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Lockheed Martin Corp  (NYSE:LMT) Shiller PE Ratio: 28.83 (As of Today)

As of today, Lockheed Martin Corp's current share price is $341.30. Lockheed Martin Corp's E10 for the quarter that ended in Mar. 2019 was $11.84. Lockheed Martin Corp's Shiller P/E Ratio for today is 28.83.

NYSE:LMT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.78   Max: 41.82
Current: 28.83

12.78
41.82

During the past years, Lockheed Martin Corp's highest Shiller P/E Ratio was 41.82. The lowest was 12.78. And the median was 22.56.

NYSE:LMT's Shiller PE Ratio is ranked higher than
52% of the 89 Companies
in the Global industry.

( Industry Median: 33.61 vs. NYSE:LMT: 28.83 )

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

Lockheed Martin Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was $5.990. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $11.84 for the trailing ten years ended in Mar. 2019.


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 Corp Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.56 24.41 24.69 31.53 23.34

Lockheed Martin Corp Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 31.94 27.25 31.08 23.34 25.35

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 Corp Distribution

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



Calculation

For the Shiller P/E, 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 P/E is also called PE10.

The Shiller P/E 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 Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=341.30/11.84
=28.83

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

Lockheed Martin Corp's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Lockheed Martin Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=5.99/254.202*254.202
=5.990

Current CPI (Mar. 2019) = 254.202.

Lockheed Martin Corp Quarterly Data

per_share_eps CPI Adj_EPS
200906 1.880 215.693 2.216
200909 2.070 215.969 2.436
200912 2.030 215.949 2.390
201003 1.410 217.631 1.647
201006 2.220 217.965 2.589
201009 1.540 218.439 1.792
201012 2.640 219.179 3.062
201103 1.500 223.467 1.706
201106 2.140 225.722 2.410
201109 2.100 226.889 2.353
201112 2.080 225.672 2.343
201203 2.030 229.392 2.250
201206 2.380 229.478 2.636
201209 2.210 231.407 2.428
201212 1.730 229.601 1.915
201303 2.330 232.773 2.544
201306 2.640 233.504 2.874
201309 2.660 234.149 2.888
201312 1.500 233.049 1.636
201403 2.870 236.293 3.088
201406 2.760 238.343 2.944
201409 2.760 238.031 2.948
201412 2.820 234.812 3.053
201503 2.740 236.119 2.950
201506 2.940 238.638 3.132
201509 2.770 237.945 2.959
201512 3.010 236.525 3.235
201603 2.910 238.132 3.106
201606 3.320 241.018 3.502
201609 7.930 241.428 8.350
201612 3.350 241.432 3.527
201703 2.690 243.801 2.805
201706 3.280 244.955 3.404
201709 3.320 246.819 3.419
201712 -2.250 246.524 -2.320
201803 4.020 249.554 4.095
201806 4.050 251.989 4.086
201809 5.140 252.439 5.176
201812 4.390 251.233 4.442
201903 5.990 254.202 5.990

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


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E 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 P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E 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, the Shiller P/E and P/S ratio will give false valuations.


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