GE Aerospace (GE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-82.8%

$57.64

vs $335.08 price

Levered DCF

$51.09

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.57

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	37.76×	27.6×	15.12×	1,911.28×	-15.76×	18.06×	-17.88×	-2.88×
P/B	17.6×	9.36×	5.07×	2.72×	2.57×	2.66×	3.43×	2.12×
P/S	7.17×	4.68×	3.93×	3.15×	1.83×	1.25×	1.08×	0.68×
EV / EBITDA	27.92×	19.18×	11.5×	25.24×	-81.47×	10.5×	24.31×	-14.34×
Gross margin	36.8%	37.2%	35.1%	34.8%	23.2%	23.7%	28.1%	28.5%
Operating margin	19.1%	17.5%	13.3%	12.3%	1.9%	0.5%	5.7%	7.0%
Net margin	19.0%	16.9%	26.8%	1.2%	-11.2%	7.5%	-5.5%	-23.0%
Current ratio	1.04×	1.09×	1.33×	1.18×	1.28×	1.55×	1.31×	1.23×
Debt / equity	1.1×	1.05×	0.79×	0.78×	0.94×	2.2×	3.34×	3.34×
Interest coverage	10.4×	6.86×	4.58×	2.69×	0.59×	0.12×	1.76×	1.42×
Dividend yield	0.4%	0.6%	0.4%	0.7%	0.6%	0.7%	0.7%	6.8%
Payout ratio	16.7%	15.4%	6.2%	190.2%	-9.1%	11.4%	-13.0%	-20.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	46.6%	33.9%	34.6%	1.0%	-15.7%	16.0%	-17.6%	-72.2%
Return on invested capital	8.1%	6.3%	2.9%	2.2%	0.6%	0.2%	2.4%	2.5%
Return on assets	6.7%	5.2%	5.4%	0.2%	-3.2%	2.2%	-1.9%	-7.0%
Free cash flow yield	2.2%	2.0%	2.6%	5.2%	2.3%	0.2%	2.8%	-5.8%
Earnings yield	2.6%	3.6%	6.8%	0.4%	-6.1%	6.0%	-5.1%	-34.0%
Enterprise value	$336.8B	$187.7B	$145.5B	$102.1B	$125.9B	$136B	$155.9B	$138.2B
Net debt / EBITDA	0.67×	0.69×	0.52×	2.56×	-14.41×	3.21×	9.15×	-7.52×
Cash conversion cycle (days)	144	150	144	207	129	104	111	111