P/E ratio for Lam Research (LRCX)
P/E ratio as of April 2024 (TTM): 30.0
According to Lam Research's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.9861. At the end of 2022 the company had a P/E ratio of 11.3.
P/E ratio history for Lam Research from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.3 | -49.34% |
| 2021 | 22.2 | -3.69% |
| 2020 | 23.1 | 11.07% |
| 2019 | 20.8 | 178.53% |
| 2018 | 7.46 | -58.05% |
| 2017 | 17.8 | 4.46% |
| 2016 | 17.0 | 14.91% |
| 2015 | 14.8 | -17.27% |
| 2014 | 17.9 | -31.26% |
| 2013 | 26.1 | -58.9% |
| 2012 | 63.4 | 473.59% |
| 2011 | 11.1 | 15.46% |
| 2010 | 9.57 | -139.3% |
| 2009 | -24.4 | -246.49% |
| 2008 | 16.6 | 76.52% |
| 2007 | 9.42 | -26.32% |
| 2006 | 12.8 | -34.8% |
| 2005 | 19.6 | 20.03% |
| 2004 | 16.3 | -93.43% |
| 2003 | 248 | -859.19% |
| 2002 | -32.7 | -173.29% |
| 2001 | 44.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Applied Materials AMAT | 25.7 | -14.19% | 🇺🇸 USA |
 KLA KLAC | 29.3 | -2.34% | 🇺🇸 USA |
 Veeco
VECO | 23.5 | -21.51% | 🇺🇸 USA |
 Axcelis Technologies
ACLS | 13.9 | -53.58% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.