General DynamicsFRA:GDX +0.72%85 PB Ratio is 3.69 as of Jun. 25, 2026, which is 1% above its 10-year median of 3.67. GuruFocus rates FRA:GDX with a GF Score™ of 85/100 and a GF Value™ of €300.26 (Fairly Valued). The stock has 8 warning signs investors should review. Among 339 Aerospace & Defense companies, General Dynamics ranks better than 51.92% 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 (2026-06-25), General Dynamics's share price is €307.60. General Dynamics's Book Value per Share for the quarter that ended in Mar. 2026 was €83.42. Hence, General Dynamics's PB Ratio of today is 3.69.
Warning Sign:
General Dynamics Corp stock PB Ratio (=3.57) is close to 3-year high of 3.88.
The historical rank and industry rank for General Dynamics's PB Ratio or its related term are showing as below:
FRA:GDX'
s PB Ratio Range Over the Past 10 Years
Min: 2.36 Med: 3.67 Max: 5.97
Current: 3.57
During the past 13 years, General Dynamics's highest PB Ratio was 5.97. The lowest was 2.36. And the median was 3.67.
FRA:GDX's PB Ratio is ranked better than 51.92% of 339
companies
in the Aerospace & Defense industry
Industry Median: 3.66
vs FRA:GDX: 3.57
During the past 12 months, General Dynamics's average Book Value Per Share Growth Rate was 16.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of General Dynamics was 20.20% per year. The lowest was -6.50% per year. And the median was 8.70% 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.
General Dynamics PB Ratio Related Terms
General Dynamics PB Ratio Historical Data
* Premium members only.
The historical data trend for General Dynamics'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, General Dynamics'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.
General Dynamics PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, General Dynamics's PB Ratio distribution charts can be found below:
* The bar in red indicates where General Dynamics'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.
General Dynamics (FRA:GDX) has a PB Ratio of 3.69 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on General Dynamics and its competitors. This is near median its historical median of 3.67. Over the past decade, General Dynamics' PB Ratio has ranged from 2.36 to 5.97. According to the industry distribution chart, General Dynamics ranks #163 out of 339 companies in the Aerospace & Defense industry, placing it in the top 48.1%.
Is General Dynamics' PB Ratio too high?
General Dynamics' current PB Ratio of 3.69 is near median its 10-year median of 3.67. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 5.97. The Aerospace & Defense industry median PB Ratio is 3.66. General Dynamics' value of 3.69 is 0.8% above this industry median. Based on the distribution chart, General Dynamics ranks #163 out of 339 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, General Dynamics has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does General Dynamics' PB Ratio compare to HWM and RKLB?
According to the Aerospace & Defense industry distribution chart, General Dynamics ranks #163 out of 339 companies for PB Ratio. This puts General Dynamics in the upper half of its industry. The industry median PB Ratio is 3.66. General Dynamics' value of 3.69 is 0.8% above this benchmark. Historically, General Dynamics' own PB Ratio has ranged from 2.36 to 5.97 over the past decade. While the company's 10-year median is 3.67 vs. the industry median of 3.66, General Dynamics 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 3.66, 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. General Dynamics's current PB Ratio of 3.69 is 0.8% 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 General Dynamics and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Dynamics's current PB Ratio is 3.69, which is near median its own 10-year median of 3.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Dynamics stock overvalued right now?
Based on GuruFocus' analysis, General Dynamics (FRA:GDX) is currently considered Fairly Valued. The stock's GF Value™ is €300.26, compared to a current price of €307.60 — trading 2.4% above its estimated fair value. The current PB Ratio is 3.69, which is near median its 10-year median of 3.67 and 0.8% above the Aerospace & Defense industry median of 3.66. General Dynamics' overall GF Score™ is 85/100 with 8 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 General Dynamics (FRA:GDX), the current PB Ratio is 3.69 as of Jun. 25, 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 General Dynamics (FRA:GDX) Overvalued in 2026?
Based on GuruFocus' analysis, General Dynamics stock appears to be overvalued.
The current stock price of €307.60 is trading 2.4% above its estimated GF Value™ of €300.26.
GuruFocus considers General Dynamics to be Fairly Valued.
Key valuation signals for FRA:GDX:
PB Ratio: 3.69 (near median its 10-year median of 3.67)
GF Value™: €300.26 vs. price of €307.60 (2.4% above fair value)
Industry Position: 0.8% above the Aerospace & Defense median (#163 of 339)
No single metric tells the full story. See the FRA:GDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments are aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and Navy support ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business focusing on electronics that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
85GF Score
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