DailyTickers

GE — GE Aerospace

NYSE · Industrials · 24 juin 2026
$365.88 +2.64% 52w High Overbought Score 78 B+
$382.28B
Market Cap
6.37M
Volume
42.12x
Fwd P/E
1.375
Beta
$243.34 – $369.25
52W Range
1.33%
Short Interest
0.53%
Div Yield
GE Chart
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Verdict Express

B+ Bullish Medium% confidence

GE Aerospace is the world's largest jet engine manufacturer with an unassailable installed base of 44,000+ engines generating 60%+ recurring aftermarket revenue. Four consecutive EPS beats confirm operational excellence post-spinoff. However, the stock is hitting 52-week highs with RSI at 73 (overbought), trading 8.5% above EMA20, and a forward PE of 42x leaves no margin of safety. Great business, wrong entry point — wait for pullback to EMA20 ($337).

Why Buy

  • 4 consecutive EPS beats — Q1 2026 beat by 16.3%
  • 44,000+ engine installed base = massive recurring aftermarket revenue
  • Post-spinoff focus: pure-play aerospace with defense tailwinds
  • AI data center power supercycle driving GE Vernova demand (positive halo)
  • Commercial aviation recovery post-COVID with widebody ramp

Why Avoid

  • Forward PE 42x and PEG 8.55 — premium valuation prices in perfection
  • RSI 73 overbought, 8.5% extended above EMA20
  • Engine production constrained by supply chain + Boeing delivery issues
  • Turkey engine sale faces Congressional opposition headwinds
  • Cyclical exposure to commercial aviation and recession risk

Business Overview

GE Aerospace is the world's largest jet engine manufacturer, spun off from General Electric in April 2024 as a pure-play aerospace company. The company supplies engines for both commercial aviation (LEAP for 737 MAX/A320neo, GE9X for 777X, GEnx) and defense/propulsion (F110, T700 for military applications).

The business benefits from a massive installed base of 44,000+ engines generating recurring aftermarket revenue that accounts for over 60% of total revenue. Post-COVID aviation recovery combined with defense spending tailwinds create a dual growth engine. Revenue split is approximately 70% commercial aviation and 30% defense/propulsion technologies.

Segments

SegmentRevenue% TotalDescription
Commercial Engines & Services~70%70%LEAP (737 MAX, A320neo), GE9X (777X), GEnx engines + aftermarket services
Defense & Propulsion Technologies~30%30%F110, T700 military engines, government/defense contracts

Fundamentals

MetricValueSignal
Market Cap$382.28BMega-Cap
Trailing P/E45.39xPremium
Forward P/E42.12xExpensive
PEG Ratio8.55Overvalued
EV/Revenue7.93xHigh
EV/EBITDA34.69xRich
P/B Ratio21.14xPremium
Book Value$17.31
Dividend Yield0.53%Token
Short Interest1.33%Low

Earnings History

QuarterEPS ActualEPS Est.SurpriseRevenue
Q1 2026$1.86$1.60+16.3%-
Q4 2025$1.57$1.43+9.8%-
Q3 2025$1.66$1.47+12.9%-
Q2 2025$1.66$1.43+16.0%-

4/4 consecutive beats — strong execution post-spinoff — Next: July 2026 (est.)

Technical Analysis

RSI (14)73.3
EMA 20$337.08
EMA 50$320.29
EMA 200$298.06
MACD14.700
Signal12.060
ATR (14)$10.59
Above EMA200 Above EMA50 MACD Bullish RSI Overbought
Supports: $337.08 / $320.29 / $298.06
Resistances: $369.25 / $400.00 / $425.00

Technical Setup

Strong bullish structure but overextended. Price hitting 52-week high ($369.25) with RSI at 73.3 (overbought). EMA20 ($337.08) > EMA50 ($320.29) > EMA200 ($298.06) — perfect alignment. However, price is 8.5% above EMA20 — a pullback is likely before a sustainable breakout. MACD bullish (14.70 vs signal 12.06). ATR $10.59 (2.9%) reflects elevated volatility. 50-day avg ($309.54) and 200-day avg ($306.20) well below, confirming strong trend but extended entry risk.

Risk Analysis

Risk Profile: Elevated

Outstanding business quality with dominant market position, but current entry carries elevated risk due to extreme valuation (42x FPE, 8.55 PEG), overbought technicals (RSI 73), and 8.5% extension from EMA20.

Valuation Risk

High
  • Forward PE 42x and PEG 8.55 price in years of flawless growth
  • P/B 21x and EV/EBITDA 34.7x leave no margin of safety
  • Any earnings miss would trigger a sharp de-rating
Probability
Impact
Premium valuation justified by quality but leaves no room for execution stumbles

Supply Chain & Production Constraints

Medium
  • Engine production still constrained by supply chain bottlenecks
  • Boeing delivery issues impact LEAP engine shipment pace
  • Aftermarket demand partially masks new engine production headwinds
Probability
Impact
Recurring aftermarket revenue (60%+) cushions production-related shortfalls

Geopolitical — Turkey Engine Sale

Low
  • Congressional opposition to planned engine sale to Turkey
  • Could set precedent restricting future defense export deals
Probability
Impact
Manageable — defense is ~30% of revenue and Turkey is one of many export markets

Cyclical Aviation Exposure

Medium
  • Commercial aviation (70% of revenue) is cyclically sensitive
  • Recession would reduce airline capex and engine orders
  • Aftermarket may slow if airlines defer maintenance spending
Probability
Impact
Installed base of 44,000+ engines ensures baseline maintenance demand even in downturns

Trade Idea

Entry Zone
$340.00
Pullback to EMA20 zone
Stop Loss
$318.00
-6.5% risk
Target 1
$370.00
+8.8% upside
Target 2
$400.00
+17.6% stretch
Risk/Reward
1:1.4
20-day horizon

Thesis

GE Aerospace is the world's dominant jet engine manufacturer with 4 consecutive EPS beats and powerful secular tailwinds from aviation recovery and defense spending. The stock is currently overextended at 52-week highs with RSI at 73 and 8.5% above EMA20. Wait for a pullback to the EMA20 ($337) zone for a favorable risk/reward entry targeting ATH breakout and the $400 psychological level.

Catalysts

  • Q1 2026 EPS $1.86 vs $1.60 est (+16.3%) — strongest recent beat
  • 4 consecutive earnings beats: +16.0%, +12.9%, +9.8%, +16.3%
  • AI data center power supercycle driving turbine demand (GE Vernova halo)
  • 44,000+ engine installed base generating 60%+ recurring aftermarket revenue

Invalidation

  • Break below EMA50 ($320.29) on volume > 10M
  • Earnings miss in next quarter — would break the 4-beat streak
  • Boeing production halt impacting LEAP engine deliveries

Disclaimer

This analysis is provided for informational and educational purposes only. It does not constitute financial advice, investment recommendation, or solicitation to buy or sell any security.

Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Always conduct your own research and consult a licensed financial advisor before making investment decisions.

Data sourced from DailyTickers Gateway, Yahoo Finance, SEC EDGAR, and public market data. Accuracy is not guaranteed.

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