Honeywell Aerospace Inc. (HONA) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Honeywell Aerospace Inc. stock $179, price $163, upside +9.6%, quality 71 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Honeywell Aerospace Inc. manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry.
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The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.
It also provides aerospace trading, asset availability, cabin connectivity, maintenance and service plans, certifications, training, and other flight services; and GoDirect Trade, an e-commerce platform that offers access to new and used air transport and business aircraft parts.
The company's platform includes business jets, airlines/cargo planes, helicopters, defense, space, general aviation, and automotive platforms. It provides products and services to military fixed and rotary wing operators in South America, Latin America, Africa, and the Middle East.
The company was founded in 1914 and is based in Phoenix, Arizona. Honeywell Aerospace Inc. is as a prior subsidiary of Honeywell International Inc.
Stock analysis
Honeywell Aerospace Inc. (HONA) currently trades at $163.02, while our model-based Fair Value estimate is $178.74, so the stock looks roughly fairly valued today (gap 8.8%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $192.04 per share, and 10 of the 24 models we run sit above the $163.02 price.
Bear case: the Economic Profit group reads lowest at $47.68, and 14 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $137.08 (bear) to $229.33 (bull), the price of $163.02 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Honeywell Aerospace Inc. reported revenue of $17.4B in FY2025 versus $13.8B in FY2023, a compound +12.3%/yr. Reported net income was $1.8B in FY2025, compounding −21.5%/yr from FY2023.
Key figures
Market cap $51.6B Large · P/E ratio 49.7 · P/S ratio 5.08 · EPS (TTM) $3.28 · Net margin 10.2% · Return on assets (EBIT) 19.6% · Operating margin 14.7% · Revenue (TTM) $17.9B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
For context, the median of 10 Industrials peers we cover trades at −26% fair-value upside, at 10%, HONA screens cheaper than that median.
Fair Value models
Bear$137.08Fair Value $178.74Bull$229.33
Price $163.02 · Upside +9.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($2.66 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+4.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−0.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +1.9% a year for the price and −3.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Solid profitability and cash generation underpin the aerospace operations while scarce details on intangibles and R&D constrain any deeper quality assessment.
Main risk: Upfront spending on the photonics collaboration could delay margin gains in the defense navigation and timing segment.
Honeywell Aerospace is applying its established silicon nitride photonics processes in a fresh collaboration to build a chip-scale optical cavity that shrinks laser stabilization for quantum sensors. Fabricated at its foundry with partners, the prototype uses semiconductor-style manufacturing to enable compact, field-deployable systems for navigation and timing. Will this technology edge strengthen the company's position in defense applications or mainly require upfront spending that delays margin gains?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 235 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+9.6% · Top 25%
Profitability
Return on assets10.1% · Top 25%
Net margin (12 months)10.9% · Above median
Operating margin (12 months)14.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.4% · Below median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Honeywell Aerospace Inc. Fair Value". https://www.fairvalue-calculator.com/stock/HONA
Frequently asked questions
Is Honeywell Aerospace Inc. (HONA) overvalued or undervalued?
As of Oct 20, 2026, our model estimates a fair value of $178.74 versus a price of $163.02, about +10% upside (fairly valued).
What is the fair value of HONA?
Our model-based fair value for Honeywell Aerospace Inc. is $178.74 (as of Oct 20, 2026), built from audited fundamentals. The current price: $163.02.
What is the quality score of HONA?
Honeywell Aerospace Inc. has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Honeywell Aerospace Inc. (HONA)?
Our model-based price target is the fair value of $178.74 (as of Oct 20, 2026) from 24 valuation models. Cautious scenario $137.08, optimistic scenario $229.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Honeywell Aerospace Inc. stock forecast for 2026?
Our models put fair value at $178.74, about +10% upside versus a price of $163.02 (fairly valued). Cautious scenario $137.08, optimistic scenario $229.33. The calculation is refreshed regularly with new filings.
What is the revenue of Honeywell Aerospace Inc. (HONA)?
Honeywell Aerospace Inc. reported trailing-twelve-month revenue of about $17.9B (latest available figure, as of Oct 20, 2026).
What growth is priced into Honeywell Aerospace Inc. (HONA)?
