Valuation + Options Snapshot

LMT

$542.22 · 52-week range $410.11 – $692.00 · as of 2026-07-06

Value

Expensive

Volatility setup

Premium-rich

What the numbers show

  • Current P/E: 26.3× (no 5y history available).
  • FCF yield 4.5% — modest.
  • Dividend yield 2.49% — well covered by TTM FCF (1.8×).
  • YoY growth — revenue +4.6%, EPS -11.0%, FCF +13.6%.
  • Share count down 3.3% over 8 quarters — modest buyback.
  • ATM IV 32.7% vs trailing realized vol 27.5% — +5.2 vol points premium (premium-rich for sellers).
  • Moderate chain liquidity — ATM-band put OI 4,850.

Current P/E

26.3×

5y median P/E

vs 5y median

FCF yield

4.53%

Dividend yield

2.49%

Coverage (FCF / div)

1.8×

Revenue YoY

+4.6%

EPS YoY

-11.0%

FCF YoY

+13.6%

Shares Δ (8 quarters)

-3.3%

ATM implied vol

32.7%

Realized vol (1y)

27.5%

IV − RV

+5.2 pts

ATM-band put OI

4,850

Range position

24% above low

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This page is not a recommendation. It shows structural numbers and classification only. Whether LMT is a name worth owning — at any price or strike — is the analyst work the paid Value Options Letter does every week.