LMT
Lockheed Martin
PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: LMT
- PE Ratio
The current PE ratio for Lockheed Martin stock as of Jun 4, 2026 is 25.04. This is calculated based on the TTM EPS of $20.73 and the stock price of $519.05 per share. The PE ratio has decreased by 4.5% from its last 4 quarters average of 26.2.
LMT PE ratio history
The average historical PE ratio of Lockheed Martin for the last ten years is 20.55. The current price-to-earnings ratio of 25.04 is 22% more than 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.
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 |
|---|---|---|---|---|
| 2025 | 22.43 | 3.36% | $483.67 | $21.56 |
| 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 |
Lockheed Martin PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 29.71 | 32.46% | $615.84 | $20.73 |
| Dec 2025 | 22.43 | -17.11% | $483.67 | $21.56 |
| Sep 2025 | 27.06 | 5.37% | $487.44 | $18.01 |
| Jun 2025 | 25.68 | 35.37% | $458.59 | $17.86 |
| 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 |
LMT Price vs fair value
LMT average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
LMT's current PE ratio is higher than the 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 25.04, LMT stands lower than the Industrials sector and the industry average. Looking at the Industrials sector average of 29.85, Lockheed Martin's price to earnings (P/E) is 16% lower.
LMT PE vs peers
LMT's PE ratio is less than its peer stocks BA and KTOS, but it is above GD's and NOC's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NOC Northrop Grumman Corp | 17.18 | $78.06B |
| GD General Dynamics Corp | 21.5 | $93.71B |
| LMT Lockheed Martin Corp | 25.46 | $121.68B |
| BA Boeing Co | 84.49 | $171.17B |
| KTOS Kratos Defense & Security Solutions Inc | 332.22 | $11.21B |
| AVAV AeroVironment Inc | N/A | $9.5B |
Frequently asked questions
What is Lockheed Martin's PE ratio?
LMT stock has a price to earnings ratio of 25.04 as of Jun 4, 2026.
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 20.69.
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 20.1.
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 22% 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 4, 2026), Lockheed Martin's share price is $519.05. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $20.73. Therefore, Lockheed Martin's price to earnings ratio for today is 25.04. PE RATIO(25.04) = STOCK PRICE($519.05) / TTM EPS($20.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.