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LRCX (Lam Research) Cyclically Adjusted Price-to-FCF : 43.45 (As of Jun. 25, 2025)


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

As of today (2025-06-25), Lam Research's current share price is $96.02. Lam Research's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $2.21. Lam Research's Cyclically Adjusted Price-to-FCF for today is 43.45.

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

LRCX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.75   Med: 36.52   Max: 70.43
Current: 43.32

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 36.52.

LRCX's Cyclically Adjusted Price-to-FCF is ranked worse than
58.92% of 353 companies
in the Semiconductors industry
Industry Median: 32.67 vs LRCX: 43.32

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 $0.792. 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 $2.21 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
=96.02/2.21
=43.45

* 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)
=0.792/134.9266*134.9266
=0.792

Current CPI (Mar. 2025) = 134.9266.

Lam Research Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.130 100.684 0.174
201509 0.229 100.392 0.308
201512 0.153 99.792 0.207
201603 0.079 100.470 0.106
201606 0.209 101.688 0.277
201609 0.240 101.861 0.318
201612 0.200 101.863 0.265
201703 0.205 102.862 0.269
201706 0.373 103.349 0.487
201709 0.434 104.136 0.562
201712 -0.035 104.011 -0.045
201803 0.557 105.290 0.714
201806 0.364 106.317 0.462
201809 0.402 106.507 0.509
201812 0.331 105.998 0.421
201903 0.543 107.251 0.683
201906 0.527 108.070 0.658
201909 0.282 108.329 0.351
201912 0.164 108.420 0.204
202003 0.331 108.902 0.410
202006 0.517 108.767 0.641
202009 0.394 109.815 0.484
202012 0.173 109.897 0.212
202103 0.744 111.754 0.898
202106 0.928 114.631 1.092
202109 0.225 115.734 0.262
202112 0.920 117.630 1.055
202203 0.437 121.301 0.486
202206 0.230 125.017 0.248
202209 0.765 125.227 0.824
202212 0.716 125.222 0.771
202303 1.187 127.348 1.258
202306 0.777 128.729 0.814
202309 0.656 129.860 0.682
202312 1.012 129.419 1.055
202403 0.974 131.776 0.997
202406 0.581 132.554 0.591
202409 1.118 133.029 1.134
202412 0.429 133.157 0.435
202503 0.792 134.927 0.792

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  (NAS:LRCX) 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.
Executives
Seshasayee Varadarajan officer: Group Vice President LAM RESEARCH CORPORATION, 4650 CUSHING PARKWAY, FREMONT CA 94538
Bethany Mayer director C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Christina Corrreia officer: CVP , Chief Accounting Officer 4650 CUSHING PKWY, FREMONT CA 94538
Neil J Fernandes officer: Senior Vice President 4650 CUSHING PKWY, FREMONT CA 94538
Timothy Archer officer: Chief Operating Officer 4650 CUSHING PARKWAY, FREMONT CA 94538
Patrick J Lord officer: Group Vice President C/O LAM RESEARCH CORP, 4650 CUSHING PARKWAY, FREMONT CA 94538
Abhijit Y Talwalkar director ONE AMD PLACE, PO BOX 3453, SUNNYVALE CA 94088
Ava Hahn officer: Chief Legal Officer & SVP 4650 CUSHING PARKWAY, C/O LAM RESEARCH, FREMONT CA 94538
John M. Dineen director MERRIMACK PHARMACEUTICALS, INC., ONE KENDALL SQUARE, SUITE B7201, CAMBRIDGE MA 02139
Douglas R Bettinger officer: EVP, Chief Financial Officer C/O LAM RESEARCH CORPORATION, 4650 CUSHING PARKWAY, FREMONT CA 94538
Vahid Vahedi officer: Group Vice President LAM RESEARCH CORPORATION, 4650 CUSHING PARKWAY, FREMONT CA 94538
Ho Kyu Kang director 4650 CUSHING PKWY, FREMONT CA 94538
Richard A Gottscho officer: Executive Vice President 4650 CUSHING PARKWAY, FREMONT CA 94538
Sohail U Ahmed director 4650 CUSHING PARKWAY, FREMONT CA 94538
Scott Gerald Meikle officer: Senior Vice President 1007 N. 17TH STREET, BOISE ID 83702