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/E ratio

As of 25 September 2026, Lockheed Martin Corporation (LMT) trades at a P/E ratio of 19.1×. Over the past ten years it has ranged from 12.5× (March 2020) to 52.2× (February 2018); the current reading is higher than 56% of that period. That is below the Aerospace & Defense industry median of 33.0× and below the Industrials sector median of 24.8×.

P/E ratio, daily

Annual

Period P/E ratio Change
FY2025 22.4× 3.18%
FY2024 21.7× 31.75%
FY2023 16.5× (24.70%)
FY2022 21.9× 40.83%
FY2021 15.6× 6.96%
FY2020 14.5× (17.50%)
FY2019 17.6× 19.48%
FY2018 14.8× (67.94%)
FY2017 46.0× 216.01%
FY2016 14.6× (22.12%)

Quarterly

Period P/E ratio Change
Jun 2026 18.7× (35.88%)
Mar 2026 29.2× 29.96%
Dec 2025 22.4× (19.25%)
Sep 2025 27.8× 6.89%
42 more quarters

Against its own ten years

Low 12.5× High 52.2×
Ten-year median 18.4×
Current reading's percentile 56

P/E ratio against peers

Company P/E ratio
RKLB Rocket Lab Corporation compare n/m
NOC Northrop Grumman Corporation compare 16.2×
LMT Lockheed Martin Corporation 19.1×
GD General Dynamics Corporation compare 20.3×
LHX L3Harris Technologies Inc compare 23.9×
RTX RTX Corporation compare 32.9×
TDG Transdigm Group Incorporated compare 33.9×
HWM Howmet Aerospace Inc. compare 49.9×
BA The Boeing Company compare 74.2×
Aerospace & Defense industry median 33.0×
Industrials sector median 24.8×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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