Is the price fair?
What LRCX's price assumes
Lam Research trades at 54.6× earnings against 50.3× for the median Semiconductor Equipment & Materials name, more expensive than its own group.
54.6
Trailing P/E · Semiconductor Equipment & Materials median 50.3 · 1.09× the median: the market pays up for this one
- Price / sales
- 12.3
Price / sales · as of 2026-Q1
- Free cash flow yield
- 1.0%
Free cash flow yield · Semiconductor Equipment & Materials median 1.2%
- Growth the price implies
- +27%
Growth the price implies · The price pays for +27% free cash flow growth a year for a decade; the business has delivered +1.5% a year over the last three.
Details›
- Price / book2026-Q1
- 25.1
- Technology median P/E376 names
- 37.0
- Semiconductor Equipment & Materials median P/E23 names
- 50.3
- Free cash flow, trailing twelve months
- $4.89B
- Market capitalisation
- $486.5B
- 3-year revenue growth
- +10%
- 3-year free cash flow growth
- +1.5%
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Semiconductor Equipment & Materials
Ranks #2 of 22 by Smart Score