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Northrop Grumman (NOC, Aerospace & Defense) Stock Valuation & Fair Value Mixed on our tests

Northrop Grumman (NOC, Aerospace & Defense) trades at a blended P/E of 16.9, about 12% above its historical normal valuation, with a forward growth estimate of 7.0% and a PEG of 2.40. Analysts' one-year estimates have been hit 55% of the time. Priced at its historical normal P/E of 15.1 on the same blended earnings, the 2026-10-02 close of $478.00 corresponds to about $428 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
16.9
Normal P/E
15.1
PEG
2.40
Fwd growth
7.0%
Div yield
2.1%
RSI (14)
36.4
Neutral
Technical context
  • Price $484.48 at the 2026-10-08 close, 4.1% below the 20-day average ($505.06) and 8.9% below the 50-day ($531.87).
  • RSI (14) at 36.4.
  • 52-week range $473.46 to $761.19: the price is 36.4% below the high and 2.3% above the low.

The Street vs SeerForecast

Wall Street's mean price target for NOC is $639.23 across 22 analysts, 31.9% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from significantly overvalued (2026-06-03) to mixed on our tests (2026-10-05).

Blended P/E and rating by weekBlended P/E moved from 20.7 to 16.9 between 2026-06-03 and 2026-10-02, against a normal P/E of 14.8, with 4 rating changes over 37 recorded weeks.2026-06-03: P/E 20.7, Significantly overvalued, recalculated for the week of 2026-06-032026-06-10: P/E 20.1, Trading above its usual valuation, recalculated for the week of 2026-06-102026-06-12: P/E 20.1, Trading above its usual valuation, recalculated for the week of 2026-06-142026-06-16: P/E 20.1, Trading above its usual valuation, recalculated for the week of 2026-06-162026-06-18: P/E 20.1, Trading above its usual valuation, recalculated for the week of 2026-06-212026-07-02: P/E 19.2, Trading above its usual valuation, recalculated for the week of 2026-07-022026-07-06: P/E 20.2, Trading above its usual valuation, recalculated for the week of 2026-07-062026-07-09: P/E 20.2, Trading above its usual valuation, recalculated for the week of 2026-07-092026-07-10: P/E 19.9, Trading above its usual valuation, recalculated for the week of 2026-07-122026-07-13: P/E 19.9, Trading above its usual valuation, recalculated for the week of 2026-07-132026-07-14: P/E 19.9, Trading above its usual valuation, recalculated for the week of 2026-07-142026-07-20: P/E 19.2, Trading above its usual valuation, recalculated for the week of 2026-07-202026-07-22: P/E 19.2, Trading above its usual valuation, recalculated for the week of 2026-07-222026-07-24: P/E 19.5, Trading above its usual valuation, recalculated for the week of 2026-07-252026-07-27: P/E 19.5, Trading above its usual valuation, recalculated for the week of 2026-07-272026-07-31: P/E 19.2, Trading above its usual valuation, recalculated for the week of 2026-07-312026-07-31: P/E 19.5, Trading above its usual valuation, recorded live 2026-08-032026-08-07: P/E 20.3, Trading above its usual valuation, recalculated for the week of 2026-08-072026-08-07: P/E 20.5, Trading above its usual valuation, recorded live 2026-08-102026-08-14: P/E 20.6, Trading above its usual valuation, recalculated for the week of 2026-08-142026-08-14: P/E 20.9, Significantly overvalued, recorded live 2026-08-172026-08-21: P/E 20.1, Trading above its usual valuation, recalculated for the week of 2026-08-212026-08-21: P/E 19.7, Trading above its usual valuation, recorded live 2026-08-242026-08-27: P/E 19.7, Trading above its usual valuation, recalculated for the week of 2026-08-272026-08-28: P/E 19.4, Trading above its usual valuation, recalculated for the week of 2026-08-282026-08-28: P/E 19.4, Trading above its usual valuation, recalculated for the week of 2026-08-302026-08-28: P/E 19.4, Trading above its usual valuation, recorded live 2026-08-312026-09-04: P/E 18.3, Weak on forward returns, recalculated for the week of 2026-09-052026-09-04: P/E 18.3, Trading above its usual valuation, recorded live 2026-09-072026-09-11: P/E 18.4, Trading above its usual valuation, recalculated for the week of 2026-09-122026-09-11: P/E 18.4, Trading above its usual valuation, recorded live 2026-09-142026-09-18: P/E 18.7, Trading above its usual valuation, recalculated for the week of 2026-09-192026-09-18: P/E 18.7, Trading above its usual valuation, recorded live 2026-09-212026-09-25: P/E 18.1, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 18.1, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 16.9, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 16.9, Mixed on our tests, recorded live 2026-10-0516.018.020.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 14.8
