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Howmet AerospaceHWM -0.47%87 Intrinsic Value: Projected FCF is $39.92 as of Sep. 08, 2026. GuruFocus rates HWM with a GF Score™ of 87/100 and a GF Value™ of $164.33 (Significantly Overvalued). Among 197 Aerospace & Defense companies, Howmet Aerospace ranks worse than 77.16% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-08), Howmet Aerospace's Intrinsic Value: Projected FCF is $39.92. The stock price of Howmet Aerospace is $259.27. Therefore, Howmet Aerospace's Price-to-Intrinsic-Value-Projected-FCF of today is 6.5.
The historical rank and industry rank for Howmet Aerospace's Intrinsic Value: Projected FCF or its related term are showing as below:
HWM'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 5.43 Med: 6.76 Max: 118.96
Current: 6.49
During the past 12 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Howmet Aerospace was 118.96. The lowest was 5.43. And the median was 6.76.
HWM's Price-to-Projected-FCF is ranked worse than 77.16% of 197
companies
in the Aerospace & Defense industry
Industry Median: 2.73
vs HWM: 6.49
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Howmet Aerospace's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
259.27
/
39.919597594624
=
6.49
* 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 Intrinsic Value: Projected FCF Related Terms
Howmet Aerospace Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Howmet Aerospace's Intrinsic Value: Projected 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.
HWM vs GD, LMT, NOC: Intrinsic Value: Projected FCF Comparison
For the Aerospace & Defense subindustry, Howmet Aerospace's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.
Howmet Aerospace Price-to-Projected-FCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Howmet Aerospace's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Howmet Aerospace's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $39.92 mean?
Howmet Aerospace (HWM) has a Intrinsic Value: Projected FCF of $39.92 as of Sep. 08, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Howmet Aerospace and its competitors. According to the industry distribution chart, Howmet Aerospace ranks #152 out of 197 companies in the Aerospace & Defense industry, placing it in the top 77.2%.
Is Howmet Aerospace's Intrinsic Value: Projected FCF too high?
Howmet Aerospace's current Intrinsic Value: Projected FCF is $39.92. The Aerospace & Defense industry median Intrinsic Value: Projected FCF is 2.73. Howmet Aerospace's value of $39.92 is 1362.3% above this industry median. Based on the distribution chart, Howmet Aerospace ranks #152 out of 197 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Howmet Aerospace has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howmet Aerospace's Intrinsic Value: Projected FCF compare to GD and LMT?
According to the Aerospace & Defense industry distribution chart, Howmet Aerospace ranks #152 out of 197 companies for Intrinsic Value: Projected FCF. This places Howmet Aerospace in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.73. Howmet Aerospace's value of $39.92 is 1362.3% 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 Intrinsic Value: Projected FCF for an Aerospace & Defense company?
The median Intrinsic Value: Projected FCF among Aerospace & Defense companies is 2.73, based on 197 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Howmet Aerospace's current Intrinsic Value: Projected FCF of $39.92 is 1362.3% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Howmet Aerospace and its competitors. For the Aerospace & Defense industry, the median Intrinsic Value: Projected FCF is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howmet Aerospace's current Intrinsic Value: Projected FCF is $39.92. 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 (HWM) is currently considered Significantly Overvalued. The stock's GF Value™ is $164.33, compared to a current price of $259.27 — trading 57.8% above its estimated fair value. The current Intrinsic Value: Projected FCF is $39.92 and 1362.3% above the Aerospace & Defense industry median of 2.73. Howmet Aerospace's overall GF Score™ is 87/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Howmet Aerospace (HWM), the current Intrinsic Value: Projected FCF is $39.92 as of Sep. 08, 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 (HWM) Overvalued in 2026?
Based on GuruFocus' analysis, Howmet Aerospace stock appears to be overvalued.
The current stock price of $259.27 is trading 57.8% above its estimated GF Value™ of $164.33.
GuruFocus considers Howmet Aerospace to be Significantly Overvalued.
Key valuation signals for HWM:
Intrinsic Value: Projected FCF: $39.92
GF Value™: $164.33 vs. price of $259.27 (57.8% above fair value)
Industry Position: 1362.3% above the Aerospace & Defense median (#152 of 197)
No single metric tells the full story. See the 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.
87GF Score
Get the complete analysis for HWM
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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