Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 22.63 as of Friday, July 31, 2026.
Forward PE Ratio (22.63) = Close Price ($383.42) / Consensus Forward EPS ($16.89)
FORWARD PE RATIO
22.63
SECTOR MEDIAN · INDUSTRIALS
25.14
median of 117 covered companies
CURRENT VS SECTOR MEDIAN
-9.98%
vs the sector median at left
General Dynamics Corporation
Market Cap
$103.74B
Forward PE Ratio
22.63
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| General Dynamics Corporation (GD) | $103.74B | 22.63 |
| Trane Technologies plc (TT)vs › | $100.57B | 30.19 |
| Quanta Services, Inc. (PWR)vs › | $100.14B | 44.38 |
| Howmet Aerospace Inc. (HWM)vs › | $112.93B | 54.75 |
| CSX Corporation (CSX)vs › | $93.36B | 25.20 |
| Vertiv Holdings Co (VRT)vs › | $93.00B | 36.31 |
| 3M Company (MMM)vs › | $90.91B | 19.82 |
| Waste Management, Inc. (WM)vs › | $90.56B | 27.90 |
| United Parcel Service, Inc. (UPS)vs › | $88.54B | 14.51 |
| Cummins Inc. (CMI)vs › | $87.51B | 21.66 |
Trailing P/E
23.3
reported TTM EPS
Forward P/E
22.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $16.89 implies +2.9% EPS growth vs the reported trailing $16.41.
At today's $383.42 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 | $16.89 | $16.57 – $17.25 | 12 | 22.7x |
| 2027-12-31 | $18.48 | $17.49 – $19.22 | 15 | 20.8x |
| 2028-12-31 | $19.93 | $19.11 – $21.04 | 15 | 19.2x |
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
