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 Nov 5, 2025 is 21.98. This is calculated based on the current EPS of $15.6 and the stock price of $342.91 per share. The PE ratio has increased by 13% from the past four quarters average of 19.5.
GD PE ratio history
The average historical PE ratio of General Dynamics for the last ten years is 17.96. The current P/E ratio of 21.98 is 22% 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 |
|---|---|---|---|---|
| 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 |
| 2010 | 10.31 | -6.1% | $70.96 | $6.88 |
General Dynamics PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Oct 2022 | 17.55 | -6.8% | $212.17 | $12.09 |
| Jul 2022 | 18.83 | -8.77% | $223.86 | $11.89 |
| Apr 2022 | 20.64 | 14.92% | $242.51 | $11.75 |
GD Price vs fair value
GD average PE ratio chart
GD's current P/E ratio is above the 3, 5 and 10-year averages.
PE comparison
General Dynamics's P/E of 21.98 is above its peers average but below the Industrials sector and the industry average. In comparison with its Industrials sector average of 25.78, General Dynamics's P/E is 15% lower.
GD PE vs peers
In comparison to its peers LMT and KTOS, GD's PE ratio is lower, but it is higher than HON's and NOC's. General Dynamics's PE ratio is trading above the peer group average of 21.22.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TXT Textron Inc | 17.45 | $14.15B |
| NOC Northrop Grumman Corp | 20.48 | $81.42B |
| HON Honeywell International Inc | 20.66 | $125.1B |
| GD General Dynamics Corp | 21.98 | $92.63B |
| LMT Lockheed Martin Corp | 26.27 | $109.48B |
| KTOS Kratos Defense & Security Solutions Inc | 595.46 | $13.07B |
| BA Boeing Co | N/A | $150.21B |
Frequently asked questions
What is General Dynamics's PE ratio?
The price to earnings ratio for GD stock is 21.98 as of Nov 5, 2025.
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 20.13.
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 18.98.
What is the highest PE ratio for GD?
Over the last ten years, the quarterly PE ratio reached a historic high of 22.78 in the Mar 2024 quarter.
How does the current PE ratio for GD compare to its historical average?
The current price to earnings ratio of GD is 22% 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 (Nov 5, 2025), General Dynamics's stock price is $342.91. The earnings per share for the trailing twelve months (TTM) ending Sep 2025 is $15.6. Therefore, General Dynamics's PE ratio for today is 21.98. PE RATIO(21.98) = STOCK PRICE($342.91) / TTM EPS($15.6)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.