Price to Book Value (P/BV)
since 2005
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Lam Research Corp. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Calculation
Lam Research Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 11, 2025 | = | ÷ | = | ÷ | |||||||
| Aug 29, 2024 | = | ÷ | = | ÷ | |||||||
| Aug 15, 2023 | = | ÷ | = | ÷ | |||||||
| Aug 24, 2022 | = | ÷ | = | ÷ | |||||||
| Aug 17, 2021 | = | ÷ | = | ÷ | |||||||
| Aug 18, 2020 | = | ÷ | = | ÷ | |||||||
| Aug 20, 2019 | = | ÷ | = | ÷ | |||||||
| Aug 14, 2018 | = | ÷ | = | ÷ | |||||||
| Aug 15, 2017 | = | ÷ | = | ÷ | |||||||
| Aug 17, 2016 | = | ÷ | = | ÷ | |||||||
| Aug 13, 2015 | = | ÷ | = | ÷ | |||||||
| Aug 26, 2014 | = | ÷ | = | ÷ | |||||||
| Aug 27, 2013 | = | ÷ | = | ÷ | |||||||
| Aug 22, 2012 | = | ÷ | = | ÷ | |||||||
| Aug 19, 2011 | = | ÷ | = | ÷ | |||||||
| Aug 23, 2010 | = | ÷ | = | ÷ | |||||||
| Aug 27, 2009 | = | ÷ | = | ÷ | |||||||
| Aug 28, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 31, 2008 | = | ÷ | = | ÷ | |||||||
| Aug 17, 2006 | = | ÷ | = | ÷ | |||||||
| Aug 18, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Lam Research Corp. Annual Report.
- Share Price Trend
- The share price exhibits a general upward trajectory over the observed periods, increasing from $2.93 in August 2005 to $102 by August 2025. Initial years show moderate fluctuations, including periods of stability and slight declines around 2008 and 2009, corresponding possibly with market or economic conditions at that time. From 2013 onward, the share price increases consistently, with particularly steep growth seen between 2018 and 2025, indicating strong market confidence or improved company performance during these years.
- Book Value per Share (BVPS) Trend
- BVPS shows a steady increase from $0.78 in 2005 to $7.79 in 2025. The growth in book value is relatively smooth, with no significant downward movements, though the rise slows temporarily around 2018 and 2019 before continuing its progression upwards. This upward trend reflects the accumulation of the company’s net assets relative to the number of shares outstanding, suggesting healthy retained earnings or asset growth over time.
- Price-to-Book Value Ratio (P/BV) Analysis
- The P/BV ratio begins at 3.75 in 2005, rises and falls within the first decade, reaching a low near 1.24 in 2012, which indicates that the share price was closer to the book value at that point, possibly signaling undervaluation or market skepticism. Starting around 2013, the ratio increases sharply, peaking at over 13 by 2025. This significant rise implies that the market price is growing much faster than the tangible book value, suggesting elevated investor expectations, possibly driven by anticipated future earnings growth, market position, or intangibles not captured in book value.
- Overall Financial Insights
- The company’s market valuation has significantly outpaced its book value accumulation over the two-decade period, reflecting strong market optimism and potentially robust earnings prospects. The initial years’ volatility in share price and P/BV ratio may reflect market uncertainty or strategic transformations. The steady increase in BVPS supports the conclusion of improving company fundamentals, while the rising P/BV ratio highlights increasing investor confidence or valuation multiples being accorded to the company. The combination of these trends suggests positive financial health and strong investment appeal in the more recent years.
Comparison to Competitors
Lam Research Corp., P/BV, long-term trends, comparison to competitors
| Lam Research Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 11, 2025 | |||||||||||
| Aug 29, 2024 | |||||||||||
| Aug 15, 2023 | |||||||||||
| Aug 24, 2022 | |||||||||||
| Aug 17, 2021 | |||||||||||
| Aug 18, 2020 | |||||||||||
| Aug 20, 2019 | |||||||||||
| Aug 14, 2018 | |||||||||||
| Aug 15, 2017 | |||||||||||
| Aug 17, 2016 | |||||||||||
| Aug 13, 2015 | |||||||||||
| Aug 26, 2014 | |||||||||||
| Aug 27, 2013 | |||||||||||
| Aug 22, 2012 | |||||||||||
| Aug 19, 2011 | |||||||||||
| Aug 23, 2010 | |||||||||||
| Aug 27, 2009 | |||||||||||
| Aug 28, 2008 | |||||||||||
| Mar 31, 2008 | |||||||||||
| Aug 17, 2006 | |||||||||||
| Aug 18, 2005 |
Based on: 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Lam Research Corp., P/BV, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Lam Research Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Aug 11, 2025 | ||
| Aug 29, 2024 | ||
| Aug 15, 2023 | ||
| Aug 24, 2022 | ||
| Aug 17, 2021 | ||
| Aug 18, 2020 | ||
| Aug 20, 2019 | ||
| Aug 14, 2018 | ||
| Aug 15, 2017 | ||
| Aug 17, 2016 | ||
| Aug 13, 2015 | ||
| Aug 26, 2014 | ||
| Aug 27, 2013 | ||
| Aug 22, 2012 | ||
| Aug 19, 2011 | ||
| Aug 23, 2010 | ||
| Aug 27, 2009 | ||
| Aug 28, 2008 | ||
| Mar 31, 2008 | ||
| Aug 17, 2006 | ||
| Aug 18, 2005 |
Based on: 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Industry (Information Technology)
Lam Research Corp., P/BV, long-term trends, comparison to industry (information technology)
| Lam Research Corp. | Information Technology | |
|---|---|---|
| Aug 11, 2025 | ||
| Aug 29, 2024 | ||
| Aug 15, 2023 | ||
| Aug 24, 2022 | ||
| Aug 17, 2021 | ||
| Aug 18, 2020 | ||
| Aug 20, 2019 | ||
| Aug 14, 2018 | ||
| Aug 15, 2017 | ||
| Aug 17, 2016 | ||
| Aug 13, 2015 | ||
| Aug 26, 2014 | ||
| Aug 27, 2013 | ||
| Aug 22, 2012 | ||
| Aug 19, 2011 | ||
| Aug 23, 2010 | ||
| Aug 27, 2009 | ||
| Aug 28, 2008 | ||
| Mar 31, 2008 | ||
| Aug 17, 2006 | ||
| Aug 18, 2005 |
Based on: 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).