Northrop Grumman Corp vs Space Exploration Technologies Corp

Northrop Grumman Corp (NOC) is overvalued and we do not publish a verdict for Space Exploration Technologies Corp (SPCX).

We publish an intrinsic value for NOC but not for SPCX, so the two cannot be ranked on price.

Values as of the 22 Sept 2026 close.

Northrop Grumman Corp (NOC)

Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $408.92; the price of $509.86 is 25% above that value, and 72% of that value comes from beyond year five.

Leak Score 38/100 on 10 of 12 signals

Space Exploration Technologies Corp (SPCX)

No Leak Score yet

MetricNOCSPCX
VerdictOvervalued
Price$509.86$154.72
Intrinsic value$408.92
Margin of safety-25%
Leak Score38/100 (10/12)
Market cap$72.4B$2.10T
Revenue growth, 5 years2.7%
Operating margin10.7%
Net margin10.5%
Return on equity27.0%
Debt to equity0.950.31
P/E16.2x
Forward P/E16.7x
P/B4.0x16.0x
Dividend yield1.9%

All stocks in Aerospace & Defense