Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 20.02.
Forward PE Ratio (20.02) = Close Price ($577.32) / Consensus Forward EPS ($28.84)
FORWARD PE RATIO
20.02
SECTOR MEDIAN · INDUSTRIALS
25.04
median of 121 covered companies
CURRENT VS SECTOR MEDIAN
-20.05%
vs the sector median at left
Northrop Grumman Corporation
Market Cap
$82.02B
Forward PE Ratio
20.02
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Northrop Grumman Corporation (NOC) | $82.02B | 20.02 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.48B | 17.67 |
| Cintas Corporation (CTAS)vs › | $81.44B | 41.57 |
| Illinois Tool Works Inc. (ITW)vs › | $84.16B | 25.63 |
| FedEx Corporation (FDX)vs › | $77.31B | 16.45 |
| Canadian National Railway Company (CNI)vs › | $76.41B | 15.37 |
| Cummins Inc. (CMI)vs › | $88.02B | 21.62 |
| United Parcel Service, Inc. (UPS)vs › | $88.29B | 14.54 |
| Norfolk Southern Corporation (NSC)vs › | $75.34B | 26.05 |
| Honeywell International Inc. (HON)vs › | $74.59B | 28.29 |
Trailing P/E
18.3
reported TTM EPS
Forward P/E
20.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $28.84 implies -8.4% EPS decline vs the reported trailing $31.48.
At today's $577.32 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 | $28.84 | $27.98 – $29.21 | 14 | 20.0x |
| 2027-12-31 | $30.39 | $29.50 – $31.79 | 16 | 19.0x |
| 2028-12-31 | $32.89 | $29.67 – $35.45 | 15 | 17.6x |
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
