General Electric Co Dossier - Source-backed chat

General Electric Co

GENYSE

SectorIndustrials

IndustryAerospace & Defense

Beta (adjusted)1.25

Intrinsic Value $206.88median of 6 methods · middle span $170-$348based on filings through 30 Jun 2026

Market Price $312.39Price as of 1 Oct 2026

OvervaluedIntrinsic value is 34% below the market price

−50% · IV below pricenear fair value ±15%IV above price · +50%

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Market Cap $324.1B

Enterprise Value $335.2B

Shares Outstanding 1B diluted

Moat Rating Wide

Next Earnings Date20 Oct 2026

Last ex-dividend6 Jul 2026

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

GE Aerospace entered the second half of 2026 with strong commercial-services demand, improved engine output, more than USD 210 billion of backlog, and higher full-year guidance.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Street view · analyst 12-month targets21 analysts · as of 18 Aug 2026

Low · most bearish analyst$347.00

Mean target$404.90

High · most bullish analyst$455.00

Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions.

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$347.0020%

Supplier constraints, airframer production disruption, inflation, adverse equipment mix, or product-quality and durability issues slow engine and shop-visit output. A shortfall against the lower bounds of raised operating-profit, adjusted-EPS, or free-cash-flow guidance would weaken the execution case.

Base CaseCentral scenario

$404.9055%

Matches the consensus mean

GE Aerospace broadly delivers its raised 2026 guidance as commercial-services growth offsets equipment-mix pressure, inflation, and continuing supply-chain constraints. The company converts its large backlog into higher revenue and cash flow while completing the LEAP-1B durability-kit production transition.

Bull CaseUpside scenario

$455.0025%

Commercial-services volume and pricing remain stronger than the raised outlook, supplier material availability continues improving, engine deliveries sustain first-half momentum, and LEAP durability upgrades strengthen time-on-wing and aftermarket economics. This would create scope to exceed the raised 2026 operating-profit, EPS, and cash-flow ranges.

Scenarios are anchored to street consensus at the research date, with our probabilities and rationale.

Key Investment Merits

Second-quarter adjusted revenue increased 24%, while adjusted EPS increased 22% and free cash flow increased 43%, demonstrating broad operating momentum.
Backlog exceeded USD 210 billion, while first-half total engine deliveries increased 31% and LEAP deliveries increased 41%, supporting substantial production and aftermarket visibility.
Management raised full-year 2026 guidance across adjusted revenue growth, operating profit, adjusted EPS, and free cash flow after the strong first half.

Key Investment Risks

The production ramp remains exposed to supplier material availability, labor constraints, airframer schedules, inflation, tariffs, and other geopolitical or trade disruptions.
Safety, quality, performance, or durability problems affecting GE Aerospace products or integrated third-party platforms could create remediation costs, delivery disruption, and reputational damage.
Rapid growth in lower-margin new-engine deliveries, including GE9X and LEAP units, can pressure near-term margins even when revenue and installed-base economics improve.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

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Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.