 2,231 companies Ryufin scores.
Carried by return on capital and capital allocation, held back by valuation and earnings quality.
Technology median 46 · all companies 55
How the score has moved
At each fiscal year end, from the reports and price of the time81
86
86
74
78
60
69
202120222023202420252026today
The biggest move was down 18 points from 2025 to 2026, mostly valuation.
Return on capital
18% of the score
100median 24
Over 7 years the business earned 52% a year after tax on the capital it uses.
2%
8%
15%
25%
52%
None at 2% or less, full points from 25%full points
7 years agolatest 68%
Return on new capital
16% of the score
72median 33
For every dollar of operating profit earned over 6 years, yearly profit grew by 7 cents. New capital earned 92%, and 8% of profit went back into the business.
-5%
12%
7.3%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
97median 63
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 2.8% a year over 5 years: buybacks
975%
-3%
-2.8%
0 pointsfull points
Assets against salesAssets grew 8.2% a year, sales 9.7%
9712%
-2%
-1.5%
0 pointsfull points
Cycle position
12% of the score
46median 63
Today's operating margin of 37% is 1.24x its normal 30%: above its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1.2x
A trough earns points, a peak costs themfull points
10 years agonow 37%
Balance sheet
8% of the score
100median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDAMore cash than debt
100Interest coverOperating profit covers interest 64x
1001.5x
12x
63.9x
0 pointsfull points
Earnings quality
6% of the score
29median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.01x profit over 3 years
620.7x
1x
1.3x
1x
0 pointsfull points
AccrualsProfit ran ahead of cash by 6.3% of assets
138%
0%
-8%
6.3%
0 pointsfull points
Beneish M-score-1.68, above the usual warning line
13-1.50
-1.78
-2.22
-3.00
-1.68
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-09-27, latest annual report FY2026.
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