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Lockheed Martin price to book ratio LMT

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
13.9×
10-year median
17.4×
Against its 10-year history
25th
percentile: 0 is its lowest day, 100 its highest
10-year range
9.0× to 94.4×
Peer median
6.4×

Lockheed Martin's price to book ratio is 13.9× as of Oct 23, 2026.

That is below its ten-year median of 17.4×, lower than on 75% of days in the last ten years.

Over that time it ranged from 9.0× in Sep 2022 to 94.4× in Nov 2018.

The median for 10 aerospace and defense stocks of a similar size is 6.4×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far13.9×13.3×23.0×
202518.1×15.4×22.1×
202416.1×12.2×23.6×
202312.1×9.7×13.5×
202210.7×9.0×12.0×
202110.2×9.5×19.6×
202020.1×19.8×39.6×
201928.5×26.9×87.6×
201878.8×45.1×94.4×
201743.9×32.0×72.9×
201631.5×21.4×33.8×
201523.7×13.0×24.7×
201413.6×10.1×40.9×
201337.2×11.6×122×
201212.1×8.8×29.5×
20118.9×6.8×9.0×
20106.4×6.3×9.4×
20099.1×8.3×10.9×

Against its peers

Companies in Aerospace & Defense nearest Lockheed Martin's size, closest first, today.

CompanyPrice to book ratio
LMTLockheed Martin13.9×
BABoeing24.4×
GDGeneral Dynamics3.5×
NOCNorthrop Grumman4.4×
RTXRTX3.7×
HWMHowmet Aerospace12.9×
GEGE Aerospace16.8×
TDGTransDigmn/m
HONAHoneywell Aerospacen/m
LHXL3Harris Technologies2.4×
HEIHEICO8.4×
Peer median6.4×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Lockheed Martin

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.