For today's price to be fair in a discounted-cash-flow model, Honeywell Aerospace Inc. would have to grow free cash flow by +4.3 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +12.3 % per year. As of Oct 20, 2026.
What discount rate (WACC) does the fair value of HONA use?
Our models discount Honeywell Aerospace Inc. at 9.2 %: a base by market capitalisation (large), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Honeywell Aerospace Inc. that is +4.3 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Honeywell Aerospace Inc. (HONA) delivered so far?
Over the past 2 years revenue at Honeywell Aerospace Inc. grew +12.3 % a year. The price currently implies +4.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Honeywell Aerospace Inc. (HONA) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Honeywell Aerospace Inc. (+4.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Honeywell Aerospace Inc. (HONA)?
The free-cash-flow yield on the price is 6.20 %: that much free cash flow Honeywell Aerospace Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Honeywell Aerospace Inc. (HONA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Honeywell Aerospace Inc. it is $178.74 per share (as of Oct 20, 2026), against a price of $163.02. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Honeywell Aerospace Inc. stock overvalued or undervalued in 2026?
As of Oct 20, 2026, HONA trades below its calculated fair value: price $163.02, fair value $178.74, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HONA?
No. The price is what the market pays today ($163.02); the fair value is what the company's own numbers justify ($178.74). For Honeywell Aerospace Inc. the two are $15.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is Honeywell Aerospace Inc. worth?
The market values Honeywell Aerospace Inc. at about $51.6B (market capitalisation, as of Oct 20, 2026). Per share that is $163.02; our models calculate a fair value of $178.74 per share.
What do the bullish and bearish scenarios say about HONA?
Our models span a range for Honeywell Aerospace Inc.: cautious scenario $137.08, base $178.74, optimistic $229.33 per share (as of Oct 20, 2026, price $163.02). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HONA?
Honeywell Aerospace Inc. trades at a price-to-earnings ratio of 49.7 (as of Oct 20, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $178.74 is built from several models across several years. Other multiples: PEG 1.0, P/B 6.2, P/S 2.9, EV/EBITDA 14.5.
What is the PEG ratio of HONA?
The PEG ratio of Honeywell Aerospace Inc. is 1.04 (P/E divided by earnings growth, as of Oct 20, 2026). That is above 1, so the growth is already paid for in the price.
Which stocks are comparable to Honeywell Aerospace Inc.?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Lockheed Martin Corporation, General Dynamics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Honeywell Aerospace Inc. stock attractive at the current price?
The data as of Oct 20, 2026: price $163.02, calculated fair value $178.74 (+10%), Quality Score 71/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HONA calculated?
We run Honeywell Aerospace Inc. through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $178.74, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Honeywell Aerospace Inc. currently trades 9 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Honeywell Aerospace Inc. (HONA)?
The closing price on Oct 22, 2026 was $163.02. Our model-based fair value is $178.74, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Honeywell Aerospace Inc. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Honeywell Aerospace Inc.
How large is the market capitalisation of Honeywell Aerospace Inc. (HONA)?
The market capitalisation of Honeywell Aerospace Inc. is $51.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Honeywell Aerospace Inc. (HONA)?
The price-to-sales ratio of Honeywell Aerospace Inc. is 5.08 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Honeywell Aerospace Inc. (HONA)?
Earnings per share at Honeywell Aerospace Inc. are $3.28 (price ÷ EPS = P/E 49.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Honeywell Aerospace Inc. (HONA)?
The net margin of Honeywell Aerospace Inc. is 10.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Honeywell Aerospace Inc. (HONA)?
On an EBIT basis the return on assets of Honeywell Aerospace Inc. is 19.6% (avg 2y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Honeywell Aerospace Inc. (HONA)?
The operating margin of Honeywell Aerospace Inc. is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Honeywell Aerospace Inc. (HONA)?
Revenue at Honeywell Aerospace Inc. is growing +5.4% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Honeywell Aerospace Inc. (HONA)?
Earnings per share at Honeywell Aerospace Inc. are growing −70.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Honeywell Aerospace Inc. (HONA) carry?
The net debt of Honeywell Aerospace Inc. is $58.0M (fiscal year 2025, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 20, 2026