Lam Research forward PE LRCX

Share price divided by analysts' consensus earnings for the next twelve months, since 1997.

Today, Oct 23, 2026: 22.6×
10-year median: 16.6×
Against its 10-year history: 78th; percentile: 0 is its lowest day, 100 its highest
10-year range: 9.1× to 44.8×
Peer median: 25.2×

Lam Research's forward PE is 22.6× as of Oct 23, 2026.

That is above its ten-year median of 16.6×, higher than on 78% of days in the last ten years.

Over that time it ranged from 9.1× in Nov 2016 to 44.8× in Jun 2026.

The median for 10 semiconductor stocks of a similar size is 25.2×.

Forward PE over time

median 16.6×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	22.6×	22.6×	44.8×
2025	27.8×	12.9×	27.8×
2024	17.1×	16.3×	31.6×
2023	26.1×	16.0×	26.1×
2022	15.1×	10.1×	22.2×
2021	21.8×	15.6×	21.8×
2020	16.8×	9.9×	18.1×
2019	17.3×	10.4×	17.5×
2018	10.2×	9.6×	14.9×
2017	12.6×	10.1×	14.8×
2016	10.1×	9.1×	13.0×
2015	14.3×	11.7×	15.6×
2014	15.3×	11.9×	16.5×
2013	13.1×	12.1×	20.5×
2012	18.2×	17.6×	25.6×
2011	22.4×	10.8×	27.2×
2010	11.8×	7.3×	12.5×
2009	12.1×	10.4×	30.4×
2008	7.6×	7.0×	8.3×
2007	8.3×	8.3×	9.0×

Against its peers

Companies in Semiconductors nearest Lam Research's size, closest first, today.

Company	Forward PE
LRCXLam Research	22.6×
AMATApplied Materials	21.3×
TXNTexas Instruments	27.0×
MRVLMarvell Technology	40.3×
KLACKLA	26.2×
ADIAnalog Devices	24.1×
INTCIntel	50.0×
QCOMQUALCOMM	19.0×
AMDAdvanced Micro Devices	45.7×
MUMicron Technology	5.0×
TELTE Connectivity	16.5×
Peer median	25.2×

Where Lam Research ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Lam Research

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.