Stock Analysis on Net

General Dynamics Corp. (NYSE:GD)

This company has been moved to the archive! The financial data has not been updated since October 28, 2020.

Common Stock Valuation Ratios (Price Multiples) 
Quarterly Data

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Historical Valuation Ratios (Summary)

General Dynamics Corp., historical price multiples (quarterly data)

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Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
Price to earnings (P/E) 11.93 13.14 11.38 15.48 14.89 16.37 15.86 14.95 16.70 20.19 21.62 21.37 20.14 19.48 19.59 18.75 15.75 15.06 14.80 13.88
Price to operating profit (P/OP) 9.06 9.91 8.57 11.61 11.05 12.14 11.70 11.22 12.03 14.41 15.35 14.90 14.53 13.63 13.70 12.86 10.89 10.68 10.44 9.85
Price to sales (P/S) 0.99 1.11 1.01 1.37 1.29 1.42 1.38 1.38 1.50 1.85 2.05 2.01 2.00 1.88 1.89 1.77 1.49 1.44 1.40 1.31
Price to book value (P/BV) 2.58 3.09 2.97 3.97 3.72 4.21 4.27 4.26 4.02 5.03 5.41 5.44 5.35 5.32 5.55 5.05 4.07 4.07 4.15 3.83 4.44 4.29 3.95

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. General Dynamics Corp. P/E ratio increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. General Dynamics Corp. P/OP ratio increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. General Dynamics Corp. P/S ratio increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. General Dynamics Corp. P/BV ratio increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.

Price to Earnings (P/E)

General Dynamics Corp., historical P/E calculation (quarterly data)

Microsoft Excel
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
No. shares of common stock outstanding1 286,972,150 286,932,436 286,864,540 289,627,333 289,306,108 288,844,120 288,871,990 288,235,928 296,149,755 296,281,432 297,033,427 296,933,621 298,582,883 299,461,802 301,685,448 302,742,234 304,519,550 305,278,868 305,646,967 311,161,810 316,128,160 322,727,167 328,732,777
Selected Financial Data (US$)
Net earnings (in millions) 834 625 706 1,020 913 806 745 909 851 786 799 636 764 749 763 797 683 758 717 764 733 752 716
Earnings per share (EPS)2 11.10 11.38 12.01 12.03 11.66 11.46 11.39 11.61 10.37 10.07 9.92 9.81 10.29 9.99 9.95 9.76 9.60 9.74 9.70 9.53 0.00 0.00 0.00
Share price1, 3 132.43 149.44 136.65 186.25 173.56 187.64 180.73 173.48 173.24 203.45 214.53 209.53 207.25 194.66 194.85 183.04 151.14 146.63 143.61 132.26 150.78 149.96 138.53
Valuation Ratio
P/E ratio4 11.93 13.14 11.38 15.48 14.89 16.37 15.86 14.95 16.70 20.19 21.62 21.37 20.14 19.48 19.59 18.75 15.75 15.06 14.80 13.88
Benchmarks
P/E Ratio, Competitors5
Boeing Co.
Caterpillar Inc. 25.43 17.65 11.00 12.36
Eaton Corp. plc 31.97 25.14 15.70 18.06
GE Aerospace 19.55
Honeywell International Inc. 23.23 17.93 15.27 20.97
Lockheed Martin Corp. 15.79 16.26 17.09 19.87
RTX Corp. 12.02 24.41

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

1 Data adjusted for splits and stock dividends.

2 Q3 2020 Calculation
EPS = (Net earningsQ3 2020 + Net earningsQ2 2020 + Net earningsQ1 2020 + Net earningsQ4 2019) ÷ No. shares of common stock outstanding
= (834,000,000 + 625,000,000 + 706,000,000 + 1,020,000,000) ÷ 286,972,150 = 11.10

3 Closing price as at the filing date of General Dynamics Corp. Quarterly or Annual Report.

4 Q3 2020 Calculation
P/E ratio = Share price ÷ EPS
= 132.43 ÷ 11.10 = 11.93

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. General Dynamics Corp. P/E ratio increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.

