Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 18.52.
Forward PE Ratio (18.52) = Close Price ($563.57) / Consensus Forward EPS ($30.43)
FORWARD PE RATIO
18.52
SECTOR MEDIAN · INDUSTRIALS
24.18
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
-23.42%
vs the sector median at left
Lockheed Martin Corporation
Market Cap
$130.07B
Forward PE Ratio
18.52
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Lockheed Martin Corporation (LMT) | $130.07B | 18.52 |
| Parker-Hannifin Corporation (PH)vs › | $126.31B | 32.00 |
| Siemens Energy AG (SMEGF)vs › | $150.55B | 33.84 |
| Howmet Aerospace Inc. (HWM)vs › | $108.70B | 51.16 |
| General Dynamics Corporation (GD)vs › | $103.97B | 22.65 |
| Vertiv Holdings Co (VRT)vs › | $100.85B | 38.96 |
| Trane Technologies plc (TT)vs › | $99.77B | 29.75 |
| Eaton Corporation plc (ETN)vs › | $162.78B | 30.98 |
| Quanta Services, Inc. (PWR)vs › | $96.12B | 38.22 |
| CSX Corporation (CSX)vs › | $95.57B | 25.69 |
Trailing P/E
20.8
reported TTM EPS
Forward P/E
18.5
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $30.43 implies +12.2% EPS growth vs the reported trailing $27.13.
At today's $563.57 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 | $30.43 | $30.13 – $30.74 | 16 | 18.5x |
| 2027-12-31 | $32.67 | $31.59 – $34.74 | 16 | 17.2x |
| 2028-12-31 | $35.26 | $32.05 – $38.55 | 17 | 16.0x |
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.
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
