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.
P/E ratio for Lockheed Martin (LMT)
P/E ratio as of April 2024 (TTM): 16.9
According to Lockheed Martin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.9195. At the end of 2022 the company had a P/E ratio of 22.3.
P/E ratio history for Lockheed Martin from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.3 | 43.48% |
| 2021 | 15.6 | 6.96% |
| 2020 | 14.5 | -17.5% |
| 2019 | 17.6 | 19.48% |
| 2018 | 14.8 | -68.19% |
| 2017 | 46.4 | 222.8% |
| 2016 | 14.4 | -23.16% |
| 2015 | 18.7 | 10.82% |
| 2014 | 16.9 | 5.58% |
| 2013 | 16.0 | 46.88% |
| 2012 | 10.9 | 6.41% |
| 2011 | 10.2 | 16.31% |
| 2010 | 8.79 | -9.67% |
| 2009 | 9.74 | -6.68% |
| 2008 | 10.4 | -27.65% |
| 2007 | 14.4 | -7.44% |
| 2006 | 15.6 | 1.61% |
| 2005 | 15.3 | -21.06% |
| 2004 | 19.4 | -10.82% |
| 2003 | 21.8 | -57.38% |
| 2002 | 51.1 | -368.29% |
| 2001 | -19.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Boeing BA | -35.5 | -309.77% | 🇺🇸 USA |
 General Dynamics GD | 23.6 | 39.51% | 🇺🇸 USA |
 Northrop Grumman NOC | 16.0 | -5.58% | 🇺🇸 USA |
 Kratos Defense & Security Solutions KTOS | -86.4 | -610.65% | 🇺🇸 USA |
 AeroVironment AVAV | -27.0 | -259.43% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.