Lockheed Martin Corp
NYSE:LMT

Watchlist Manager
Lockheed Martin Corp Logo
Lockheed Martin Corp
NYSE:LMT
Watchlist
Price: 468.21 USD -0.71% Market Closed
Market Cap: 109.7B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one LMT stock under the Base Case scenario is 647.13 USD. Compared to the current market price of 468.21 USD, Lockheed Martin Corp is Undervalued by 28%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

LMT Relative Value
Base Case
647.13 USD
Undervaluation 28%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.5
P/S
P/S
Price to Sales
1.5
vs History
57
vs Industry
75
Median 3Y
1.6
Median 5Y
1.6
Industry
3.8
Forward
1.5
More Details
19.8
P/E
P/E
Price to Earnings
19.8
vs History
20
vs Industry
48
Median 3Y
19.1
Median 5Y
15.7
Industry
33.2
Forward
17
More Details
16.2
P/OCF
P/OCF
Price to OCF
16.2
vs History
4
vs Industry
45
Median 3Y
14.1
Median 5Y
12.7
Industry
21.2
More Details
18.8
P/FCFE
P/FCFE
Price to FCFE
18.8
vs History
11
vs Industry
38
Median 3Y
14.4
Median 5Y
15.2
Industry
28.1
More Details
16.3
P/B
P/B
Price to Book Value
16.3
vs History
31
vs Industry
6
Median 3Y
12.5
Median 5Y
14.7
Industry
3.5
More Details
1.8
EV/S
EV/S
Enterprise Value to Sales
1.8
vs History
52
vs Industry
70
Median 3Y
1.8
Median 5Y
1.8
Industry
3.7
Forward
1.7
More Details
17.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
17.1
vs History
9
vs Industry
34
Median 3Y
14.7
Median 5Y
13.6
Industry
12.4
More Details
14.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
14.1
vs History
15
vs Industry
47
Median 3Y
12.7
Median 5Y
11.7
Industry
20.5
Forward
11.8
More Details
17.1
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
17.1
vs History
14
vs Industry
49
Median 3Y
14.9
Median 5Y
13.6
Industry
27
Forward
13.8
More Details
18.7
EV/OCF
EV/OCF
Enterprise Value to OCF
18.7
vs History
4
vs Industry
44
Median 3Y
15.9
Median 5Y
14.7
Industry
22.6
More Details
25.3
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
25.3
vs History
1
vs Industry
34
Median 3Y
20.3
Median 5Y
18.7
Industry
30.7
More Details
2.5
EV/IC
EV/IC
Enterprise Value to IC
2.5
vs History
42
vs Industry
44
Median 3Y
2.5
Median 5Y
2.5
Industry
2.5
More Details

Multiples Across Competitors

LMT Competitors Multiples
Lockheed Martin Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Lockheed Martin Corp
NYSE:LMT
109.1B USD 1.5 19.8 14.1 17.1
US
Raytheon Technologies Corp
NYSE:RTX
171.2B USD 2.1 37.2 19.4 33
US
RTX Corp
LSE:0R2N
171B USD 2.1 37.2 19.3 32.9
US
Boeing Co
NYSE:BA
140.1B USD 2 -12 -19.4 -15.9
NL
Airbus SE
PAR:AIR
123.4B EUR 1.8 29.2 15.5 24.4
FR
Safran SA
PAR:SAF
101.6B EUR 3.7 -152.3 18.4 24.8
UK
Rolls-Royce Holdings PLC
LSE:RR
66.3B GBP 3.5 26.3 20.1 27.7
DE
Rheinmetall AG
XETRA:RHM
71.5B EUR 7.3 99.7 39.9 51.4
US
TransDigm Group Inc
NYSE:TDG
78.1B USD 9.6 47.5 24.1 26.1
US
General Dynamics Corp
NYSE:GD
72.6B USD 1.5 18.3 13.3 15.6
UK
BAE Systems PLC
LSE:BA
53.7B GBP 2 27.4 17.1 24.7
P/E Multiple
Earnings Growth PEG
US
Lockheed Martin Corp
NYSE:LMT
Average P/E: 38.1
19.8
12%
1.7
US
Raytheon Technologies Corp
NYSE:RTX
37.2
28%
1.3
US
RTX Corp
LSE:0R2N
37.2
28%
1.3
US
Boeing Co
NYSE:BA
Negative Multiple: -12 N/A N/A
NL
Airbus SE
PAR:AIR
29.2
22%
1.3
FR
Safran SA
PAR:SAF
Negative Multiple: -152.3 N/A N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
26.3
3%
8.8
DE
Rheinmetall AG
XETRA:RHM
99.7
56%
1.8
US
TransDigm Group Inc
NYSE:TDG
47.5
24%
2
US
General Dynamics Corp
NYSE:GD
18.3
10%
1.8
UK
BAE Systems PLC
LSE:BA
27.4
13%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Lockheed Martin Corp
NYSE:LMT
Average EV/EBITDA: 20.1
14.1
10%
1.4
US
Raytheon Technologies Corp
NYSE:RTX
19.4
17%
1.1
US
RTX Corp
LSE:0R2N
19.3
17%
1.1
US
Boeing Co
NYSE:BA
Negative Multiple: -19.4 N/A N/A
NL
Airbus SE
PAR:AIR
15.5
20%
0.8
FR
Safran SA
PAR:SAF
18.4
13%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
20.1
12%
1.7
DE
Rheinmetall AG
XETRA:RHM
39.9
36%
1.1
US
TransDigm Group Inc
NYSE:TDG
24.1
13%
1.9
US
General Dynamics Corp
NYSE:GD
13.3
8%
1.7
UK
BAE Systems PLC
LSE:BA
17.1
11%
1.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Lockheed Martin Corp
NYSE:LMT
Average EV/EBIT: 27.8
17.1
12%
1.4
US
Raytheon Technologies Corp
NYSE:RTX
33
29%
1.1
US
RTX Corp
LSE:0R2N
32.9
29%
1.1
US
Boeing Co
NYSE:BA
Negative Multiple: -15.9 N/A N/A
NL
Airbus SE
PAR:AIR
24.4
27%
0.9
FR
Safran SA
PAR:SAF
24.8
17%
1.5
UK
Rolls-Royce Holdings PLC
LSE:RR
27.7
17%
1.6
DE
Rheinmetall AG
XETRA:RHM
51.4
42%
1.2
US
TransDigm Group Inc
NYSE:TDG
26.1
12%
2.2
US
General Dynamics Corp
NYSE:GD
15.6
9%
1.7
UK
BAE Systems PLC
LSE:BA
24.7
17%
1.5

See Also

Summary
LMT intrinsic value, competitors valuation, and company profile.
DCF Valuation
LMT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
LMT stock valuation using valuation multiples.
Wall Street Estimates
LMT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
LMT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 253,000+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.