Howmet Aerospace Inc. (HWM) Fair Value 2026

HWM · Aerospace & Defense ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

9.3 /10

32 fundamental signals · 10 models active

Value Trap Risk

SAFE (0/100)

Quick Summary — As of 2026-08-27, Howmet Aerospace Inc. (HWM) trades at $267.65, versus a $74.12 median fair value across its 10 active models — 72.3% below the current price. QOC: 9.3/10. Value Trap Risk: 0/100 (SAFE). 10/13 models active. Within that set, the Bayesian DCF component alone returns $77.26.

Key Facts

Ticker
HWM
Price
$267.65
Quality Score
9.3/10
Value Trap Risk
0/100
Models Active
10/13
Last Updated
Strength: Quality Score of 9.3/10 indicates strong fundamentals
Risk: Majority of models suggest overvaluation

Is Howmet Aerospace Inc. (HWM) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, Howmet Aerospace Inc. (HWM) appears overvalued as of : the median of 10 independent fair value estimates is $74.12, 72.3% below the current price of $267.65. Estimates range from $21.04 to $261.27. HWM scores 9.3/10 on fundamental quality and 0/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. HWM’s -72.3% gap is wider than that market norm, and the Aerospace & Defense sector median is -23.9%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Howmet Aerospace Inc. Stock in 2026? →

What Fair Value Does Each Model Give HWM?

10 Intrinsic Value Models vs. Current Price ($267.65)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $77.26 -71.1%
Intrinsic · High Conviction
 $21.04 -92.1%
Ensemble · Low Conviction
 $70.98 -73.5%
Scenario · High Conviction
 $196.17 -26.7%
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What Is HWM's Fair Value Range?

Spread across 10 independent models · $21.04 to $261.27

CirclFi's 10 active models place Howmet Aerospace Inc. (HWM) between $21.04 and $261.27 per share, a spread of 324% of the median. The median of that range — $74.12 — is the fair value CirclFi publishes for HWM, against a current price of $267.65.

Low · EPVHigh · Regime Cross
$21.04median $74.12$261.27
Where the range comes from
Most bearish modelEarnings Power Value (EPV)$21.04
Most bullish modelRegime Cross-Sectional$261.27
Model agreement0 bullish · 9 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for HWM. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on HWM, not a CirclFi price target. How each model works →

What Is Howmet Aerospace Inc. (HWM) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Howmet Aerospace Inc.'s intrinsic value is estimated at $74.12. Trading at its current price of $267.65, the valuation engine raises significant caution: 9 of 10 models flag downside risk, projecting a median implied return of -72.3%. Model dispersion is worth noting: Regime Cross targets $261.27 (-2.4%), versus EPV at $21.04 (-92.1%). This +89.8% range highlights the importance of multi-model analysis rather than relying on any single methodology. Among models with highest confidence, Bayesian DCF, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About HWM?

10 of 13 models are currently active for HWM. All 10 active models suggest the stock trades above fair value. Taken together, their median fair value for HWM is $74.12 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $77.26 on its own, implying -71.1% downside from the current price. See which stocks rank higher →

How Does HWM Rank in Aerospace & Defense?

Among 92 Aerospace & Defense stocks, HWM ranks #2 by Quality of Company score. CirclFi's QOC score of 9.3/10 evaluates 32 fundamental signals. A score of 9.3 places HWM in the top tier.

See all Most Undervalued Aerospace & Defense Stocks →

Howmet Aerospace Inc.'s positioning within the Aerospace & Defense segment means that defense budget allocation plays an outsized role in fundamental analysis. The sector's unique characteristics — including aftermarket and MRO expansion — shape both the opportunity set and risk profile.

Is HWM a Value Trap?

CirclFi's Value Trap algorithm assigns HWM a score of 0/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

10 of 13 models are active for Howmet Aerospace Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Howmet Aerospace Inc. scores 9.3 out of 10 on our 32-signal quality assessment, a elite rating that ranks among the highest-quality businesses in our coverage universe. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +89.8% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every HWM valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across HWM's 10 active models, average confidence is 54%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Howmet Aerospace Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Aerospace & Defense Stocks Should You Also Analyze?

9 related Aerospace & Defense stocks with 13-model coverage

BUKSButler National CorporationQOC 9.4OPXSOptex Systems Holdings, IncQOC 9.1TATTTAT Technologies Ltd.QOC 2.5DRSLeonardo DRS, Inc.QOC 9.0PRZOParaZero Technologies Ltd.QOC 2.6ISSCInnovative Solutions and Support IncQOC 8.9SWBISmith & Wesson Brands, Inc.QOC 8.0SPCEVirgin Galactic Holdings, Inc.QOC 6.5HLEOHelio CorporationQOC 4.8

Read investment analysis: BUKS · OPXS · TATT · DRS · PRZO · ISSC · SWBI · SPCE · HLEO

Which Other Stocks Have a Similar Quality Score to HWM?

7 companies across all industries closest to HWM’s Quality of Company score of 9.3/10.

MWAMueller Water Products, Inc.QOC 9.3DGIIDigi International Inc.QOC 9.3NEMNewmont CorporationQOC 9.3ITTITT Inc.QOC 9.3BZKanzhun LimitedQOC 9.3SCCOSouthern Copper CorporationQOC 9.3NVDANVIDIA CorporationQOC 10.0

Read investment analysis: MWA · DGII · NEM · ITT · BZ · SCCO · NVDA

Where Does HWM Sit in CirclFi's Aerospace & Defense Rankings?

HWM is ranked against every other Aerospace & Defense stock CirclFi covers in each of these screens.

See all Aerospace & Defense stocks ranked →

What Else Do Investors Ask About Howmet Aerospace Inc.’s Valuation?

What is Howmet Aerospace Inc.'s intrinsic value in 2026?

CirclFi puts Howmet Aerospace Inc. (HWM)'s intrinsic value at $74.12 — the median of 10 independent model estimates as of 2026-08-27, ranging from $21.04 to $261.27. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $77.26 on its own. The Quality of Company score is 9.3/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is HWM overvalued or undervalued right now?

At $267.65, 0 of 10 active models suggest HWM may be undervalued, while 10 indicate potential overvaluation. The median of all 10 fair value estimates is $74.12, 72.3% below the current price of $267.65 — a consensus view that HWM is overvalued. The assessment depends on which methodology best fits Howmet Aerospace Inc.'s business model in Aerospace & Defense.

What does a Quality of Company score of 9.3 mean for HWM?

Howmet Aerospace Inc.'s QOC of 9.3/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on HWM?

CirclFi analyzes HWM with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 10 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on HWM?

Of the 10 models currently active on HWM, Regime Cross-Sectional is the most bullish at $261.27 per share, and Earnings Power Value (EPV) is the most bearish at $21.04. CirclFi's published fair value for HWM is the median of that range, $74.12, not either extreme. The gap between the two ends equals 324% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is HWM a value trap in 2026?

Howmet Aerospace Inc.'s Value Trap score is 0/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 10-model valuation engine, Howmet Aerospace Inc. (HWM) has a median fair value of $74.12 — 72.3% below the current price of $267.65 — as of 2026-08-27.” Source: circlfi.com/stock/HWM/ · Methodology
Primary sources for this HWM valuation
  • Financial statements: Howmet Aerospace Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0000004281) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for HWM as of ; valuations recomputed .

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