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Northrop GrummanNOC -1.66%84 Equity-to-Asset is 0.35 as of Jun. 2026, which is 30% above its 10-year median of 0.27. GuruFocus rates NOC with a GF Score™ of 84/100 and a GF Value™ of $562.73 (Fairly Valued). The stock has 2 warning signs investors should review. Among 360 Aerospace & Defense companies, Northrop Grumman ranks worse than 72.5% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Northrop Grumman's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $17,884 Mil. Northrop Grumman's Total Assets for the quarter that ended in Jun. 2026 was $50,763 Mil.
Therefore, Northrop Grumman's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.35.
The historical rank and industry rank for Northrop Grumman's Equity-to-Asset or its related term are showing as below:
NOC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.27 Max: 0.36
Current: 0.35
During the past 13 years, the highest Equity to Asset Ratio of Northrop Grumman was 0.36. The lowest was 0.20. And the median was 0.27.
NOC's Equity-to-Asset is ranked worse than 72.5% of 360
companies
in the Aerospace & Defense industry
Industry Median: 0.52
vs NOC: 0.35
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Northrop Grumman Equity-to-Asset Related Terms
Northrop Grumman Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Northrop Grumman's Equity-to-Asset 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.
For the Aerospace & Defense subindustry, Northrop Grumman's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Northrop Grumman's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Northrop Grumman's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (NOC) has a Equity-to-Asset of 0.35 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Northrop Grumman and its competitors. This is 30% above median its historical median of 0.27. Over the past decade, Northrop Grumman's Equity-to-Asset has ranged from 0.20 to 0.36. According to the industry distribution chart, Northrop Grumman ranks #261 out of 360 companies in the Aerospace & Defense industry, placing it in the top 72.5%.
Is Northrop Grumman's Equity-to-Asset too high?
Northrop Grumman's current Equity-to-Asset of 0.35 is 30% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.36. The Aerospace & Defense industry median Equity-to-Asset is 0.52. Northrop Grumman's value of 0.35 is 32.7% below this industry median. Based on the distribution chart, Northrop Grumman ranks #261 out of 360 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Northrop Grumman has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northrop Grumman's Equity-to-Asset compare to TDG and HONA?
According to the Aerospace & Defense industry distribution chart, Northrop Grumman ranks #261 out of 360 companies for Equity-to-Asset. This places Northrop Grumman in the lower half of its industry. The industry median Equity-to-Asset is 0.52. Northrop Grumman's value of 0.35 is 32.7% below this benchmark. Historically, Northrop Grumman's own Equity-to-Asset has ranged from 0.20 to 0.36 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.52, Northrop Grumman has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Aerospace & Defense company?
The median Equity-to-Asset among Aerospace & Defense companies is 0.52, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northrop Grumman's current Equity-to-Asset of 0.35 is 32.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Northrop Grumman and its competitors. For the Aerospace & Defense industry, the median Equity-to-Asset is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northrop Grumman's current Equity-to-Asset is 0.35, which is 30% above median its own 10-year median of 0.27. 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 (NOC) is currently considered Fairly Valued. The stock's GF Value™ is $562.73, compared to a current price of $554.49 — trading 1.5% below its estimated fair value. The current Equity-to-Asset is 0.35, which is 30% above median its 10-year median of 0.27 and 32.7% below the Aerospace & Defense industry median of 0.52. Northrop Grumman's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Northrop Grumman (NOC), the current Equity-to-Asset is 0.35 as of Jun. 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 (NOC) Overvalued in 2026?
Based on GuruFocus' analysis, Northrop Grumman stock appears to be undervalued.
The current stock price of $554.49 is trading 1.5% below its estimated GF Value™ of $562.73.
GuruFocus considers Northrop Grumman to be Fairly Valued.
Key valuation signals for NOC:
Equity-to-Asset: 0.35 (30% above median its 10-year median of 0.27)
GF Value™: $562.73 vs. price of $554.49 (1.5% below fair value)
Industry Position: 32.7% below the Aerospace & Defense median (#261 of 360)
No single metric tells the full story. See the NOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
84GF Score
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