Start with its own history
At 32.76×, LRCX is 33.6% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · LRCXSemiconductorsUpdated Nov 5, 2026
Lam Research Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
32.76×
33.6% abovethe 10-year annual average
Share price221.43
÷Earnings per share6.76
Price and EPS in quote currency. Calculation details
Investors are paying 32.76 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 24.51×
3-year average43.59×3 positive annual observations
5-year average32.61×5 positive annual observations
10-year average24.51×10 positive annual observations
Peer median · TTM35.36×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jun 28, 2026 | 70.97× | +204.0% |
| Jun 29, 2025 | 23.34× | -36.0% |
| Jun 30, 2024 | 36.45× | +95.7% |
| Jun 25, 2023 | 18.63× | +36.2% |
| Jun 26, 2022 | 13.67× | -42.5% |
| Jun 27, 2021 | 23.79× | +20.3% |
| Jun 28, 2020 | 19.78× | +48.9% |
| Jun 30, 2019 | 13.28× | +12.9% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2018 | 11.76× | -12.7% |
| Jun 30, 2017 | 13.47× | -7.1% |
| Jun 30, 2016 | 14.50× | -27.0% |
| Jun 30, 2015 | 19.85× | +11.6% |
| Jun 30, 2014 | 17.79× | -73.0% |
| Jun 30, 2013 | 65.97× | +145.0% |
| Jun 30, 2012 | 26.93× | +258.6% |
| Jun 30, 2011 | 7.51× | -46.8% |
| Jun 30, 2010 | 14.11× | N/M |
| Jun 30, 2009 | N/M | N/M |
| Jun 30, 2008 | 10.31× | -1.7% |
| Jun 30, 2007 | 10.49× | -46.1% |
| Jun 30, 2006 | 19.46× | +47.6% |
| Jun 30, 2005 | 13.18× | -71.0% |
| Jun 30, 2004 | 45.42× | N/M |
| Jun 30, 2003 | N/M | N/M |
| Jun 30, 2002 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How LRCX compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 LRCX This stockLam Research Corporation | 32.76× |
 AMATApplied Materials, Inc. | 31.65× |
 TELWYTokyo Electron Limited | 7.55× |
 ASMLASML Holding N.V. | 38.20× |
 KLACKLA Corporation | 37.23× |
 VECOVeeco Instruments Inc. | 85.09× |
 ACMRACM Research, Inc. | 19.75× |
 ASMXFASM International N.V. | 33.49× |
 002371.SZNAURA Technology Group Co., Ltd. | 71.49× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does LRCX’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 35.36×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take LRCX into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("LRCX", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 221.43 ÷ EPS 6.76 = 32.76×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
LRCX P/E ratio: common questions
The essentials behind the numbers.
Lam Research Corporation's current P/E is 32.76× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.