• Lam Research average price/book ratio for 2023 was 10.32, a 20.14% increase from 2022.
• Lam Research average price/book ratio for 2022 was 8.59, a 41.12% increase from 2021.
• Lam Research average price/book ratio for 2021 was 14.59, a 61.39% decline from 2020.

Price/book ratio can be defined as