As of Q4'25, Lockheed Martin's (LMT) latest P/B Ratio stands at 16.62, reflecting a moderate decrease from the previous quarter. This value indicates a slight pullback after peaking at 18.33 in Q3'25. Over the period from Q1'23 to Q4'25, the P/B Ratio has shown significant volatility. After a steady decline from 13.16 in Q1'23 to a low of 11.80 in Q3'23, the ratio surged sharply, reaching a high of 19.35 in Q2'24. Since then, the metric has fluctuated within the 16–19 range, suggesting a period of elevated valuation compared to earlier quarters. This trend highlights notable shifts in market sentiment and valuation for LMT over the observed timeframe.