Question 1

What is Lam Research's P/S ratio?

Accepted Answer

Lam Research (LRCX) P/S ratio is 17.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Lam Research?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Lam Research specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

Is Lam Research's P/S ratio high or low?

Accepted Answer

Lam Research's P/S ratio of 17.6× is above its own 5-year average of 6.3× and above the sector median of 5.7×. That places the current reading at the 99th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Lam Research's historical P/S ratio range?

Accepted Answer

In the available daily series, Lam Research (LRCX) P/S ratio has ranged from a low of 1.4× in 2008 to a high of 19.9× in 2026. The 5-year average is 6.3× and the 5-year median is 5.9×.

Question 7

What was Lam Research's P/S ratio in 2025?

Accepted Answer

Lam Research (LRCX) P/S ratio at the end of 2025 was 6.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Lam Research's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$124.04B	$18.44B	6.7×	-2.6×	Jun 29, 2025
2024	$139.37B	$14.91B	9.4×	+4.4×	Jun 30, 2024
2023	$86.18B	$17.43B	4.9×	+1.5×	Jun 30, 2023
2022	$58.81B	$17.23B	3.4×	-2.9×	Jun 30, 2022
2021	$92.83B	$14.63B	6.3×	+1.7×	Jun 30, 2021
2020	$47.00B	$10.04B	4.7×	+1.7×	Jun 30, 2020
2019	$28.34B	$9.65B	2.9×	+0.4×	Jun 30, 2019
2018	$27.82B	$11.08B	2.5×	-0.4×	Jun 30, 2018
2017	$22.94B	$8.01B	2.9×	+0.6×	Jun 30, 2017
2016	$13.44B	$5.89B	2.3×	-0.2×	Jun 30, 2016
2015	$12.91B	$5.26B	2.5×	+0.1×	Jun 30, 2015
2014	$10.97B	$4.61B	2.4×	+0.4×	Jun 30, 2014
2013	$7.18B	$3.60B	2.0×	+0.1×	Jun 30, 2013
2012	$5.05B	$2.67B	1.9×	+0.2×	Jun 30, 2012
2011	$5.48B	$3.24B	1.7×	-0.6×	Jun 30, 2011
2010	$4.81B	$2.13B	2.3×	-0.7×	Jun 30, 2010
2009	$3.28B	$1.12B	2.9×	+1.1×	Jun 30, 2009
2008	$4.51B	$2.47B	1.8×	-0.8×	Jun 30, 2008
2007	$6.70B	$2.57B	2.6×	-1.4×	Jun 30, 2007
2006	$6.59B	$1.64B	4.0×	+1.4×	Jun 30, 2006
2005	$4.00B	$1.50B	2.7×	-1.3×	Jun 30, 2005
2004	$3.75B	$935.95M	4.0×	+0.9×	Jun 30, 2004
2003	$2.32B	$755.23M	3.1×	+0.8×	Jun 30, 2003
2002	$2.14B	$943.11M	2.3×	—	Jun 30, 2002


DocuSign (DOCU)	2.7×
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EchoStar (SATS)	2.3×
Gen Digital (GEN)	2.3×
GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Skyworks Solutions (SWKS)	2.1×
Qorvo (QRVO)	1.9×
Zebra Technologies (ZBRA)	1.8×
Accenture (ACN)	1.8×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Block (SQ)	1.4×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Dell Technologies (DELL)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Jabil (JBL)	0.9×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×

P/S Ratio for Lam Research (LRCX)

P/S Ratio daily chart for Lam Research (LRCX)

Historical P/S Ratio for Lam Research (LRCX) from 2002 to 2025

About P/S Ratio at Lam Research (LRCX)

Lam Research P/S Ratio by Year

Lam Research P/S Ratio 2025: 6.7×

Lam Research P/S Ratio 2024: 9.4×

Lam Research P/S Ratio 2023: 4.9×

Lam Research P/S Ratio 2022: 3.4×

Lam Research P/S Ratio 2021: 6.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Lam Research (LRCX) Key Financials

P/S Ratio daily chart for Lam Research (LRCX)

Historical P/S Ratio for Lam Research (LRCX) from 2002 to 2025

About P/S Ratio at Lam Research (LRCX)

Lam Research P/S Ratio by Year

Lam Research P/S Ratio 2025: 6.7×

Lam Research P/S Ratio 2024: 9.4×

Lam Research P/S Ratio 2023: 4.9×

Lam Research P/S Ratio 2022: 3.4×

Lam Research P/S Ratio 2021: 6.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Lam Research's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Lam Research?

+Is Lam Research's P/S ratio high or low?

+What is Lam Research's historical P/S ratio range?

+What was Lam Research's P/S ratio in 2025?

+Why does Lam Research's P/S ratio change over time?

Lam Research (LRCX) Key Financials