Latest Ratios: P/E Ratio 45.0x · EV/EBITDA 39.2x · ROE 45.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $383.4B | $328.7B | $182.5B | $111.9B | $57.2B | $64.6B | $58.9B | $60.6B | $39.4B | $90.2B | $172.6B |
| Enterprise Value | $391.5B | $336.8B | $189.2B | $118.4B | $67.5B | $86.8B | $100.5B | $119.3B | $111.8B | $180.8B | $260.7B |
| P/E Ratio → | 44.97 | 37.75 | 27.84 | 12.18 | 1212.79 | — | 11.51 | — | — | — | 18.35 |
| P/S Ratio | 8.36 | 7.17 | 4.71 | 3.16 | 1.96 | 1.14 | 0.78 | 0.67 | 0.41 | 0.91 | 1.44 |
| P/B Ratio | 20.72 | 17.39 | 9.33 | 3.91 | 1.64 | 1.55 | 1.57 | 2.00 | 0.76 | 1.17 | 2.14 |
| P/FCF | 52.79 | 45.25 | 49.61 | 31.21 | 12.05 | 27.26 | 303.53 | 22.63 | — | 36.00 | — |
| P/OCF | 44.91 | 38.50 | 38.74 | 21.60 | 9.66 | 18.54 | 16.37 | 6.91 | 7.91 | 13.76 | 148.78 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.34 | 4.89 | 3.35 | 2.32 | 1.54 | 1.32 | 1.32 | 1.15 | 1.82 | 2.18 |
| EV / EBITDA | 39.19 | 33.71 | 23.82 | 20.09 | 14.12 | 25.40 | 25.94 | 13.72 | 8.38 | 52.34 | 12.27 |
| EV / EBIT | 44.64 | 31.06 | 21.99 | 10.32 | 23.59 | — | 10.59 | 41.51 | — | — | 21.62 |
| EV / FCF | — | 46.36 | 51.45 | 33.04 | 14.23 | 36.66 | 517.79 | 44.55 | — | 72.16 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.8% | 36.8% | 37.2% | 35.1% | 34.8% | 23.2% | 23.7% | 28.1% | 28.5% | 23.9% | 26.6% |
| Operating Margin | 19.1% | 19.1% | 17.5% | 13.3% | 12.3% | 1.9% | 0.5% | 5.7% | 7.0% | -2.8% | 11.9% |
| Net Profit Margin | 19.0% | 19.0% | 16.9% | 26.8% | 1.2% | -11.2% | 7.5% | -5.5% | -23.0% | -8.5% | 6.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 45.3% | 45.3% | 27.2% | 29.9% | 0.9% | -16.0% | 16.8% | -12.1% | -34.7% | -10.8% | 8.2% |
| ROA | 6.8% | 6.8% | 4.3% | 5.2% | 0.2% | -2.8% | 2.2% | -1.7% | -6.4% | -2.2% | 1.7% |
| ROIC | 24.7% | 24.7% | 16.5% | 8.8% | 4.9% | 1.1% | 0.4% | 3.6% | 3.5% | -1.2% | 5.3% |
| ROCE | 9.6% | 9.6% | 5.7% | 3.3% | 2.5% | 0.6% | 0.2% | 2.3% | 2.4% | -0.9% | 3.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.08 | 1.08 | 1.04 | 0.76 | 0.75 | 0.91 | 2.08 | 3.12 | 2.00 | 1.75 | 1.69 |
| Debt / EBITDA | 2.05 | 2.05 | 2.56 | 3.69 | 5.47 | 11.13 | 20.16 | 10.87 | 7.76 | 38.96 | 6.41 |
| Net Debt / Equity | — | 0.43 | 0.35 | 0.23 | 0.30 | 0.53 | 1.11 | 1.94 | 1.40 | 1.18 | 1.09 |
| Net Debt / EBITDA | 0.81 | 0.81 | 0.85 | 1.11 | 2.16 | 6.51 | 10.73 | 6.75 | 5.43 | 26.23 | 4.15 |
| Debt / FCF | — | 1.12 | 1.84 | 1.83 | 2.18 | 9.40 | 214.26 | 21.92 | — | 36.16 | — |
| Interest Coverage | 12.86 | 12.86 | 8.73 | 11.15 | 2.14 | -2.18 | 2.70 | 0.98 | -3.40 | -1.44 | 2.40 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | 1.09 | 1.33 | 1.18 | 1.28 | 1.55 | 1.31 | 1.23 | 1.31 | 1.38 |
| Quick Ratio | 0.74 | 0.74 | 0.81 | 1.07 | 0.88 | 0.97 | 1.26 | 1.09 | 1.00 | 1.07 | 1.11 |
| Cash Ratio | 0.32 | 0.32 | 0.42 | 0.65 | 0.47 | 0.54 | 0.80 | 0.58 | 0.51 | 0.55 | 0.59 |
| Asset Turnover | — | 0.35 | 0.31 | 0.20 | 0.15 | 0.28 | 0.30 | 0.34 | 0.30 | 0.26 | 0.31 |
| Inventory Turnover | 2.44 | 2.44 | 2.49 | 2.77 | 1.28 | 2.74 | 3.64 | 3.77 | 5.03 | 3.89 | 3.92 |
| Days Sales Outstanding | — | 121.66 | 116.09 | 119.55 | 216.68 | 132.51 | 108.08 | 111.94 | 110.94 | 150.17 | 129.12 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.4% | 0.6% | 0.5% | 1.1% | 0.9% | 1.1% | 1.1% | 11.4% | 9.6% | 5.1% |
| Payout Ratio | 16.7% | 16.7% | 15.4% | 6.2% | 190.2% | — | 11.4% | — | — | — | 117.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 2.6% | 3.6% | 8.2% | 0.1% | — | 8.7% | — | — | — | 5.4% |
| FCF Yield | 1.9% | 2.2% | 2.0% | 3.2% | 8.3% | 3.7% | 0.3% | 4.4% | — | 2.8% | — |
| Buyback Yield | 2.0% | 2.3% | 3.2% | 1.1% | 1.8% | 0.2% | 0.0% | 0.0% | 0.0% | 2.8% | 12.4% |
| Total Shareholder Yield | 2.3% | 2.7% | 3.7% | 1.6% | 3.0% | 1.1% | 1.1% | 1.1% | 11.4% | 12.4% | 17.5% |
| Shares Outstanding | — | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B |
Supply chain delivery constraints
According to current market data, GE Aerospace trades at a forward P/E of 48.87, which appears to command a significant premium over diversified industrial peers, suggesting that investors are pricing in the company's unique pure-play aerospace positioning and the long-term durability of its aftermarket service revenue.
The elevated P/E and EV/EBITDA multiples imply high market expectations for sustained margin expansion and consistent free cash flow growth. Investors should monitor whether this valuation premium is justified by the actual conversion of the massive engine backlog into realized earnings, or if it reflects an over-optimistic assessment of the company's post-spinoff growth trajectory.
Based on reported figures, GE Aerospace's ROIC has fluctuated between 2.4% and 7.4% over the last ten quarters, indicating that the company is still in the early stages of optimizing its capital base following the complex divestiture of its non-aerospace business units and legacy conglomerate structure.
The current ROIC levels appear modest compared to high-performing aerospace peers, suggesting that the company's massive asset base has yet to reach peak efficiency. Future improvements in return on capital will likely depend on the company's ability to increase asset turnover and successfully manage the high fixed-cost requirements of its engine manufacturing programs.
As reported in recent financial statements, the company's cash conversion cycle has remained elevated, reaching 128 days in 2026Q1, which highlights the significant working capital intensity required to support the long-term manufacturing and maintenance cycles inherent in the global commercial engine and defense propulsion business.
The extended days sales outstanding and inventory turnover metrics suggest that GE Aerospace faces structural challenges in accelerating cash collection from its airline and defense customers. This inefficiency warrants further investigation, as it may continue to create a disconnect between reported accounting profits and the actual cash generation needed to fund ongoing R&D and capital returns.
According to quarterly filings, the company's current ratio has tightened to 1.01 as of 2026Q1, indicating that GE Aerospace maintains a lean liquidity buffer that may leave little room for error if supply chain disruptions or unexpected operational delays impact the timing of engine deliveries.
While the current liquidity position appears adequate for normal operations, the reliance on contract assets and deferred revenue suggests that the company's true cash flexibility is more constrained than the headline current ratio implies. Investors should monitor the company's ability to maintain these liquidity levels while simultaneously managing significant share repurchase programs and capital-intensive R&D commitments.
The P/E ratio is frequently misapplied to GE Aerospace because it fails to account for the significant non-cash accounting adjustments related to long-term service agreements and the J-curve effect of new engine deliveries, which can artificially depress earnings in the short term while masking long-term cash potential.
Analysts should prioritize free cash flow yield or EV/EBITDA over P/E to better capture the underlying economic reality of the company's aftermarket-heavy business model. Relying solely on P/E may lead to an inaccurate assessment of the company's true earning power, as it ignores the substantial deferred revenue and contract assets that represent future, high-margin cash inflows.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying GE stock.
GE Aerospace's current P/E ratio is 45.0x. The historical average is 15.2x. This places it at the 100th percentile of its historical range.
GE Aerospace's current EV/EBITDA is 39.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.4x.
GE Aerospace's return on equity (ROE) is 45.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 12.4%.
Based on historical data, GE Aerospace is trading at a P/E of 45.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
GE Aerospace's current dividend yield is 0.37% with a payout ratio of 16.7%.
GE Aerospace has 36.8% gross margin and 19.1% operating margin. Operating margin between 10-20% is typical for established companies.
GE Aerospace's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.