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Northrop Grumman's Soaring Stock: A Sign of Strength or a Valuation Trap?

Northrop Grumman shares have delivered stellar multi-year returns, but a deep dive into its valuation reveals a complex picture. While a discounted cash flow model suggests the stock is overvalued, its price-to-earnings ratio tells a different story, trading below industry and peer averages. This analysis unpacks the conflicting signals and what they mean for investors.