Is Howmet Aerospace, Inc. overvalued or undervalued?

As of 14 November 2025, the valuation grade for Howmet Aerospace, Inc. has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued based on its high 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. In comparison, peers such as RTX Corp. have a P/E of 37.08 and Honeywell International, Inc. shows a more attractive P/E of 30.10, highlighting Howmet's relative overvaluation in the aerospace and defense sector.
Despite strong performance with a year-to-date return of 83.12% compared to the S&P 500's 14.49%, the elevated valuation metrics suggest that the stock may be priced for perfection, making it less appealing for new investors. With a PEG ratio of 1.12, the growth expectations may not justify the current price, reinforcing the conclusion that Howmet Aerospace, Inc. is overvalued.