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Lam ResearchMEX:LRCX +4.22%84 Cyclically Adjusted PS Ratio is 24.50 as of Sep. 05, 2026, which is 211% above its 10-year median of 7.89. GuruFocus rates MEX:LRCX with a GF Score™ of 84/100 and a GF Value™ of MXN2,540.01 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 730 Semiconductors companies, Lam Research ranks worse than 92.19% on this metric.
The historical rank and industry rank for Lam Research's Cyclically Adjusted PS Ratio or its related term are showing as below:
MEX:LRCX'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.88 Med: 7.89 Max: 34.43
Current: 25.97
During the past years, Lam Research's highest Cyclically Adjusted PS Ratio was 34.43. The lowest was 3.88. And the median was 7.89.
MEX:LRCX's Cyclically Adjusted PS Ratio is ranked worse than 92.19% of 730
companies
in the Semiconductors industry
Industry Median: 3.08
vs MEX:LRCX: 25.97
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Lam Research's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN93.386. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MXN210.57 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Lam Research (MEX:LRCX) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Lam Research Cyclically Adjusted PS Ratio Related Terms
Lam Research Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Lam Research's Cyclically Adjusted PS 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.
MEX:LRCX vs AMAT, KLAC, TER: Cyclically Adjusted PS Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Lam Research's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Lam Research's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Lam Research's Cyclically Adjusted PS Ratio falls into.
Lam Research Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
Lam Research's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 24.50 mean?
Lam Research (MEX:LRCX) has a Cyclically Adjusted PS Ratio of 24.50 as of Sep. 05, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lam Research and its competitors. This is 211% above median its historical median of 7.89. Over the past decade, Lam Research's Cyclically Adjusted PS Ratio has ranged from 3.88 to 34.43. According to the industry distribution chart, Lam Research ranks #673 out of 730 companies in the Semiconductors industry, placing it in the top 92.2%.
Is Lam Research's Cyclically Adjusted PS Ratio too high?
Lam Research's current Cyclically Adjusted PS Ratio of 24.50 is 211% above median its 10-year median of 7.89. Over the past 10 years, this metric has ranged from a low of 3.88 to a high of 34.43. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.08. Lam Research's value of 24.50 is 695.5% above this industry median. Based on the distribution chart, Lam Research ranks #673 out of 730 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Lam Research has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lam Research's Cyclically Adjusted PS Ratio compare to AMAT and KLAC?
According to the Semiconductors industry distribution chart, Lam Research ranks #673 out of 730 companies for Cyclically Adjusted PS Ratio. This places Lam Research in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.08. Lam Research's value of 24.50 is 695.5% above this benchmark. Historically, Lam Research's own Cyclically Adjusted PS Ratio has ranged from 3.88 to 34.43 over the past decade. While the company's 10-year median is 7.89 vs. the industry median of 3.08, Lam Research has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.08, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lam Research's current Cyclically Adjusted PS Ratio of 24.50 is 695.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lam Research and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lam Research's current Cyclically Adjusted PS Ratio is 24.50, which is 211% above median its own 10-year median of 7.89. 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 (MEX:LRCX) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,540.01, compared to a current price of MXN5,159.00 — trading 103.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 24.50, which is 211% above median its 10-year median of 7.89 and 695.5% above the Semiconductors industry median of 3.08. Lam Research's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Lam Research (MEX:LRCX), the current Cyclically Adjusted PS Ratio is 24.50 as of Sep. 05, 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 (MEX:LRCX) Overvalued in 2026?
Based on GuruFocus' analysis, Lam Research stock appears to be overvalued.
The current stock price of MXN5,159.00 is trading 103.1% above its estimated GF Value™ of MXN2,540.01.
GuruFocus considers Lam Research to be Significantly Overvalued.
Key valuation signals for MEX:LRCX:
Cyclically Adjusted PS Ratio: 24.50 (211% above median its 10-year median of 7.89)
GF Value™: MXN2,540.01 vs. price of MXN5,159.00 (103.1% above fair value)
Industry Position: 695.5% above the Semiconductors median (#673 of 730)
No single metric tells the full story. See the MEX:LRCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
84GF Score
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