Lockheed Martin Corp vs Space Exploration Technologies Corp

Lockheed Martin Corp (LMT) is overvalued and we do not publish a verdict for Space Exploration Technologies Corp (SPCX).

We publish an intrinsic value for LMT but not for SPCX, so the two cannot be ranked on price.

Values as of the 22 Sept 2026 close.

Lockheed Martin Corp (LMT)

Discounting its cash flows at 14.7% (average of 3 methods) values the shares at $355.67; the price of $522.34 is 47% above that value, and 59% of that value comes from beyond year five.

Leak Score 51/100 on 10 of 12 signals

Space Exploration Technologies Corp (SPCX)

No Leak Score yet

MetricLMTSPCX
VerdictOvervalued
Price$522.34$154.72
Intrinsic value$355.67
Margin of safety-47%
Leak Score51/100 (10/12)
Market cap$120.6B$2.10T
Revenue growth, 5 years2.8%
Operating margin11.8%
Net margin8.2%
Return on equity89.2%
Debt to equity2.340.31
P/E19.3x
Forward P/E16.0x
P/B13.7x16.0x
Dividend yield2.7%

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