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Aerojet Rocketdyne Holdings PE Ratio

: 25.11 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2022-01-22), Aerojet Rocketdyne Holdings's share price is $42.93. Aerojet Rocketdyne Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.71. Therefore, Aerojet Rocketdyne Holdings's PE Ratio for today is 25.11.


The historical rank and industry rank for Aerojet Rocketdyne Holdings's PE Ratio or its related term are showing as below:

NYSE:AJRD' s PE Ratio Range Over the Past 10 Years
Min: 7.54   Med: 30.98   Max: 402.89
Current: 25.11

7.54
402.89

During the past 13 years, the highest PE Ratio of Aerojet Rocketdyne Holdings was 402.89. The lowest was 7.54. And the median was 30.98.


NYSE:AJRD's PE Ratio is ranked higher than
51% of the 162 Companies
in the Aerospace & Defense industry.

( Industry Median: 25.64 vs. NYSE:AJRD: 25.11 )

Aerojet Rocketdyne Holdings's Earnings per Share (Diluted) for the three months ended in Sep. 2021 was $0.52. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.71.

As of today (2022-01-22), Aerojet Rocketdyne Holdings's share price is $42.93. Aerojet Rocketdyne Holdings's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2021 was $1.71. Therefore, Aerojet Rocketdyne Holdings's PE Ratio without NRI for today is 25.11.

During the past 13 years, Aerojet Rocketdyne Holdings's highest PE Ratio without NRI was 402.89. The lowest was 7.77. And the median was 30.98.

Aerojet Rocketdyne Holdings's EPS without NRI for the three months ended in Sep. 2021 was $0.52. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2021 was $1.71.

During the past 12 months, Aerojet Rocketdyne Holdings's average EPS without NRI Growth Rate was 12.50% per year.

During the past 13 years, Aerojet Rocketdyne Holdings's highest 3-Year average EPS without NRI Growth Rate was 165.10% per year. The lowest was -49.50% per year. And the median was -2.70% per year.

Aerojet Rocketdyne Holdings's EPS (Basic) for the three months ended in Sep. 2021 was $0.53. Its EPS (Basic) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.78.


Aerojet Rocketdyne Holdings PE Ratio Historical Data

The historical data trend for Aerojet Rocketdyne Holdings's 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.

* Premium members only.

Aerojet Rocketdyne Holdings Annual Data
Trend Nov11 Nov12 Nov13 Nov14 Nov15 Dec16 Dec17 Dec18 Dec19 Dec20
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.48 At Loss 20.13 27.02 31.84

Aerojet Rocketdyne Holdings Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.24 31.84 31.31 30.76 25.47

Competitive Comparison

For the Aerospace & Defense subindustry, Aerojet Rocketdyne Holdings's PE Ratio, along with its competitors' market caps and 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.

   

Aerojet Rocketdyne Holdings PE Ratio Distribution

For the Aerospace & Defense industry and Industrials sector, Aerojet Rocketdyne Holdings's PE Ratio distribution charts can be found below:

* The bar in red indicates where Aerojet Rocketdyne Holdings's PE Ratio falls into.



Aerojet Rocketdyne Holdings PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Aerojet Rocketdyne Holdings's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=42.93/1.710
=25.11

Aerojet Rocketdyne Holdings's Share Price of today is $42.93.
Aerojet Rocketdyne Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.71.

* 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:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Aerojet Rocketdyne Holdings  (NYSE:AJRD) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items 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.


Aerojet Rocketdyne Holdings PE Ratio Related Terms

Thank you for viewing the detailed overview of Aerojet Rocketdyne Holdings's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Aerojet Rocketdyne Holdings Business Description

Aerojet Rocketdyne Holdings logo
Industry
Industrials » Aerospace & Defense NAICS : 336415 SIC : 3764
Traded in Other Exchanges
Address
222 N. Pacific Coast Highway, Suite 500, El Segundo, CA, USA, 90245
Aerojet Rocketdyne Holdings Inc manufactures aerospace and defense products and systems. It produces driving and launch systems for defense and space applications, weapons, and weapons systems for tactical missions. The systems can provide directional control for rockets, satellites, missiles, and other technical products. It operates in two segments: aerospace and defense, and real estate. The company manufactures its aerospace and defense products for the U.S. government, the National Aeronautics and Space Administration, aerospace and defense prime contractors, and portions of the commercial sector. The real estate segment focuses on rezoning, entitlement, sale, and leasing of real estate assets. The company's excess real estate is primarily located in California.
Executives
Drake Eileen P. director, officer: CEO and President C/O GENCORP INC. P.O. BOX 537012 SACRAMENTO CA 95853-7012
Mcniff Audrey A. director C/O AEROJET ROCKETDYNE HOLDINGS, INC. 222 N. PACIFIC COAST HIGHWAY, SUITE 500 EL SEGUNDO CA 90245
Chilton Kevin P. director 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Lord Lance W director 1110 TRUMPETERS COURT MONUMENT CO 80132
Henderson James R director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HENDERSON JAMES R a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Corcoran Thomas A director 3790 VIA DE LA VALLE SUITE 311 DEL MAR CA 92014
Turchin Martin director CB RICHARD ELLIS 200 PARK AVENUE NEW YOK NY 10166
Boehle Daniel L. officer: CFO, VP and Controller C/O AEROJET ROCKETDYNE HOLDINGS, INC. 222 N. SEPULVEDA BOULEVARD, SUITE 500 EL SEGUNDO CA 90245
Gowder Amy L officer: Chief Operating Officer AEROJET ROCKETDYNE HOLDINGS, INC. 222 N. PACIFIC COAST HIGHWAY, SUITE 500 EL SEGUNDO CA 90245
Tucker Mark A officer: Chief Operating Officer C/O AEROJET ROCKETDYNE HOLDINGS, INC. P.O. BOX 537012 SACRAMENTO CA 95853-7012
Lichtenstein Warren G director, officer: Executive Chairman C/O STEEL PARTNERS II L P 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022
Kampani Arjun officer: VP, Gen Counsel and Secretary C/O AEROJET ROCKETDYNE HOLDINGS, INC. 2001 AEROJET ROAD RANCHO CORDOVA CA 95742
Schumacher John D. officer: SVP, Washington Operations C/O GENCORP INC. P.O. BOX 537012 SACRAMENTO CA 95853-7012
Lundstrom Paul officer: VP, Chief Financial Officer 222 N. SEPULVEDA BLVD., SUITE 500 EL SEGUNDO CA 90245
Jones Gregory A. officer: SVP, Strategy & Business Dev. C/O AEROJET ROCKETDYNE HOLDINGS, INC. 222 N. SEPULVEDA BOULEVARD, SUITE 500 EL SEGUNDO CA 90245

Aerojet Rocketdyne Holdings Headlines

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