Lockheed Martin Corp P/B Ratio
Data as of August 04, 2026
P/B Ratio
19.98
Stock Price
$586.29
Book Value/Share
$29.35
Sector
Aerospace & Defense
How It's Calculated
19.98 = $586.29 ÷ $29.35
What This Means
Lockheed Martin Corp's P/B ratio of 19.98 is above 6. Asset-light business models and unrecognized intangible assets can make book value a limited denominator; the multiple alone does not determine fair value.
About Lockheed Martin Corp
Lockheed Martin Corp (LMT) operates in the Aerospace & Defense sector, specifically in Aerospace & Defense. With a market capitalization of about $134.49B, it ranks as a large-cap stock — a major established company.
Shares recently traded near $586.29, within a 52-week range of $412.55 to $692.00 (-15.3% from the high, +42.1% from the low). Beta of 0.12 indicates relatively lower volatility versus the market.
Trailing profit margin is about 8.2%, signaling modest profitability that investors should weigh against growth plans.
Understanding This Metric
The price-to-book ratio compares market price to net asset value per share. For Lockheed Martin Corp, P/B is especially useful when earnings are volatile or temporarily depressed. In Aerospace & Defense, asset-heavy business models often anchor closer to book value, while asset-light models may trade far above book.
Sector Comparison
Among Aerospace & Defense names on our S&P 100 coverage, Lockheed Martin Corp's P/B ratio of 19.98 can be compared with peers such as GE (20.72), RTX (4.46), BA (33.59). Sector context helps interpretation, but each company's growth profile and balance sheet differ — use multiple metrics before drawing conclusions. View all Aerospace & Defense stocks.
Key Takeaways
- LMT is grouped in the Aerospace & Defense sector for peer comparisons.
- Recent beta of 0.12 suggests lower-than-market price sensitivity.
- Trailing profit margin of 8.2% provides context for how much earnings support the headline multiple.
Related Tools & Guides
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Frequently Asked Questions
What does LMT's price-to-book ratio indicate?
P/B compares share price to book value per share. Lockheed Martin Corp's P/B of 19.98 reflects how the market prices net assets — especially relevant for asset-heavy Aerospace & Defense business models.
Is 19.98 above or below book value?
A P/B above 1.0 (19.98) means the market values LMT above accounting book value — often due to brands, growth, or intangible assets.
How does P/B compare within Aerospace & Defense?
Peer P/B levels in Aerospace & Defense (e.g. BA (33.59), GE (20.72), RTX (4.46)) provide context; asset-light vs asset-heavy models differ materially.
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