Mixed on our testsTrading above its usual valuationWeak on forward returnsSignificantly overvaluedLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 20.7+40%Significantly overvalued (recalculated)
2026-06-10P/E 20.1+37%Trading above its usual valuation (recalculated)
2026-08-17P/E 20.9+42%Significantly overvalued
2026-08-21P/E 20.1+36%Trading above its usual valuation (recalculated)
2026-09-26P/E 18.1+19%Mixed on our tests (recalculated)
2026-10-03P/E 16.9+12%Mixed on our tests (recalculated)
2026-10-05P/E 16.9+12%Mixed on our tests ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 20.7+40%Significantly overvalued (recalculated)
2026-06-10P/E 20.1+37%Trading above its usual valuation (recalculated)
2026-06-14P/E 20.1+37%Trading above its usual valuation (recalculated)
2026-06-16P/E 20.1+37%Trading above its usual valuation (recalculated)
2026-06-21P/E 20.1+37%Trading above its usual valuation (recalculated)
2026-07-02P/E 19.2+30%Trading above its usual valuation (recalculated)
2026-07-06P/E 20.2+37%Trading above its usual valuation (recalculated)
2026-07-09P/E 20.2+37%Trading above its usual valuation (recalculated)
2026-07-12P/E 19.9+35%Trading above its usual valuation (recalculated)
2026-07-13P/E 19.9+35%Trading above its usual valuation (recalculated)
2026-07-14P/E 19.9+35%Trading above its usual valuation (recalculated)
2026-07-20P/E 19.2+30%Trading above its usual valuation (recalculated)
2026-07-22P/E 19.2+30%Trading above its usual valuation (recalculated)
2026-07-25P/E 19.5+32%Trading above its usual valuation (recalculated)
2026-07-27P/E 19.5+32%Trading above its usual valuation (recalculated)
2026-07-31P/E 19.2+30%Trading above its usual valuation (recalculated)
2026-08-03P/E 19.5+32%Trading above its usual valuation
2026-08-07P/E 20.3+38%Trading above its usual valuation (recalculated)
2026-08-10P/E 20.5+39%Trading above its usual valuation
2026-08-14P/E 20.6+39%Trading above its usual valuation (recalculated)
2026-08-17P/E 20.9+42%Significantly overvalued
2026-08-21P/E 20.1+36%Trading above its usual valuation (recalculated)
2026-08-24P/E 19.7+33%Trading above its usual valuation
2026-08-27P/E 19.7+33%Trading above its usual valuation (recalculated)
2026-08-28P/E 19.4+32%Trading above its usual valuation (recalculated)
2026-08-30P/E 19.4+32%Trading above its usual valuation (recalculated)
2026-08-31P/E 19.4+32%Trading above its usual valuation
2026-09-05P/E 18.3+13%Weak on forward returns (recalculated)
2026-09-07P/E 18.3+21%Trading above its usual valuation
2026-09-12P/E 18.4+22%Trading above its usual valuation (recalculated)
2026-09-14P/E 18.4+22%Trading above its usual valuation
2026-09-19P/E 18.7+23%Trading above its usual valuation (recalculated)
2026-09-21P/E 18.7+23%Trading above its usual valuation
2026-09-26P/E 18.1+19%Mixed on our tests (recalculated)
2026-09-28P/E 18.1+19%Mixed on our tests
2026-10-03P/E 16.9+12%Mixed on our tests (recalculated)
2026-10-05P/E 16.9+12%Mixed on our tests ← now

Frequently asked questions

Is Northrop Grumman stock overvalued?

At a blended P/E of 16.9 versus its historical normal P/E of 15.1, Northrop Grumman trades about 12% above its typical valuation, with a PEG of 2.40 on 7.0% forward growth. tickerseer currently rates it mixed on our tests.

What is Northrop Grumman's fair value and PEG?

Northrop Grumman trades at a blended P/E of 16.9 against a historical normal P/E of 15.1, a PEG of 2.40, and a forward growth estimate of 7.0%. Priced at its historical normal P/E of 15.1 on the same blended earnings, the 2026-10-02 close of $478.00 corresponds to about $428 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Northrop Grumman changed?

tickerseer's rating moved from significantly overvalued (2026-06-03) to mixed on our tests (2026-10-05).

What is the analyst price target for Northrop Grumman?

The mean Wall Street price target for Northrop Grumman is $639.23 across 22 analysts, 31.9% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Aerospace & Defense. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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