Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Lockheed Martin's Enterprise Value is $132,157 Mil.
Lockheed Martin's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $6,779 Mil. Therefore, Lockheed Martin's EV-to-EBIT ratio for today is 19.50.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Lockheed Martin's Enterprise Value is $132,157 Mil.
Lockheed Martin's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $8,467 Mil. Therefore, Lockheed Martin's EV-to-EBITDA ratio for today is 15.61.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Lockheed Martin's Enterprise Value is $132,157 Mil.
Lockheed Martin's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $75,106 Mil. Therefore, Lockheed Martin's EV-to-Revenue ratio for today is 1.76.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Lockheed Martin's Enterprise Value is $132,157 Mil.
Lockheed Martin's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $5,662 Mil. Therefore, Lockheed Martin's EV-to-FCF ratio for today is 23.34.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Lockheed Martin (LIM:LMT) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Lockheed Martin's current Enterprise Value is $132,157 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 $6,779 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Lockheed Martin's current Enterprise Value is $132,157 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 $8,467 Mil.
Lockheed Martin's current Enterprise Value is $132,157 Mil.
Lockheed Martin's Revenue 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 $75,106 Mil.
Lockheed Martin's current Enterprise Value is $132,157 Mil.
Lockheed Martin's Cash Flow from Operations 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 $7,368 Mil.
Lockheed Martin's current Enterprise Value is $132,157 Mil.
Lockheed Martin's Free Cash Flow 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 $5,662 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 Enterprise Value Related Terms
Lockheed Martin Enterprise Value Historical Data
* Premium members only.
The historical data trend for Lockheed Martin's Enterprise Value 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.
LIM:LMT vs HWM, GD, RKLB: Enterprise Value Comparison
For the Aerospace & Defense subindustry, Lockheed Martin's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Lockheed Martin's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of $132,157 Mil mean?
Lockheed Martin (LIM:LMT) has a Enterprise Value of $132,157 Mil as of Jun. 24, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Lockheed Martin and its competitors.
Is Lockheed Martin's Enterprise Value too high?
Lockheed Martin's current Enterprise Value is $132,157 Mil. Overall, Lockheed Martin has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lockheed Martin's Enterprise Value compare to HWM and GD?
Lockheed Martin's Enterprise Value of $132,157 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Aerospace & Defense company?
A good Enterprise Value depends on the Aerospace & Defense industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Lockheed Martin and its competitors. Lockheed Martin's current Enterprise Value is $132,157 Mil. 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?
Based on GuruFocus' analysis, Lockheed Martin (LIM:LMT) is currently considered Fairly Valued. The stock's GF Value™ is $587.42, compared to a current price of $541.22 — trading 7.9% below its estimated fair value. The current Enterprise Value is $132,157 Mil. Lockheed Martin's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Lockheed Martin (LIM:LMT), the current Enterprise Value is $132,157 Mil as of Jun. 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 (LIM:LMT) Overvalued in 2026?
Based on GuruFocus' analysis, Lockheed Martin stock appears to be undervalued.
The current stock price of $541.22 is trading 7.9% below its estimated GF Value™ of $587.42.
GuruFocus considers Lockheed Martin to be Fairly Valued.
Key valuation signals for LIM:LMT:
Enterprise Value: $132,157 Mil
GF Value™: $587.42 vs. price of $541.22 (7.9% below fair value)
No single metric tells the full story. See the LIM: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.
73GF Score
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