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Lockheed Martin Shiller PE Ratio

: 28.24 (As of Today)
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As of today (2020-05-27), Lockheed Martin's current share price is $372.20. Lockheed Martin's E10 for the quarter that ended in Mar. 2020 was $13.18. Lockheed Martin's Shiller PE Ratio for today is 28.24.

NYSE:LMT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.76   Med: 22.83   Max: 35.38
Current: 28.24

12.76
35.38

During the past years, Lockheed Martin's highest Shiller PE Ratio was 35.38. The lowest was 12.76. And the median was 22.83.

NYSE:LMT's Shiller PE Ratio is ranked lower than
62% of the 113 Companies
in the Aerospace & Defense industry.

( Industry Median: 20.37 vs. NYSE:LMT: 28.24 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Lockheed Martin's adjusted earnings per share data for the three months ended in Mar. 2020 was $6.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $13.18 for the trailing ten years ended in Mar. 2020.


Lockheed Martin Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Lockheed Martin Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.38 24.67 31.50 23.32 30.26

Lockheed Martin Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.57 29.97 31.32 30.26 25.72

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Lockheed Martin Shiller PE Ratio Distribution

* The bar in red indicates where Lockheed Martin's Shiller PE Ratio falls into.



Lockheed Martin Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Lockheed Martin's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=372.20/13.18
=28.24

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Lockheed Martin's E10 for the quarter that ended in Mar. 2020 is calculated as:

For example, Lockheed Martin's adjusted earnings per share data for the three months ended in Mar. 2020 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=6.08/258.12*258.12
=6.080

Current CPI (Mar. 2020) = 258.12.

Lockheed Martin Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201006 2.220 217.970 2.629
201009 1.540 218.440 1.820
201012 2.640 219.180 3.109
201103 1.500 223.470 1.733
201106 2.140 225.720 2.447
201109 2.100 226.890 2.389
201112 2.080 225.670 2.379
201203 2.030 229.390 2.284
201206 2.380 229.480 2.677
201209 2.210 231.410 2.465
201212 1.730 229.600 1.945
201303 2.330 232.770 2.584
201306 2.640 233.500 2.918
201309 2.660 234.150 2.932
201312 1.500 233.050 1.661
201403 2.870 236.290 3.135
201406 2.760 238.340 2.989
201409 2.760 238.030 2.993
201412 2.820 234.810 3.100
201503 2.740 236.120 2.995
201506 2.940 238.640 3.180
201509 2.770 237.940 3.005
201512 3.010 236.530 3.285
201603 2.910 238.130 3.154
201606 3.320 241.020 3.556
201609 7.930 241.430 8.478
201612 3.350 241.430 3.582
201703 2.690 243.800 2.848
201706 3.280 244.960 3.456
201709 3.320 246.820 3.472
201712 -2.250 246.520 -2.356
201803 4.020 249.550 4.158
201806 4.050 251.990 4.149
201809 5.140 252.440 5.256
201812 4.390 251.230 4.510
201903 5.990 254.200 6.082
201906 5.000 256.140 5.039
201909 5.660 256.760 5.690
201912 5.290 256.970 5.314
202003 6.080 258.120 6.080

Add all the adjusted EPS together and divide 10 will get our E10.


Lockheed Martin  (NYSE:LMT) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Lockheed Martin Shiller PE Ratio Related Terms

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