As of Jul 25, 2024, the Northrop Grumman stock's P/E ratio is 30.54. This takes into account the latest EPS of $15.41 and stock price of $470.57. The PE ratio has increased by 11% from its last 4 quarters average of 27.6.
The PE ratio of Northrop Grumman has averaged 17.96 over the last ten years. The current price-to-earnings ratio of 30.54 is 70% 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 | 18.98 | $125.09B |
GD General Dynamics Corp | 22.37 | $79.8B |
NOC Northrop Grumman Corp | 31.17 | $70.24B |
BA Boeing Co | N/A | $114.73B |
KTOS Kratos Defense & Security Solutions Inc | N/A | $3.4B |
The price to earnings ratio for NOC stock as of Jul 25, 2024, stands at 30.54.
The 3-year average PE ratio for NOC stock is 18.18.
The 5-year average PE ratio for NOC stock is 18.58.
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 70% 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 (Jul 25, 2024), Northrop Grumman's share price is $470.57. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $15.41. Therefore, Northrop Grumman's price to earnings ratio for today is 30.54. PE RATIO(30.54) = STOCK PRICE($470.57) / TTM EPS($15.41)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.