Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Lam Research Corp., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Preferred stock, at par value of $0.001 per share; none outstanding (per books)
Total equity
Add: Current portion of long-term debt and finance lease obligations (per books)
Add: Long-term debt and finance lease obligations, less current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-06-29).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Lam Research Corp., EV calculation

Microsoft Excel
Jun 29, 2025 Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Preferred stock, at par value of $0.001 per share; none outstanding (book value)
Total equity
Add: Current portion of long-term debt and finance lease obligations (book value)
Add: Long-term debt and finance lease obligations, less current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Lam Research Corp. Annual Report.

3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Common Equity (Market Value) and Total Equity
The common equity, which is equal to total equity in this data, shows an overall upward trend from 2020 to 2025. Starting at approximately $54.6 billion in mid-2020, it rises sharply to about $82.2 billion in 2021. There is a noticeable decline in 2022 to around $63.4 billion, followed by significant growth in subsequent years, reaching approximately $129.1 billion by mid-2025. This trend indicates an overall increase in shareholder value over the analyzed period, despite a temporary decrease in 2022.
Total Equity and Debt
Total equity and debt also follow a similar pattern to total equity alone, suggesting that the company's financing structure may heavily lean towards equity. The figure starts at about $60.4 billion in 2020, grows to nearly $87.2 billion in 2021, decreases to $68.4 billion in 2022, and then progressively increases to approximately $133.6 billion by 2025. The fluctuation and recovery imply periods of changes in debt or equity funding, with a strong upward momentum in later years.
Enterprise Value (EV)
Enterprise value trends closely mirror total equity and debt, indicating that market valuation correlates well with the company's capital structure changes. Beginning at $55.4 billion in 2020, EV peaks near $82.8 billion in 2021 before dropping to about $64.9 billion in 2022. After the decline, a steady increase is observed, ending at approximately $127.2 billion by 2025. This pattern reflects market reassessment aligned with the equity and debt fluctuations, signifying investor confidence growth after the temporary decline period.
Overall Insights
The data reflects a volatile but generally positive growth trajectory for the company over the six-year span. A notable dip across all measures in 2022 suggests a challenging year possibly due to broader market or company-specific factors. However, subsequent recovery and growth are strong and consistent through to 2025. The close alignment between total equity, total equity plus debt, and enterprise value suggests a stable financial structure with market valuation closely tracking changes in capital components. This indicates resilience and an improving financial position in the medium term.