Lockheed Martin Corporation LMT

519.56 (4.14) (0.79%) as of 25 Sep
Market cap
$120.7B
P/E
19.1×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

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))

The full definition of P/B ratio →

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