Howmet AerospaceBUE:HWM -2.02%71 PB Ratio is 3.63 as of Jun. 26, 2026, which is 8% below its 10-year median of 3.93. GuruFocus rates BUE:HWM with a GF Score™ of 71/100 and a GF Value™ of ARS213,833.30 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 339 Aerospace & Defense companies, Howmet Aerospace ranks worse than 95.58% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Howmet Aerospace's share price is ARS419225.00. Howmet Aerospace's Book Value per Share for the quarter that ended in Mar. 2026 was ARS115,609.70. Hence, Howmet Aerospace's PB Ratio of today is 3.63.
Warning Sign:
Howmet Aerospace Inc stock PB Ratio (=19.82) is close to 10-year high of 20.15.
The historical rank and industry rank for Howmet Aerospace's PB Ratio or its related term are showing as below:
BUE:HWM'
s PB Ratio Range Over the Past 10 Years
Min: 0.97 Med: 3.93 Max: 20.15
Current: 19.82
During the past 12 years, Howmet Aerospace's highest PB Ratio was 20.15. The lowest was 0.97. And the median was 3.93.
BUE:HWM's PB Ratio is ranked worse than 95.58% of 339
companies
in the Aerospace & Defense industry
Industry Median: 3.59
vs BUE:HWM: 19.82
During the past 12 months, Howmet Aerospace's average Book Value Per Share Growth Rate was 17.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Howmet Aerospace was 15.70% per year. The lowest was -25.20% per year. And the median was -4.75% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Howmet Aerospace PB Ratio Related Terms
Howmet Aerospace PB Ratio Historical Data
* Premium members only.
The historical data trend for Howmet Aerospace's PB 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.
For the Aerospace & Defense subindustry, Howmet Aerospace's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Howmet Aerospace's PB Ratio distribution charts can be found below:
* The bar in red indicates where Howmet Aerospace's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Howmet Aerospace (BUE:HWM) has a PB Ratio of 3.63 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Howmet Aerospace and its competitors. This is near median its historical median of 3.93. Over the past decade, Howmet Aerospace's PB Ratio has ranged from 0.97 to 20.15. According to the industry distribution chart, Howmet Aerospace ranks #324 out of 339 companies in the Aerospace & Defense industry, placing it in the top 95.6%.
Is Howmet Aerospace's PB Ratio too high?
Howmet Aerospace's current PB Ratio of 3.63 is near median its 10-year median of 3.93. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 20.15. The Aerospace & Defense industry median PB Ratio is 3.59. Howmet Aerospace's value of 3.63 is 1.1% above this industry median. Based on the distribution chart, Howmet Aerospace ranks #324 out of 339 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Howmet Aerospace has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howmet Aerospace's PB Ratio compare to GD and LMT?
According to the Aerospace & Defense industry distribution chart, Howmet Aerospace ranks #324 out of 339 companies for PB Ratio. This places Howmet Aerospace in the lower half of its industry. The industry median PB Ratio is 3.59. Howmet Aerospace's value of 3.63 is 1.1% above this benchmark. Historically, Howmet Aerospace's own PB Ratio has ranged from 0.97 to 20.15 over the past decade. While the company's 10-year median is 3.93 vs. the industry median of 3.59, Howmet Aerospace has consistently been above 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 PB Ratio for an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.59, based on 339 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Howmet Aerospace's current PB Ratio of 3.63 is 1.1% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Howmet Aerospace and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howmet Aerospace's current PB Ratio is 3.63, which is near median its own 10-year median of 3.93. 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 (BUE:HWM) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS213,833.30, compared to a current price of ARS419,225.00 — trading 96.1% above its estimated fair value. The current PB Ratio is 3.63, which is near median its 10-year median of 3.93 and 1.1% above the Aerospace & Defense industry median of 3.59. Howmet Aerospace's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Howmet Aerospace (BUE:HWM), the current PB Ratio is 3.63 as of Jun. 26, 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 (BUE:HWM) Overvalued in 2026?
Based on GuruFocus' analysis, Howmet Aerospace stock appears to be overvalued.
The current stock price of ARS419,225.00 is trading 96.1% above its estimated GF Value™ of ARS213,833.30.
GuruFocus considers Howmet Aerospace to be Significantly Overvalued.
Key valuation signals for BUE:HWM:
PB Ratio: 3.63 (near median its 10-year median of 3.93)
GF Value™: ARS213,833.30 vs. price of ARS419,225.00 (96.1% above fair value)
Industry Position: 1.1% above the Aerospace & Defense median (#324 of 339)
No single metric tells the full story. See the BUE: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.
71GF Score
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