Lockheed Martin Corporation Ratios | P/E, ROE & Valuation

On the Key Ratios page for Lockheed Martin Corporation (LMT), the latest P/E of 24.5 frames valuation, while ROE 74.53% and ROIC 16.84% indicates profitability and capital efficiency. Together with the current ratio of 1.14 and debt-to-equity 2.76, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

LMT Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$326.73$298.12$269.96$250.22$242.56$233.56$212.10$188.97$173.59$158.00
Net Income per Share$20.85$22.39$27.65$21.74$22.85$24.40$22.09$17.74$6.96$17.71
Operating Cash Flow per Share$32.05$29.26$31.64$29.59$33.36$29.23$25.93$11.03$22.50$17.34
Free Cash Flow per Share$24.63$22.19$24.89$23.25$27.85$22.92$20.66$6.54$18.41$13.79
Cash per Share$8.24$10.42$5.76$9.66$13.04$11.29$5.37$2.71$9.94$6.14
Book Value per Share$32.58$26.58$27.31$35.14$39.65$21.56$11.24$5.09$-2.12$5.37
Tangible Book Value per Share$-24.59$-28.32$-24.67$-15.07$-9.26$-27.79$-37.75$-45.04$-52.86$-44.27
Interest Debt per Share$94.89$94.23$73.41$61.32$44.30$45.57$47.19$51.92$51.82$49.93
CAPEX per Share$7.42$7.07$6.76$6.33$5.51$6.31$5.26$4.49$4.09$3.55

LMT Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)24.5421.716.3922.3815.5614.5517.6314.7646.1514.11
Price to Book (P/B)15.6218.2916.613.848.9616.5235.1253.44-135.2849.51
Price to Sales (P/S)1.561.631.681.941.471.521.841.391.851.58
Enterprise Value to EBITDA16.0715.2812.416.2311.2110.7213.3211.4514.6413.16
EV to Sales1.811.91.922.141.591.662.021.632.081.85
EV to Operating Cash Flow18.4719.3316.3518.1111.5313.2516.5427.9916.0316.81
EV to Free Cash Flow24.0425.4820.7823.0413.8116.8920.7647.2219.5921.15
Enterprise Value$136.11B$134.73B$129.46B$141.29B$106.31B$108.40B$120.95B$87.83B$103.80B$87.25B

LMT Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)74.53%84.26%101.24%61.86%57.62%113.60%199.23%361.98%-293.12%350.89%
Return on Invested Capital (ROIC)16.84%16.19%20.37%19.30%20.69%19.40%21.12%19.82%7.13%12.83%
Return on Tangible Assets10.40%12.54%17.54%14.46%16.91%18.52%18.48%16.48%6.27%16.09%
Earnings Yield4.10%4.61%6.10%4.47%6.43%6.87%5.67%6.77%2.17%7.09%
Free Cash Flow Yield4.83%4.57%5.49%4.78%7.84%6.46%5.31%2.50%5.73%5.52%
Dividend Yield2.68%2.64%2.69%2.35%2.99%2.78%2.33%3.15%2.34%2.74%

LMT Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio1.141.131.211.321.421.391.221.121.381.2
Interest Coverage6.636.779.2913.416.0314.6313.0910.9810.368.88
Income Quality1.541.311.141.361.461.21.170.623.230.98
Debt to Equity2.763.382.551.681.072.024.0510.12-20.889.45
Debt to Assets34.94%38.51%33.28%29.40%22.95%24.00%26.62%31.43%30.66%29.87%
Net Debt to EBITDA2.222.151.531.490.850.891.231.741.611.88

LMT Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover4.134.644.414.455.355.685.234.514.875.77
Payables Turnover14.3928.8525.5627.2574.3464.4840.1619.3129.7125.34
Inventory Turnover15.9318.4618.8718.6819.4516.0114.2215.489.718.97
Days Sales Outstanding88.4778.6582.738268.2864.3169.7680.974.9463.31
Days Payables Outstanding25.3712.6514.2813.394.915.669.0918.912.2814.4
Days of Inventory on Hand22.9119.7819.3519.5418.7722.825.6823.5837.5740.69

LMT Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA16.0715.2812.416.2311.2110.7213.3211.4514.6413.16
Market Cap$117.30B$115.80B$113.45B$128.29B$98.24B$99.39B$109.81B$74.49B$92.40B$74.81B
Enterprise Value$136.11B$134.73B$129.46B$141.29B$106.31B$108.40B$120.95B$87.83B$103.80B$87.25B
Dividend Yield2.68%2.64%2.69%2.35%2.99%2.78%2.33%3.15%2.34%2.74%
Payout Ratio65.74%57.33%44.16%52.62%46.56%40.45%41.03%46.51%108.04%38.63%

Frequently Asked Questions

Is Lockheed Martin Corporation stock overvalued based on its P/E ratio?

On this page, LMT's current P/E is 24.5, compared with a multi-year average around 20.8. A higher P/E versus its own history can indicate the market is pricing in stronger earnings growth or better durability. To judge whether the premium is justified, cross-check profitability (ROE/ROIC), liquidity (current ratio), and leverage (debt-to-equity) so you can separate quality strength from expectations alone.

What is Lockheed Martin Corporation market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $117.30B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Lockheed Martin Corporation compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Lockheed Martin Corporation's own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Lockheed Martin Corporation compare to its competitors in key financial ratios?

The fastest way to compare Lockheed Martin Corporation with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Lockheed Martin Corporation outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Lockheed Martin Corporation financially strong based on its ratios?

To assess whether Lockheed Martin Corporation is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 1.14, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 6.63, implying a stronger ability to cover interest expenses. Debt-to-equity is about 2.76, suggesting higher leverage than a low-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Lockheed Martin Corporation's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Lockheed Martin Corporation is sustaining strong returns (for example ROE at 74.53% and ROIC at 16.84%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.