LMTLockheed Martin

Industrials

$604.45+25% 1Y

$604.45

$434.0552 weeks$672.30

Is the price fair?

Fair

Neither cheap nor expensive: cheap vs its sector, but at the top of its own P/E range.

1 good, 1 to watch, 1 neutral

What the price assumes~+3% a year

Priced for ~3% a year FCF growth. Roughly in line with its three-year revenue growth of 5% a year.

Vs its own P/E rangedearer than 78% of its own historyderived

Expensive vs its own history: P/E 21.5 vs a 15.7 median over 41 quarters (+37% vs median).

Vs sector (EV/EBIT)16.6×

Sector median 21.2× across 246 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.

Unless marked, from derived, as of Sep 27, 2026.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

P/E (valuation)middle of the market

FCF yieldmiddle of the market

Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.

What LMT's price assumes

Lockheed Martin trades at 21.5× earnings against 33.5× for the median Aerospace & Defense name, cheaper than its own group.

21.5

Trailing P/E · Aerospace & Defense median 33.5 · cheaper than the typical name in its group

Price / sales: 1.76
Price / sales · today's price, trailing year to Sep 27, 2026
Free cash flow yield: 6.0%
Free cash flow yield · Aerospace & Defense median 3.1%
Growth the price implies: +3.2%
Growth the price implies · The price pays for +3.2% free cash flow growth a year for a decade; the business has delivered +13% a year over the last three.

Details›

Price / booktoday's price, trailing year to Sep 27, 2026: 13.9
EV / EBITtoday's price, trailing year to Sep 27, 2026: 16.6
EV / salestoday's price, trailing year to Sep 27, 2026: 1.95
Industrials median P/E434 names: 26.2
Aerospace & Defense median P/E59 names: 33.5
Free cash flow, trailing twelve months: $8.38B
Market capitalisation231.0 million shares, counted Oct 19, 2026: $139.6B
3-year revenue growth: +5.3%
3-year free cash flow growth: +13%

What the market has paid for these earnings: 41 quarters of its own multiple × $28.15 of trailing earnings per share
Method	Per share
Its own P/E history, lower quartile	$376.22
Its own P/E history, median	$441.51
Its own P/E history, upper quartile	$575.86
52-week range	$434.05 – $672.30
Today	$604.45

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.