Lockheed Martin's Enterprise Value for the quarter that ended in Dec. 2023 was $125,701 Mil.
Lockheed Martin's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $9,014 Mil. Lockheed Martin's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.17%.
The historical rank and industry rank for Lockheed Martin's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LMT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.81 Med: 6.7 Max: 12.4
Current: 7.1
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Lockheed Martin was 12.40%. The lowest was 4.81%. And the median was 6.70%.
LMT's Earnings Yield (Joel Greenblatt) % is ranked better than 83.6% of 311
companies
in the Aerospace & Defense industry
Industry Median: 2.7
vs LMT: 7.10
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Lockheed Martin's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 10.52%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Lockheed Martin Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Lockheed Martin's Earnings Yield (Joel Greenblatt) % 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.
For the Aerospace & Defense subindustry, Lockheed Martin's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's Earnings Yield (Joel Greenblatt) % falls into.
Lockheed Martin Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Lockheed Martins Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Lockheed Martin's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9,014 Mil.
Lockheed Martin (NYSE:LMT) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Lockheed Martin Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Lockheed Martin's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lockheed Martin (Lockheed Martin) Business Description
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. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, which is mainly 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LMT has been successfully added to your 