Howmet Aerospace Inc. (HWM) P/E Ratio History
ExpensiveTrading at 62.3x vs 5Y avg 42.6x · 100th percentile · Material premium to history · Data 2014–2026
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P/E Ratio Analysis
As of October 3, 2026, Howmet Aerospace Inc. (HWM) trades at a price-to-earnings ratio of 62.3x, with a stock price of $231.27 and trailing twelve-month earnings per share of $4.65.
The current P/E is 46% above its 5-year average of 42.6x. Over the past five years, HWM's P/E has ranged from a low of 29.6x to a high of 57.9x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.3x, HWM trades at a 146% premium to its sector peers. The sector includes 395 companies with P/E ratios ranging from 0.0x to 194.3x.
The PEG ratio of 1.23 (P/E divided by 32% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, HWM commands a significant premium over the S&P 500 median P/E of 24.5x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our HWM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
HWM Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
HWM P/E vs Peers
Engines and power generation equipment peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $61B | 34.0 | 1.09Best | +25% | |
| $20B | 42.4 | 1.94 | +22% | |
| $8B | 331.3 | - | +18% | |
| $26B | 67.5 | - | +12% | |
| $10B | 35.7 | 2.84 | +29% | |
| $20B | 46.1 | 3.30 | +20% | |
| $321B | 37.9 | 3.21 | +36% | |
| $249B | 37.2 | - | +40% | |
| $153B | 78.0 | - | +114%Best | |
| $117B | 23.5Lowest | - | -4% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
HWM Historical P/E Data (2014–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $268.86 | $4.64 | 57.9x | +24% |
| FY2026 Q1 | - | $230.46 | $4.31 | 53.5x | +15% |
| FY2025 Q4 | Dec 31 2025 | $205.02 | $3.71 | 55.3x | +19% |
| FY2025 Q3 | - | $196.23 | $3.56 | 55.1x | +18% |
| FY2025 Q2 | Jun 30 2025 | $186.13 | $3.42 | 54.4x | +17% |
| FY2025 Q1 | Mar 31 2025 | $129.73 | $3.07 | 42.3x | -9% |
| FY2024 Q4 | - | $109.37 | $2.82 | 38.8x | -17% |
| FY2024 Q3 | Sep 30 2024 | $100.25 | $2.62 | 38.3x | -18% |
| FY2024 Q2 | Jun 30 2024 | $77.63 | $2.26 | 34.3x | -26% |
| FY2024 Q1 | Mar 31 2024 | $68.43 | $2.07 | 33.1x | -29% |
| FY2023 Q4 | Dec 31 2023 | $54.12 | $1.83 | 29.6x | -37% |
| FY2023 Q3 | Sep 30 2023 | $46.25 | $1.52 | 30.4x | -35% |
| FY2023 Q2 | Jun 30 2023 | $49.56 | $1.26 | 39.3x | -16% |
| FY2023 Q1 | Mar 31 2023 | $42.37 | $1.15 | 36.8x | -21% |
| FY2022 Q4 | Dec 31 2022 | $39.41 | $1.11 | 35.5x | -24% |
| FY2022 Q3 | Sep 30 2022 | $30.93 | $1.03 | 30.0x | -36% |
| FY2022 Q2 | - | $31.45 | $0.90 | 34.9x | -25% |
| FY2022 Q1 | - | $35.94 | $0.72 | 49.9x | +7% |
| FY2021 Q4 | Dec 31 2021 | $31.83 | $0.59 | 53.9x | +16% |
| FY2021 Q3 | - | $31.20 | $0.65 | 48.0x | +3% |
| FY2021 Q2 | Jun 30 2021 | $34.47 | $0.67 | 51.4x | +10% |
| FY2021 Q1 | Mar 31 2021 | $32.13 | $0.28 | 114.8x | +146% |
| FY2020 Q4 | - | $28.54 | $0.59 | 48.4x | +4% |
| FY2020 Q3 | Sep 30 2020 | $16.72 | $0.43 | 38.7x | -17% |
| FY2020 Q2 | - | $15.85 | $0.56 | 28.2x | -39% |
| FY2020 Q1 | - | $16.06 | $0.51 | 31.4x | -33% |
| FY2019 Q4 | - | $30.77 | $0.41 | 74.7x | +60% |
| FY2019 Q3 | Sep 30 2019 | $26.00 | $0.77 | 33.8x | -28% |
| FY2019 Q2 | Jun 30 2019 | $25.82 | $0.88 | 29.3x | -37% |
| FY2019 Q1 | Mar 31 2019 | $19.11 | $1.39 | 13.7x | -71% |
| FY2018 Q4 | Dec 31 2018 | $16.86 | $1.29 | 13.1x | -72% |
| FY2016 Q3 | Sep 30 2016 | $22.01 | $0.23 | 97.2x | +109% |
| FY2015 Q4 | - | $21.22 | $0.43 | 49.3x | +6% |
| FY2015 Q3 | Sep 30 2015 | $20.70 | $1.59 | 13.0x | -72% |
| FY2015 Q2 | - | $23.82 | $1.65 | 14.4x | -69% |
| FY2015 Q1 | - | $27.54 | $1.14 | 24.2x | -48% |
| FY2014 Q4 | Dec 31 2014 | $33.60 | $0.17 | 197.6x | +324% |
Average P/E for displayed period: 46.6x
HWM Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
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HWM — Frequently Asked Questions
Quick answers to the most common questions about buying HWM stock.
What is HWM's P/E ratio?
Howmet Aerospace Inc. (HWM) trailing twelve-month P/E ratio is 62.3x, based on TTM diluted EPS of $4.65. The 5-year average P/E is 42.6x and the historical range spans 29.6x to 57.9x.
Is HWM stock overvalued or undervalued?
HWM trades at 62.3x P/E, above its 5-year average of 42.6x. The 100th percentile ranking within the 29.6x–57.9x historical range indicates a premium to historical valuation.
Is HWM stock expensive?
Yes, HWM is expensive relative to its own history. The current P/E of 62.3x is above the 5-year average of 42.6x and also above the Industrials sector median of 25.3x. The stock sits at the 100th percentile of its 5-year valuation range.
What is HWM's historical P/E range?
Over the past 5 years, HWM's P/E ratio has ranged from 29.6x to 57.9x, with a median of 39.3x and an average of 42.6x. The current P/E of 62.3x places the stock at the 100th percentile of this range. Full historical data spans 2014–2026.
How does HWM's P/E compare to the S&P 500?
HWM trades at 62.3x P/E versus the S&P 500 median of 24.5x. The 154% premium to the market typically reflects higher expected earnings growth or quality.
How does HWM's valuation compare to Industrials peers?
Howmet Aerospace Inc. P/E of 62.3x compares to the Industrials sector median of 25.3x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is HWM's PEG ratio?
HWM PEG ratio is 1.23, based on a P/E of 62.3x and EPS growth of 32.0%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is HWM's earnings yield?
HWM earnings yield is 1.60%, the inverse of its 62.3x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.