Is Howmet Aerospace, Inc. overvalued or undervalued?

As of 14 November 2025, the valuation grade for Howmet Aerospace, Inc. moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company appears overvalued based on its current valuation ratios, including a P/E ratio of 55, a Price to Book Value of 14.77, and an EV to EBITDA of 35.63. Compared to peers, Howmet's P/E ratio is notably higher than RTX Corp.'s 37.08 and Honeywell International's 30.10, highlighting its expensive valuation relative to these competitors.
Despite strong returns, with a YTD return of 85.87% compared to the S&P 500's 14.49%, the elevated valuation ratios suggest that the stock may not be justified at its current price levels. The significant disparity in valuation metrics compared to its industry peers reinforces the conclusion that Howmet Aerospace is overvalued.