Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 19.40 as of Saturday, July 25, 2026.
Forward PE Ratio (19.40) = Close Price ($582.60) / Consensus Forward EPS ($30.04)
FORWARD PE RATIO
19.40
SECTOR MEDIAN · INDUSTRIALS
25.88
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
-25.02%
vs the sector median at left
Lockheed Martin Corporation
Market Cap
$134.34B
Forward PE Ratio
19.40
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Lockheed Martin Corporation (LMT) | $134.34B | 19.40 |
| Siemens Energy AG (SMEGF)vs › | $143.27B | 33.51 |
| Parker-Hannifin Corporation (PH)vs › | $124.52B | 31.54 |
| Howmet Aerospace Inc. (HWM)vs › | $115.74B | 57.12 |
| Eaton Corporation plc (ETN)vs › | $156.90B | 30.28 |
| Vertiv Holdings Co (VRT)vs › | $111.53B | 44.76 |
| Trane Technologies plc (TT)vs › | $106.33B | 32.25 |
| General Dynamics Corporation (GD)vs › | $104.59B | 23.09 |
| The Boeing Company (BA)vs › | $165.17B | N/A |
| Deere & Company (DE)vs › | $169.56B | 34.69 |
Trailing P/E
21.5
reported TTM EPS
Forward P/E
19.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $30.04 implies +10.7% EPS growth vs the reported trailing $27.13.
At today's $582.60 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 | $30.04 | $29.81 – $30.26 | 14 | 19.4x |
| 2027-12-31 | $32.25 | $31.11 – $34.49 | 15 | 18.1x |
| 2028-12-31 | $34.84 | $32.19 – $37.55 | 13 | 16.7x |
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
