Northrop Grumman
NOC
#272
Rank
$69.98 B
Marketcap
$472.40
Share price
0.11%
Change (1 day)
6.62%
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 May 2024 (TTM): 15.4

According to Northrop Grumman's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.4468. 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
202217.394.52%
20218.87-44.44%
202016.0-38.34%
201925.990.58%
201813.6-27.25%
201718.7-8.28%
201620.413.58%
201517.920.44%
201414.910.55%
201313.558.63%
20128.4911.06%
20117.64-9.88%
20108.48-11.07%
20099.54-188.37%
2008-10.8-179.61%
200713.6-0.69%
200613.7-1.45%
200513.9-15.09%
200416.3-20.28%
200320.5-13.35%
200223.625.01%
200118.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-39.3-354.52%๐Ÿ‡บ๐Ÿ‡ธ USA
17.0 10.37%๐Ÿ‡บ๐Ÿ‡ธ USA
24.6 59.33%๐Ÿ‡บ๐Ÿ‡ธ USA
-109-802.41%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.