LRCX

Nasdaq

LAM RESEARCH CORP

Information Technology, Semiconductor Materials & Equipment

$311.35

close 7 Aug 2026

+205.25%

52-week change

$389.36B

market cap

$94.11

$438.50

52-week range

Expected price

$111.29 – $136.02

Current price

$311.35

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)58.86x

P/S (TTM)17.96x

P/B36.78x

EV/EBITDA (TTM)49.48x

FCF yield (TTM)1.54%

PEG (TTM, GAAP)2.92

Context

P/E, own 5-year average27.19x

P/E, sector median37.34x*

Price at 5-year median P/E$124.70*

Indicated dividend yield0.33%

Forward — analyst consensus

Forward P/E (FY2027)32.92x*

Forward P/E (FY2028)27.01x

Forward PEG1.51*

Consensus EPS FY2027 (29 analysts)$9.46

EPS growth (FY2027→FY2028)21.86%

Revenue growth (FY2027)49.59%

Street view

Price target (mean)$368.13*

Target upside18.24%

Ratings (buy / hold / sell)29 / 6 / 0

FY2027 EPS revisions, 30d (up / down)10 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 29 Mar 2026, filed 23 Apr 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +8.59%10Y CAGR +15.33%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$311.35

Cash & equivalents$5.58B

Total debt$3.72B

Shares outstanding1.25B

Result

DCF price per share$118.77

Current price$311.35

Margin of safety-61.85%

PV of years 1–10$50.41B

PV of terminal value$96.26B

Equity value$148.52B

Market-implied growth+21.25%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	Terminal
Growth, %											2.5
FCF	$5.31B	$5.77B	$6.26B	$6.80B	$7.39B	$8.02B	$8.71B	$9.46B	$10.27B	$11.15B	$207.82B
PV	$4.92B	$4.94B	$4.97B	$5.00B	$5.03B	$5.05B	$5.08B	$5.11B	$5.14B	$5.17B	$96.26B

period to 28 Jun 2026, filed 7 Aug 2026, close 7 Aug 2026