LOCKHEED MARTIN CORP (LMT)
Guided Missiles & Space Vehicles & Parts
Latest Price
$582.74
TTM P/E
21.48
Normalized P/E
24.89
Div Yield
2.34%
Book Value
38.11
P/B Ratio
15.29
Valuation metrics
adjust assumptions →EPS: $21.49
Book value / share: $29.35
Formula: √(22.5 × EPS × BVPS)
Graham Number
$119.13
80% downside
Norm. op. income: $8.5B (median of 7yr)
Tax rate: 15%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$240.66
59% downside
Base FCF: $6.2B (median of recent 5yr)
Growth: 6%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$417.30
28% downside
EPS: $21.49
Target P/E: 25×
Formula: EPS × P/E
P/E Fair Value
$537.25
8% downside
Institutional Ownership
73.1% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| STATE STREET CORP | 32.56M | $19.68B | 14.14% | -1.11M | 2026-03-31 |
| BlackRock, Inc. | 17.83M | $10.78B | 7.75% | +123.0K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 14.07M | $8.50B | 6.11% | -- | 2026-03-31 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 7.15M | $4.32B | 3.11% | -1.49M | 2026-03-31 |
| MORGAN STANLEY | 5.66M | $3.42B | 2.46% | -63.7K | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 5.33M | $3.22B | 2.32% | -- | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 5.07M | $3.07B | 2.20% | +177.9K | 2026-03-31 |
| BANK OF AMERICA CORP /DE/ | 2.70M | $1.63B | 1.17% | -299.2K | 2026-03-31 |
| FMR LLC | 2.25M | $1.36B | 0.98% | +48.1K | 2026-03-31 |
| CITADEL ADVISORS LLC | 2.07M | $1.25B | 0.90% | +314.8K | 2026-03-31 |