Lam Research (LRCX) fundamentals: P/E, valuation, undervalued?
Lam Research · Information Technology · ref. ETF XLK · price $301.11
In short — Lam Research trades at 52.3× earnings (P/E), 25.6× forward, with a net margin of 31.3 % and revenue growth of +30 %. Read: Cheap for the growth (P/E 26 for ~35% growth (PEG 0.7)).
Is Lam Research stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$301.11+117.7% over range
Oct 14, 25low $138.31 · high $433.33Oct 13, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
SellBuy
Buy
95% recommend buying · 19 analysts
Valuation : Cheap for the growth — P/E 26 for ~35% growth (PEG 0.7)
Valuation
52.3
P/E (price/earnings)
25.6
Forward P/E
1.50
PEG
30.2
Price/book (P/B)
$376.8B
Market cap
5.76
EPS
Profitability & growth
31.3 %
Net margin
+30 %
Revenue growth
+35 %
Earnings growth
$4.1B
Total debt
Lam Research income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2023 | $17.4B | $4.5B | 25.9 % |
| 2024 | $14.9B | $3.8B | 25.7 % |
| 2025 | $18.4B | $5.4B | 29.1 % |
| 2026 | $23.2B | $7.3B | 31.3 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is Lam Research's P/E and is the stock undervalued? What's a good P/E?
Lam Research's P/E is 52.3 (forward 25.6). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Cheap for the growth".
Is Lam Research profitable?
Lam Research has a net margin of 31.3 % (EPS 5.76). The company is profitable.
Is LRCX stock expensive?
Our read: "Cheap for the growth" — P/E 26 for ~35% growth (PEG 0.7). Cross-check with growth and sector.
💬 A question about Lam Research? The JPI assistant answers using our backtest data.