NORTHROP GRUMMAN CORP /DE/ (NOC)

Search, Detection, Navigation, Guidance, Aeronautical Sys

Latest Price

$527.39

TTM P/E

16.78

Normalized P/E

18.84

Div Yield

1.78%

Book Value

125.86

P/B Ratio

4.19

Valuation metrics

EPS: $29.08

Book value / share: $117.42

Formula: √(22.5 × EPS × BVPS)

Graham Number

$277.18

47% downside

Norm. op. income: $4.1B (median of 7yr)

Tax rate: 16%

Discount rate: 10%

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

Earnings Power Value

$160.63

70% downside

Base FCF: $2.2B (median of recent 5yr)

Growth: 10%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$294.05

44% downside

EPS: $29.08

Target P/E: 19×

Formula: EPS × P/E

P/E Fair Value

$552.52

+5% upside

84.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
STATE STREET CORP	13.17M	$6.71B	9.27%	+168.3K	2026-06-30
BlackRock, Inc.	11.78M	$6.00B	8.29%	+901.3K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	9.00M	$4.58B	6.33%	+47.9K	2026-06-30
Capital International Investors	5.85M	$2.98B	4.12%	-1.24M	2026-06-30
Capital World Investors	5.06M	$2.58B	3.56%	-1.83M	2026-06-30
WELLINGTON MANAGEMENT GROUP LLP	4.93M	$2.51B	3.47%	-37.9K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	3.60M	$1.83B	2.53%	+89.9K	2026-06-30
MORGAN STANLEY	3.56M	$1.81B	2.51%	-46.5K	2026-06-30
FRANKLIN RESOURCES INC	3.37M	$1.72B	2.38%	+95.7K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	3.26M	$1.66B	2.30%	+48.1K	2026-06-30