LMT P/B: current value, 10-year range and year-by-year history
Cash & Leverage
LMT's p/b is lower than 65% of the last 10 years.
P/B History
LMT P/B by year
Yearly range of LMT’s p/b from 2016 to 2026. Over the full period it ranged from -2,581.0 to 207.4, averaging -33.6.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 13.2 | 17.7 | 23.3 | 13.8 |
| 2025 | 15.2 | 17.9 | 21.4 | 16.7 |
| 2024 | 15.1 | 17.9 | 22.6 | 18.2 |
| 2023 | 10.7 | 12.4 | 13.4 | 12.2 |
| 2022 | 8.6 | 10.5 | 12.6 | 10.8 |
| 2021 | 8.9 | 14.5 | 17.4 | 8.9 |
| 2020 | 16.5 | 28.5 | 39.3 | 16.5 |
| 2019 | 26.7 | 39.8 | 61.0 | 34.8 |
| 2018 | -2,581.0 | -550.9 | 207.4 | 51.6 |
| 2017 | 40.9 | 51.0 | 66.6 | 42.8 |
| 2016 | 24.3 | 30.1 | 33.3 | 31.1 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is LMT P/B High or Low Right Now?
Lockheed Martin Corporation's P/B is currently 13.8, which is below average relative to its 10-year historical range. The 10-year median P/B for LMT is approximately 18.1. See all LMT valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.