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General Dynamics price to book ratio GD

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
3.5×
10-year median
3.7×
Against its 10-year history
35th
percentile: 0 is its lowest day, 100 its highest
10-year range
2.4× to 6.0×
Peer median
8.8×

General Dynamics' price to book ratio is 3.5× as of Oct 23, 2026.

That is below its ten-year median of 3.7×, lower than on 65% of days in the last ten years.

Over that time it ranged from 2.4× in Mar 2020 to 6.0× in Mar 2018.

The median for 10 aerospace and defense stocks of a similar size is 8.8×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far3.5×3.3×4.1×
20253.8×3.0×3.9×
20243.2×3.1×3.8×
20233.6×3.0×3.9×
20223.9×3.2×4.0×
20213.7×2.9×3.8×
20202.9×2.4×4.0×
20193.8×3.7×4.4×
20183.6×3.5×6.0×
20175.3×4.8×5.8×
20164.6×3.7×4.8×
20154.0×3.4×4.4×
20143.6×2.5×3.7×
20132.7×1.6×2.7×
20121.7×1.5×2.0×
20111.7×1.5×2.2×
20102.0×1.7×2.4×
20092.2×2.0×2.4×

Against its peers

Companies in Aerospace & Defense nearest General Dynamics' size, closest first, today.

CompanyPrice to book ratio
GDGeneral Dynamics3.5×
NOCNorthrop Grumman4.4×
HWMHowmet Aerospace12.9×
LMTLockheed Martin13.9×
TDGTransDigmn/m
BABoeing24.4×
HONAHoneywell Aerospacen/m
LHXL3Harris Technologies2.4×
HEIHEICO8.4×
RTXRTX3.7×
AXONAxon Enterprise9.3×
Peer median8.8×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on General Dynamics

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.