Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 19.04.
Forward PE Ratio (19.04) = Close Price ($551.03) / Consensus Forward EPS ($28.94)
FORWARD PE RATIO
19.04
SECTOR MEDIAN · INDUSTRIALS
24.18
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
-21.27%
vs the sector median at left
Northrop Grumman Corporation
Market Cap
$78.28B
Forward PE Ratio
19.04
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Northrop Grumman Corporation (NOC) | $78.28B | 19.04 |
| Canadian National Railway Company (CNI)vs › | $78.54B | 15.48 |
| Norfolk Southern Corporation (NSC)vs › | $78.77B | 27.07 |
| FedEx Corporation (FDX)vs › | $76.91B | 16.37 |
| Cummins Inc. (CMI)vs › | $81.09B | 19.89 |
| Illinois Tool Works Inc. (ITW)vs › | $81.21B | 24.70 |
| Cintas Corporation (CTAS)vs › | $81.55B | 41.63 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $85.00B | 18.12 |
| United Parcel Service, Inc. (UPS)vs › | $86.66B | 14.18 |
| PACCAR Inc (PCAR)vs › | $68.97B | 22.11 |
Trailing P/E
17.5
reported TTM EPS
Forward P/E
19.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $28.94 implies -8.1% EPS decline vs the reported trailing $31.48.
At today's $551.03 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $28.94 | $28.08 – $29.31 | 15 | 19.0x |
| 2027-12-31 | $30.45 | $29.56 – $31.85 | 16 | 18.1x |
| 2028-12-31 | $32.91 | $29.84 – $35.44 | 15 | 16.7x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute