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Lockheed MartinXSWX:LMT +10.45%86 EV-to-EBITDA is 17.83 as of Jul. 24, 2026, which is 29% above its 10-year median of 13.84. GuruFocus rates XSWX:LMT with a GF Score™ of 86/100 and a GF Value™ of CHF447.32. The stock has 3 warning signs investors should review. Among 265 Aerospace & Defense companies, Lockheed Martin ranks better than 60% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Lockheed Martin's enterprise value is CHF120,133 Mil.
Lockheed Martin's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF6,740 Mil. Therefore, Lockheed Martin's EV-to-EBITDA for today is 17.83.
The historical rank and industry rank for Lockheed Martin's EV-to-EBITDA or its related term are showing as below:
XSWX:LMT'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.83 Med: 13.84 Max: 19.85
Current: 17.42
During the past 13 years, the highest EV-to-EBITDA of Lockheed Martin was 19.85. The lowest was 9.83. And the median was 13.84.
XSWX:LMT's EV-to-EBITDA is ranked better than 60% of 265
companies
in the Aerospace & Defense industry
Industry Median: 22.02
vs XSWX:LMT: 17.42
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Lockheed Martin (XSWX:LMT) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Lockheed Martin's PE Ratio (TTM) for today is calculated as:
Lockheed Martin's share price for today is CHF462.40.
Lockheed Martin's Earnings per Share (Diluted) 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 CHF16.412.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Lockheed Martin's EV-to-EBITDA 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-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's EV-to-EBITDA falls into.
Lockheed Martin's current Enterprise Value is CHF120,133 Mil.
Lockheed Martin's EBITDA 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 CHF6,740 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-EBITDA of 17.83 as of Jul. 24, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Lockheed Martin. This is 29% above median its historical median of 13.84. Over the past decade, Lockheed Martin's EV-to-EBITDA has ranged from 9.83 to 19.85. According to the industry distribution chart, Lockheed Martin ranks #106 out of 265 companies in the Aerospace & Defense industry, placing it in the top 40%.
Is Lockheed Martin's EV-to-EBITDA too high?
Lockheed Martin's current EV-to-EBITDA of 17.83 is 29% above median its 10-year median of 13.84. Over the past 10 years, this metric has ranged from a low of 9.83 to a high of 19.85. The Aerospace & Defense industry median EV-to-EBITDA is 22.02. Lockheed Martin's value of 17.83 is 19% below this industry median. Based on the distribution chart, Lockheed Martin ranks #106 out of 265 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Lockheed Martin has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Lockheed Martin's EV-to-EBITDA compare to HWM and GD?
According to the Aerospace & Defense industry distribution chart, Lockheed Martin ranks #106 out of 265 companies for EV-to-EBITDA. This puts Lockheed Martin in the upper half of its industry. The industry median EV-to-EBITDA is 22.02. Lockheed Martin's value of 17.83 is 19% below this benchmark. Historically, Lockheed Martin's own EV-to-EBITDA has ranged from 9.83 to 19.85 over the past decade. While the company's 10-year median is 13.84 vs. the industry median of 22.02, 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-EBITDA for an Aerospace & Defense company?
The median EV-to-EBITDA among Aerospace & Defense companies is 22.02, based on 265 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lockheed Martin's current EV-to-EBITDA of 17.83 is 19% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Lockheed Martin. For the Aerospace & Defense industry, the median EV-to-EBITDA is 22.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lockheed Martin's current EV-to-EBITDA is 17.83, which is 29% above median its own 10-year median of 13.84. 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-EBITDA of 17.83. The stock's GF Value™ is CHF447.32, compared to a current price of CHF462.40 — trading 3.4% above its estimated fair value. The current EV-to-EBITDA is 17.83, which is 29% above median its 10-year median of 13.84 and 19% below the Aerospace & Defense industry median of 22.02. Lockheed Martin's overall GF Score™ is 86/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Lockheed Martin (XSWX:LMT), the current EV-to-EBITDA is 17.83 as of Jul. 24, 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 overvalued.
The current stock price of CHF462.40 is trading 3.4% above its estimated GF Value™ of CHF447.32.
Key valuation signals for XSWX:LMT:
EV-to-EBITDA: 17.83 (29% above median its 10-year median of 13.84)
GF Value™: CHF447.32 vs. price of CHF462.40 (3.4% above fair value)
Industry Position: 19% below the Aerospace & Defense median (#106 of 265)
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.
86GF Score
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