Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 17.62.
Forward PE Ratio (17.62) = Close Price ($527.09) / Consensus Forward EPS ($30.42)
FORWARD PE RATIO
17.62
SECTOR MEDIAN · INDUSTRIALS
24.12
median of 138 covered companies
CURRENT VS SECTOR MEDIAN
-26.93%
vs the sector median at left
Lockheed Martin Corporation
Market Cap
$121.65B
Forward PE Ratio
17.62
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Lockheed Martin Corporation (LMT) | $121.65B | 17.62 |
| Parker-Hannifin Corporation (PH)vs › | $120.17B | 30.54 |
| Vertiv Holdings Co (VRT)vs › | $100.67B | 43.25 |
| Siemens Energy AG (SMEGF)vs › | $144.37B | 32.82 |
| Trane Technologies plc (TT)vs › | $97.91B | 29.20 |
| General Dynamics Corporation (GD)vs › | $95.46B | 21.00 |
| Quanta Services, Inc. (PWR)vs › | $94.53B | 38.21 |
| Howmet Aerospace Inc. (HWM)vs › | $93.65B | 43.41 |
| CSX Corporation (CSX)vs › | $89.59B | 24.40 |
| Safran S.A. (SAFRY)vs › | $155.01B | 37.88 |
Trailing P/E
19.8
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 $30.42 implies +12.1% EPS growth vs the reported trailing $27.13.
At today's $527.09 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 | $30.42 | $30.12 – $30.73 | 16 | 17.3x |
| 2027-12-31 | $32.68 | $31.60 – $34.74 | 16 | 16.1x |
| 2028-12-31 | $35.33 | $32.06 – $39.39 | 17 | 14.9x |
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
