Northrop Grumman
NOC
#213
Rank
$68.71 B
Marketcap
$448.96
Share price
1.89%
Change (1 day)
20.31%
Change (1 year)
Northrop Grumman Corporation is an American manufacturer of primarily defense technology for the marine, aerospace and information technology industries.

P/E ratio for Northrop Grumman (NOC)

P/E ratio as of February 2023 (TTM): 18.1

According to Northrop Grumman's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.1178. At the end of 2021 the company had a P/E ratio of 8.80.

P/E ratio history for Northrop Grumman from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20218.80-44.52%
202015.9-39.66%
201926.398.34%
201813.3-50.13%
201726.640.53%
201618.94.55%
201518.118.88%
201415.213.5%
201313.456.51%
20128.5612.03%
20117.64-9.27%
20108.43-13.36%
20099.72-191.23%
2008-10.7-178.66%
200713.6-1.18%
200613.7-0.76%
200513.8-15.93%
200416.4-10.35%
200318.3-92.71%
20022511266.85%
200118.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-14.5-180.10%๐Ÿ‡บ๐Ÿ‡ธ USA
21.5 18.82%๐Ÿ‡บ๐Ÿ‡ธ USA
19.2 5.90%๐Ÿ‡บ๐Ÿ‡ธ USA
-49.2-371.37%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.