## LRCX PE Stream Chart Analysis **Current Valuation (Latest Data Point):** As of the latest data point in mid-March 2026, LRCX is trading at a monthly average price of approximately **$224.71**, which places it squarely within the **Overvalued** interval — between the 40.2x PE boundary (priced at ~$196.83) and the 47.8x PE boundary (priced at ~$233.74). This positioning indicates that the stock is trading at a relatively elevated valuation multiple historically, approaching but not yet breaching the uppermost **Warning** threshold of 47.8 times earnings. Investors should note that at current prices, the stock is well above the **Fair** zone (25.1x–32.7x) and has moved meaningfully beyond the **Watch** interval (32.7x–40.2x), signaling limited margin of safety from a PE-based perspective. **Historical Valuation Trend:** Over the observed period beginning in early 2021, LRCX's valuation has undergone a dramatic multi-phase journey. In early 2021, the stock traded in the **Fair** to **Watch** interval (roughly 25.1x–32.7x), with prices in the $50–$66 range sitting comfortably below the 25.1x boundary of ~$51–$81. Through 2022, as the broader market corrected, the stock's price declined sharply into the **Undervalued** and **Value** zones — falling below the 17.6x boundary — reflecting significant multiple compression during the downturn. From 2023 onward, a strong recovery began, with prices climbing back through the **Fair** and **Watch** intervals. By mid-2024, the stock briefly approached the **Overvalued** zone near the 40.2x boundary (~$117), before pulling back in late 2024 into the **Watch** interval. The most notable inflection came in late 2025 and into early 2026, when prices surged dramatically from ~$117 in Q3'25 to over $233 by Q1'26, propelling the stock from the **Fair/Watch** boundary all the way into the upper **Overvalued** zone, nearly touching the **Warning** threshold. The PE stream bands themselves have been gradually expanding upward throughout this period, reflecting improving earnings fundamentals — yet the stock price has risen even faster than earnings growth, driving the valuation multiple to its highest levels in the observed history. This rapid expansion warrants caution for new investors considering entry at current levels.