Lockheed Martin Corporation (LMT) fair value analysis
S&P 500 · Updated 2026-10-19
LMT price how computed
Forward Fair Value verdict
Fairly valuedLMT is trading at within about 10% of estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $509.59
- Sector
- Industrials
- 12-month range
- $439.19–$676.70
- Market cap
- $118B
- From 52-week high
- -24.7%
- Shares outstanding
- 231M
- Rank in Industrials by discount to fair value
- #47 of 106
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
Lockheed Martin Corporation is a global aerospace and defense contractor that designs, manufactures, and provides services for aircraft, missiles, radar systems, and other defense technologies. The company operates across multiple countries and serves customers including the United States government, international governments, and commercial clients.
LMT currently ranks #47 of 106 Industrials stocks by discount to fair value. It has screened as Fairly valued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $118B
- P/E (trailing)
- 19x
- Revenue (TTM)
- $77B
- Net margin
- 8.2%
- EPS (TTM)
- $27.13
- Gross margin
- 12.2%
- Debt / equity
- 2.34
- Revenue growth (3-yr avg)
- 6.3%
- Shares outstanding
- 231M
Derived indicators how computed
- Quality grade
- F
- Margin trend
- Expanding
- 52-week position
- The lower-middle quarter of its range
- DCF cross-check
- Overvalued
Technicals how computed
- RSI (14-day)
- 63 · neutral
- 50-day average
- $543.16
- 200-day average
- $564.63
- Moving-average state
- 50-day below 200-day (death cross state); price below both averages
Dividends how computed
- Paid, last 12 months
- $13.80 per share (4 payments)
- Yield on last price
- 2.71%
- Consecutive years of increases
- 23
- Next ex-dividend date
- 2026-12-01
- Last payment date
- 2026-09-25
Earnings how computed
- Last 8 quarters vs consensus
- 5 beat, 3 missed
- Quarter by quarter
- 2026-06 ▲ beat (+10.0%)
2026-03 ▼ miss (-3.7%)
2025-12 ▲ beat (+0.9%)
2025-09 ▲ beat (+9.3%)
2025-06 ▼ miss (-77.3%)
2025-03 ▲ beat (+14.6%)
2024-12 ▼ miss (-66.4%)
2024-09 ▲ beat (+4.9%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 8 buy · 12 hold · 1 sell (21 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $619
- Target vs last price
- +21.5%
What our data shows for LMT
- Our model validated 17 trailing price-to-earnings windows for LMT, built from quarterly earnings records.
- Shares are trading in the lower third of their 12-month price range of $439.19–$676.70.
- The 14-day relative strength index sits at a neutral 63.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for LMT
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent LMT news
TickrTrends' derived news-sentiment signal for LMT is currently leaning positive, computed from recent coverage.
- Lockheed Martin (LMT): Is the Pullback a Buying Opportunity? (insidermonkey.com, 2026-10-21)
TickrTrends take: Lockheed Martin is currently assessed as fairly valued by TickrTrends, meaning the market price aligns reasonably with its fundamental worth in the Industrials sector. A pullback in the stock price would need to be evaluated against whether it represents a genuine shift in the company's underlying value or merely a temporary market reaction. Valuation-focused investors should monitor whether any price decline is accompanied by changes in the company's earnings outlook or competitive position that would justify a reassessment of its fair value status. - Ukrainian President Zelenskyy Meets Lockheed Martin (LMT) to Accelerate Patriot System Deliveries (gurufocus.com, 2026-10-19)
TickrTrends take: Lockheed Martin's engagement with Ukrainian leadership on accelerating Patriot system deliveries represents a potential revenue opportunity in defense systems, an area core to the company's industrial operations. Given TickrTrends' assessment that LMT is fairly valued, investors should monitor whether this geopolitical development translates into material order flow changes or updated guidance that might influence the valuation outlook. The pace and scale of any additional Patriot contracts could be relevant to tracking whether the current valuation appropriately reflects the company's near-term demand environment. - Lockheed Martin (LMT) Strengthens Ukraine Defense Partnership Amid Ongoing Conflict (gurufocus.com, 2026-10-19)
TickrTrends take: Lockheed Martin's deepening involvement in Ukraine defense support may contribute to sustained demand for its industrial products and services, which could support revenue stability in a key market. Given TickrTrends' current assessment that LMT is fairly valued, investors should monitor whether geopolitical developments translate into material order flow changes that might justify valuation adjustments. The defense contractor's exposure to international conflict scenarios represents both a potential growth driver and a risk factor that warrant tracking against broader market conditions in the Industrials sector.
