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Lam Research (FRA:LAR) Cyclically Adjusted Revenue per Share : €78.96 (As of Mar. 2024)


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What is Lam Research Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Lam Research's adjusted revenue per share for the three months ended in Mar. 2024 was €26.537. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €78.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lam Research's average Cyclically Adjusted Revenue Growth Rate was 13.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 23.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 20.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 16.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Lam Research was 28.60% per year. The lowest was 1.20% per year. And the median was 10.30% per year.

As of today (2024-05-22), Lam Research's current stock price is €870.70. Lam Research's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €78.96. Lam Research's Cyclically Adjusted PS Ratio of today is 11.03.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Lam Research was 13.92. The lowest was 2.63. And the median was 6.02.


Lam Research Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Lam Research's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lam Research Cyclically Adjusted Revenue per Share Chart

Lam Research Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.96 36.80 42.74 62.48 71.62

Lam Research Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.10 71.62 76.78 74.30 78.96

Competitive Comparison of Lam Research's Cyclically Adjusted Revenue per Share

For the Semiconductor Equipment & Materials subindustry, Lam Research's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lam Research's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Lam Research's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Lam Research's Cyclically Adjusted PS Ratio falls into.



Lam Research Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Lam Research's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=26.537/131.7762*131.7762
=26.537

Current CPI (Mar. 2024) = 131.7762.

Lam Research Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.972 100.560 6.515
201409 5.049 100.428 6.625
201412 5.645 99.070 7.509
201503 7.252 99.621 9.593
201506 7.475 100.684 9.783
201509 8.176 100.392 10.732
201512 7.510 99.792 9.917
201603 6.767 100.470 8.876
201606 7.747 101.688 10.039
201609 8.080 101.861 10.453
201612 9.722 101.863 12.577
201703 10.881 102.862 13.940
201706 11.195 103.349 14.274
201709 11.307 104.136 14.308
201712 13.534 104.011 17.147
201803 13.047 105.290 16.329
201806 15.253 106.317 18.906
201809 12.082 106.507 14.949
201812 13.673 105.998 16.998
201903 13.675 107.251 16.802
201906 13.515 108.070 16.480
201909 13.051 108.329 15.876
201912 15.491 108.420 18.828
202003 15.292 108.902 18.504
202006 16.818 108.767 20.376
202009 18.318 109.815 21.981
202012 19.471 109.897 23.347
202103 22.350 111.754 26.354
202106 23.974 114.631 27.560
202109 25.656 115.734 29.212
202112 26.429 117.630 29.607
202203 26.324 121.301 28.597
202206 31.705 125.017 33.419
202209 37.351 125.227 39.305
202212 36.541 125.222 38.454
202303 26.694 127.348 27.622
202306 22.027 128.729 22.548
202309 24.501 129.860 24.863
202312 26.065 129.419 26.540
202403 26.537 131.776 26.537

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Lam Research  (FRA:LAR) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Lam Research's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=870.70/78.96
=11.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Lam Research was 13.92. The lowest was 2.63. And the median was 6.02.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Lam Research Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Lam Research's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Lam Research (FRA:LAR) Business Description

Industry
Address
4650 Cushing Parkway, Fremont, CA, USA, 94538
Lam Research is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segments of deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear cut second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.

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