LMT

NYSE

LOCKHEED MARTIN CORP

Industrials, Aerospace & Defense

$587.95

close 7 Aug 2026

+37.93%

52-week change

$135.69B

market cap

$424.12

$692.00

52-week range

Expected price

$496.63 – $606.99

Current price

$587.95

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)21.67x

P/S (TTM)1.76x

P/B15.48x

EV/EBITDA (TTM)14.06x

FCF yield (TTM)6.43%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average20.66x

P/E, sector median29.72x*

Price at 5-year median P/E$549.88*

Indicated dividend yield2.35%

Forward — analyst consensus

Forward P/E (FY2026)19.33x*

Forward P/E (FY2027)18.01x

Forward PEG2.64*

Consensus EPS FY2026 (20 analysts)$30.42

EPS growth (FY2026→FY2027)7.33%

Revenue growth (FY2026)7.75%

Street view

Price target (mean)$629.53*

Target upside7.07%

Ratings (buy / hold / sell)7 / 13 / 1

FY2026 EPS revisions, 30d (up / down)12 / 2

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 28 Jun 2026, filed 23 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +1.49%10Y CAGR +5.20%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$587.95

Cash & equivalents$3.79B

Total debt$20.54B

Shares outstanding230.79M

Result

DCF price per share$578.96

Current price$587.95

Margin of safety-1.53%

PV of years 1–10$63.00B

PV of terminal value$87.36B

Equity value$133.62B

Market-implied growth+1.67%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$8.86B	$8.99B	$9.13B	$9.26B	$9.40B	$9.54B	$9.68B	$9.83B	$9.97B	$10.12B	$188.61B
PV	$8.20B	$7.71B	$7.24B	$6.81B	$6.40B	$6.01B	$5.65B	$5.31B	$4.99B	$4.69B	$87.36B

period to 28 Jun 2026, filed 23 Jul 2026, close 7 Aug 2026