Lam Research (FRA:LAR) Cyclically Adjusted Book per Share: €0.00 (As of Jun. 2026)

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FRA:LAR Lam Research Corp FRA:LAR
81 GF Score
Price €13.85
GF Value €7.26
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Lam Research Cyclically Adjusted Book per Share?

Lam Research FRA:LAR -3.82% 81 Cyclically Adjusted Book per Share is €0.00 as of Jun. 2026. GuruFocus rates FRA:LAR with a GF Score™ of 81/100 and a GF Value™ of €7.26 (Significantly Overvalued). The stock has 1 warning sign investors should review.

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Lam Research's adjusted book value per share for the three months ended in Jun. 2026 was €8.618. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €0.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Lam Research's average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Lam Research was 17.40% per year. The lowest was 6.40% per year. And the median was 10.50% per year.

As of today (2026-07-30), Lam Research's current stock price is €13.85. Lam Research's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.00. Lam Research's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lam Research was 66.73. The lowest was 3.86. And the median was 11.28.


Lam Research  (FRA:LAR) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lam Research was 66.73. The lowest was 3.86. And the median was 11.28.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Lam Research Cyclically Adjusted Book per Share Related Terms


Lam Research Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Lam Research's Cyclically Adjusted Book per Share 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.

Lam Research Cyclically Adjusted Book per Share Chart

Lam Research Annual Data
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Lam Research Quarterly Data
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FRA:LAR vs AMAT, KLAC, TER: Cyclically Adjusted Book per Share Comparison

For the Semiconductor Equipment & Materials subindustry, Lam Research's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

* The bar in red indicates where Lam Research's Cyclically Adjusted PB Ratio falls into.


FRA:LAR
81GF Score
Lam Research Corp FRA:LAR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lam Research Cyclically Adjusted Book per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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.

For example, Lam Research's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=8.618/333.9520*333.9520
=8.618

Current CPI (Jun. 2026) = 333.9520.

Lam Research Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.519 241.428 4.868
201612 3.850 241.432 5.325
201703 3.947 243.801 5.406
201706 3.845 244.955 5.242
201709 3.833 246.819 5.186
201712 3.325 246.524 4.504
201803 3.402 249.554 4.553
201806 3.590 251.989 4.758
201809 3.007 252.439 3.978
201812 3.335 251.233 4.433
201903 3.154 254.202 4.143
201906 2.894 256.143 3.773
201909 3.121 256.759 4.059
201912 2.791 256.974 3.627
202003 2.836 258.115 3.669
202006 3.167 257.797 4.103
202009 3.186 260.280 4.088
202012 3.162 260.474 4.054
202103 3.166 264.877 3.992
202106 3.511 271.696 4.316
202109 3.513 274.310 4.277
202112 4.086 278.802 4.894
202203 3.945 287.504 4.582
202206 4.336 296.311 4.887
202209 5.490 296.808 6.177
202212 5.790 296.797 6.515
202303 5.830 301.836 6.450
202306 5.685 305.109 6.222
202309 5.709 307.789 6.194
202312 5.744 306.746 6.253
202403 5.645 312.332 6.036
202406 6.085 314.175 6.468
202409 5.908 315.301 6.257
202412 6.546 315.605 6.927
202503 6.857 319.799 7.160
202506 6.739 322.561 6.977
202509 6.897 324.800 7.091
202512 6.925 324.054 7.137
202603 7.322 330.213 7.405
202606 8.618 333.952 8.618

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of €0.00 mean?
Lam Research (FRA:LAR) has a Cyclically Adjusted Book per Share of €0.00 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Lam Research and its competitors.
Is Lam Research's Cyclically Adjusted Book per Share too high?
Lam Research's current Cyclically Adjusted Book per Share is €0.00. Overall, Lam Research has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lam Research's Cyclically Adjusted Book per Share compare to AMAT and KLAC?
Lam Research's Cyclically Adjusted Book per Share of €0.00 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Semiconductors company?
A good Cyclically Adjusted Book per Share depends on the Semiconductors industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Lam Research and its competitors. Lam Research's current Cyclically Adjusted Book per Share is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lam Research stock overvalued right now?
Based on GuruFocus' analysis, Lam Research (FRA:LAR) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.26, compared to a current price of €13.85 — trading 90.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is €0.00. Lam Research's overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Lam Research (FRA:LAR), the current Cyclically Adjusted Book per Share is €0.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lam Research (FRA:LAR) Overvalued in 2026?

Based on GuruFocus' analysis, Lam Research stock appears to be overvalued. The current stock price of €13.85 is trading 90.8% above its estimated GF Value™ of €7.26. GuruFocus considers Lam Research to be Significantly Overvalued.

Key valuation signals for FRA:LAR:

  • Cyclically Adjusted Book per Share: €0.00
  • GF Value™: €7.26 vs. price of €13.85 (90.8% above fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the FRA:LAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lam Research Business Description

Address 4650 Cushing Parkway, Fremont, CA, USA, 94538
Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
81GF Score

Get the complete analysis for FRA:LAR

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.85
Price
€7.26
GF Value