Lockheed Martin Corporation

SWX:LMT Stock Report

Market Cap: CHF 107.9b

Lockheed Martin Valuation

Is LMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of LMT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: LMT (CHF463.49) is trading below our estimate of future cash flow value (CHF535.38)

Significantly Below Future Cash Flow Value: LMT is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LMT?

Key metric: As LMT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LMT. This is calculated by dividing LMT's market cap by their current earnings.
What is LMT's PE Ratio?
PE Ratio32.3x
EarningsUS$4.20b
Market CapUS$135.65b

Price to Earnings Ratio vs Peers

How does LMT's PE Ratio compare to its peers?

The above table shows the PE ratio for LMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.6x
AERO Montana Aerospace
71.1x38.45%CHF 2.0b
ABBN ABB
30.7x8.46%CHF 108.2b
SCHN Schindler Holding
31x7.26%CHF 31.6b
GEBN Geberit
33.5x6.41%CHF 19.8b
LMT Lockheed Martin
32.3x15.19%CHF 135.7b

Price-To-Earnings vs Peers: LMT is good value based on its Price-To-Earnings Ratio (32.3x) compared to the peer average (41.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does LMT's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LMT 32.3xIndustry Avg. 33.9xNo. of Companies9PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LMT is good value based on its Price-To-Earnings Ratio (32.3x) compared to the European Aerospace & Defense industry average (34.4x).

Price to Earnings Ratio vs Fair Ratio

What is LMT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LMT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LMT's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LMT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 463.49
CHF 448.09
-3.32%
8.53%CHF 524.95CHF 369.06n/a19
Jan ’27n/a
CHF 416.77
0%
6.02%CHF 469.32CHF 342.04n/a19
Dec ’26n/a
CHF 425.76
0%
7.92%CHF 507.84CHF 346.62n/a18
Nov ’26n/a
CHF 417.97
0%
8.10%CHF 499.77CHF 341.11n/a17
Oct ’26n/a
CHF 376.78
0%
8.08%CHF 433.02CHF 316.80n/a17
Sep ’26n/a
CHF 390.90
0%
11.92%CHF 542.00CHF 321.96n/a18
Aug ’26n/a
CHF 394.25
0%
11.91%CHF 545.20CHF 323.86n/a18
Jul ’26n/a
CHF 418.06
0%
9.97%CHF 530.89CHF 323.29n/a20
Jun ’26n/a
CHF 433.18
0%
10.10%CHF 554.17CHF 337.46n/a21
May ’26n/a
CHF 429.17
0%
10.12%CHF 549.82CHF 334.81n/a21
Apr ’26n/a
CHF 461.39
0%
9.65%CHF 590.81CHF 368.60n/a21
Mar ’26n/a
CHF 487.03
0%
11.93%CHF 612.48CHF 373.75n/a21
Feb ’26n/a
CHF 497.24
0%
11.58%CHF 622.91CHF 380.11n/a21
Jan ’26n/a
CHF 537.54
0%
11.90%CHF 632.22CHF 389.75n/a20
Dec ’25n/a
CHF 538.75
0%
11.22%CHF 623.89CHF 384.62n/a20
Nov ’25n/a
CHF 528.56
0%
11.34%CHF 612.90CHF 377.84n/a20
Oct ’25n/a
CHF 472.07
0%
10.73%CHF 595.74CHF 342.72n/a20
Sep ’25n/a
CHF 460.48
0%
8.96%CHF 534.89CHF 341.15n/a20
Aug ’25CHF 430.00
CHF 471.19
+9.58%
8.79%CHF 557.33CHF 355.46n/a20
Jul ’25CHF 430.00
CHF 442.82
+2.98%
7.22%CHF 493.07CHF 341.35n/a19
Jun ’25CHF 430.00
CHF 441.64
+2.71%
7.12%CHF 493.28CHF 341.50n/a19
May ’25CHF 430.00
CHF 448.42
+4.28%
6.82%CHF 501.85CHF 347.43n/a21
Apr ’25CHF 430.00
CHF 435.47
+1.27%
6.83%CHF 492.40CHF 342.70n/a22
Mar ’25CHF 430.00
CHF 425.55
-1.04%
6.91%CHF 484.62CHF 334.83n/a22
Feb ’25CHF 430.00
CHF 416.81
-3.07%
6.92%CHF 473.76CHF 327.33n/a22
Jan ’25CHF 430.00
CHF 416.66
-3.10%
8.21%CHF 475.08CHF 314.42n/a21
CHF 445.41
Fair Value
4.1% overvalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/22 21:59
End of Day Share Price 2026/01/20 00:00
Earnings2025/09/28
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lockheed Martin Corporation is covered by 43 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Peter ArmentBaird
Carter CopelandBarclays