Stock Valuation / LMT
Is Lockheed Martin Corporation (LMT) Overvalued? Fair Value & 5-Year Target
Lockheed Martin Corporation trades at $504.02 (P/E 18.58). Our reference model estimates a fair value of $430.86 at its recent average P/E of 15.88.
| Current price | $504.02 |
|---|---|
| Current EPS | $27.13 |
| Current P/E | 18.58 |
| Average P/E | 15.88 |
| Fair value (at avg P/E) | $430.86 |
| Upside to fair value | -14.5% |
| Illustrative 5-yr target (25× P/E, 15% growth) | $1,364.20 |
What drives LMT's valuation
Changing either assumption moves the target: a higher P/E multiple or faster EPS growth raises fair value, a lower multiple or slower growth lowers it. The interactive dashboard lets you edit both and re-run the model instantly.
About Lockheed Martin Corporation
Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readin
Frequently asked questions
What is LMT's fair value?
At its recent average P/E of 15.88, Lockheed Martin Corporation (LMT) has a reference fair value of about $430.86, which is -14.5% versus the current price of $504.02.
Is Lockheed Martin Corporation (LMT) overvalued or undervalued?
Based on the average-P/E reference model, Lockheed Martin Corporation looks overvalued relative to fair value by roughly +14.5%. This is a model output, not investment advice — change the P/E and growth assumptions in the dashboard for your own view.
What is a 5-year price target for LMT?
Under an illustrative model of 25× P/E and 15% annual EPS growth, the implied 5-year target is $1,364.20. Adjust both inputs on the interactive page to match your assumptions.
Open the interactive LMT valuation dashboard →
Figures are for informational purposes only and are not investment advice. Data as of 2026-10-14.