The current PE ratio for Lockheed Martin stock as of Jul 25, 2024 is 18.86. This is calculated based on the TTM EPS of $27.65 and the stock price of $521.4 per share. The PE ratio has an increase of 16% from its last 4 quarters average of 16.2.
The average historical PE ratio of Lockheed Martin for the last ten years is 19.49. The current price-to-earnings ratio of 18.86 is 3.2% less 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.
Maximum annual increase: 225.52% in 2017
Maximum annual decrease: -68.64% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 16.39 | -26.76% |
| 2022 | 22.38 | 43.92% |
| 2021 | 15.55 | 6.87% |
| 2020 | 14.55 | -17.47% |
| 2019 | 17.63 | 19.44% |
| 2018 | 14.76 | -68.64% |
| 2017 | 47.07 | 225.52% |
| 2016 | 14.46 | -22.63% |
| 2015 | 18.69 | 10.72% |
| 2014 | 16.88 | 5.5% |
LMT's current PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.
LMT's PE ratio is below its peer stocks GD and NOC.
| Stock name | PE ratio | Market cap |
|---|---|---|
| LMT Lockheed Martin Corp | 18.98 | $125.09B |
| GD General Dynamics Corp | 22.37 | $79.8B |
| NOC Northrop Grumman Corp | 31.17 | $70.24B |
| AVAV AeroVironment Inc | 79.37 | $4.89B |
| BA Boeing Co | N/A | $114.73B |
| KTOS Kratos Defense & Security Solutions Inc | N/A | $3.4B |
LMT stock has a price to earnings ratio of 18.86 as of Jul 25, 2024.
As an average over the last 3 years, LMT stock has a PE ratio of 18.37.
As an average over the last 5 years, LMT stock has a PE ratio of 17.42.
The highest quarterly PE ratio in the last ten years has been 47.07 and it was in the Dec 2017 quarter.
The current PE ratio of LMT is 3.2% lower than the 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 25, 2024), Lockheed Martin's share price is $521.4. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $27.65. Therefore, Lockheed Martin's price to earnings ratio for today is 18.86. PE RATIO(18.86) = STOCK PRICE($521.4) / TTM EPS($27.65)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.