Lockheed Martin Corporation LMT
519.56
(4.14)
(0.79%)
as of 25 Sep
- Market cap
- $120.7B
- P/E
- 19.1×
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Lockheed Martin Corporation (LMT) P/B ratio
As of 25 September 2026, Lockheed Martin Corporation (LMT) trades at a P/B ratio of 13.6×. Over the past ten years it has ranged from 0.0× (June 2018) to 206× (September 2018); the current reading is higher than 23% of that period. That is above the Aerospace & Defense industry median of 3.2× and above the Industrials sector median of 2.4×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 16.7× | (8.42%) |
| FY2024 | 18.3× | 9.47% |
| FY2023 | 16.7× | 22.91% |
| FY2022 | 13.6× | 51.61% |
| FY2021 | 9.0× | (45.55%) |
| FY2020 | 16.5× | (52.46%) |
| FY2019 | 34.6× | (32.64%) |
| FY2018 | 51.4× | — |
| FY2017 | 0.0× | — |
| FY2016 | 47.2× | 116.98% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 13.4× | (27.91%) |
| Mar 2026 | 18.6× | 10.80% |
| Dec 2025 | 16.7× | (10.59%) |
| Sep 2025 | 18.7× | (7.62%) |
| 42 more quarters | Free account |
Against its own ten years
Low 0.0×
High 206×
Ten-year median
18.7×
Current reading's percentile
23
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| TDG Transdigm Group Incorporated compare | n/m |
| LHX L3Harris Technologies Inc compare | 2.2× |
| GD General Dynamics Corporation compare | 3.4× |
| RTX RTX Corporation compare | 3.8× |
| NOC Northrop Grumman Corporation compare | 4.1× |
| RKLB Rocket Lab Corporation compare | 13.3× |
| LMT Lockheed Martin Corporation | 13.6× |
| HWM Howmet Aerospace Inc. compare | 16.2× |
| BA The Boeing Company compare | 25.6× |
| Aerospace & Defense industry median | 3.2× |
| Industrials sector median | 2.4× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on LMT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement