EN DE
STOCK COMPARISON

Lockheed Martin vs RTX: Fair Value & Quality

Both stocks run through our valuation models. Here is how Lockheed Martin (LMT) and RTX (RTX) compare, as of Oct 30, 2026.

As of Oct 30, 2026, Fair Value Calculator sees Lockheed Martin as the less overvalued of the two: Lockheed Martin trades at $637 versus a fair value of $439 (−31.0%), while RTX trades at $200 versus $88.19 (−55.9%).
Lockheed Martin
LMT · USD · Industrials
−31.0%
upside to fair value
overvalued
Price$637
Fair Value$439
Quality67/100
Fair ValueQualityUptrend
RTX
RTX · USD · Industrials
−55.9%
upside to fair value
overvalued
Price$200
Fair Value$88.19
Quality63/100
Fair ValueQualityUptrend
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Lockheed MartinRTX
Valuation
22.6×P/E (TTM)32.5×
19.1×Forward P/E (FY2027)24.9×
19.8×Median P/E at FY-end (ex one-offs where documented)34.5×
1.86×P/S (TTM)2.84×
21.90× · book value is mostly goodwillP/B4.18× · book value is mostly goodwill
16.6×EV/EBITDA17.7×
1.19×PEG2.09×
−31.0%Fair value upside−55.9%
2.2%Dividend yield1.4%
$13.80Dividend per share$2.82
Profitability
11.4%Operating margin15.5%
0.78×EBIT margin trend (5Y)4.00×
80.2%Return on equity12.9%
8.4%Return on assets3.9%
Growth
11.3%Revenue growth (YoY)11.1%
4.4%Avg. growth/yr (3Y)9.7%
2.8%Avg. growth/yr (5Y)9.4%
+1.2%Value creation/yr+14.5%
Balance & size
6.9×Interest coverage (EBIT/interest)4.8×
3.06×Debt / equity0.53×
$147BMarket cap$273B
healthyGrowth qualityhealthy
Lockheed Martin, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 19.8. RTX, median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings, 4 of the years ex one-offs: 34.5.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Lockheed Martin leads: 8 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Lockheed Martin RTX
ProfitabilityHow much profit the company makes from its sales and capital
62
34
Quality GrowthAre margins and returns getting better?
39
59
CashflowDo the profits arrive as real cash?
63
58
Financial strengthDebt, balance sheet and risk of trouble
35
51
InvestmentDoes it invest with discipline instead of growing at any price?
93
94
Low VolatilityHow calm the share price moves, does not count
84
89
Price momentumPrice momentum of the last 3 to 12 months, does not count
58
46
Near the 52-week highDistance to the 52-week high, does not count
79
53
New sharesBuys back shares or issues new ones?
92
87

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyLockheed MartinPrice $637RTXPrice $200
DCF Models−31.2%below the price$438−48.4%below the price$103
Earnings-Based−53.7%below the price$295−74.9%below the price$50.17
Dividend Discount−62.1%below the price$242−72.8%below the price$54.38
Multiples−28.7%below the price$454−55.9%below the price$88.19
Growth DCF−23.4%below the price$488−49.3%below the price$101
Economic Profit−64.9%below the price$224−74.2%below the price$51.58
Growth Earnings−41.1%below the price$375−56.2%below the price$87.50
Matching families7 of 7
Minimum−64.9%below the price$224−74.9%below the price$50.17
Maximum−23.4%below the price$488−48.4%below the price$103
Median−41.1%below the price$375−56.2%below the price$87.50
Geometric mean−45.9%below the price$345−63.3%below the price$73.26
Ahead family by family7 of 70 of 7

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 7 of 7), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Lockheed Martin is ahead in 7 of 7 shared families, RTX in none.

Lockheed Martin: 23 of 23 models see the stock below the current price.

RTX: 23 of 23 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Lockheed Martin
Price $637
Fair Value $439
Bear $286Bull $570
RTX
Price $200
Fair Value $88.19
Bear $59.08Bull $116

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Lockheed Martin · Industrials

Quality score67 · Top 25%
Fair value upside−31.0% · below median

RTX · Industrials

Quality score63 · Top 25%
Fair value upside−55.9% · bottom 25%

Bottom line

As of Oct 30, 2026, Fair Value Calculator sees Lockheed Martin as the less overvalued of the two: Lockheed Martin trades at $637 versus a fair value of $439 (−31.0%), while RTX trades at $200 versus $88.19 (−55.9%).

Lockheed Martin has the higher quality score (67/100).

Open Lockheed Martin live analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.