Lamb Weston Holdings, Inc.
$56.06
+0.83 (+1.50%) · delayed · Nov 13, 2026
Five-year price
52w $37.62 to $61.00
- Market cap
- $7.7B
- Enterprise value
- $11.6B
- P/E
- 27.0×
- 17.6× on 3y avg EPS
- EV / EBIT
- 19.6×
- FCF yield
- 7.0%
- ROIC
- 7.2%
- Debt / equity
- 2.15
- Piotroski F
- 7/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
67
- ○ROIC > 12% (5y avg)5y avg ROIC 11.6%
- ●ROE > 15% (5y avg)5y avg ROE 40.8%
- ●Stable operating marginsMargin volatility 3.2% (σ, 5y)
- ○Earnings convert to cashFCF / net income 61% (5y avg)
- ●Growing revenueRevenue CAGR 5y 12.5%
- ●Shrinking share countDiluted shares -5.4% over 5y
Value
20
- ○P/E below 15P/E 27.0
- ○EV/EBIT below 12EV/EBIT 19.6
- ●FCF yield above 6%FCF yield 7.0%
- ○Price below Graham NumberGraham Number $24.90
- ○P/B below 3P/B 4.2
Safety
25
- ○Debt / equity below 0.5D/E 2.15
- ○Debt payable in < 4 yrs of earningsNet debt $3.9B
- –Interest coverage > 8xCoverage n/ax
- ○Current ratio > 1.5Current ratio 1.42
- ●Piotroski F-score ≥ 6F-score 7/9
Graham Defensive
43
- ●Adequate size (revenue > $2B)Revenue $6.6B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.42
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ○Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 16%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 17.6
- ○P/E × P/B ≤ 22.5Product 74.5
Valuation lab
What do you have to believe?
At $56.06, the market is pricing in about 6.6% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $3.9B · 138M shares · 5y revenue CAGR 12.5%
Intrinsic value
$98.78
Price
$56.06
Margin of safety
43%
What the price implies
The market is paying for 6.6% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
64% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,168 | 3,424 | 3,757 | 3,792 | 3,671 | 4,099 | 5,351 | 6,468 | 6,451 | 6,612 |
| Gross profit | 779 | 880 | 1,004 | 895 | 832 | 832 | 1,432 | 1,767 | 1,399 | 1,360 |
| Operating income | 518 | 580 | 668 | 557 | 475 | 444 | 882 | 1,065 | 665 | 591 |
| Operating margin | 16.4% | 16.9% | 17.8% | 14.7% | 12.9% | 10.8% | 16.5% | 16.5% | 10.3% | 8.9% |
| Pre-tax income | 510 | 555 | 621 | 478 | 408 | 273 | 1,234 | 956 | 500 | 418 |
| Income tax | 170 | 121 | 134 | 112 | 91 | 72 | 225 | 230 | 143 | 128 |
| Net income | 327 | 417 | 479 | 366 | 318 | 201 | 1,009 | 726 | 357 | 290 |
| EPS (diluted) | 2.22 | 2.82 | 3.18 | 2.49 | 2.16 | 1.38 | 6.95 | 4.98 | 2.50 | 2.08 |
| Diluted shares | 147 | 147 | 147 | 147 | 147 | 146 | 145 | 146 | 143 | 139 |
Who owns it