As of Apr 26, 2024, the Northrop Grumman stock's P/E ratio is 33.39. This takes into account the latest EPS of $14.39 and stock price of $480.45. The PE ratio has increased by 37% from its last 4 quarters average of 24.3.
The PE ratio of Northrop Grumman has averaged 17.57 over the last ten years. The current price-to-earnings ratio of 33.39 is 90% more than the historical average. Analyzing the last ten years, NOC's PE ratio reached its highest point in the Dec 2023 quarter at 34.5, when the price was $468.14 and the EPS was $13.57. The lowest point was recorded in the Dec 2021 quarter, when it reached 8.86 with a price of $387.07 and an EPS of $43.7.
Maximum annual increase: 99.88% in 2023
Maximum annual decrease: -44.52% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 34.5 | 99.88% |
| 2022 | 17.26 | 94.81% |
| 2021 | 8.86 | -44.52% |
| 2020 | 15.97 | -38.34% |
| 2019 | 25.9 | 96.66% |
| 2018 | 13.17 | -29.42% |
| 2017 | 18.66 | -8.39% |
| 2016 | 20.37 | 13.42% |
| 2015 | 17.96 | 20.78% |
| 2014 | 14.87 | 10.31% |
Currently, NOC's PE ratio is above its 3, 5 and 10-year averages.
When compared to its peer stocks LMT and GD, NOC's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| LMT Lockheed Martin Corp | 16.82 | $110.68B |
| GD General Dynamics Corp | 22.94 | $78.03B |
| NOC Northrop Grumman Corp | 33.39 | $71.1B |
| BA Boeing Co | N/A | $102.65B |
| KTOS Kratos Defense & Security Solutions Inc | N/A | $2.45B |
The price to earnings ratio for NOC stock as of Apr 26, 2024, stands at 33.39.
The 3-year average PE ratio for NOC stock is 16.91.
The 5-year average PE ratio for NOC stock is 17.99.
Over the last ten years, the Dec 2023 quarter recorded the highest quarterly PE ratio at 34.5.
NOC's price to earnings ratio is currently 90% above its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 26, 2024), Northrop Grumman's share price is $480.45. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $14.39. Therefore, Northrop Grumman's price to earnings ratio for today is 33.39. PE RATIO(33.39) = STOCK PRICE($480.45) / TTM EPS($14.39)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.