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Lam Research (MIL:1LRCX) Cyclically Adjusted Price-to-FCF : 35.55 (As of Jun. 06, 2025)


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What is Lam Research Cyclically Adjusted Price-to-FCF?

As of today (2025-06-06), Lam Research's current share price is €71.46. Lam Research's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €2.01. Lam Research's Cyclically Adjusted Price-to-FCF for today is 35.55.

The historical rank and industry rank for Lam Research's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MIL:1LRCX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.75   Med: 36.22   Max: 70.43
Current: 38.4

During the past years, Lam Research's highest Cyclically Adjusted Price-to-FCF was 70.43. The lowest was 17.75. And the median was 36.22.

MIL:1LRCX's Cyclically Adjusted Price-to-FCF is ranked worse than
57.18% of 355 companies
in the Semiconductors industry
Industry Median: 31.78 vs MIL:1LRCX: 38.40

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Lam Research's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €0.733. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €2.01 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lam Research Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lam Research's Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF Chart

Lam Research Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.40 62.44 33.15 39.40 54.23

Lam Research Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial 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 50.90 54.23 39.33 34.19 32.93

Competitive Comparison of Lam Research's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, Lam Research's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Lam Research's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Lam Research's Cyclically Adjusted Price-to-FCF falls into.


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Lam Research Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Lam Research's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=71.46/2.01
=35.55

* 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 Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Lam Research's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.733/134.9266*134.9266
=0.733

Current CPI (Mar. 2025) = 134.9266.

Lam Research Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.116 100.684 0.155
201509 0.204 100.392 0.274
201512 0.140 99.792 0.189
201603 0.071 100.470 0.095
201606 0.186 101.688 0.247
201609 0.213 101.861 0.282
201612 0.190 101.863 0.252
201703 0.191 102.862 0.251
201706 0.332 103.349 0.433
201709 0.364 104.136 0.472
201712 -0.029 104.011 -0.038
201803 0.452 105.290 0.579
201806 0.312 106.317 0.396
201809 0.344 106.507 0.436
201812 0.291 105.998 0.370
201903 0.481 107.251 0.605
201906 0.466 108.070 0.582
201909 0.256 108.329 0.319
201912 0.147 108.420 0.183
202003 0.299 108.902 0.370
202006 0.459 108.767 0.569
202009 0.334 109.815 0.410
202012 0.142 109.897 0.174
202103 0.625 111.754 0.755
202106 0.770 114.631 0.906
202109 0.191 115.734 0.223
202112 0.814 117.630 0.934
202203 0.397 121.301 0.442
202206 0.218 125.017 0.235
202209 0.773 125.227 0.833
202212 0.676 125.222 0.728
202303 1.109 127.348 1.175
202306 0.717 128.729 0.752
202309 0.615 129.860 0.639
202312 0.928 129.419 0.967
202403 0.896 131.776 0.917
202406 0.540 132.554 0.550
202409 1.007 133.029 1.021
202412 0.409 133.157 0.414
202503 0.733 134.927 0.733

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


Lam Research  (MIL:1LRCX) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Lam Research Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Lam Research's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Lam Research Business Description

Industry
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.

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