Northrop Grumman Corp
NYSE:NOC

Watchlist Manager
Northrop Grumman Corp Logo
Northrop Grumman Corp
NYSE:NOC
Watchlist
Price: 491.36 USD 0.4% Market Closed
Market Cap: 70.7B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one NOC stock under the Base Case scenario is 733.22 USD. Compared to the current market price of 491.36 USD, Northrop Grumman Corp is Undervalued by 33%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NOC Relative Value
Base Case
733.22 USD
Undervaluation 33%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.8
P/S
P/S
Price to Sales
1.8
vs History
41
vs Industry
68
Median 3Y
1.8
Median 5Y
1.7
Industry
4.1
Forward
1.7
More Details
19.1
P/E
P/E
Price to Earnings
19.1
vs History
31
vs Industry
50
Median 3Y
16
Median 5Y
14.5
Industry
34.7
Forward
19.3
More Details
20.1
P/OCF
P/OCF
Price to OCF
20.1
vs History
25
vs Industry
39
Median 3Y
18.7
Median 5Y
17.4
Industry
21.5
More Details
40.5
P/FCFE
P/FCFE
Price to FCFE
40.5
vs History
19
vs Industry
37
Median 3Y
22.1
Median 5Y
15.9
Industry
28
More Details
4.7
P/B
P/B
Price to Book Value
4.7
vs History
47
vs Industry
27
Median 3Y
4.7
Median 5Y
4.7
Industry
3.8
More Details
2.1
EV/S
EV/S
Enterprise Value to Sales
2.1
vs History
33
vs Industry
64
Median 3Y
2.1
Median 5Y
2
Industry
3.9
Forward
2
More Details
10.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
10.7
vs History
34
vs Industry
54
Median 3Y
10.9
Median 5Y
10.3
Industry
14.2
More Details
15.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.8
vs History
42
vs Industry
47
Median 3Y
16.4
Median 5Y
15.5
Industry
20.4
Forward
14.2
More Details
21.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
21.5
vs History
39
vs Industry
44
Median 3Y
22.3
Median 5Y
21.1
Industry
27.7
Forward
18.8
More Details
23.6
EV/OCF
EV/OCF
Enterprise Value to OCF
23.6
vs History
25
vs Industry
38
Median 3Y
21.9
Median 5Y
20
Industry
21.8
More Details
46.9
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
46.9
vs History
22
vs Industry
24
Median 3Y
38.8
Median 5Y
34.2
Industry
27.9
More Details
1.9
EV/IC
EV/IC
Enterprise Value to IC
1.9
vs History
50
vs Industry
52
Median 3Y
2
Median 5Y
1.9
Industry
2.7
More Details

Multiples Across Competitors

NOC Competitors Multiples
Northrop Grumman Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Northrop Grumman Corp
NYSE:NOC
70.8B USD 1.8 19.1 15.8 21.5
US
Raytheon Technologies Corp
NYSE:RTX
188.3B USD 2.3 40.9 21 35.7
US
RTX Corp
LSE:0R2N
186.1B USD 2.3 40.5 20.8 35.4
US
Boeing Co
NYSE:BA
163.9B USD 2.4 -14.1 -22.3 -18.2
NL
Airbus SE
PAR:AIR
130.3B EUR 1.9 29.4 16.2 26.3
FR
Safran SA
PAR:SAF
110.7B EUR 4 -166 20 27.1
US
Lockheed Martin Corp
NYSE:LMT
112B USD 1.6 20.4 14.4 17.5
UK
Rolls-Royce Holdings PLC
LSE:RR
75.5B GBP 4 30 22.9 31.7
DE
Rheinmetall AG
XETRA:RHM
79.1B EUR 7.6 105.1 42.4 54.8
US
TransDigm Group Inc
NYSE:TDG
82.1B USD 9.8 47.7 24.3 26.4
UK
BAE Systems PLC
LSE:BA
58.3B GBP 2.2 29.8 18.4 26.6
P/E Multiple
Earnings Growth PEG
US
Northrop Grumman Corp
NYSE:NOC
Average P/E: 40.3
19.1
3%
6.4
US
Raytheon Technologies Corp
NYSE:RTX
40.9
28%
1.5
US
RTX Corp
LSE:0R2N
40.5
28%
1.4
US
Boeing Co
NYSE:BA
Negative Multiple: -14.1 N/A N/A
NL
Airbus SE
PAR:AIR
29.4
22%
1.3
FR
Safran SA
PAR:SAF
Negative Multiple: -166 N/A N/A
US
Lockheed Martin Corp
NYSE:LMT
20.4
12%
1.7
UK
Rolls-Royce Holdings PLC
LSE:RR
30
3%
10
DE
Rheinmetall AG
XETRA:RHM
105.1
58%
1.8
US
TransDigm Group Inc
NYSE:TDG
47.7
24%
2
UK
BAE Systems PLC
LSE:BA
29.8
13%
2.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Northrop Grumman Corp
NYSE:NOC
Average EV/EBITDA: 21.6
15.8
6%
2.6
US
Raytheon Technologies Corp
NYSE:RTX
21
17%
1.2
US
RTX Corp
LSE:0R2N
20.8
17%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -22.3 N/A N/A
NL
Airbus SE
PAR:AIR
16.2
19%
0.9
FR
Safran SA
PAR:SAF
20
13%
1.5
US
Lockheed Martin Corp
NYSE:LMT
14.4
10%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
22.9
12%
1.9
DE
Rheinmetall AG
XETRA:RHM
42.4
39%
1.1
US
TransDigm Group Inc
NYSE:TDG
24.3
12%
2
UK
BAE Systems PLC
LSE:BA
18.4
11%
1.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Northrop Grumman Corp
NYSE:NOC
Average EV/EBIT: 30.3
21.5
6%
3.6
US
Raytheon Technologies Corp
NYSE:RTX
35.7
29%
1.2
US
RTX Corp
LSE:0R2N
35.4
29%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -18.2 N/A N/A
NL
Airbus SE
PAR:AIR
26.3
26%
1
FR
Safran SA
PAR:SAF
27.1
17%
1.6
US
Lockheed Martin Corp
NYSE:LMT
17.5
12%
1.5
UK
Rolls-Royce Holdings PLC
LSE:RR
31.7
17%
1.9
DE
Rheinmetall AG
XETRA:RHM
54.8
44%
1.2
US
TransDigm Group Inc
NYSE:TDG
26.4
12%
2.2
UK
BAE Systems PLC
LSE:BA
26.6
17%
1.6

See Also

Summary
NOC intrinsic value, competitors valuation, and company profile.
DCF Valuation
NOC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NOC stock valuation using valuation multiples.
Wall Street Estimates
NOC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NOC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 260,600+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.