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NOC (Northrop Grumman) Cyclically Adjusted Price-to-FCF : 31.79 (As of Jun. 02, 2025)


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What is Northrop Grumman Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), Northrop Grumman's current share price is $484.77. Northrop Grumman's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $15.25. Northrop Grumman's Cyclically Adjusted Price-to-FCF for today is 31.79.

The historical rank and industry rank for Northrop Grumman's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

NOC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.46   Med: 31.07   Max: 41.87
Current: 31.79

During the past years, Northrop Grumman's highest Cyclically Adjusted Price-to-FCF was 41.87. The lowest was 23.46. And the median was 31.07.

NOC's Cyclically Adjusted Price-to-FCF is ranked better than
66.99% of 103 companies
in the Aerospace & Defense industry
Industry Median: 47.49 vs NOC: 31.79

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Northrop Grumman's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $-12.567. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $15.25 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Northrop Grumman Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Northrop Grumman's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Northrop Grumman Cyclically Adjusted Price-to-FCF Chart

Northrop Grumman Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.11 28.48 38.36 31.48 29.75

Northrop Grumman Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.42 28.46 34.40 29.75 33.58

Competitive Comparison of Northrop Grumman's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Northrop Grumman's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Northrop Grumman's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Northrop Grumman's Cyclically Adjusted Price-to-FCF falls into.


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Northrop Grumman Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Northrop Grumman's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=484.77/15.25
=31.79

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Northrop Grumman's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Northrop Grumman's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-12.567/134.9266*134.9266
=-12.567

Current CPI (Mar. 2025) = 134.9266.

Northrop Grumman Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 2.638 100.684 3.535
201509 2.422 100.392 3.255
201512 8.113 99.792 10.969
201603 -1.952 100.470 -2.621
201606 2.375 101.688 3.151
201609 3.346 101.861 4.432
201612 6.868 101.863 9.097
201703 -3.719 102.862 -4.878
201706 1.652 103.349 2.157
201709 4.113 104.136 5.329
201712 7.568 104.011 9.817
201803 -3.090 105.290 -3.960
201806 3.854 106.317 4.891
201809 3.030 106.507 3.839
201812 11.076 105.998 14.099
201903 -7.012 107.251 -8.821
201906 7.957 108.070 9.934
201909 5.191 108.329 6.466
201912 11.786 108.420 14.667
202003 -7.512 108.902 -9.307
202006 12.361 108.767 15.334
202009 6.408 109.815 7.873
202012 6.037 109.897 7.412
202103 -1.657 111.754 -2.001
202106 4.941 114.631 5.816
202109 5.711 115.734 6.658
202112 4.482 117.630 5.141
202203 -4.674 121.301 -5.199
202206 -2.949 125.017 -3.183
202209 6.690 125.227 7.208
202212 10.465 125.222 11.276
202303 -6.599 127.348 -6.992
202306 4.041 128.729 4.236
202309 5.728 129.860 5.952
202312 10.789 129.419 11.248
202403 -6.537 131.776 -6.693
202406 7.481 132.554 7.615
202409 4.983 133.029 5.054
202412 12.085 133.157 12.246
202503 -12.567 134.927 -12.567

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Northrop Grumman  (NYSE:NOC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Northrop Grumman Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Northrop Grumman's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Northrop Grumman Business Description

Address
2980 Fairview Park Drive, Falls Church, VA, USA, 22042
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program, produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber, and maintains and upgrades numerous military aircraft. Defense systems makes artillery and missile ammunition and guidance systems, long-range missiles, and missile defense systems. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and rocket motors.
Executives
Welsh Mark A Iii director 6020 AUGUSTA CIRCLE, COLLEGE STATION TX 77845
Kathy J Warden officer: Corp VP & Pres Info Syst 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Michael A Hardesty officer: Corp VP, Controller & CAO 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Kathryn G Simpson officer: Corp VP & General Counsel 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Thomas H Jones officer: CVP & Pres Aeronautics Systems 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Roshan S Roeder officer: CVP & Pres. Defense Systems 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mark A Caylor officer: Corp VP & Pres ESS 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Robert J. Fleming officer: CVP and Pres. Space Systems 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Kimberly A. Ross director C/O AVON PRODUCTS,INC., 1345 AVENUE OF THE AMERICAS`, NEW YORK NY 10105-0196
Mary A Winston director 557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012
David T Perry officer: CVP Chief Global Bus Dev Off 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Lucy C Ryan officer: Corp VP, Communications 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mary D Petryszyn officer: CVP, Pres, Defense Systems 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Sheila C. Cheston officer: Corp. VP & General Counsel C/O NORTHROP GRUMMAN CORPORATION, 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Stephen F. O'bryan officer: CVP Global Bus Dev Officer 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042