Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

Price to Earnings (P/E) 
since 2005

Microsoft Excel

Calculation

Lam Research Corp., P/E, long-term trends, calculation

Microsoft Excel

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.


The analysis of the financial data reveals several notable trends in the share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the evaluated periods.

Share Price
The share price shows a general upward trend from US$2.93 in August 2005 to US$102 in August 2025. Initial fluctuations occurred between 2005 and 2009 where the share price ranged from approximately US$2.93 to US$3.82, with some volatility and a low of US$3.06 in 2009. From 2013 onwards, a more pronounced increase is observed, with the price moving from US$4.64 to US$102 over the last recorded period. This substantial rise in share price indicates strong investor confidence and potential growth in the company's valuation over time.
Earnings Per Share (EPS)
EPS figures display variability with an overall upward trajectory. Starting at US$0.22 in August 2005, EPS peaks at values above US$3.0 in recent years, reaching US$4.23 in 2025, with a minor dip to US$2.95 in 2024. The negative EPS recorded in 2009 (-US$0.24) suggests a loss during that period, aligning with the economic downturn experienced globally. After this period, EPS generally increases, reflecting improved profitability. The consistency in growth from roughly 2014 onwards implies increased operational efficiency and profitability for the company.
Price-to-Earnings (P/E) Ratio
The P/E ratio exhibits significant fluctuations reflecting changes in the market's valuation of the company's earnings. Early years show moderate ratios hovering around the teens and a notable low ratio of 6.16 in 2011, indicating potential undervaluation or market skepticism. An extremely high ratio occurs in 2012 and 2013 (37.82 and 66.48 respectively), which may point to overvaluation or expectations of future growth not yet realized in earnings. Subsequently, the P/E ratio moderates, oscillating mostly between 11 and 27. The recent years record ratios around 24 to 27, indicative of relatively higher valuation multiples maintained by the market.

In summary, the data indicates a mature company experiencing long-term growth in share price and earnings, punctuated by periods of volatility and market reassessment. The negative EPS in 2009 and subsequent recovery highlights resilience following economic challenges, while the fluctuations in the P/E ratio suggest varying investor sentiment reflecting market conditions and company performance expectations.


Comparison to Competitors

Lam Research Corp., P/E, long-term trends, comparison to competitors

Microsoft Excel

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/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

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/E, long-term trends, comparison to industry (information technology)

Microsoft Excel

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).