• Lockheed Martin average price/book ratio for 2023 was 12.7, a 22.59% increase from 2022.
• Lockheed Martin average price/book ratio for 2022 was 10.36, a 11.98% increase from 2021.
• Lockheed Martin average price/book ratio for 2021 was 11.77, a 43.14% decline from 2020.

Price/book ratio can be defined as