Northrop Grumman (LTS:0K92) Forward PE Ratio : 19.88 (As of May. 01, 2024)

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What is Northrop Grumman Forward PE Ratio?

Northrop Grumman's Forward PE Ratio for today is 19.88.

Northrop Grumman's PE Ratio without NRI for today is 33.82.

Northrop Grumman's PE Ratio for today is 33.82.

Northrop Grumman Forward PE Ratio Historical Data

The historical data trend for Northrop Grumman'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.

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Northrop Grumman Forward PE Ratio Chart

Northrop Grumman Annual Data

Trend

2019-12

2020-12

2021-12

Forward PE Ratio

15.22

12.59

14.18

Northrop Grumman Quarterly Data
	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03
Forward PE Ratio	16.84	16.72	15.22	13.30	13.48	12.80	12.59	13.55

Competitive Comparison of Northrop Grumman's Forward PE Ratio

For the Aerospace & Defense subindustry, Northrop Grumman'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.

Northrop Grumman's Forward PE Ratio Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Northrop Grumman's Forward PE Ratio falls into.

Northrop Grumman Forward PE Ratio Calculation

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.

Northrop Grumman (LTS:0K92) 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 .

Northrop Grumman Forward PE Ratio Related Terms

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Northrop Grumman (LTS:0K92) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Northrop Grumman Corp (LTS:0K92) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

NOC:USA NOC:Mexico NTH:Germany NTH:Germany NTH:Germany NOCG34:Brazil NOCO:Austria

Address

2980 Fairview Park Drive, Falls Church, VA, USA, 22042

Website

https://www.northropgrumman.com

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. 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. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

Northrop Grumman (LTS:0K92) Headlines

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