P/E ratio for Northrop Grumman (NOC)
P/E ratio as of March 2025 (TTM): 16.6
According to Northrop Grumman's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.5833. At the end of 2022 the company had a P/E ratio of 17.3.
P/E ratio history for Northrop Grumman from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.3 | 94.52% |
| 2021 | 8.87 | -44.44% |
| 2020 | 16.0 | -38.34% |
| 2019 | 25.9 | 90.58% |
| 2018 | 13.6 | -27.25% |
| 2017 | 18.7 | -8.28% |
| 2016 | 20.4 | 13.58% |
| 2015 | 17.9 | 20.44% |
| 2014 | 14.9 | 10.55% |
| 2013 | 13.5 | 58.63% |
| 2012 | 8.49 | 11.06% |
| 2011 | 7.64 | -9.88% |
| 2010 | 8.48 | -11.07% |
| 2009 | 9.54 | -188.37% |
| 2008 | -10.8 | -179.61% |
| 2007 | 13.6 | -0.69% |
| 2006 | 13.7 | -1.45% |
| 2005 | 13.9 | -15.09% |
| 2004 | 16.3 | -20.28% |
| 2003 | 20.5 | -13.35% |
| 2002 | 23.6 | 25.01% |
| 2001 | 18.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 16.1 | -2.96% | 🇺🇸 USA |
 | -38.8 | -334.27% | 🇺🇸 USA |
 | 22.2 | 33.66% | 🇺🇸 USA |
 | -165 | -1,093.77% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.