More LMT news
- U.S. Army Awards $215M Contract to RTX for Upgraded Javelin Launch Units (gurufocus.com, 2026-10-19)
- Lockheed Martin Delivers C-130J-30 for U.S. Navy's TACAMO Mission (LMT) (gurufocus.com, 2026-10-16)
- Lockheed Martin (LMT) to Add 6,000 U.S. Jobs, Boosting Manufacturing Capacity in Texas (gurufocus.com, 2026-10-14)
- Vertical Research Upgrades Lockheed Martin (LMT) to Buy on Missile Demand and Price Dip (gurufocus.com, 2026-10-14)
- Lockheed Martin (LMT) Secures $117.1M U.S. Army Contract for Apache Helicopter Radar Support (gurufocus.com, 2026-10-13)
- Lockheed Martin (LMT) Wins $117M Contract for Apache Helicopter Radar Support (gurufocus.com, 2026-10-13)
- Lockheed Martin Subsidiary Sikorsky Launches Nomad 100 Deployment System (LMT) (gurufocus.com, 2026-10-12)
What people are saying
Follow the LMT conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — # LMT - Lockheed Martin Corporation TickrTrends' derived indicators for LMT shifted this week, with the DCF cross-check band moving from fairly valued to overvalued. The current valuation verdict remains fairly valued overall, reflecting a mixed signal between TickrTrends' primary valuation assessment and its DCF cross-check methodology. This divergence suggests differing perspectives on LMT's intrinsic value across the firm's analytical framework.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — LMT's sector discount rank improved this week, moving from #59 to #52 among Industrials stocks. The company maintains a Fairly valued valuation verdict as of the current assessment.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — LMT's valuation indicators showed improvement this week as the DCF cross-check band moved from overvalued to fairly valued territory. The stock's sector discount ranking shifted from 57th to 62nd among Industrials companies, reflecting a modest change in its relative valuation position within the sector.
- 2026-09-21 — TickrTrends' derived indicators for LMT show a shift in momentum this week, with the RSI zone moving from oversold to neutral territory. The stock maintains a fairly valued assessment based on current valuation metrics. This change suggests moderating selling pressure and a more balanced technical position for the aerospace and defense company.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is LMT stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), LMT is trading at within about 10% of estimated fair value and screens as fairly valued. The exact fair value and discount are available to subscribers.
What is LMT's TickrTrends verdict?
LMT's current verdict is Fairly valued, refreshed with every weekly Forward Fair Value run.
How does LMT compare to other Industrials stocks?
LMT ranks #47 of 106 Industrials stocks in TickrTrends' coverage by discount to fair value.
Is LMT overbought or oversold?
LMT's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does LMT pay a dividend?
Yes. LMT paid $13.80 per share over the last twelve months (4 payments), a 2.71% yield on TickrTrends' last price, and has raised the annual total for 23 consecutive years. The next ex-dividend date on file is 2026-12-01.
Does LMT usually beat earnings estimates?
Over its last 8 reported quarters LMT beat the consensus estimate 5 times and missed 3 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about LMT?
Of 21 analysts covering LMT, 8 rate it a buy, 12 a hold and 1 a sell - hold-leaning, with a consensus price target of $619 (+21.5% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
More in Industrials
Head-to-head comparisons
LMT vs AAL · LMT vs DOV · LMT vs FA · LMT vs GD · LMT vs HUBB