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Lockheed MartinXSWX:LMT +3.01%86 EV-to-OCF is 14.70 as of Aug. 01, 2026, which is 13% below its 10-year median of 16.85. GuruFocus rates XSWX:LMT with a GF Score™ of 86/100 and a GF Value™ of CHF443.91. The stock has 2 warning signs investors should review. Among 360 Aerospace & Defense companies, Lockheed Martin ranks worse than 51.11% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Lockheed Martin's Enterprise Value is CHF121,927 Mil.
Lockheed Martin's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was CHF8,292 Mil. Therefore, Lockheed Martin's EV-to-OCF for today is 14.70.
The historical rank and industry rank for Lockheed Martin's EV-to-OCF or its related term are showing as below:
XSWX:LMT'
s EV-to-OCF Range Over the Past 10 Years
Min: 10.99 Med: 16.85 Max: 46.62
Current: 14.54
During the past 13 years, the highest EV-to-OCF of Lockheed Martin was 46.62. The lowest was 10.99. And the median was 16.85.
XSWX:LMT's EV-to-OCF is ranked worse than 51.11% of 360
companies
in the Aerospace & Defense industry
Industry Median: 13.98
vs XSWX:LMT: 14.54
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 CHF465.30.
Lockheed Martin's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF21.571.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Lockheed Martin EV-to-OCF Related Terms
Lockheed Martin EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Lockheed Martin's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's EV-to-OCF falls into.
Lockheed Martin's current Enterprise Value is CHF121,927 Mil.
Lockheed Martin's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF8,292 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-OCF of 14.70 as of Aug. 01, 2026. This is 13% below median its historical median of 16.85. Over the past decade, Lockheed Martin's EV-to-OCF has ranged from 10.99 to 46.62. According to the industry distribution chart, Lockheed Martin ranks #184 out of 360 companies in the Aerospace & Defense industry, placing it in the top 51.1%.
Is Lockheed Martin's EV-to-OCF too high?
Lockheed Martin's current EV-to-OCF of 14.70 is 13% below median its 10-year median of 16.85. Over the past 10 years, this metric has ranged from a low of 10.99 to a high of 46.62. The Aerospace & Defense industry median EV-to-OCF is 13.98. Lockheed Martin's value of 14.70 is 5.2% above this industry median. Based on the distribution chart, Lockheed Martin ranks #184 out of 360 companies in the Aerospace & Defense industry, which is below 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-OCF compare to HWM and GD?
According to the Aerospace & Defense industry distribution chart, Lockheed Martin ranks #184 out of 360 companies for EV-to-OCF. This places Lockheed Martin in the lower half of its industry. The industry median EV-to-OCF is 13.98. Lockheed Martin's value of 14.70 is 5.2% above this benchmark. Historically, Lockheed Martin's own EV-to-OCF has ranged from 10.99 to 46.62 over the past decade. While the company's 10-year median is 16.85 vs. the industry median of 13.98, Lockheed Martin has consistently been above 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-OCF for an Aerospace & Defense company?
The median EV-to-OCF among Aerospace & Defense companies is 13.98, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lockheed Martin's current EV-to-OCF of 14.70 is 5.2% above 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median EV-to-OCF is 13.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lockheed Martin's current EV-to-OCF is 14.70, which is 13% below median its own 10-year median of 16.85. 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-OCF of 14.70. The stock's GF Value™ is CHF443.91, compared to a current price of CHF465.30 — trading 4.8% above its estimated fair value. The current EV-to-OCF is 14.70, which is 13% below median its 10-year median of 16.85 and 5.2% above the Aerospace & Defense industry median of 13.98. Lockheed Martin's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Lockheed Martin (XSWX:LMT), the current EV-to-OCF is 14.70 as of Aug. 01, 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 CHF465.30 is trading 4.8% above its estimated GF Value™ of CHF443.91.
Key valuation signals for XSWX:LMT:
EV-to-OCF: 14.70 (13% below median its 10-year median of 16.85)
GF Value™: CHF443.91 vs. price of CHF465.30 (4.8% above fair value)
Industry Position: 5.2% above the Aerospace & Defense median (#184 of 360)
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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