Forward PE Ratio: 17.63
The forward PE ratio is 17.63 as of Thursday, July 9, 2026.
Forward PE Ratio (17.63) = Close Price ($518.26) / Consensus Forward EPS ($29.95)
LMT Forward PE Ratio Metrics
FORWARD PE RATIO
17.63
LMT Competitors' Forward PE Ratio
Lockheed Martin Corporation
Market Cap
$119.49B
Forward PE Ratio
17.63
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Lockheed Martin Corporation (LMT) | $119.49B | 17.63 |
| Parker-Hannifin Corporation (PH)vs › | $119.68B | 30.01 |
| Vertiv Holdings Co (VRT)vs › | $124.42B | 48.96 |
| Howmet Aerospace Inc. (HWM)vs › | $109.54B | 53.68 |
| Trane Technologies plc (TT)vs › | $104.34B | 31.67 |
| General Dynamics Corporation (GD)vs › | $101.30B | 22.41 |
| Quanta Services, Inc. (PWR)vs › | $100.27B | 47.58 |
| Automatic Data Processing, Inc. (ADP)vs › | $96.45B | 21.80 |
| Waste Management, Inc. (WM)vs › | $93.03B | 28.59 |
| Cummins Inc. (CMI)vs › | $92.92B | 23.03 |
Trailing vs Forward
Trailing P/E
25.6
reported TTM EPS
Forward P/E
17.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $29.95 implies +45.0% EPS growth vs the reported trailing $20.65.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $518.26 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $29.95 | $29.55 – $30.28 | 16 | 17.3x |
| 2027-12-31 | $32.07 | $31.05 – $34.43 | 16 | 16.2x |
| 2028-12-31 | $34.37 | $30.82 – $37.19 | 14 | 15.1x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for Lockheed Martin Corporation (LMT)?
- The forward PE ratio for LMT stock is 17.63.
Related Metrics
About Lockheed Martin Corporation
Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics division is responsible for creating and producing leading-edge combat and air mobility aircraft, alongside unmanned aerial vehicles and their related innovations. The Missiles and Fire Control segment delivers sophisticated air and missile defense systems; tactical and precision air-to-ground weapon systems; comprehensive logistics; advanced fire control; mission operations, readiness, engineering support, and integration services; both crewed and uncrewed ground vehicles; and energy management solutions. Within the Rotary and Mission Systems segment, the portfolio includes military and commercial helicopters, naval surface ships, land and sea-based missile defense systems, advanced radar technologies, maritime and airborne mission and combat systems, intricate command and control solutions, cybersecurity services, and simulation and training platforms. The Space division focuses on satellites, space transportation systems, strategic, advanced strike, and defensive missile systems, as well as classified systems and services vital for national security. This segment further enhances situational awareness through network enablement, integrating space and ground-based systems to empower customers in gathering, analyzing, and securely distributing crucial intelligence data. Lockheed Martin primarily serves the United States government, alongside fulfilling foreign military sales facilitated through U.S. government contracts. Established in 1912, the corporation maintains its headquarters in Bethesda, Maryland.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- James D. Taiclet Jr.