Price to Operating Profit (P/OP)

General Dynamics Corp., historical P/OP calculation (quarterly data)

Microsoft Excel
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
No. shares of common stock outstanding1 286,972,150 286,932,436 286,864,540 289,627,333 289,306,108 288,844,120 288,871,990 288,235,928 296,149,755 296,281,432 297,033,427 296,933,621 298,582,883 299,461,802 301,685,448 302,742,234 304,519,550 305,278,868 305,646,967 311,161,810 316,128,160 322,727,167 328,732,777
Selected Financial Data (US$)
Operating earnings (in millions) 1,084 841 941 1,328 1,216 1,090 1,014 1,226 1,135 1,088 1,008 1,034 1,052 1,056 1,035 1,117 1,069 1,070 1,053 1,036 1,034 1,081 1,027
Operating profit per share2 14.61 15.08 15.95 16.05 15.71 15.46 15.45 15.46 14.40 14.11 13.97 14.07 14.27 14.28 14.22 14.23 13.88 13.73 13.75 13.43 0.00 0.00 0.00
Share price1, 3 132.43 149.44 136.65 186.25 173.56 187.64 180.73 173.48 173.24 203.45 214.53 209.53 207.25 194.66 194.85 183.04 151.14 146.63 143.61 132.26 150.78 149.96 138.53
Valuation Ratio
P/OP ratio4 9.06 9.91 8.57 11.61 11.05 12.14 11.70 11.22 12.03 14.41 15.35 14.90 14.53 13.63 13.70 12.86 10.89 10.68 10.44 9.85
Benchmarks
P/OP Ratio, Competitors5
Boeing Co.
Caterpillar Inc. 16.79 12.06 7.79 9.08
Eaton Corp. plc 21.15 17.02 11.54 13.95
GE Aerospace 11.62 7.77 5.53 9.22
Honeywell International Inc. 20.25 17.03 13.96 18.81
Lockheed Martin Corp. 12.14 12.39 12.72 14.49
RTX Corp. 48.47 6.01 15.07

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

1 Data adjusted for splits and stock dividends.

2 Q3 2020 Calculation
Operating profit per share = (Operating earningsQ3 2020 + Operating earningsQ2 2020 + Operating earningsQ1 2020 + Operating earningsQ4 2019) ÷ No. shares of common stock outstanding
= (1,084,000,000 + 841,000,000 + 941,000,000 + 1,328,000,000) ÷ 286,972,150 = 14.61

3 Closing price as at the filing date of General Dynamics Corp. Quarterly or Annual Report.

4 Q3 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 132.43 ÷ 14.61 = 9.06

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. General Dynamics Corp. P/OP ratio increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.

Price to Sales (P/S)

General Dynamics Corp., historical P/S calculation (quarterly data)

Microsoft Excel
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
No. shares of common stock outstanding1 286,972,150 286,932,436 286,864,540 289,627,333 289,306,108 288,844,120 288,871,990 288,235,928 296,149,755 296,281,432 297,033,427 296,933,621 298,582,883 299,461,802 301,685,448 302,742,234 304,519,550 305,278,868 305,646,967 311,161,810 316,128,160 322,727,167 328,732,777
Selected Financial Data (US$)
Revenue (in millions) 9,431 9,264 8,749 10,773 9,761 9,555 9,261 10,378 9,094 9,186 7,535 8,277 7,580 7,675 7,441 8,233 7,731 7,665 7,724 7,809 7,994 7,882 7,784
Sales per share2 133.17 134.34 135.39 135.86 134.65 132.56 131.27 125.57 115.12 109.96 104.59 104.31 103.59 103.79 102.99 103.56 101.57 102.18 102.76 101.13 0.00 0.00 0.00
Share price1, 3 132.43 149.44 136.65 186.25 173.56 187.64 180.73 173.48 173.24 203.45 214.53 209.53 207.25 194.66 194.85 183.04 151.14 146.63 143.61 132.26 150.78 149.96 138.53
Valuation Ratio
P/S ratio4 0.99 1.11 1.01 1.37 1.29 1.42 1.38 1.38 1.50 1.85 2.05 2.01 2.00 1.88 1.89 1.77 1.49 1.44 1.40 1.31
Benchmarks
P/S Ratio, Competitors5
Boeing Co. 1.38 1.41 1.11 2.34
Caterpillar Inc. 2.06 1.68 1.22 1.48
Eaton Corp. plc 2.41 2.02 1.60 1.87
GE Aerospace 0.84 0.71 0.67 1.18
Honeywell International Inc. 3.48 3.04 2.65 3.51
Lockheed Martin Corp. 1.61 1.67 1.75 2.07
RTX Corp. 1.44 1.41 0.71 1.75

