Howmet Aerospace
HWM
#703
Rank
$27.93 B
Marketcap
$68.08
Share price
0.64%
Change (1 day)
67.03%
Change (1 year)
Categories
Howmet Aerospace Inc., is an American aerospace company that manufactures components for jet engines, fasteners and titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.

P/E ratio for Howmet Aerospace (HWM)

P/E ratio as of March 2024 (TTM): 43.9

According to Howmet Aerospace 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 43.9226. At the end of 2022 the company had a P/E ratio of 35.2.

P/E ratio history for Howmet Aerospace from 2016 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202235.2-34.78%
202153.911.53%
202048.465.07%
201929.3131.17%
201812.7-106.98%
2017-1822132.1%
2016-8.14

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.4-73.99%๐Ÿ‡บ๐Ÿ‡ธ USA
44.7 1.77%๐Ÿ‡บ๐Ÿ‡ธ 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.