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Lockheed Martin (XTER:LOM) Cyclically Adjusted Price-to-FCF : 20.13 (As of Jun. 05, 2025)


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What is Lockheed Martin Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Lockheed Martin's current share price is €425.30. Lockheed Martin's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €21.13. Lockheed Martin's Cyclically Adjusted Price-to-FCF for today is 20.13.

The historical rank and industry rank for Lockheed Martin's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

XTER:LOM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.83   Med: 26.84   Max: 36.84
Current: 21.13

During the past years, Lockheed Martin's highest Cyclically Adjusted Price-to-FCF was 36.84. The lowest was 18.83. And the median was 26.84.

XTER:LOM's Cyclically Adjusted Price-to-FCF is ranked better than
77.67% of 103 companies
in the Aerospace & Defense industry
Industry Median: 48.44 vs XTER:LOM: 21.13

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Lockheed Martin's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €3.754. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €21.13 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lockheed Martin Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lockheed Martin's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Lockheed Martin Cyclically Adjusted Price-to-FCF Chart

Lockheed Martin Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.27 22.05 25.27 21.69 21.62

Lockheed Martin Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial 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 21.68 21.83 26.55 21.62 19.57

Competitive Comparison of Lockheed Martin's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Lockheed Martin's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Lockheed Martin's Cyclically Adjusted Price-to-FCF falls into.


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Lockheed Martin Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Lockheed Martin's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=425.30/21.13
=20.13

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Lockheed Martin's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.754/134.9266*134.9266
=3.754

Current CPI (Mar. 2025) = 134.9266.

Lockheed Martin Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 3.022 100.684 4.050
201509 3.778 100.392 5.078
201512 2.740 99.792 3.705
201603 4.410 100.470 5.922
201606 3.588 101.688 4.761
201609 3.182 101.861 4.215
201612 0.943 101.863 1.249
201703 4.777 102.862 6.266
201706 3.869 103.349 5.051
201709 4.432 104.136 5.742
201712 2.944 104.011 3.819
201803 1.172 105.290 1.502
201806 -1.002 106.317 -1.272
201809 0.066 106.507 0.084
201812 5.411 105.998 6.888
201903 4.293 107.251 5.401
201906 4.423 108.070 5.522
201909 6.979 108.329 8.692
201912 2.692 108.420 3.350
202003 6.472 108.902 8.019
202006 5.816 108.767 7.215
202009 4.454 109.815 5.473
202012 3.175 109.897 3.898
202103 4.401 111.754 5.314
202106 2.832 114.631 3.333
202109 4.969 115.734 5.793
202112 11.820 117.630 13.558
202203 3.852 121.301 4.285
202206 3.643 125.017 3.932
202209 10.393 125.227 11.198
202212 4.524 125.222 4.875
202303 4.639 127.348 4.915
202306 2.806 128.729 2.941
202309 9.464 129.860 9.833
202312 6.204 129.419 6.468
202403 4.787 131.776 4.901
202406 5.839 132.554 5.944
202409 7.866 133.029 7.978
202412 1.776 133.157 1.800
202503 3.754 134.927 3.754

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Lockheed Martin  (XTER:LOM) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Lockheed Martin Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Lockheed Martin's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Lockheed Martin Business Description

Address
6801 Rockledge Drive, Bethesda, MD, USA, 20817
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.

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