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LMTLockheed Martin Corporation

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

LMT

Lockheed Martin Corporation

Current

Market Cap

$119.49B

Forward PE Ratio

17.63

PH

Parker-Hannifin Corporation

vs LMT

Market Cap

$119.68B

Forward PE Ratio

30.01

VRT

Vertiv Holdings Co

vs LMT

Market Cap

$124.42B

Forward PE Ratio

48.96

HWM

Howmet Aerospace Inc.

vs LMT

Market Cap

$109.54B

Forward PE Ratio

53.68

TT

Trane Technologies plc

vs LMT

Market Cap

$104.34B

Forward PE Ratio

31.67

GD

General Dynamics Corporation

vs LMT

Market Cap

$101.30B

Forward PE Ratio

22.41

PWR

Quanta Services, Inc.

vs LMT

Market Cap

$100.27B

Forward PE Ratio

47.58

ADP

Automatic Data Processing, Inc.

vs LMT

Market Cap

$96.45B

Forward PE Ratio

21.80

WM

Waste Management, Inc.

vs LMT

Market Cap

$93.03B

Forward PE Ratio

28.59

CMI

Cummins Inc.

vs LMT

Market Cap

$92.92B

Forward PE Ratio

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 Estimates

At 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 endConsensus EPSEstimate rangeAnalystsImplied P/E
2026-12-31$29.95$29.55 – $30.281617.3x
2027-12-31$32.07$31.05 – $34.431616.2x
2028-12-31$34.37$30.82 – $37.191415.1x

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.

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.

Bethesda, MD
121,000 employees
Industrials / Aerospace & Defense
Sector
Industrials
Industry
Aerospace & Defense
CEO
James D. Taiclet Jr.