Price to Book Value (P/BV)
since 2005
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Northrop Grumman Corp. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
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Calculation
Northrop Grumman Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Shareholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 26, 2023 | = | ÷ | = | ÷ | |||||||
| Jan 27, 2022 | = | ÷ | = | ÷ | |||||||
| Jan 28, 2021 | = | ÷ | = | ÷ | |||||||
| Jan 30, 2020 | = | ÷ | = | ÷ | |||||||
| Jan 31, 2019 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2018 | = | ÷ | = | ÷ | |||||||
| Jan 30, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 1, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 2, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 3, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 5, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 8, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 9, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 9, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 10, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 17, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Northrop Grumman Corp. Annual Report.
- Share Price Trend
- The share price exhibited fluctuations over the period under review, beginning at $65.71 in early 2006, reaching a low point at $44.54 in 2009, followed by a generally upward trajectory. Notably, there were significant increases from 2013 onwards, with the price peaking at $443.47 by early 2023. Despite some variability, the overall trend indicates substantial growth in market valuation.
- Book Value per Share (BVPS) Trend
- The book value per share showed moderate stability with some volatility in the earlier years, declining to its lowest point of $30.12 in early 2017. Subsequent years saw a consistent increase, reaching a high of $100.04 by early 2023. This upward movement suggests an improvement in the company's net asset value on a per-share basis over time.
- Price-to-Book Value (P/BV) Ratio Analysis
- The P/BV ratio started at 1.37 in 2006 and demonstrated an overall increasing trend, with considerable spikes observed post-2010. The ratio peaked at 8.36 in early 2018, indicating that the market price significantly exceeded the book value at that time. While the ratio decreased somewhat afterward, it stabilized at levels above 4.0 through 2023. The rising P/BV ratio reflects heightened market optimism or growth expectations relative to the company's book value.
- Comparative Insights
- While both the share price and BVPS increased over the examined period, the share price rose more rapidly, especially after 2013. This divergence is evidenced by the increasing P/BV ratio, suggesting that market sentiment outpaced growth in the underlying book value. The data imply increased investor confidence or perceived future profitability, which may warrant further analysis of earnings and operational performance to confirm.
Comparison to Competitors
Northrop Grumman Corp., P/BV, long-term trends, comparison to competitors
| Northrop Grumman Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Jan 26, 2023 | ||||||||
| Jan 27, 2022 | ||||||||
| Jan 28, 2021 | ||||||||
| Jan 30, 2020 | ||||||||
| Jan 31, 2019 | ||||||||
| Jan 29, 2018 | ||||||||
| Jan 30, 2017 | ||||||||
| Feb 1, 2016 | ||||||||
| Feb 2, 2015 | ||||||||
| Feb 3, 2014 | ||||||||
| Feb 5, 2013 | ||||||||
| Feb 8, 2012 | ||||||||
| Feb 9, 2011 | ||||||||
| Feb 9, 2010 | ||||||||
| Feb 10, 2009 | ||||||||
| Feb 20, 2008 | ||||||||
| Feb 21, 2007 | ||||||||
| Feb 17, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Northrop Grumman Corp., P/BV, long-term trends, comparison to sector (capital goods)
| Northrop Grumman Corp. | Capital Goods | |
|---|---|---|
| Jan 26, 2023 | ||
| Jan 27, 2022 | ||
| Jan 28, 2021 | ||
| Jan 30, 2020 | ||
| Jan 31, 2019 | ||
| Jan 29, 2018 | ||
| Jan 30, 2017 | ||
| Feb 1, 2016 | ||
| Feb 2, 2015 | ||
| Feb 3, 2014 | ||
| Feb 5, 2013 | ||
| Feb 8, 2012 | ||
| Feb 9, 2011 | ||
| Feb 9, 2010 | ||
| Feb 10, 2009 | ||
| Feb 20, 2008 | ||
| Feb 21, 2007 | ||
| Feb 17, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Northrop Grumman Corp., P/BV, long-term trends, comparison to industry (industrials)
| Northrop Grumman Corp. | Industrials | |
|---|---|---|
| Jan 26, 2023 | ||
| Jan 27, 2022 | ||
| Jan 28, 2021 | ||
| Jan 30, 2020 | ||
| Jan 31, 2019 | ||
| Jan 29, 2018 | ||
| Jan 30, 2017 | ||
| Feb 1, 2016 | ||
| Feb 2, 2015 | ||
| Feb 3, 2014 | ||
| Feb 5, 2013 | ||
| Feb 8, 2012 | ||
| Feb 9, 2011 | ||
| Feb 9, 2010 | ||
| Feb 10, 2009 | ||
| Feb 20, 2008 | ||
| Feb 21, 2007 | ||
| Feb 17, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).