Is Lam Research Corporation overvalued?

Lam Research Corporation (LRCX) looks overvalued — trading about 79% above its fair value.

Overvalued

Price

$379.09

Fair value

$78.18

Current P/E

91.3

Normal P/E

18.8

Market cap

$474.08B

Dividend yield

0.9%

Return on equity

54.3%

Sector

Technology

Fair value compares LRCX's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 28 Jun 2026.

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