LAM RESEARCH CORP (LRCX)
Special Industry Machinery, NEC
Latest Price
$293.02
TTM P/E
55.39
Normalized P/E
13.51
Div Yield
0.34%
Book Value
8.43
P/B Ratio
34.78
Valuation metrics
adjust assumptions →EPS: $4.15
Book value / share: $7.77
Formula: √(22.5 × EPS × BVPS)
Graham Number
$26.94
91% downside
Norm. op. income: $4.5B (median of 7yr)
Tax rate: 11%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$32.18
89% downside
Base FCF: $4.3B (median of recent 5yr)
Growth: 8%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$72.25
75% downside
EPS: $4.15
Target P/E: 14×
Formula: EPS × P/E
P/E Fair Value
$58.10
80% downside
Institutional Ownership
77.9% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 132.91M | $28.40B | 10.63% | -1.35M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 81.16M | $17.34B | 6.49% | -- | 2026-03-31 |
| STATE STREET CORP | 59.16M | $12.65B | 4.73% | -527.8K | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 37.06M | $7.92B | 2.96% | -- | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 35.18M | $7.50B | 2.81% | +1.43M | 2026-03-31 |
| FMR LLC | 33.57M | $7.17B | 2.68% | +6.89M | 2026-03-31 |
| Invesco Ltd. | 24.26M | $5.18B | 1.94% | +1.43M | 2026-03-31 |
| AMERIPRISE FINANCIAL INC | 20.79M | $4.44B | 1.66% | -2.46M | 2026-03-31 |
| MORGAN STANLEY | 18.97M | $4.05B | 1.52% | -914.9K | 2026-03-31 |
| NORTHERN TRUST CORP | 14.19M | $3.03B | 1.13% | -247.1K | 2026-03-31 |