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

1 Data adjusted for splits and stock dividends.

2 Q3 2020 Calculation
Sales per share = (RevenueQ3 2020 + RevenueQ2 2020 + RevenueQ1 2020 + RevenueQ4 2019) ÷ No. shares of common stock outstanding
= (9,431,000,000 + 9,264,000,000 + 8,749,000,000 + 10,773,000,000) ÷ 286,972,150 = 133.17

3 Closing price as at the filing date of General Dynamics Corp. Quarterly or Annual Report.

4 Q3 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 132.43 ÷ 133.17 = 0.99

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. General Dynamics Corp. P/S ratio increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.

Price to Book Value (P/BV)

General Dynamics Corp., historical P/BV calculation (quarterly data)

Microsoft Excel
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
No. shares of common stock outstanding1 286,972,150 286,932,436 286,864,540 289,627,333 289,306,108 288,844,120 288,871,990 288,235,928 296,149,755 296,281,432 297,033,427 296,933,621 298,582,883 299,461,802 301,685,448 302,742,234 304,519,550 305,278,868 305,646,967 311,161,810 316,128,160 322,727,167 328,732,777
Selected Financial Data (US$)
Shareholders’ equity (in millions) 14,716 13,890 13,200 13,577 13,513 12,877 12,234 11,732 12,755 11,994 11,774 11,435 11,564 10,952 10,583 10,976 11,317 10,995 10,582 10,738 10,734 11,276 11,520
Book value per share (BVPS)2 51.28 48.41 46.01 46.88 46.71 44.58 42.35 40.70 43.07 40.48 39.64 38.51 38.73 36.57 35.08 36.26 37.16 36.02 34.62 34.51 33.95 34.94 35.04
Share price1, 3 132.43 149.44 136.65 186.25 173.56 187.64 180.73 173.48 173.24 203.45 214.53 209.53 207.25 194.66 194.85 183.04 151.14 146.63 143.61 132.26 150.78 149.96 138.53
Valuation Ratio
P/BV ratio4 2.58 3.09 2.97 3.97 3.72 4.21 4.27 4.26 4.02 5.03 5.41 5.44 5.35 5.32 5.55 5.05 4.07 4.07 4.15 3.83 4.44 4.29 3.95
Benchmarks
P/BV Ratio, Competitors5
Boeing Co. 1,689.96
Caterpillar Inc. 5.64 5.32 4.11 5.16 5.09 4.81 5.06
Eaton Corp. plc 3.06 2.73 2.34 2.48 2.32 2.14 2.16
GE Aerospace 1.95 1.71 1.63 3.66 3.16 2.55 2.52
Honeywell International Inc. 6.40 5.78 5.46 6.97 6.61 7.00 6.56
Lockheed Martin Corp. 20.84 27.96 30.96 39.60 26.86 35.45 37.84
RTX Corp. 1.26 1.35 1.25 3.24 3.05 2.87 3.05

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

1 Data adjusted for splits and stock dividends.

2 Q3 2020 Calculation
BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= 14,716,000,000 ÷ 286,972,150 = 51.28

3 Closing price as at the filing date of General Dynamics Corp. Quarterly or Annual Report.

4 Q3 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 132.43 ÷ 51.28 = 2.58

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. General Dynamics Corp. P/BV ratio increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.