General Electric Company

NYSE:GE Stock Report

Market Cap: US$173.1b

General Electric Valuation

Is GE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GE ($164.8) is trading below our estimate of fair value ($213.83)

Significantly Below Fair Value: GE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GE?

Key metric: As GE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GE. This is calculated by dividing GE's market cap by their current earnings.
What is GE's PE Ratio?
PE Ratio32.4x
EarningsUS$5.50b
Market CapUS$173.11b

Price to Earnings Ratio vs Peers

How does GE's PE Ratio compare to its peers?

The above table shows the PE ratio for GE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.5x
RTX RTX
32.6x15.2%US$152.3b
LMT Lockheed Martin
17x2.0%US$114.5b
GD General Dynamics
19.6x8.9%US$72.0b
NOC Northrop Grumman
28.7x12.1%US$68.1b
GE General Electric
32.4x12.6%US$173.1b

Price-To-Earnings vs Peers: GE is expensive based on its Price-To-Earnings Ratio (32.4x) compared to the peer average (24.5x).

Price to Earnings Ratio vs Industry

How does GE's PE Ratio compare vs other companies in the US Aerospace & Defense Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CVU CPI Aerostructures
2.9xn/aUS$49.14m
ETCC Environmental Tectonics
4.6xn/aUS$29.58m
AWIN AERWINS Technologies
0.0008xn/aUS$2.40k
GIGA.Q Gresham Worldwide
n/an/aUS$7.00
No more companies available in this PE range
GE 32.4xIndustry Avg. 32.9xNo. of Companies6PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GE is good value based on its Price-To-Earnings Ratio (32.4x) compared to the US Aerospace & Defense industry average (32.9x).

Price to Earnings Ratio vs Fair Ratio

What is GE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.4x
Fair PE Ratio35.4x

Price-To-Earnings vs Fair Ratio: GE is good value based on its Price-To-Earnings Ratio (32.4x) compared to the estimated Fair Price-To-Earnings Ratio (35.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$164.80
US$210.71
+27.9%
6.3%US$235.00US$190.00n/a17
Dec ’25US$182.16
US$209.83
+15.2%
6.1%US$235.00US$190.00n/a17
Nov ’25US$171.70
US$208.89
+21.7%
6.3%US$235.00US$190.00n/a17
Oct ’25US$186.30
US$199.40
+7.0%
6.5%US$230.00US$180.00n/a17
Sep ’25US$174.62
US$195.42
+11.9%
5.9%US$215.00US$170.00n/a16
Aug ’25US$169.75
US$195.11
+14.9%
6.1%US$215.00US$170.00n/a15
Jul ’25US$158.97
US$186.19
+17.1%
6.9%US$211.00US$167.00n/a16
Jun ’25US$165.14
US$184.50
+11.7%
5.8%US$211.00US$167.00n/a16
May ’25US$159.70
US$180.18
+12.8%
7.7%US$211.00US$148.00n/a17
Apr ’25US$175.36
US$172.62
-1.6%
13.6%US$210.00US$120.00n/a17
Mar ’25US$158.65
US$157.86
-0.5%
11.9%US$185.00US$120.00n/a17
Feb ’25US$135.41
US$143.56
+6.0%
8.4%US$165.00US$120.00n/a16
Jan ’25US$127.63
US$136.50
+6.9%
8.5%US$155.00US$115.00n/a16
Dec ’24US$122.50
US$131.00
+6.9%
7.7%US$150.00US$115.00US$182.1616
Nov ’24US$107.25
US$131.00
+22.1%
7.7%US$150.00US$115.00US$171.7016
Oct ’24US$110.55
US$127.89
+15.7%
7.2%US$141.00US$110.00US$186.3016
Sep ’24US$114.24
US$127.45
+11.6%
6.8%US$140.00US$110.00US$174.6216
Aug ’24US$113.22
US$123.87
+9.4%
8.9%US$140.00US$99.60US$169.7517
Jul ’24US$109.85
US$110.03
+0.2%
8.7%US$125.00US$90.00US$158.9719
Jun ’24US$104.67
US$108.18
+3.4%
7.3%US$121.00US$90.00US$165.1420
May ’24US$101.18
US$107.03
+5.8%
7.0%US$120.00US$91.90US$159.7018
Apr ’24US$95.60
US$99.18
+3.7%
6.3%US$113.00US$90.00US$175.3619
Mar ’24US$84.14
US$87.39
+3.9%
12.4%US$100.00US$50.00US$158.6519
Feb ’24US$82.32
US$85.73
+4.1%
11.5%US$97.00US$50.00US$135.4119
Jan ’24US$83.79
US$93.63
+11.7%
14.8%US$122.00US$58.00US$127.6319
Dec ’23US$85.26
US$90.61
+6.3%
15.7%US$122.00US$58.00US$122.5018

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 05:24
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

General Electric Company is covered by 45 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Ishan MajumdarBaptista Research
David StraussBarclays