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Lockheed Martin's book value per share for the quarter that ended in Mar. 2026 was $32.50.
During the past 12 months, Lockheed Martin's average Book Value Per Share Growth Rate was 13.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -7.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.30% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Lockheed Martin was 337.80% per year. The lowest was -77.80% per year. And the median was 2.20% per year.
Lockheed Martin's current price is $514.46. Its book value per share for the quarter that ended in Mar. 2026 was $32.50. Hence, today's PB Ratio of Lockheed Martin is 15.83.
During the past 13 years, the highest P/B Ratio of Lockheed Martin was 236.80. The lowest was 8.46. And the median was 18.36.
Good Sign:
Lockheed Martin Corp stock PB Ratio (=15.83) is close to 2-year low of 15.07.
Lockheed Martin (NYSE:LMT) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Lockheed Martin Book Value per Share Related Terms
Lockheed Martin Book Value per Share Historical Data
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The historical data trend for Lockheed Martin's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LMT vs HWM, GD, TDG: Book Value per Share Comparison
For the Aerospace & Defense subindustry, Lockheed Martin's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* 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. Note that "N/A" values will not show up in the chart.
Lockheed Martin PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's PB Ratio distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's PB Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lockheed Martin (LMT) has a Book Value per Share of $32.50 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Lockheed Martin and its competitors.
Is Lockheed Martin's Book Value per Share too high?
Lockheed Martin's current Book Value per Share is $32.50. Overall, Lockheed Martin has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lockheed Martin's Book Value per Share compare to HWM and GD?
Lockheed Martin's Book Value per Share of $32.50 can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Aerospace & Defense company?
A good Book Value per Share depends on the Aerospace & Defense industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Lockheed Martin and its competitors. Lockheed Martin's current Book Value per Share is $32.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lockheed Martin stock overvalued right now?
Based on GuruFocus' analysis, Lockheed Martin (LMT) is currently considered Fairly Valued. The stock's GF Value™ is $549.18, compared to a current price of $514.46 — trading 6.3% below its estimated fair value. The current Book Value per Share is $32.50. Lockheed Martin's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Lockheed Martin (LMT), the current Book Value per Share is $32.50 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lockheed Martin (LMT) Overvalued in 2026?
Based on GuruFocus' analysis, Lockheed Martin stock appears to be undervalued.
The current stock price of $514.46 is trading 6.3% below its estimated GF Value™ of $549.18.
GuruFocus considers Lockheed Martin to be Fairly Valued.
Key valuation signals for LMT:
Book Value per Share: $32.50
GF Value™: $549.18 vs. price of $514.46 (6.3% below fair value)
No single metric tells the full story. See the LMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Aeronautics is Lockheed's largest segment, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.
86GF Score
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Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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