Is Howmet Aerospace, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Howmet Aerospace, Inc. moved from very expensive to expensive, indicating a slight improvement in perceived value but still reflecting high valuation metrics. The company appears overvalued based on its current financial ratios, including a P/E ratio of 55, a Price to Book Value of 14.77, and an EV to EBITDA of 35.63.
In comparison to peers, RTX Corp. has a P/E of 37.08, while Honeywell International, Inc. stands out with a more attractive P/E of 30.10, suggesting that Howmet Aerospace is trading at a premium relative to its industry peers. Despite this overvaluation, Howmet has demonstrated impressive stock performance, with a year-to-date return of 88.95% compared to the S&P 500's 14.40%, reinforcing the notion that the market may be pricing in future growth potential.