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Lam Research Shiller PE Ratio

: 54.26 (As of Today)
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As of today (2022-01-25), Lam Research's current share price is $588.23. Lam Research's E10 for the quarter that ended in Sep. 2021 was $10.84. Lam Research's Shiller PE Ratio for today is 54.26.

The historical rank and industry rank for Lam Research's Shiller PE Ratio or its related term are showing as below:

NAS:LRCX' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.82   Med: 29.23   Max: 72.91
Current: 54.27

13.82
72.91

During the past years, Lam Research's highest Shiller PE Ratio was 72.91. The lowest was 13.82. And the median was 29.23.

NAS:LRCX's Shiller PE Ratio is ranked lower than
60% of the 410 Companies
in the Semiconductors industry.

( Industry Median: 45.52 vs. NAS:LRCX: 54.27 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Lam Research's adjusted earnings per share data for the three months ended in Sep. 2021 was $8.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $10.84 for the trailing ten years ended in Sep. 2021.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lam Research Shiller PE Ratio Historical Data

The historical data trend for Lam Research's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lam Research Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.22 38.04 29.84 42.96 65.16

Lam Research Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.59 56.45 65.58 65.16 52.51

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Lam Research's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Lam Research Shiller PE Ratio Distribution

For the Semiconductors industry and Technology sector, Lam Research's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Lam Research's Shiller PE Ratio falls into.



Lam Research Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Lam Research's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=588.23/10.84
=54.26

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lam Research's E10 for the quarter that ended in Sep. 2021 is calculated as:

For example, Lam Research's adjusted earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=8.27/115.7343*115.7343
=8.270

Current CPI (Sep. 2021) = 115.7343.

Lam Research Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201112 0.270 95.213 0.328
201203 0.380 96.783 0.454
201206 0.130 96.819 0.155
201209 0.020 97.633 0.024
201212 0.040 96.871 0.048
201303 0.110 98.209 0.130
201306 0.500 98.518 0.587
201309 0.500 98.790 0.586
201312 0.870 98.326 1.024
201403 0.960 99.695 1.114
201406 1.350 100.560 1.554
201409 0.800 100.428 0.922
201412 1.000 99.070 1.168
201503 1.160 99.621 1.348
201506 0.740 100.684 0.851
201509 1.660 100.392 1.914
201512 1.280 99.792 1.484
201603 0.820 100.470 0.945
201606 1.460 101.688 1.662
201609 1.470 101.861 1.670
201612 1.810 101.863 2.056
201703 3.100 102.862 3.488
201706 2.820 103.349 3.158
201709 3.210 104.136 3.568
201712 -0.060 104.011 -0.067
201803 4.330 105.290 4.760
201806 5.820 106.317 6.336
201809 3.230 106.507 3.510
201812 3.510 105.998 3.832
201903 3.470 107.251 3.744
201906 3.510 108.070 3.759
201909 3.090 108.329 3.301
201912 3.430 108.420 3.661
202003 3.880 108.902 4.123
202006 4.730 108.767 5.033
202009 5.590 109.815 5.891
202012 5.960 109.897 6.277
202103 7.410 111.754 7.674
202106 7.980 114.631 8.057
202109 8.270 115.734 8.270

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Lam Research  (NAS:LRCX) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Lam Research Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Lam Research's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Lam Research Business Description

Lam Research logo
Industry
Technology » Semiconductors NAICS : 333249 SIC : 3559
Address
4650 Cushing Parkway, Fremont, CA, USA, 94538
Lam Research manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process, especially for 3D NAND flash storage, advanced DRAM, and leading-edge logic/foundry chipmakers. Lam's flagship Kiyo, Vector, and Sabre products are sold in all major geographies to key customers such as Samsung Electronics, Micron, and Taiwan Semiconductor Manufacturing.
Executives
Archer Timothy officer: President and CEO 4650 CUSHING PARKWAY FREMONT CA 94538
Bettinger Douglas R officer: Chief Financial Officer & EVP C/O LAM RESEARCH CORPORATION 4650 CUSHING PARKWAY FREMONT CA 94538
Meikle Scott Gerald officer: Senior Vice President 1007 N. 17TH STREET BOISE ID 83702
Gottscho Richard A officer: Executive Vice President & CTO 4650 CUSHING PARKWAY FREMONT CA 94560
Lord Patrick J officer: Executive Vice President C/O LAM RESEARCH CORP 4650 CUSHING PARKWAY FREMONT CA 94538
Jennings Kevin officer: Senior Vice President PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: JENNINGS KEVIN a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Vahedi Vahid officer: Senior Vice President LAM RESEARCH CORPORATION 4650 CUSHING PARKWAY FREMONT CA 94538
El Mansy Youssef A director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: EL MANSY YOUSSEF A a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Ahmed Sohail U director 4650 CUSHING PARKWAY FREMONT CA 94538
Hahn Ava officer: Chief Legal Officer & SVP 4650 CUSHING PARKWAY C/O LAM RESEARCH FREMONT CA 94538
Varadarajan Seshasayee officer: Senior Vice President LAM RESEARCH CORPORATION 4650 CUSHING PARKWAY FREMONT CA 94538
Talwalkar Abhijit Y director ONE AMD PLACE PO BOX 3453 SUNNYVALE CA 94088
Tsai Lih Shyng (rick) director 4650 CUSHING PARKWAY FREMONT CA 94538
Mayer Bethany director C/O IXIA 26601 W. AGOURA ROAD CALABASAS CA 91302
Varon Leslie F director C/O DENTSPLY SIRONA INC 13320 BALLANTYNE CORPORATE PLACE CHARLOTTE NC 28277

Lam Research Headlines

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