Curtiss Wright (CW) Expands Buyback Program, Is The Stock Still Below Fair Value?

Curtiss-Wright (CW) extended its share repurchase activity on August 10, 2026, adding US$100 million to its buyback authorization and bringing the total program size to US$2.166 billion.

See our latest analysis for Curtiss-Wright.

Curtiss-Wright’s latest buyback expansion comes after a brief period of share price softness, with the stock down over the past quarter but still showing strong year to date share price returns and very strong multi year total shareholder returns.

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Curtiss-Wright is pairing solid recent earnings and a larger buyback with a share price that has cooled over the last quarter. Does that combination leave the stock looking expensive, or does it offer better value today?

Most Popular Narrative: 14.6% Undervalued

The most followed Curtiss-Wright narrative anchors on a fair value of $814.83 against the last close of $695.67. That gap sits on detailed assumptions about growth, profitability, and discount rates.

Record backlog growth (+12% YTD to $3.8B), strong book-to-bill ratios (1.2x in A&D), and a healthy order pipeline in both defense and nuclear align with management's confidence in posting 9 to 10% sales growth, 16 to 19% EPS growth, and over 100 bps of margin expansion in 2025, signaling undervaluation if current pricing underappreciates this forward visibility and operational leverage.

Read the complete narrative.

Want to see what sits behind that growth runway and margin uplift story. The narrative leans on stacked assumptions around future revenue, earnings, and the P/E that might be justified if those targets are met.

Result: Fair Value of $814.83 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, the Curtiss-Wright narrative depends heavily on large defense and nuclear contracts, and any policy or budget shifts could disrupt that order book and earnings path.

Find out about the key risks to this Curtiss-Wright narrative.

Another View on Curtiss-Wright’s Valuation

The first Curtiss-Wright narrative leans on an $814.83 fair value, suggesting the stock is 14.6% undervalued. Yet on a P/E of 47.5x, the shares trade above both the US Aerospace & Defense industry at 39.6x and a fair ratio of 27.4x, which points to meaningful valuation risk if sentiment cools.

Peer companies on average trade at 84.6x P/E, so Curtiss-Wright sits in the middle, expensive versus the industry but lower than high rated peers. For investors, the question is whether its growth and quality justify staying closer to that peer group, or whether the market eventually gravitates toward the lower fair ratio.

See what the numbers say about this price — find out in our valuation breakdown.

Next Steps

If this mixed sentiment on Curtiss-Wright has you thinking, take a moment to review the underlying numbers yourself and move quickly to shape your own view with its 2 key rewards

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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