Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Lam Research's operating assets for the quarter that ended in Mar. 2026 was $16,041 Mil. Lam Research's operating liabilities for the quarter that ended in Mar. 2026 was $6,473 Mil. Lam Research's Total Assets for the quarter that ended in Dec. 2025 was $21,391 Mil. Therefore, Lam Research's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.45.
Lam Research Scaled Net Operating Assets Related Terms
Lam Research Scaled Net Operating Assets Historical Data
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The historical data trend for Lam Research's Scaled Net Operating Assets 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.
LRCX vs AMAT, KLAC, TER: Scaled Net Operating Assets Comparison
For the Semiconductor Equipment & Materials subindustry, Lam Research's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Lam Research's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Lam Research's Scaled Net Operating Assets falls into.
* 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.
What does a Scaled Net Operating Assets of 0.45 mean?
Lam Research (LRCX) has a Scaled Net Operating Assets of 0.45 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Lam Research and its competitors.
Is Lam Research's Scaled Net Operating Assets too high?
Lam Research's current Scaled Net Operating Assets is 0.45. Overall, Lam Research has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lam Research's Scaled Net Operating Assets compare to AMAT and KLAC?
Lam Research's Scaled Net Operating Assets of 0.45 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 Scaled Net Operating Assets for a Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Lam Research and its competitors. Lam Research's current Scaled Net Operating Assets is 0.45. 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 (LRCX) is currently considered Significantly Overvalued. The stock's GF Value™ is $131.44, compared to a current price of $351.41 — trading 167.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.45. Lam Research's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Lam Research (LRCX), the current Scaled Net Operating Assets is 0.45 as of Mar. 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 (LRCX) Overvalued in 2026?
Based on GuruFocus' analysis, Lam Research stock appears to be overvalued.
The current stock price of $351.41 is trading 167.4% above its estimated GF Value™ of $131.44.
GuruFocus considers Lam Research to be Significantly Overvalued.
Key valuation signals for LRCX:
Scaled Net Operating Assets: 0.45
GF Value™: $131.44 vs. price of $351.41 (167.4% above fair value)
No single metric tells the full story. See the 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.
85GF Score
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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