Howmet AerospaceMEX:HWM 69 Forward PE Ratio is 54.87 as of Jul. 12, 2026. GuruFocus rates MEX:HWM with a GF Score™ of 69/100 and a GF Value™ of MXN2,507.65 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 204 Aerospace & Defense companies, Howmet Aerospace ranks worse than 79.41% on this metric.
Howmet Aerospace (MEX:HWM) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Howmet Aerospace Forward PE Ratio Related Terms
Howmet Aerospace Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Howmet Aerospace's Forward PE Ratio 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.
Howmet Aerospace Forward PE Ratio Chart
Howmet Aerospace Annual Data
Trend
2017-12
2018-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
18.25
10.94
25.19
22.52
21.69
23.15
34.63
47.53
Howmet Aerospace Quarterly Data
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
23.09
21.19
16.18
18.25
16.08
13.48
14.25
10.94
11.52
13.30
11.70
6.75
11.89
20.79
25.19
33.44
34.48
21.79
22.52
26.81
25.97
19.34
21.69
24.75
22.94
23.15
29.07
34.01
32.68
34.63
40.63
52.39
44.08
47.53
51.31
MEX:HWM vs LMT, GD, TDG: Forward PE Ratio Comparison
For the Aerospace & Defense subindustry, Howmet Aerospace's Forward PE Ratio, along with its competitors' market caps and Forward PE 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.
Howmet Aerospace Forward PE Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Howmet Aerospace's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Howmet Aerospace's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Howmet Aerospace (MEX:HWM) has a Forward PE Ratio of 54.87 as of Jul. 12, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Howmet Aerospace and its competitors. According to the industry distribution chart, Howmet Aerospace ranks #162 out of 204 companies in the Aerospace & Defense industry, placing it in the top 79.4%.
Is Howmet Aerospace's Forward PE Ratio too high?
Howmet Aerospace's current Forward PE Ratio is 54.87. The Aerospace & Defense industry median Forward PE Ratio is 29.60. Howmet Aerospace's value of 54.87 is 85.4% above this industry median. Based on the distribution chart, Howmet Aerospace ranks #162 out of 204 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Howmet Aerospace has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howmet Aerospace's Forward PE Ratio compare to LMT and GD?
According to the Aerospace & Defense industry distribution chart, Howmet Aerospace ranks #162 out of 204 companies for Forward PE Ratio. This places Howmet Aerospace in the lower half of its industry. The industry median Forward PE Ratio is 29.60. Howmet Aerospace's value of 54.87 is 85.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Aerospace & Defense company?
The median Forward PE Ratio among Aerospace & Defense companies is 29.60, based on 204 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Howmet Aerospace's current Forward PE Ratio of 54.87 is 85.4% above 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Howmet Aerospace and its competitors. For the Aerospace & Defense industry, the median Forward PE Ratio is 29.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howmet Aerospace's current Forward PE Ratio is 54.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howmet Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Howmet Aerospace (MEX:HWM) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,507.65, compared to a current price of MXN4,840.00 — trading 93% above its estimated fair value. The current Forward PE Ratio is 54.87 and 85.4% above the Aerospace & Defense industry median of 29.60. Howmet Aerospace's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Howmet Aerospace (MEX:HWM), the current Forward PE Ratio is 54.87 as of Jul. 12, 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 Howmet Aerospace (MEX:HWM) Overvalued in 2026?
Based on GuruFocus' analysis, Howmet Aerospace stock appears to be overvalued.
The current stock price of MXN4,840.00 is trading 93% above its estimated GF Value™ of MXN2,507.65.
GuruFocus considers Howmet Aerospace to be Significantly Overvalued.
Key valuation signals for MEX:HWM:
Forward PE Ratio: 54.87
GF Value™: MXN2,507.65 vs. price of MXN4,840.00 (93% above fair value)
Industry Position: 85.4% above the Aerospace & Defense median (#162 of 204)
No single metric tells the full story. See the MEX:HWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howmet Aerospace Inc offers engineered solutions for the aerospace and transportation industries. The company's products and solutions include investment castings for jet engines and industrial gas turbines; seamless rolled rings for jet engines; fastening systems for aerospace, industrial and commercial transportation applications; forged jet engine components (e.g., jet engine disks); machined and forged aircraft parts; and forged aluminum commercial vehicle wheels, all of which are sold directly to customers or through distributors. It has four reportable segments: Engine Products, which derives key revenue, Fastening Systems, Engineered Structures, and Forged Wheels. Geographically, the company derives maximum revenue from the USA, followed by France, Japan, Germany, and other markets.
69GF Score
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