LMT Lockheed Martin PE ratio, current and historical analysis
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- Industrials
- NYSE: LMT
- PE Ratio
The current PE ratio for Lockheed Martin stock as of Jun 3, 2025 is 20.63. This is calculated based on the TTM EPS of $23.27 and the stock price of $480.17 per share. The PE ratio has an increase of 5% from its last 4 quarters average of 19.6.
LMT PE ratio history
The average historical PE ratio of Lockheed Martin for the last ten years is 19.71. The current price-to-earnings ratio of 20.63 is 4.7% 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 |
|---|---|---|---|---|
| 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
LMT average PE ratio chart
LMT's current PE ratio is higher than the 3, 5 and 10-year averages.
LMT PE vs 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 |
|---|---|---|
| GD General Dynamics Corp | 18.86 | $73.82B |
| NOC Northrop Grumman Corp | 19.36 | $70.71B |
| LMT Lockheed Martin Corp | 20.72 | $112.98B |
| AVAV AeroVironment Inc | 156.82 | $5.18B |
| KTOS Kratos Defense & Security Solutions Inc | 308.46 | $6.15B |
| BA Boeing Co | N/A | $159.83B |
Frequently asked questions
What is Lockheed Martin's PE ratio?
LMT stock has a price to earnings ratio of 20.63 as of Jun 3, 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 4.7% 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 3, 2025), Lockheed Martin's share price is $480.17. 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 20.63. PE RATIO(20.63) = STOCK PRICE($480.17) / TTM EPS($23.27)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.