Valuation dashboard for Northrop Grumman Corporation (NOC) with P/E 17.36, P/B 4.22, EV/EBITDA 12.4 and dividend yield 1.72%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Industrials companies.
Northrop Grumman Corporation is a leading global player in the aerospace and defense sectors. Its Aeronautics Systems division is responsible for the full lifecycle of aircraft, from design and development to production, integration, and ongoing maintenance.
Where would it trade at its usual multiples?
Versus its usual multiples: fairly priced · Current P/E 17.4× · Multiples range: $642.88 · $819.45.
At the decade median (20.3×) $643 (+17%); at its sector median (25.9×) $819 (+49%). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Northrop Grumman Corporation reported revenue of $41.95B in the most recent fiscal year, growing at a 5-year CAGR of 2.7%. Net income reached $4.18B, with a 5.6% 5-year CAGR.
Trailing-twelve-month margins: gross margin 20.0%, operating margin 10.1%, net margin 10.4%.
At $550.30 (closing price, November 3, 2026), NOC trades at a P/E of 17.36 and an ROE of 25.70%. Market capitalisation stands at $78.2B, placing it among large-cap names.
Balance sheet quality for NOC: debt-to-equity ratio of 0.89, current ratio of 1.23 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 17.36 |
| Price / Book | 4.22 |
| EV / EBITDA | 12.4 |
| Dividend Yield | 1.72% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| NOC | Northrop Grumman Corporation | $78.2B | 17.36 | 4.22 | 25.7% |
| RTX | RTX Corporation | $275.0B | 33.09 | 3.96 | 12.8% |
| BA | The Boeing Company | $137.3B | 18.86 | 20.67 | 127.1% |
| LMT | Lockheed Martin Corporation | $147.6B | 22.70 | 14.73 | 78.8% |
| GD | General Dynamics Corporation | $101.3B | 22.02 | 3.70 | 17.6% |
| LHX | L3Harris Technologies, Inc. | $51.7B | 25.90 | 2.56 | 10.2% |
| HII | Huntington Ingalls Industries, Inc. | $12.5B | 17.06 | 2.26 | 13.9% |
Price
| Price | $550.30 (closing price, November 3, 2026) |
| Market Cap | $78.2B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 25.70% |
| Return on Invested Capital | 9.79% |
| Return on Assets | 8.61% |
| Gross Margin | 20.02% |
| Operating Margin | 10.08% |
| Net Margin | 10.37% |
Related companies: RTX · BA · LMT · GD · LHX · HII
Explore sector: Industrials · Aerospace & Defense
More sections of NOC: Overview · Financials · Estimates · Technical · Ownership
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