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Lockheed Martin (BSP:LMTB34) Cyclically Adjusted Revenue per Share : R$1,467.88 (As of Mar. 2025)


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What is Lockheed Martin Cyclically Adjusted Revenue per Share?

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Lockheed Martin's adjusted revenue per share for the three months ended in Mar. 2025 was R$439.578. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$1,467.88 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Lockheed Martin's average Cyclically Adjusted Revenue Growth Rate was 8.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 7.60% 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 Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Lockheed Martin was 9.60% per year. The lowest was 3.70% per year. And the median was 6.30% per year.

As of today (2025-05-30), Lockheed Martin's current stock price is R$2671.32. Lockheed Martin's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was R$1,467.88. Lockheed Martin's Cyclically Adjusted PS Ratio of today is 1.82.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Lockheed Martin was 2.66. The lowest was 1.47. And the median was 2.01.


Lockheed Martin Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Lockheed Martin's Cyclically Adjusted Revenue 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.

* Premium members only.

Lockheed Martin Cyclically Adjusted Revenue per Share Chart

Lockheed Martin Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 909.15 1,092.28 1,136.26 1,116.11 1,544.08

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 Revenue per Share 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 1,183.29 1,349.71 1,354.81 1,544.08 1,467.88

Competitive Comparison of Lockheed Martin's Cyclically Adjusted Revenue per Share

For the Aerospace & Defense subindustry, Lockheed Martin's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Lockheed Martin's Cyclically Adjusted PS Ratio falls into.


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Lockheed Martin Cyclically Adjusted Revenue per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=439.578/134.9266*134.9266
=439.578

Current CPI (Mar. 2025) = 134.9266.

Lockheed Martin Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 114.614 100.684 153.594
201509 125.571 100.392 168.768
201512 144.262 99.792 195.053
201603 124.201 100.470 166.796
201606 129.055 101.688 171.239
201609 124.388 101.861 164.766
201612 156.990 101.863 207.948
201703 119.759 102.862 157.091
201706 142.171 103.349 185.610
201709 133.304 104.136 172.720
201712 158.114 104.011 205.111
201803 132.515 105.290 169.816
201806 175.980 106.317 223.336
201809 205.191 106.507 259.943
201812 195.951 105.998 249.429
201903 193.670 107.251 243.647
201906 195.936 108.070 244.629
201909 220.137 108.329 274.185
201912 230.124 108.420 286.385
202003 270.608 108.902 335.277
202006 299.700 108.767 371.780
202009 317.438 109.815 390.027
202012 311.942 109.897 382.989
202103 327.198 111.754 395.042
202106 307.580 114.631 362.036
202109 305.127 115.734 355.726
202112 365.763 117.630 419.547
202203 276.623 121.301 307.696
202206 292.339 125.017 315.512
202209 328.007 125.227 353.415
202212 386.556 125.222 416.514
202303 308.116 127.348 326.453
202306 319.491 128.729 334.874
202309 333.155 129.860 346.155
202312 376.696 129.419 392.726
202403 354.419 131.776 362.892
202406 407.374 132.554 414.666
202409 396.976 133.029 402.639
202412 479.177 133.157 485.545
202503 439.578 134.927 439.578

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Lockheed Martin  (BSP:LMTB34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Lockheed Martin's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2671.32/1467.88
=1.82

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Lockheed Martin was 2.66. The lowest was 1.47. And the median was 2.01.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Lockheed Martin Cyclically Adjusted Revenue per Share Related Terms

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


Lockheed Martin Business Description

Industry
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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