LRCXLam Research

$324.28

Is the price fair?

What LRCX's price assumes

Lam Research trades at 56.3× earnings against 51.5× for the median Semiconductor Equipment & Materials name, more expensive than its own group.

56.3

Trailing P/E · Semiconductor Equipment & Materials median 51.5 · 1.09× the median: the market pays up for this one

Price / sales
12.3

Price / sales · as of 2026-Q1

Free cash flow yield
1.0%

Free cash flow yield · Semiconductor Equipment & Materials median 1.2%

Growth the price implies
+27%

Growth the price implies · The price pays for +27% free cash flow growth a year for a decade; the business has delivered +1.5% a year over the last three.

Details
Price / book2026-Q1
25.1
Technology median P/E365 names
36.5
Semiconductor Equipment & Materials median P/E23 names
51.5
Free cash flow, trailing twelve months
$4.89B
Market capitalisation
$486.5B
3-year revenue growth
+10%
3-year free cash flow growth
+1.5%

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.