#40Information Technology· Semiconductor Materials & Equipment

LRCXSell

Lam Research

$284.72USD

Composite Score63.3Strong

<−99

Margin of safety<−99%Expensive

Fair value$82.23

Target$188.30

Loss chance54%

Price (1y)

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Recent regulatory events

Auditor change (8-K Item 4.01)AnnotateView filing

Latest 8-K: 2025-09-11

Fair price check

5 different valuation methods each estimate what LRCX should be worth, then we compare to today's price.

Heavily overvalued

Models suggest LRCX is far above estimated fair value

Today's price

$284.72

Median fair price

$82.23

-71% vs today

Of 4 methods:4 say pricey(1 outlier excluded)

P/E multiplesOvervalued
thinks it's expensive — estimates $188.30, about 34% below today
EV/EBITDAOvervalued
thinks it's expensive — estimates $148.59, about 48% below today
P/B multiplesOvervalued
thinks it's expensive — estimates $82.23, about 71% below today
Graham (defensive)Overvalued
thinks it's expensive — estimates $59.19, about 79% below today
Residual IncomeOutlier
estimate looks unreliable — estimates $34.73 — likely unreliable

How to read this: “Cheap” = method's fair price is at least 20% above today. “Fair” = within ±10–20%. “Pricey” = at least 10% below today. Outliers (values more than 5× or less than 0.2× today's price) are excluded.

Fair price ensemble

Median fair

$82.23

Margin of safety

< −99%

Max (ex-outliers)

$188.30

Tangible BVPS

$7.04

Method	Value
Graham (defensive)	$59.19
P/E multiples(vs sector peers)	$188.30
P/B multiples(vs sector peers)	$82.23
EV/EBITDA(vs sector peers)	$148.59
Residual Income	$34.73
DCF (2-stage)	skipped

extreme rim estimate

Median of all applicable methods (current price $284.72). Outliers above 5× or below 0.2× current price are excluded from the max but kept in the median. See methodology for the 6-method ensemble + 7 defenses.

Pillar breakdown

8 dimensions, each scored 0–100 against the universe

Information Technology median (n=73)

Quality
Profit margins & asset efficiency
85
Strong
Value
Price vs fundamentals
21
Poor
Growth
Revenue & earnings trajectory
41
Weak
Momentum
Recent price strength
92
Strong
Health
Balance sheet & solvency
85
Strong
Profitability
ROE, ROA, ROIC
76
Strong
Technical
Trend & volatility signals
66
Decent
Risk
Volatility & drawdown profile
53
Decent

0305070100

Strong (70+)Decent (50–70)Weak (30–50)Poor (<30)

Pillars not shown: Sentiment, ML (Phase 5+).

Raw fundamentals (SEC EDGAR)

Metric	Value
Market cap	$356.06B
Revenue (TTM)	$21.68B
Net income (TTM)	$6.71B
Operating cash flow (TTM)	$6.95B
CapEx (TTM)	$949.79M
Free cash flow (TTM)CFO − CapEx	$6.00B
Total assets	$20.79B
Total liabilities	$10.21B
Stockholders' equity	$10.58B
Cash & equivalents	$4.75B
Shares outstanding	1.25B
EPS (basic)	$3.97
EPS (diluted)	$3.95
P/E ratio (TTM)	53.08

TTM = trailing twelve months. Balance sheet items are point-in-time (latest filing).

Data quality

Latest filed date: 2026-04-23
Latest period end: 2026-04-21
Filing lag: 23 days
Missing metrics: none

Phase 3c — composite is the 8-pillar weighted score over quality, value, growth, momentum, health, profitability, technical, and risk. Sentiment + ML pillars land in Phases 5-6; until then their weight redistributes pro-rata. Fair price is the median of 6 valuation methods (Graham, P/E / P/B / EV-EBITDA multiples, RIM, DCF) with outliers above 5× current price excluded from the max. Risk-overlay flags annotate only — they suppress the entered-top-5 badge but do not modify the composite.