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Lockheed Martin (WBO:LMT) Cyclically Adjusted Revenue per Share : €239.11 (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 €70.615. 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 €239.11 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 (2025-05-23), Lockheed Martin's current stock price is €414.40. Lockheed Martin's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was €239.11. Lockheed Martin's Cyclically Adjusted PS Ratio of today is 1.73.

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 142.98 172.63 201.64 208.17 241.83

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 220.41 227.45 219.58 241.83 239.11

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)
=70.615/134.9266*134.9266
=70.615

Current CPI (Mar. 2025) = 134.9266.

Lockheed Martin Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 32.818 100.684 43.979
201509 28.665 100.392 38.526
201512 34.125 99.792 46.139
201603 30.160 100.470 40.503
201606 33.551 101.688 44.518
201609 34.068 101.861 45.127
201612 44.373 101.863 58.776
201703 35.803 102.862 46.964
201706 38.397 103.349 50.129
201709 35.704 104.136 46.261
201712 40.548 104.011 52.600
201803 32.775 105.290 42.001
201806 39.947 106.317 50.697
201809 42.799 106.507 54.219
201812 44.353 105.998 56.458
201903 44.627 107.251 56.143
201906 44.973 108.070 56.150
201909 48.522 108.329 60.435
201912 50.460 108.420 62.796
202003 50.121 108.902 62.099
202006 51.294 108.767 63.631
202009 49.908 109.815 61.321
202012 49.841 109.897 61.193
202103 48.774 111.754 58.887
202106 50.769 114.631 59.758
202109 49.130 115.734 57.277
202112 57.242 117.630 65.659
202203 50.473 121.301 56.143
202206 54.788 125.017 59.131
202209 63.179 125.227 68.073
202212 69.567 125.222 74.959
202303 55.251 127.348 58.539
202306 60.756 128.729 63.681
202309 63.208 129.860 65.674
202312 70.499 129.419 73.499
202403 65.478 131.776 67.043
202406 70.264 132.554 71.522
202409 64.588 133.029 65.509
202412 75.006 133.157 76.003
202503 70.615 134.927 70.615

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


Lockheed Martin  (WBO:LMT) 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
=414.40/239.11
=1.73

* 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.