LAM RESEARCH CORP (LRCX)

Special Industry Machinery, NEC

Latest Price

$320.42

TTM P/E

60.57

Normalized P/E

14.77

Div Yield

0.32%

Book Value

8.43

P/B Ratio

38.03

Valuation metrics

EPS: $5.76

Book value / share: $9.97

Formula: √(22.5 × EPS × BVPS)

Graham Number

$35.94

89% downside

Norm. op. income: $5.2B (median of 7yr)

Tax rate: 12%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$37.33

88% downside

Base FCF: $4.7B (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

$80.38

75% downside

EPS: $5.76

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$86.40

73% downside

87.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	132.83M	$57.56B	10.62%	-75.0K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	81.68M	$35.40B	6.53%	+527.9K	2026-06-30
STATE STREET CORP	60.70M	$26.32B	4.85%	+1.55M	2026-06-30
Invesco Ltd.	52.32M	$22.67B	4.18%	+28.06M	2026-06-30
JPMORGAN CHASE & CO	45.32M	$18.62B	3.62%	+21.81M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	36.64M	$15.88B	2.93%	-425.4K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	34.51M	$14.92B	2.76%	-669.7K	2026-06-30
FMR LLC	33.68M	$14.59B	2.69%	+103.0K	2026-06-30
PRICE T ROWE ASSOCIATES INC /MD/	24.60M	$10.66B	1.97%	+11.36M	2026-06-30
MORGAN STANLEY	19.22M	$8.33B	1.54%	+246.7K	2026-06-30