P/E ratio for General Dynamics (GD)
P/E ratio as of May 2024 (TTM): 24.9
According to General Dynamics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.8741. At the end of 2022 the company had a P/E ratio of 20.2.
P/E ratio history for General Dynamics from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.2 | 12.44% |
| 2021 | 17.9 | 32.98% |
| 2020 | 13.5 | -7.58% |
| 2019 | 14.6 | 5.12% |
| 2018 | 13.9 | -33.64% |
| 2017 | 20.9 | 11.29% |
| 2016 | 18.8 | 26.38% |
| 2015 | 14.9 | -18.23% |
| 2014 | 18.2 | 27.67% |
| 2013 | 14.2 | -120.35% |
| 2012 | -70.0 | -830.15% |
| 2011 | 9.58 | -6.95% |
| 2010 | 10.3 | -6.33% |
| 2009 | 11.0 | 18.75% |
| 2008 | 9.26 | -46.73% |
| 2007 | 17.4 | 7.77% |
| 2006 | 16.1 | 3.23% |
| 2005 | 15.6 | -7.99% |
| 2004 | 17.0 | -4.57% |
| 2003 | 17.8 | 2% |
| 2002 | 17.4 | 2.73% |
| 2001 | 17.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Boeing BA | -39.7 | -259.62% | 🇺🇸 USA |
 Lockheed Martin LMT | 17.0 | -31.64% | 🇺🇸 USA |
 Northrop Grumman NOC | 15.3 | -38.29% | 🇺🇸 USA |
 Textron TXT | 19.0 | -23.69% | 🇺🇸 USA |
 Honeywell HON | 25.1 | 1.06% | 🇺🇸 USA |
 Kratos Defense & Security Solutions KTOS | -108 | -534.99% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.