Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Lockheed Martin Corp., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Lockheed Martin Corp. Annual Report.


The analysis of the financial metrics over the reported periods reveals distinct trends in share price, sales per share, and the price-to-sales (P/S) ratio.

Share Price
The share price demonstrates a general upward trajectory with notable volatility. Initially, it rose from $72.87 in 2006 to a peak of $105.16 in 2008, followed by a significant decline to $68.93 in 2009. After this dip, the price consistently increased, reaching a sharp high of $341.42 in 2018 and peaking at $459.81 in early 2023. This pattern indicates periods of market volatility, possibly reflecting broader economic conditions or company-specific factors influencing investor sentiment.
Sales per Share
Sales per share steadily increased throughout the entire period, rising from $85.17 in 2006 to $301.82 projected for 2025. The growth is relatively smooth and consistent, reflecting ongoing revenue growth per share without major interruptions. This increase suggests improved operational performance or successful business expansion contributing to higher sales per unit of equity.
Price-to-Sales (P/S) Ratio
The P/S ratio shows variability with distinct phases. Between 2006 and 2009, the ratio declined from 0.86 to a low of 0.6, indicating a decrease in market valuation relative to sales, possibly due to the share price declines and the onset of the financial crisis. However, from 2010 onwards, the P/S ratio generally trended upward, peaking at 2.07 in 2020. This rise indicates increasing market confidence or improved pricing power relative to sales. Notably, the ratio displays some fluctuations between 2019 and 2025, maintaining levels above 1.5 but below the peak, suggesting a stabilization at a higher valuation multiple compared to earlier periods.

Overall, the data suggest that while share price experienced significant volatility and some sharp increases, sales per share have grown steadily over time. The market's valuation of sales, as indicated by the P/S ratio, has increased notably since 2010, reflecting enhanced investor confidence or expectations of future profitability. These trends may have implications for the company's market positioning and growth prospects.


Comparison to Competitors

Lockheed Martin Corp., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Capital Goods)


Comparison to Industry (Industrials)