General Dynamics Corp (GD)

Ship & Boat Building & Repairing

Latest Price

$331.83

TTM P/E

Normalized P/E

Div Yield

0.93%

Book Value

96.44

P/B Ratio

3.44

Valuation metrics

EPS: $15.45

Book value / share: $94.76

Formula: √(22.5 × EPS × BVPS)

Graham Number

$181.50

45% downside

Norm. op. income: $4.2B (median of 7yr)

Tax rate: 17%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$105.83

68% downside

Base FCF: $3.5B (median of recent 5yr)

Growth: 13%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$384.21

+16% upside

EPS: $15.45

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$231.75

30% downside

86.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Longview Asset Management, LLC	27.06M	$9.59B	10.02%	--	2026-06-30
BlackRock, Inc.	19.31M	$6.84B	7.15%	+708.6K	2026-06-30
Vanguard Capital Management LLC	16.67M	$5.91B	6.17%	+528.7K	2026-06-30
Newport Trust Company, LLC	13.40M	$4.75B	4.96%	-172.3K	2026-06-30
State Street Corp	11.81M	$4.18B	4.37%	+374.7K	2026-06-30
Bank of America Corp	7.35M	$2.60B	2.72%	-780.1K	2026-06-30
Vanguard Portfolio Management LLC	6.81M	$2.41B	2.52%	+488.0K	2026-06-30
Geode Capital Management, LLC	6.22M	$2.20B	2.30%	-45.9K	2026-06-30
JPMorgan Chase & Co	5.28M	$1.84B	1.96%	-23.6K	2026-06-30
Morgan Stanley	4.44M	$1.57B	1.64%	-735.5K	2026-06-30