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Northrop Grumman forward PE NOC

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026
18.9×
10-year median
18.8×
Against its 10-year history
51st
percentile: 0 is its lowest day, 100 its highest
10-year range
12.3× to 27.0×
Peer median
24.1×

Northrop Grumman's forward PE is 18.9× as of Oct 23, 2026.

That is above its ten-year median of 18.8×, close to the middle of its last ten years.

Over that time it ranged from 12.3× in Jan 2021 to 27.0× in Mar 2026.

The median for 10 aerospace and defense stocks of a similar size is 24.1×.

Forward PE 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 far18.9×16.3×27.0×
202521.4×16.5×23.7×
202418.2×17.2×21.0×
202319.8×18.1×22.8×
202223.9×14.9×24.0×
202116.0×12.3×16.9×
202013.2×12.6×18.0×
201916.3×14.0×18.2×
201813.6×13.3×24.0×
201722.3×20.7×24.0×
201622.2×20.2×24.0×
201521.0×17.6×21.2×
201418.2×13.9×18.2×
201314.3×10.1×14.3×
201210.4×9.4×10.9×
20119.5×8.1×11.1×
20109.8×7.8×10.5×
20098.1×6.4×8.9×
20087.7×6.8×16.2×
200715.9×13.0×17.4×

Against its peers

Companies in Aerospace & Defense nearest Northrop Grumman's size, closest first, today.

CompanyForward PE
NOCNorthrop Grumman18.9×
HWMHowmet Aerospace31.5×
GDGeneral Dynamics20.0×
TDGTransDigm23.6×
HONAHoneywell Aerospace20.1×
LHXL3Harris Technologies20.6×
LMTLockheed Martin19.2×
HEIHEICO42.8×
BABoeing197×
AXONAxon Enterprise47.0×
RTXRTX24.7×
Peer median24.1×

Where Northrop Grumman ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Northrop Grumman

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