#302USNASDAQ

LRCX

Lam Research

$292.66USD

Data as of 2026-09-05

Composite Score58.5Strong

≤−99

Margin of safety−489%Expensive

Fair value$49.65

Target$244.94

Loss chance65%Moderate-high

SizeMega cap

SectorInformation Technology

Dividend0.45%

TypeCommon stock

Price

Pillar breakdown

0–100 percentile rank against the current universe (sector-relative for Quality / Value / Growth / Profitability)

Information Technology median (n=190)

Quality
Profit margins & asset efficiency
90
Exceptional
Information Technology median (n=190) 49
Value
Price vs fundamentals
18
Poor
Information Technology median (n=190) 51
Growth
Revenue & earnings trajectory
52
Average
Information Technology median (n=190) 51
Momentum
Recent price strength
56
Strong
Information Technology median (n=190) 51
Health
Balance sheet & solvency
83
Exceptional
Information Technology median (n=190) 65
Profitability
ROE, ROA, ROIC
82
Exceptional
Information Technology median (n=190) 50
Technical
Trend & volatility signals
19
Poor
Information Technology median (n=190) 50
Risk
Volatility & drawdown profile
55
Strong
Information Technology median (n=190) 41

025405570100

Exceptional (70+)Strong (55–70)Average (40–55)Weak (25–40)Poor (<25)

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

Recent regulatory events

Auditor change (8-K Item 4.01)AnnotateView filing

Latest 8-K: 2025-09-11

Risk Summary

2 active

Rank gates

Sloan accruals — top decile[sloan_accruals_top_decile]Within-sector top decile of accruals / assets (Sloan 1996).
Beneish M-score veto[beneish_manipulation_veto]Beneish M-score above −1.78 — earnings manipulation likely (Beneish 1999).

These flags keep the raw composite rank (project Rule 16) but forfeit the entered_top5 badge. Two of them — altman_distress and data_quality_input_corruption — additionally force a cautious recommendation; the others act as Top-5 disqualifiers without dictating the buy/hold/sell label on their own.

Manipulation index

Moderate

48/100

Composite penalty: −4.80 pts (informational; rank uses raw composite)

Also fired — not rank-gating (2)

Accruals momentum (Δ TATA > 0.05 over 3y)[accruals_momentum_high]
Beneish M-score warning band[beneish_high]

Rolls up Phase 4.5 earnings-manipulation defenses (Sloan · Beneish · Dechow · REM · restatement · late-filing · earnings- quality time-series) into a single 0-100 risk index. The soft composite penalty (max 10 pts) is informational only — the ranking uses the raw composite score per project Rule 16.

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

$292.66

Median fair price

$49.65

-83% vs today's price

Of 2 methods:2 say pricey(3 outliers excluded)

P/E multiplesOvervalued
thinks it's expensive — estimates $244.94, about 16% below today
EV/EBITDAOvervalued
thinks it's expensive — estimates $229.53, about 22% below today
Graham (defensive)Outlier
estimate looks unreliable — estimates $49.65 — likely unreliable
P/B multiplesOutlier
estimate looks unreliable — estimates $48.03 — likely unreliable
Residual IncomeOutlier
estimate looks unreliable — estimates $41.32 — 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: $49.65
Margin of safety(vs fair value): < −99%
Max (ex-outliers): $244.94
Tangible BVPS: $8.45

Extreme Graham estimate
Extreme P/B estimate
Extreme Residual-Income estimate
Majority of methods extreme
Beneish M-score (warning band)
Cross-source price disagreement
Accruals momentum

Median of all applicable methods (current price $292.66). Per-method estimates + each method’s cheap/fair/pricey read are in the Fair price check above. 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.

Defense layer. Flags mark elevated risk, never confirmed fraud. This model cannot catch every manipulation and decays after publication — weigh it against its stated error rates.

Supporting dataRaw fundamentals & data-quality provenance behind the scores above

Raw fundamentals (SEC EDGAR)

Metric	Value
Market cap	$366.21B
Revenue (TTM)	$23.23B
Net income (TTM)	$7.27B
Operating cash flow (TTM)	$5.86B
CapEx (TTM)	$966.40M
Free cash flow (TTM)CFO − CapEx	$4.89B
Total assets	$23.53B
Total liabilities	$11.06B
Stockholders' equity	$12.47B
Cash & equivalents	$5.58B
Shares outstanding	1.25B
EPS (basic)	$5.81
EPS (diluted)	$5.81
P/E ratio (TTM)	50.40

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

Data quality

Latest filed date: 2026-08-07
Latest period end: 2026-08-04
Filing lag: 29 days
Missing metrics: none

Composite is the 8-pillar weighted score over quality, value, growth, momentum, health, profitability, technical, and risk. Sentiment + ML pillars are reserved for a later phase; 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.