Lockheed Martin Corporation is an American armaments and technology group that is primarily active in the military, civil aviation and aerospace industries. Nearly 80% of the $46 billion in revenue in 2014 was generated from purchases by the United States government.
Lockheed Martin Corporation was founded in March 1995 and is a merger of Lockheed Corporation and Martin Marietta Corporation. In 1996, Loral Corporation was bought for $9.1 billion. As a result of the merger and severe financial problems in the late 1990s, large parts of the group were sold to the British competitor BAE Systems. BAE Systems temporarily replaced Lockheed Martin as the largest armaments company in the world. After an extensive renovation, Lockheed Martin was able to claim this title again in 2004.
Lockheed Martin (LMT) - P/B ratio
P/B ratio as of April 2024 : 16.0
According to Lockheed Martin's latest financial reports the company has a price-to-book ratio of 16.0.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.
Lockheed Martin - P/B ratio (from 2001 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 16.5 | 19.57% |
| 2022-12-31 | 13.8 | 56.56% |
| 2021-12-31 | 8.79 | -46.57% |
| 2020-12-31 | 16.4 | -52.33% |
| 2019-12-31 | 34.5 | -32.05% |
| 2018-12-31 | 50.8 | -142.8% |
| 2017-12-31 | -119 | -360.18% |
| 2016-12-31 | 45.6 | 113.21% |
| 2015-12-31 | 21.4 | 19.49% |
| 2014-12-31 | 17.9 | 84.45% |
| 2013-12-31 | 9.70 | -98.72% |
| 2012-12-31 | 760 | 2804.77% |
| 2011-12-31 | 26.2 | 275.89% |
| 2010-12-31 | 6.96 | 2.21% |
| 2009-12-31 | 6.81 | -41.48% |
| 2008-12-31 | 11.6 | 165.49% |
| 2007-12-31 | 4.38 | -22.19% |
| 2006-12-31 | 5.63 | 59.34% |
| 2005-12-31 | 3.53 | 1.25% |
| 2004-12-31 | 3.49 | 2.57% |
| 2003-12-31 | 3.40 | -24.17% |
| 2002-12-31 | 4.49 |
P/B ratio for similar companies or competitors
| Company | P/B ratio | differencediff. | Country |
|---|---|---|---|
 Boeing BA | -6.06 | -137.75% | 🇺🇸 USA |
 General Dynamics GD | 3.66 | -77.16% | 🇺🇸 USA |
 Northrop Grumman NOC | 4.53 | -71.79% | 🇺🇸 USA |
 Kratos Defense & Security Solutions KTOS | 2.67 | -83.39% | 🇺🇸 USA |
 AeroVironment AVAV | 5.07 | -68.38% | 🇺🇸 USA |