Northrop Grumman (TSX:NOC) Cyclically Adjusted Revenue per Share: C$0.00 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:NOC Northrop Grumman Corp TSX:NOC
68 GF Score
Price C$17.80
GF Value C$19.27
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Northrop Grumman Cyclically Adjusted Revenue per Share?

Northrop Grumman TSX:NOC +0.62% 68 Cyclically Adjusted Revenue per Share is C$0.00 as of Mar. 2026. GuruFocus rates TSX:NOC with a GF Score™ of 68/100 and a GF Value™ of C$19.27 (Fairly Valued). The stock has 2 warning signs investors should review.

Note: As Cyclically Adjusted Revenue per Share is a main component used to calculate Cyclically Adjusted PS Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Northrop Grumman's adjusted revenue per share for the three months ended in Mar. 2026 was C$95.135. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$0.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Northrop Grumman's average Cyclically Adjusted Revenue Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Northrop Grumman was 12.20% per year. The lowest was -1.40% per year. And the median was 3.40% per year.

As of today (2026-07-20), Northrop Grumman's current stock price is C$17.80. Northrop Grumman's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$0.00. Northrop Grumman's Cyclically Adjusted PS Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Northrop Grumman was 3.02. The lowest was 1.87. And the median was 2.27.


Northrop Grumman  (TSX:NOC) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Northrop Grumman was 3.02. The lowest was 1.87. And the median was 2.27.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Northrop Grumman Cyclically Adjusted Revenue per Share Related Terms


Northrop Grumman Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Northrop Grumman's Cyclically Adjusted Revenue per Share 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.

Northrop Grumman Cyclically Adjusted Revenue per Share Chart

Northrop Grumman Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Northrop Grumman Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 0.00 0.00 0.00 0.00 0.00

TSX:NOC vs HONAV, TDG, LHX: Cyclically Adjusted Revenue per Share Comparison

For the Aerospace & Defense subindustry, Northrop Grumman's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Northrop Grumman's Cyclically Adjusted PS Ratio falls into.


TSX:NOC
68GF Score
Northrop Grumman Corp TSX:NOC
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northrop Grumman Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

For example, Northrop Grumman's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=95.135/330.2130*330.2130
=95.135

Current CPI (Mar. 2026) = 330.2130.

Northrop Grumman Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 42.625 241.018 58.399
201609 44.922 241.428 61.442
201612 49.561 241.432 67.786
201703 48.728 243.801 65.999
201706 49.036 244.955 66.103
201709 46.013 246.819 61.560
201712 47.644 246.524 63.818
201803 49.660 249.554 65.711
201806 53.271 251.989 69.808
201809 60.252 252.439 78.815
201812 63.417 251.233 83.353
201903 64.145 254.202 83.326
201906 65.985 256.143 85.066
201909 66.049 256.759 84.944
201912 67.917 256.974 87.274
202003 71.458 258.115 91.418
202006 71.964 257.797 92.179
202009 71.828 260.280 91.127
202012 78.186 260.474 99.119
202103 70.394 264.877 87.758
202106 69.242 271.696 84.155
202109 68.885 274.310 82.923
202112 69.898 278.802 82.787
202203 71.118 287.504 81.683
202206 72.236 296.311 80.501
202209 77.054 296.808 85.726
202212 88.105 296.797 98.025
202303 83.072 301.836 90.882
202306 83.592 305.109 90.470
202309 87.189 307.789 93.541
202312 94.642 306.746 101.882
202403 91.869 312.332 97.128
202406 94.812 314.175 99.652
202409 92.427 315.301 96.798
202412 104.419 315.605 109.252
202503 93.804 319.799 96.859
202506 98.248 322.561 100.579
202509 100.482 324.800 102.157
202512 113.063 324.054 115.212
202603 95.135 330.213 95.135

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of C$0.00 mean?
Northrop Grumman (TSX:NOC) has a Cyclically Adjusted Revenue per Share of C$0.00 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Northrop Grumman and its competitors.
Is Northrop Grumman's Cyclically Adjusted Revenue per Share too high?
Northrop Grumman's current Cyclically Adjusted Revenue per Share is C$0.00. Overall, Northrop Grumman has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northrop Grumman's Cyclically Adjusted Revenue per Share compare to HONAV and TDG?
Northrop Grumman's Cyclically Adjusted Revenue per Share of C$0.00 can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Aerospace & Defense company?
A good Cyclically Adjusted Revenue per Share depends on the Aerospace & Defense industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Northrop Grumman and its competitors. Northrop Grumman's current Cyclically Adjusted Revenue per Share is C$0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northrop Grumman stock overvalued right now?
Based on GuruFocus' analysis, Northrop Grumman (TSX:NOC) is currently considered Fairly Valued. The stock's GF Value™ is C$19.27, compared to a current price of C$17.80 — trading 7.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is C$0.00. Northrop Grumman's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Northrop Grumman (TSX:NOC), the current Cyclically Adjusted Revenue per Share is C$0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Northrop Grumman (TSX:NOC) Overvalued in 2026?

Based on GuruFocus' analysis, Northrop Grumman stock appears to be undervalued. The current stock price of C$17.80 is trading 7.6% below its estimated GF Value™ of C$19.27. GuruFocus considers Northrop Grumman to be Fairly Valued.

Key valuation signals for TSX:NOC:

  • Cyclically Adjusted Revenue per Share: C$0.00
  • GF Value™: C$19.27 vs. price of C$17.80 (7.6% below fair value)
  • GF Score™: 68/100 with 2 warning signs

No single metric tells the full story. See the TSX:NOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


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 produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber, creates the fuselage for the massive F-35 program, and maintains and upgrades numerous other 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.
68GF Score

Get the complete analysis for TSX:NOC

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$17.80
Price
C$19.27
GF Value