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LMT Lockheed Martin PE ratio, current and historical analysis

The current PE ratio for Lockheed Martin stock as of Jun 24, 2025 is 19.78. This is calculated based on the TTM EPS of $23.27 and the stock price of $460.2 per share. The current PE ratio is nearly the same compared to the last four quarters average.

LMT PE ratio history

How has LMT's PE ratio performed in the past

The average historical PE ratio of Lockheed Martin for the last ten years is 19.71. The current price-to-earnings ratio of 19.78 is in line with the historical average. Analyzing the last ten years, LMT's PE ratio reached its highest point in the Dec 2017 quarter at 47.07, when the price was $321.05 and the EPS was $6.82. The lowest point was recorded in the Sep 2016 quarter, when it reached 14.14 with a price of $245.84 and an EPS of $17.39.

Today
19.72
Average
19.71
Median
17.24
Minimum
14.14
Maximum
47.07

Lockheed Martin PE ratio by year

Maximum annual increase: 225.52% in 2017

Maximum annual decrease: -68.64% in 2018

Year PE ratio PE change Price EPS
2024 21.7 32.4% $485.94 $22.39
2023 16.39 -26.76% $453.24 $27.65
2022 22.38 43.92% $486.49 $21.74
2021 15.55 6.87% $355.41 $22.85
2020 14.55 -17.47% $354.98 $24.4
2019 17.63 19.44% $389.38 $22.09
2018 14.76 -68.64% $261.84 $17.74
2017 47.07 225.52% $321.05 $6.82
2016 14.46 -22.63% $249.94 $17.28
2015 18.69 10.72% $217.15 $11.62
2014 16.88 5.5% $192.57 $11.41
2013 16 47.06% $148.66 $9.29
2012 10.88 6.25% $92.29 $8.48
2011 10.24 15.71% $80.9 $7.9
2010 8.85 -9.23% $69.91 $7.9

Lockheed Martin PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
Mar 2025 18.97 -12.58% $441.49 $23.27
Dec 2024 21.7 3.33% $485.94 $22.39
Sep 2024 21 24.33% $582.36 $27.73
Jun 2024 16.89 1.87% $467.1 $27.65
Mar 2024 16.58 1.16% $454.87 $27.43
Dec 2023 16.39 8.61% $453.24 $27.65
Sep 2023 15.09 -10.02% $413.65 $27.41
Jun 2023 16.77 -22.61% $459.36 $27.39
Mar 2023 21.67 -3.17% $474.54 $21.9
Dec 2022 22.38 18.29% $486.49 $21.74
Sep 2022 18.92 -21.79% $413.07 $21.83
Jun 2022 24.19 21.01% $419.04 $17.32
Mar 2022 19.99 28.55% $453.66 $22.7
Dec 2021 15.55 -3.24% $355.41 $22.85
Sep 2021 16.07 7.71% $349.52 $21.75

LMT Price vs fair value

How does LMT's price compare to its estimated fair value based on its growth

LMT average PE ratio chart

What is the average PE ratio of LMT for the past years

LMT's current PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
19.21
5-year avg
17.92
10-year avg
19.71
15-year avg
17.27

LMT PE vs peers

What is LMT's PE ratio compared to its peers

LMT's PE ratio is less than its peer stocks KTOS and AVAV, but it is above GD's and NOC's.

Stock name PE ratio Market cap
NOC Northrop Grumman Corp 19.18 $70.07B
GD General Dynamics Corp 19.6 $76.7B
LMT Lockheed Martin Corp 19.72 $107.54B
AVAV AeroVironment Inc 202.82 $6.7B
KTOS Kratos Defense & Security Solutions Inc 327.85 $6.54B
BA Boeing Co N/A $150.05B

Frequently asked questions

What is Lockheed Martin's PE ratio?

LMT stock has a price to earnings ratio of 19.78 as of Jun 24, 2025.

What is the 3-year average PE ratio for Lockheed Martin (LMT)?

As an average over the last 3 years, LMT stock has a PE ratio of 19.21.

What is the 5-year average PE ratio for Lockheed Martin (LMT)?

As an average over the last 5 years, LMT stock has a PE ratio of 17.92.

What is the highest PE ratio for LMT?

The highest quarterly PE ratio in the last ten years has been 47.07 and it was in the Dec 2017 quarter.

How does the current PE ratio for LMT compare to its historical average?

The current PE ratio of LMT is 0.4% higher than the 10-year historical average.

How is LMT's PE ratio calculated (Lockheed Martin PE ratio formula)?

The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jun 24, 2025), Lockheed Martin's share price is $460.2. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $23.27. Therefore, Lockheed Martin's price to earnings ratio for today is 19.78. PE RATIO(19.78) = STOCK PRICE($460.2) / TTM EPS($23.27)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.