Lockheed Martin Corp banner

Lockheed Martin Corp
NYSE:LMT

Watchlist Manager
Lockheed Martin Corp Logo
Lockheed Martin Corp
NYSE:LMT
Watchlist
Price: 555.43 USD -2.89% Market Closed
Market Cap: $128B

EV/EBIT

18.4
Current
12%
More Expensive
vs 3-y average of 16.5

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
18.4
=
Enterprise Value
$168.8B
/
EBIT
$7.8B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
18.4
=
Enterprise Value
$168.8B
/
EBIT
$7.8B

Valuation Scenarios

Lockheed Martin Corp is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (16.5), the stock would be worth $497.76 (10% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-21%
Maximum Upside
+48%
Average Upside
6%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 18.4 $555.43
0%
3-Year Average 16.5 $497.76
-10%
5-Year Average 14.5 $436.73
-21%
Industry Average 27.3 $824.13
+48%
Country Average 19.6 $591.84
+7%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
$168.8B
/
Jan 2026
$7.8B
=
18.4
Current
$168.8B
/
Dec 2026
$9.7B
=
17.4
Forward
$168.8B
/
Dec 2027
$10.1B
=
16.7
Forward
$168.8B
/
Dec 2028
$10.6B
=
16
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
US
Lockheed Martin Corp
NYSE:LMT
127.2B USD 18.4 25.4
US
RTX Corp
LSE:0R2N
245.4B USD 29.3 36.4
US
Raytheon Technologies Corp
NYSE:RTX
242.6B USD 29.1 36
US
Boeing Co
NYSE:BA
181.5B USD -36.5 96
NL
Airbus SE
PAR:AIR
130.9B EUR 21.7 25.1
FR
Safran SA
PAR:SAF
113.6B EUR 25 15.8
UK
Rolls-Royce Holdings PLC
LSE:RR
95.7B GBP 20.6 16.2
US
Howmet Aerospace Inc
NYSE:HWM
96.7B USD 46.3 64.2
US
General Dynamics Corp
NYSE:GD
86.7B USD 17.2 20.6
UK
BAE Systems PLC
LSE:BA
63.4B GBP 24.9 30
US
Northrop Grumman Corp
NYSE:NOC
83.7B USD 22 20
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Lockheed Martin Corp
NYSE:LMT
Average EV/EBIT: 25.4
18.4
11%
1.7
US
RTX Corp
LSE:0R2N
29.3
17%
1.7
US
Raytheon Technologies Corp
NYSE:RTX
29.1
17%
1.7
US
Boeing Co
NYSE:BA
Negative Multiple: -36.5 N/A N/A
NL
Airbus SE
PAR:AIR
21.7
25%
0.9
FR
Safran SA
PAR:SAF
25
20%
1.2
UK
Rolls-Royce Holdings PLC
LSE:RR
20.6
4%
5.2
US
Howmet Aerospace Inc
NYSE:HWM
46.3
17%
2.7
US
General Dynamics Corp
NYSE:GD
17.2
8%
2.1
UK
BAE Systems PLC
LSE:BA
24.9
19%
1.3
US
Northrop Grumman Corp
NYSE:NOC
22
8%
2.7

Market Distribution

In line with most companies in the United States of America
Percentile
46th
Based on 8 638 companies
46th percentile
18.4
Low
0 — 13.6
Typical Range
13.6 — 27.8
High
27.8 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 13.6
Median 19.6
70th Percentile 27.8
Max 1 826 183.2

Lockheed Martin Corp
Glance View

Lockheed Martin Corp., a titan in the aerospace and defense industry, operates amidst a world where national security and technological prowess intertwine to shape modern defense capabilities. Founded in 1995 from the merger of Lockheed Corporation and Martin Marietta, the company's storied history stretches back to the early 20th century, marked by innovations that revolutionized aviation and defense. Headquartered in Bethesda, Maryland, Lockheed Martin boasts a sprawling global presence, with operations across various continents, reflecting its status as a critical player in international defense ecosystems. The company’s divisions span aeronautics, missiles and fire control, rotary and mission systems, and space—each contributing to an intricate portfolio of advanced technologies and projects. The beating heart of Lockheed Martin's financial framework is its contract-driven revenue model, particularly through its prodigious work with the U.S. government, which accounts for the lion's share of its sales. The F-35 Lightning II, a multi-role fighter jet, epitomizes Lockheed Martin's prowess and innovation, underpinned by lucrative procurement contracts that ensure steady cash flow. Its expertise also extends to missile systems, radar technologies, and sophisticated space exploration instruments, all backed by ongoing research and development initiatives. Further, the company is pivoting towards cybersecurity and artificial intelligence, recognizing these as domains integral to future defense strategies. Through these avenues, Lockheed Martin not only ensures its growth but also fortifies its indispensable role in shaping the defense frameworks of nations worldwide.

LMT Intrinsic Value
503.11 USD
Overvaluation 9%
Intrinsic Value
Price $555.43
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett