Upside case
Bull case
$534+49.4%
GE would need investors to value it at roughly 71x earnings — about 23x more generous than today's 47x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
GE Aerospace (GE) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
34
analysts
23 bullish · 0 bearish · 34 covering GE
Strong Buy
0
Buy
23
Hold
11
Sell
0
Strong Sell
0
Consensus Target
$380
+6.3% vs today
Scenario Range
$256 – $534
Model bear to bull value window
Coverage
34
Published analyst ratings
Valuation Context
47.4x
Forward P/E · Market cap $373.7B
GE price targets
Three scenarios for where GE stock could go
Current
~$358
Confidence
53 / 100
Updated
Jun 18, 2026
Where we are now
Current · $358
Bear
$256
Base
$406
Bull
$534
Market caseClosest to today
Base case
$406+13.4%
At 54x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$256-28.5%
If investor confidence fades or macro conditions deteriorate, a 14x multiple contraction could push GE down roughly 29% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
GE Aerospace
GE · NYSEIndustrialsAerospace & DefenseDecember year-end
GE Aerospace is a leading manufacturer of aircraft engines and integrated propulsion systems for commercial, military, and business aviation. It generates revenue primarily through engine sales and long-term service agreements — with its commercial engines segment contributing roughly 70% of revenue and defense around 30%. The company's moat lies in its massive installed base of engines requiring ongoing maintenance and its deep technical expertise in complex propulsion systems that create high switching costs for airlines.
Market Cap
$373.7B
Revenue TTM
$48.4B
Net Income TTM
$8.7B
Net Margin
17.9%
GE Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
92%Exceptional
vs consensus estimates
Avg EPS Surprise
+20.4%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$1.66/$1.43
Revenue
$11.0B/$9.5B
Q4 2025
EPS
$1.66/$1.46
Revenue
$12.2B/$10.4B
Q1 2026
EPS
$1.57/$1.43
Revenue
$11.9B/$11.2B
Q2 2026
EPS
$1.86/$1.60
Revenue
$11.6B/$10.7B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.66/$1.43 | +16.1% | $11.0B/$9.5B | +15.4% |
| Q4 2025 | $1.66/$1.46 | +13.7% | $12.2B/$10.4B | +17.7% |
| Q1 2026 | $1.57/$1.43 | +9.8% | $11.9B/$11.2B | +5.5% |
| Q2 2026 | $1.86/$1.60 | +16.3% | $11.6B/$10.7B | +8.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$50.8B
+5.0% YoY
FY2
$53.7B
+5.9% YoY
EPS Outlook
FY1
$8.40
+1.7% YoY
FY2
$9.25
+10.2% YoY
Trailing FCF (TTM)$7.5B
FCF Margin: 15.4%
Next Earnings
July 16, 2026
Expected EPS
$1.87
Expected Revenue
$11.8B
GE beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
GE Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $45.9B
Product Mix
Latest annual revenue by segment or product family
Operating Segments
95.7%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Non-US
37.6%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Operating Segments is the largest disclosed segment at 95.7% of FY 2025 revenue, with no year-over-year comparison yet.
Non-US is the largest reported region at 37.6%, with no year-over-year comparison yet.
GE Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Fair versus peers
Fair value est. $375 — implies +4.8% from today's price.
Upside to Fair Value
4.8%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
GE
43.8x
vs
S&P 500
24.4x
+79% premium
vs Industrials Trailing P/E
GE
43.8x
vs
Industrials
25.6x
+71% premium
vs GE 5Y Avg P/E
Today
43.8x
vs
5Y Average
25.9x
+69% premium
Forward PE
47.4x
S&P 500
18.8x
+152%
Industrials
21.2x
+124%
5Y Avg
—
—
Trailing PE
43.8x
S&P 500
24.4x
+79%
Industrials
25.6x
+71%
5Y Avg
25.9x
+69%
PEG Ratio
3.71x
S&P 500
1.66x
+124%
Industrials
1.65x
+125%
5Y Avg
—
—
EV/EBITDA
38.2x
S&P 500
15.2x
+151%
Industrials
13.9x
+175%
5Y Avg
23.4x
+63%
Price/FCF
51.4x
S&P 500
20.7x
+149%
Industrials
20.0x
+157%
5Y Avg
33.1x
+56%
Price/Sales
8.1x
S&P 500
3.1x
+164%
Industrials
1.6x
+422%
5Y Avg
3.6x
+124%
Dividend Yield
0.38%
S&P 500
1.91%
-80%
Industrials
1.21%
-69%
5Y Avg
0.71%
-46%
| Metric | GE | S&P 500 | Industrials | 5Y Avg GE |
|---|---|---|---|---|
| Forward PE | 47.4x | 18.8x+152% | 21.2x+124% | — |
| Trailing PE | 43.8x | 24.4x+79% | 25.6x+71% | 25.9x+69% |
| PEG Ratio | 3.71x | 1.66x+124% | 1.65x+125% | — |
| EV/EBITDA | 38.2x | 15.2x+151% | 13.9x+175% | 23.4x+63% |
| Price/FCF | 51.4x | 20.7x+149% | 20.0x+157% | 33.1x+56% |
| Price/Sales | 8.1x | 3.1x+164% | 1.6x+422% | 3.6x+124% |
| Dividend Yield | 0.38% | 1.91% | 1.21% | 0.71% |
GE trades above S&P 500 benchmarks on 6 of 6 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolGE Financial Health
Verdict
Exceptional
GE generates $7.5B in free cash flow at a 15.4% margin — 24.7% ROIC signals a durable competitive advantage · returns 2.4% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$48.4B
Revenue Growth
TTM vs prior year
+21.9%
Gross Margin
Gross profit as a share of revenue
34.8%
Operating Margin
Operating income divided by revenue
18.5%
Net Margin
Net income divided by revenue
17.9%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$8.26
Free Cash Flow (TTM)
Cash generation after capex
$7.5B
FCF Margin
FCF as share of revenue — the primary cash quality signal
15.4%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
24.7%
ROA
Return on assets, trailing twelve months
6.8%
Cash & Equivalents
Liquid assets on the balance sheet
$12.4B
Net Debt
Total debt minus cash
$8.1B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.1× FCF
~1.1 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
45.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
2.4%
Dividend
0.4%
Buyback
2.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$7.6B
Dividend / Share
Annualized trailing dividend per share
$1.36
Payout Ratio
Share of earnings distributed as dividends
16.7%
Shares Outstanding
Declining as buybacks retire shares
1.0B
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageGE Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 17, 2026
High Risk
Valuation de-rating
Analysts present a bear case target of $230, significantly below current levels, indicating potential downside risk.
Medium
Earnings uncertainty
Strong Q1 2026 earnings were tempered by cautious full-year guidance, raising concerns about future performance.
Medium
Post-spinoff execution
The restructuring and spinoff of GE Aerospace and GE Vernova introduces execution risks during the transition period.
Lower
Market sentiment
Recent stock price decline (-2.32% over 15 days) reflects weakening investor confidence despite long-term potential.
High Risk
Backlog pressure
The $190B backlog, while substantial, may face challenges in execution and delivery, particularly with LEAP engine production.
Medium
Competitive threats
Ongoing competition in aerospace and defense sectors could pressure margins and market share.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why GE Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 17, 2026
MRO-driven revenue model
GE Aerospace's maintenance, repair, and overhaul (MRO) business provides a steady and recurring revenue stream, supported by a large installed engine base.
Predictive maintenance technology
The company's advanced predictive maintenance capabilities enhance operational efficiency and reduce downtime for customers, strengthening its competitive position.
Durable competitive moats
GE Aerospace benefits from strong competitive advantages, including proprietary technology and long-term contracts, which create barriers to entry for competitors.
Power-by-the-Hour contracts
Recurring revenue from Power-by-the-Hour contracts ensures stable cash flows and deepens customer relationships through performance-based pricing.
Large installed engine base
The extensive installed base of GE engines drives ongoing demand for MRO services and parts, providing a reliable revenue source.
Spinoff potential
The planned spinoff of GE Aerospace and GE Vernova could unlock shareholder value by allowing each business to focus on its core strengths.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
GE Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$357.64
52W Range Position
95%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$232.24
+54.0% from the low
52-Week High
$364.70
-1.9% from the high
1 Month
+25.05%
3 Month
+18.83%
YTD
+11.5%
1 Year
+51.6%
3Y CAGR
+62.8%
5Y CAGR
+41.2%
10Y CAGR
+9.3%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
GE vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
47.4x
vs 41.9x median
+13% above peer median
Revenue Growth
+5.0%
vs +8.6% median
-42% below peer median
Net Margin
17.9%
vs 14.2% median
+26% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
GE GE GE Aerospace | $373.7B | 47.4x | +5.0% | 17.9% | Buy | +6.3% |
RTX RTX RTX Corporation | $249.9B | 26.7x | +6.0% | 8.0% | Buy | +20.9% |
HWM HWM Howmet Aerospace Inc. | $111.1B | 54.9x | +8.6% | 20.2% | Buy | +7.1% |
TDG TDG TransDigm Group Incorporated | $75.0B | 33.2x | +11.7% | 21.6% | Buy | +18.1% |
CW CW Curtiss-Wright Corporation | $28.5B | 50.7x | +9.5% | 14.2% | Buy | -4.0% |
BA BA The Boeing Company | $175.6B | — | +7.8% | 2.5% | Buy | +26.4% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
GE Dividend and Capital Return
GE returns capital mainly through $7.6B/year in buybacks (2.0% buyback yield), with a modest 0.38% dividend — combining for 2.4% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
2.4%
Dividend + buyback return per year
Buyback Yield
2.0%
Dividend Yield
0.38%
Payout Ratio
16.7%
How GE Splits Its Return
Div 0.38%
Buyback 2.0%
Dividend 0.38%Buybacks 2.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.36
Growth Streak
Consecutive years of dividend increases
3Y
3Y Div CAGR
93.4%
5Y Div CAGR
48.5%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$7.6B
Estimated Shares Retired
21M
Approx. Share Reduction
2.0%
Shares Outstanding
Current diluted share count from the screening snapshot
1.0B
At 2.0%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.47 | — | — | — |
| 2025 | $1.44 | +28.6% | 2.3% | 2.7% |
| 2024 | $1.12 | +338.9% | 3.2% | 3.7% |
| 2023 | $0.26 | +28.1% | 1.1% | 1.6% |
| 2022 | $0.20 | 0.0% | 1.8% | 3.0% |
FAQ
7 questionsGE Investor Questions
Common questions answered from live analyst data and company financials.
01Is GE Aerospace (GE) stock a buy or sell in 2026?
GE Aerospace (GE) is rated Buy by Wall Street analysts as of 2026. Of 34 analysts covering the stock, 23 rate it Buy or Strong Buy, 11 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $380, implying +6.3% from the current price of $358. The bear case scenario is $256 and the bull case is $534.
02What is the GE stock price target for 2026?
The Wall Street consensus price target for GE is $380 based on 34 analyst estimates. The high-end target is $425 (+18.8% from today), and the low-end target is $355 (-0.7%). The base case model target is $406.
03Is GE Aerospace (GE) stock overvalued in 2026?
GE trades at 47.4x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals fair versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for GE Aerospace (GE) stock in 2026?
The primary risks for GE in 2026 are: (1) Valuation de-rating — Analysts present a bear case target of $230, significantly below current levels, indicating potential downside risk. (2) Backlog pressure — The $190B backlog, while substantial, may face challenges in execution and delivery, particularly with LEAP engine production. (3) Earnings uncertainty — Strong Q1 2026 earnings were tempered by cautious full-year guidance, raising concerns about future performance. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is GE Aerospace's revenue and earnings forecast?
Analyst consensus estimates GE will report consensus revenue of $50.8B (+5.0% year-over-year) and EPS of $8.40 (+1.7% year-over-year) for the upcoming fiscal year. The following year, analysts project $53.7B in revenue.
06When does GE Aerospace (GE) report its next earnings?
GE Aerospace is expected to report its next earnings on approximately 2026-07-16. Consensus expects EPS of $1.87 and revenue of $11.8B. Over recent quarters, GE has beaten EPS estimates 100% of the time.
07How much free cash flow does GE Aerospace generate?
GE Aerospace (GE) generated $7.5B in free cash flow over the trailing twelve months — a free cash flow margin of 15.4%. GE returns capital to shareholders through dividends (0.4% yield) and share repurchases ($7.6B TTM).