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NOC Northrop Grumman PE ratio, current and historical analysis

As of Feb 23, 2024, the Northrop Grumman stock's P/E ratio is 33.98. This takes into account the latest EPS of $13.57 and stock price of $461.1. The PE ratio has increased by 72% from its last 4 quarters average of 19.7.

NOC PE ratio history

How has NOC's PE ratio performed in the past

The PE ratio of Northrop Grumman has averaged 17.08 over the last ten years. The current price-to-earnings ratio of 33.98 is 99% 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.

Average
17.08
Median
16.13
Minimum
8.86
Maximum
34.5

Northrop Grumman PE ratio by year

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%

NOC average PE ratio chart

What is the average PE ratio of NOC for the past years

Currently, NOC's PE ratio is above its 3, 5 and 10-year averages.

3-year avg
15.13
5-year avg
17.05
10-year avg
17.08
15-year avg
14.78

NOC PE vs peers

What is NOC's PE ratio compared to its peers

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 15.46 $103.27B
GD General Dynamics Corp 22.49 $74.8B
NOC Northrop Grumman Corp 33.9 $69.01B
BA Boeing Co N/A $122.55B
KTOS Kratos Defense & Security Solutions Inc N/A $2.4B

Frequently asked questions

What is Northrop Grumman's PE ratio?

The price to earnings ratio for NOC stock as of Feb 23, 2024, stands at 33.98.

What is the 3-year average PE ratio for Northrop Grumman (NOC)?

The 3-year average PE ratio for NOC stock is 15.13.

What is the 5-year average PE ratio for Northrop Grumman (NOC)?

The 5-year average PE ratio for NOC stock is 17.05.

What is the highest PE ratio for NOC?

Over the last ten years, the Dec 2023 quarter recorded the highest quarterly PE ratio at 34.5.

How does the current PE ratio for NOC compare to its historical average?

NOC's price to earnings ratio is currently 99% above its 10-year historical average.

How is NOC's PE ratio calculated (Northrop Grumman PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Feb 23, 2024), Northrop Grumman's share price is $461.1. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $13.57. Therefore, Northrop Grumman's price to earnings ratio for today is 33.98. PE RATIO(33.98) = STOCK PRICE($461.1) / TTM EPS($13.57)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.