Howmet Aerospace (HWM) valuation
Howmet Aerospace P/E ratio history
Howmet Aerospace trades at 39.0 times its earnings over the last twelve months and 31.6 times the earnings analysts expect over the next twelve. At its last 8 fiscal year ends its P/E ranged from 13.1 (year to Dec 2018) to 55.3 (year to Dec 2025), with a median of 37.2.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $205.02 | $3.71 | 55.3 | 48.1 |
| Dec 31, 2024 | $109.37 | $2.81 | 38.9 | 36.0 |
| Dec 31, 2023 | $54.12 | $1.83 | 29.6 | 26.5 |
| Dec 31, 2022 | $39.41 | $1.11 | 35.5 | — |
| Dec 31, 2021 | $31.83 | $0.59 | 54.0 | 24.4 |
| Dec 31, 2020 | $28.54 | $0.59 | 48.0 | — |
| Dec 31, 2019 | $23.60 | $0.79 | 29.9 | — |
| Dec 31, 2018 | $12.93 | $0.99 | 13.1 | — |
| Dec 31, 2017 | $20.90 | -$0.16 | n/m | — |
| Dec 31, 2016 | $14.22 | -$1.90 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Howmet Aerospace valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Howmet AerospaceHWM | $79.4B | 39.0 | 31.6 | 8.2 |
| Northrop GrummanNOC | $79.2B | 17.6 | 18.6 | 1.8 |
| TransDigm GroupTDG | $64.1B | 34.8 | 24.5 | 6.4 |
| General DynamicsGD | $101B | 22.7 | 20.9 | 1.8 |
| L3HarrisLHX | $51.7B | 25.9 | 20.8 | 2.2 |
| BoeingBA | $136B | 17.8 | 116.7 | 1.4 |
| Lockheed MartinLMT | $147B | 22.6 | 19.5 | 1.9 |
| Axon EnterpriseAXON | $34.5B | 178.2 | 47.2 | 10.7 |
| Rocket Lab USARKLB | $31.7B | — | — | 41.2 |
| Peer median | 22.7 | 20.9 | 2.0 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: HWM financials · HWM returns
No forecast, no recommendation. This page describes Howmet Aerospace from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.