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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Lockheed Martin's Goodwill for the quarter that ended in Jun. 2026 was CHF9,030 Mil. Lockheed Martin's Total Assets for the quarter that ended in Jun. 2026 was CHF49,916 Mil.
Therefore, Lockheed Martin's Goodwill to Asset Ratio for the quarter that ended in Jun. 2026 was 0.18.
Lockheed Martin (XSWX:LMT) Goodwill-to-Asset Explanation
If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.
Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.
Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.
Lockheed Martin Goodwill-to-Asset Related Terms
Lockheed Martin Goodwill-to-Asset Historical Data
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The historical data trend for Lockheed Martin's Goodwill-to-Asset 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.
XSWX:LMT vs HWM, GD, BA: Goodwill-to-Asset Comparison
For the Aerospace & Defense subindustry, Lockheed Martin's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset 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 Goodwill-to-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's Goodwill-to-Asset falls into.
* 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 Goodwill-to-Asset of 0.18 as of Jun. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Lockheed Martin and its competitors.
Is Lockheed Martin's Goodwill-to-Asset too high?
Lockheed Martin's current Goodwill-to-Asset is 0.18. Overall, Lockheed Martin has a GF Score™ of 23/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lockheed Martin's Goodwill-to-Asset compare to HWM and GD?
Lockheed Martin's Goodwill-to-Asset of 0.18 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 Goodwill-to-Asset for an Aerospace & Defense company?
A good Goodwill-to-Asset depends on the Aerospace & Defense industry context. However, Goodwill-to-Asset 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 Goodwill-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Lockheed Martin and its competitors. Lockheed Martin's current Goodwill-to-Asset is 0.18. 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 (XSWX:LMT) is currently considered Fairly Valued. The stock's GF Value™ is CHF449.82, compared to a current price of CHF472.15 — trading 5% above its estimated fair value. The current Goodwill-to-Asset is 0.18. Lockheed Martin's overall GF Score™ is 23/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For Lockheed Martin (XSWX:LMT), the current Goodwill-to-Asset is 0.18 as of Jun. 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 CHF472.15 is trading 5% above its estimated GF Value™ of CHF449.82.
GuruFocus considers Lockheed Martin to be Fairly Valued.
Key valuation signals for XSWX:LMT:
Goodwill-to-Asset: 0.18
GF Value™: CHF449.82 vs. price of CHF472.15 (5% above fair value)
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.
23GF Score
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