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LMT Lockheed Martin PE ratio, current and historical analysis

The current PE ratio for Lockheed Martin stock as of Jun 20, 2024 is 17.0. This is calculated based on the TTM EPS of $27.43 and the stock price of $466.34 per share. The PE ratio has an increase of 4.9% from its last 4 quarters average of 16.2.

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 19.48. The current price-to-earnings ratio of 17.0 is 13% 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.

Average
19.48
Median
16.83
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 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 average PE ratio chart

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

LMT's current PE ratio is under its 3, 5 and 10-year averages.

3-year avg
18.21
5-year avg
17.46
10-year avg
19.48
15-year avg
16.65

LMT PE vs peers

What is LMT's PE ratio compared to its peers

LMT's PE ratio is below its peer stocks GD and NOC.

Stock name PE ratio Market cap
LMT Lockheed Martin Corp 17.05 $112.2B
GD General Dynamics Corp 24.05 $81.83B
NOC Northrop Grumman Corp 30.03 $63.94B
BA Boeing Co N/A $108.39B
KTOS Kratos Defense & Security Solutions Inc N/A $3.1B
AVAV AeroVironment Inc N/A $5.33B

Frequently asked questions

What is Lockheed Martin's PE ratio?

LMT stock has a price to earnings ratio of 17 as of Jun 20, 2024.

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 18.21.

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 17.46.

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 13% lower 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 20, 2024), Lockheed Martin's share price is $466.34. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $27.43. Therefore, Lockheed Martin's price to earnings ratio for today is 17. PE RATIO(17) = STOCK PRICE($466.34) / TTM EPS($27.43)

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