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Lockheed Martin Corp
NYSE:LMT

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Lockheed Martin Corp
NYSE:LMT
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Price: 513.35 USD -0.02% Market Closed
Market Cap: $118.3B

P/E

24.5
Current
24%
More Expensive
vs 3-y average of 19.8

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
24.5
=
Market Cap
$117.6B
/
Net Income
$4.8B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
24.5
=
Market Cap
$117.6B
/
Net Income
$4.8B

Valuation Scenarios

Lockheed Martin Corp is trading above its 3-year average

If P/E returns to its 3-Year Average (19.8), the stock would be worth $413.44 (19% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-23%
Maximum Upside
+68%
Average Upside
5%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 24.5 $513.35
0%
3-Year Average 19.8 $413.44
-19%
5-Year Average 19 $397.58
-23%
Industry Average 41.2 $862.79
+68%
Country Average 22.9 $478.63
-7%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
$117.6B
/
Mar 2026
$4.8B
=
24.5
Current
$117.6B
/
Dec 2026
$7B
=
16.9
Forward
$117.6B
/
Dec 2027
$7.4B
=
15.8
Forward
$117.6B
/
Dec 2028
$7.9B
=
14.9
Forward
$117.6B
/
Dec 2029
$8.5B
=
13.8
Forward
$117.6B
/
Dec 2030
$9.3B
=
12.6
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
Close

Market Distribution

In line with most companies in the United States of America
Percentile
55th
Based on 8 489 companies
55th percentile
24.5
Low
0 — 15.3
Typical Range
15.3 — 33.2
High
33.2 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 15.3
Median 22.9
70th Percentile 33.2
Max 1 826 183.3

Lockheed Martin Corp
Glance View

Lockheed Martin Corp., a titan in the aerospace and defense industry, operates amidst a world where national security and technological prowess intertwine to shape modern defense capabilities. Founded in 1995 from the merger of Lockheed Corporation and Martin Marietta, the company's storied history stretches back to the early 20th century, marked by innovations that revolutionized aviation and defense. Headquartered in Bethesda, Maryland, Lockheed Martin boasts a sprawling global presence, with operations across various continents, reflecting its status as a critical player in international defense ecosystems. The company’s divisions span aeronautics, missiles and fire control, rotary and mission systems, and space—each contributing to an intricate portfolio of advanced technologies and projects. The beating heart of Lockheed Martin's financial framework is its contract-driven revenue model, particularly through its prodigious work with the U.S. government, which accounts for the lion's share of its sales. The F-35 Lightning II, a multi-role fighter jet, epitomizes Lockheed Martin's prowess and innovation, underpinned by lucrative procurement contracts that ensure steady cash flow. Its expertise also extends to missile systems, radar technologies, and sophisticated space exploration instruments, all backed by ongoing research and development initiatives. Further, the company is pivoting towards cybersecurity and artificial intelligence, recognizing these as domains integral to future defense strategies. Through these avenues, Lockheed Martin not only ensures its growth but also fortifies its indispensable role in shaping the defense frameworks of nations worldwide.

LMT Intrinsic Value
516.85 USD
Undervaluation 1%
Intrinsic Value
Price $513.35
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