Enterprise Value (EV)
Current Enterprise Value (EV)
Lam Research Corp., current enterprise value calculation
| Current share price (P) | $215.23 |
| No. shares of common stock outstanding | 1,248,771,000 |
| US$ in thousands | |
| Common equity (market value)1 | 268,772,982) |
| Add: Preferred stock, at par value of $0.001 per share; none outstanding (per books) | —) |
| Total equity | 268,772,982) |
| Add: Current portion of long-term debt and finance lease obligations (per books) | 754,311) |
| Add: Long-term debt and finance lease obligations, less current portion (per books) | 3,730,194) |
| Total equity and debt | 273,257,487) |
| Less: Cash and cash equivalents | 6,390,659) |
| Enterprise value (EV) | 266,866,828) |
Based on: 10-K (reporting date: 2025-06-29).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 215.23 × 1,248,771,000
Historical Enterprise Value (EV)
Lam Research Corp., EV calculation
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
= 102.00 × 1,265,621,000
- 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.