As of Q4'25, Lockheed Martin's P/E Ratio stands at 20.77, showing a notable decrease from the previous quarter's peak of 26.97. This latest data point reflects a partial correction after a sharp rise in Q3'25. Analyzing the period from Q1'23 to Q4'25, the P/E Ratio initially declined from 22.33 in Q1'23 to a low of 15.35 in Q4'23, indicating a period of valuation compression. From Q1'24 onward, the ratio began to recover, with a steady upward trend culminating in a significant spike to 26.97 in Q3'25 before retreating to 20.77. This pattern suggests increased volatility in valuation over the last year, with the most pronounced fluctuations occurring in 2025.