Research / Stock / LRCX
L
LRCX
LAM RESEARCH CORP
314.66
+4.49 +1.45%
close 2026-08-25
Assumptions
34.3%
Market is pricing 34.3%— you agree
Actually grew +8.6%/yrFCF, 2021–2026 — the market is pricing 25.7pts FASTER than history
10 yrs
3.00%
13.54%
13.5% derived for this company beta 1.99 (1254d vs the S&P 500) · cost of equity 13.6% = 4.7% risk-free + 1.99 × 4.5% premium · treated as all-equity
Fair value
$315.08
+0.1%
At the market's assumptionsCurrent price $314.66Enterprise value 394.3B
Bear $225.71 (29.3% growth)Bull $437.37 (39.3%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices 34.3%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
35% the 10 forecast years65% terminal value