| Lockheed Martin (NYSE: LMT) has been a stalwart of the defense industry for decades. From missiles and F-35 fighter jets to satellites and cybersecurity solutions, its portfolio of advanced technology systems, products, and services touches nearly every aspect of modern warfare and national security. The company's stock has seen a dramatic surge. Shares have skyrocketed from around $450 in early July to over $550 today - a whopping 22% gain in just a matter of weeks. This rapid ascent appears to have been largely driven by escalating tensions in the Middle East, as investors have bet on increased defense spending amid the threat of an expanded conflict. But in today's market, is this aerospace giant still a good value? Let's run the numbers through The Value Meter to find out. At first glance, Lockheed's enterprise value-to-net asset value (EV/NAV) ratio of 23.54 might raise some eyebrows. It's more than double the average of 10.95 for companies with positive net assets. Typically, this would suggest the stock is overvalued. But with Lockheed, there's more to the story. | 
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