As of Q2'26 (2025-12-28), LRCX's Price-to-Book (P/B) Ratio reached 21.84, marking the highest value in the observed period. This latest data point reflects a significant increase compared to the previous quarter, where the P/B Ratio was 18.69. Over the period from Q3'23 to Q2'26, the P/B Ratio for LRCX has shown considerable volatility, with notable peaks and troughs. After a steady rise from 8.22 in Q3'23 to 15.14 in Q3'24, the ratio experienced fluctuations, dipping to 9.61 in Q3'25 before surging sharply in the subsequent quarters. The recent upward momentum suggests renewed investor optimism or valuation expansion in the latest quarters.