GD
General Dynamics
PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: GD
- PE Ratio
The current price-to-earnings ratio for General Dynamics stock as of Jul 31, 2026 is 23.06. This is calculated based on the current EPS of $16.63 and the stock price of $383.42 per share. The PE ratio has increased by 6% from the past four quarters average of 21.7.
GD PE ratio history
The average historical PE ratio of General Dynamics for the last ten years is 18.51. The current P/E ratio of 23.06 is 25% higher than the historical average. In the past ten years, GD's PE ratio peaked in the Mar 2024 quarter at 22.78, when the stock price was $282.49 and the EPS was $12.4. The lowest point was in the Mar 2020 quarter, when it reached 10.88 with a price of $130.07 and an EPS of $11.95.
General Dynamics PE ratio by year
Maximum annual increase: 40.72% in 2016
Maximum annual decrease: -33.62% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 21.51 | 12.74% | $336.66 | $15.65 |
| 2024 | 19.08 | -10.8% | $263.49 | $13.81 |
| 2023 | 21.39 | 6.1% | $259.67 | $12.14 |
| 2022 | 20.16 | 12.25% | $248.11 | $12.31 |
| 2021 | 17.96 | 33.23% | $208.47 | $11.61 |
| 2020 | 13.48 | -7.61% | $148.82 | $11.04 |
| 2019 | 14.59 | 5.12% | $176.35 | $12.09 |
| 2018 | 13.88 | -33.62% | $157.21 | $11.33 |
| 2017 | 20.91 | 2.2% | $203.45 | $9.73 |
| 2016 | 20.46 | 40.72% | $172.66 | $8.44 |
| 2015 | 14.54 | -20.11% | $137.36 | $9.45 |
| 2014 | 18.2 | 27.99% | $137.62 | $7.56 |
| 2013 | 14.22 | N/A | $95.55 | $6.72 |
| 2012 | N/A | N/A | $69.27 | -$0.94 |
| 2011 | 9.57 | -7.18% | $66.41 | $6.94 |
General Dynamics PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jul 2026 | 22.46 | 3.69% | $373.54 | $16.63 |
| Apr 2026 | 21.66 | 0.7% | $349.09 | $16.12 |
| Dec 2025 | 21.51 | 1.56% | $336.66 | $15.65 |
| Sep 2025 | 21.18 | 9.68% | $330.34 | $15.6 |
| Jun 2025 | 19.31 | 4.6% | $290.74 | $15.06 |
| Mar 2025 | 18.46 | -3.25% | $269.08 | $14.58 |
| Dec 2024 | 19.08 | -15.46% | $263.49 | $13.81 |
| Sep 2024 | 22.57 | 0.98% | $300.13 | $13.3 |
| Jun 2024 | 22.35 | -1.89% | $290.14 | $12.98 |
| Mar 2024 | 22.78 | 6.5% | $282.49 | $12.4 |
| Dec 2023 | 21.39 | 16.82% | $259.67 | $12.14 |
| Oct 2023 | 18.31 | 4.57% | $220.97 | $12.07 |
| Jul 2023 | 17.51 | -5.3% | $215.15 | $12.29 |
| Apr 2023 | 18.49 | -8.28% | $228.21 | $12.34 |
| Dec 2022 | 20.16 | 14.87% | $248.11 | $12.31 |
GD Price vs fair value
GD average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
GD's current P/E ratio is above the 3, 5 and 10-year averages.
PE comparison
General Dynamics's P/E of 23.06 is below the Industrials sector, the industry and its peers average. In comparison with its Industrials sector average of 28.25, General Dynamics's P/E is 18% lower.
GD PE vs peers
In comparison to its peers BA and KTOS, GD's PE ratio is lower, but it is higher than LMT's and NOC's. General Dynamics's PE ratio is trading below the peer group average of 28.11.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HON Honeywell International Inc | 9.53 | $78.21B |
| TXT Textron Inc | 16.2 | $14.9B |
| NOC Northrop Grumman Corp | 17.43 | $78.08B |
| LMT Lockheed Martin Corp | 21.41 | $134.67B |
| GD General Dynamics Corp | 23.16 | $104.21B |
| BA Boeing Company | 79.45 | $177.09B |
| KTOS Kratos Defense & Security Solutions Inc | 263 | $8.88B |
Frequently asked questions
What is General Dynamics's PE ratio?
The price to earnings ratio for GD stock is 23.06 as of Jul 31, 2026.
What is the 3-year average PE ratio for General Dynamics (GD)?
As an average over the last 3 years, GD stock has a PE ratio of 20.92.
What is the 5-year average PE ratio for General Dynamics (GD)?
As an average over the last 5 years, GD stock has a PE ratio of 19.96.
What is the highest PE ratio for GD?
Within the last ten years, the current PE ratio is at its peak with a value of 23.06.
How does the current PE ratio for GD compare to its historical average?
The current price to earnings ratio of GD is 25% higher than the 10-year historical average.
How is GD's PE ratio calculated (General Dynamics PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 31, 2026), General Dynamics's stock price is $383.42. The earnings per share for the trailing twelve months (TTM) ending Jul 2026 is $16.63. Therefore, General Dynamics's PE ratio for today is 23.06. PE RATIO(23.06) = STOCK PRICE($383.42) / TTM EPS($16.63)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.