P/E ratio for Northrop Grumman (NOC)
P/E ratio as of May 2023 (TTM): 18.5
According to Northrop Grumman's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.5268. 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 |
|---|---|---|
| 2021 | 8.80 | -44.52% |
| 2020 | 15.9 | -39.66% |
| 2019 | 26.3 | 98.34% |
| 2018 | 13.3 | -50.13% |
| 2017 | 26.6 | 40.53% |
| 2016 | 18.9 | 4.55% |
| 2015 | 18.1 | 18.88% |
| 2014 | 15.2 | 13.5% |
| 2013 | 13.4 | 56.51% |
| 2012 | 8.56 | 12.03% |
| 2011 | 7.64 | -9.27% |
| 2010 | 8.43 | -13.36% |
| 2009 | 9.72 | -191.23% |
| 2008 | -10.7 | -178.66% |
| 2007 | 13.6 | -1.18% |
| 2006 | 13.7 | -0.76% |
| 2005 | 13.8 | -15.93% |
| 2004 | 16.4 | -10.35% |
| 2003 | 18.3 | -92.71% |
| 2002 | 251 | 1266.85% |
| 2001 | 18.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Boeing BA | -29.6 | -259.66% | 🇺🇸 USA |
 Lockheed Martin LMT | 20.4 | 10.11% | 🇺🇸 USA |
 General Dynamics GD | 16.6 | -10.23% | 🇺🇸 USA |
 Kratos Defense & Security Solutions KTOS | -59.9 | -423.36% | 🇺🇸 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.