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Lockheed MartinXSWX:LMT +1.82%84 EV-to-EBIT is 20.71 as of Jul. 23, 2026, which is 27% above its 10-year median of 16.37. GuruFocus rates XSWX:LMT with a GF Score™ of 84/100 and a GF Value™ of CHF447.60. The stock has 3 warning signs investors should review. Among 253 Aerospace & Defense companies, Lockheed Martin ranks better than 67.19% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Lockheed Martin's Enterprise Value for the quarter that ended in Mar. 2026 was CHF127,543 Mil.
Lockheed Martin's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF5,392 Mil.
* 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 EV-to-EBIT Related Terms
Lockheed Martin EV-to-EBIT Historical Data
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The historical data trend for Lockheed Martin's EV-to-EBIT 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 EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's EV-to-EBIT falls into.
Lockheed Martin's current Enterprise Value is CHF111,643 Mil.
Lockheed Martin's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF5,392 Mil.
* 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 (XSWX:LMT) has a EV-to-EBIT of 20.71 as of Jul. 23, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Lockheed Martin and its competitors. This is 27% above median its historical median of 16.37. Over the past decade, Lockheed Martin's EV-to-EBIT has ranged from 11.27 to 24.61. According to the industry distribution chart, Lockheed Martin ranks #83 out of 253 companies in the Aerospace & Defense industry, placing it in the top 32.8%.
Is Lockheed Martin's EV-to-EBIT too high?
Lockheed Martin's current EV-to-EBIT of 20.71 is 27% above median its 10-year median of 16.37. Over the past 10 years, this metric has ranged from a low of 11.27 to a high of 24.61. The Aerospace & Defense industry median EV-to-EBIT is 28.23. Lockheed Martin's value of 20.71 is 26.6% below this industry median. Based on the distribution chart, Lockheed Martin ranks #83 out of 253 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Lockheed Martin has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Lockheed Martin's EV-to-EBIT compare to HWM and GD?
According to the Aerospace & Defense industry distribution chart, Lockheed Martin ranks #83 out of 253 companies for EV-to-EBIT. This puts Lockheed Martin in the upper half of its industry. The industry median EV-to-EBIT is 28.23. Lockheed Martin's value of 20.71 is 26.6% below this benchmark. Historically, Lockheed Martin's own EV-to-EBIT has ranged from 11.27 to 24.61 over the past decade. While the company's 10-year median is 16.37 vs. the industry median of 28.23, Lockheed Martin has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Aerospace & Defense company?
The median EV-to-EBIT among Aerospace & Defense companies is 28.23, based on 253 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lockheed Martin's current EV-to-EBIT of 20.71 is 26.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Lockheed Martin and its competitors. For the Aerospace & Defense industry, the median EV-to-EBIT is 28.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lockheed Martin's current EV-to-EBIT is 20.71, which is 27% above median its own 10-year median of 16.37. 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?
Lockheed Martin (XSWX:LMT) has a current EV-to-EBIT of 20.71. The stock's GF Value™ is CHF447.60, compared to a current price of CHF418.65 — trading 6.5% below its estimated fair value. The current EV-to-EBIT is 20.71, which is 27% above median its 10-year median of 16.37 and 26.6% below the Aerospace & Defense industry median of 28.23. Lockheed Martin's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Lockheed Martin (XSWX:LMT), the current EV-to-EBIT is 20.71 as of Jul. 23, 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 (XSWX:LMT) Overvalued in 2026?
Based on GuruFocus' analysis, Lockheed Martin stock appears to be undervalued.
The current stock price of CHF418.65 is trading 6.5% below its estimated GF Value™ of CHF447.60.
Key valuation signals for XSWX:LMT:
EV-to-EBIT: 20.71 (27% above median its 10-year median of 16.37)
GF Value™: CHF447.60 vs. price of CHF418.65 (6.5% below fair value)
Industry Position: 26.6% below the Aerospace & Defense median (#83 of 253)
No single metric tells the full story. See the XSWX: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.
84GF Score
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