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STOCK COMPARISON

North Electro-Optic Co vs GE Aerospace: Fair Value & Quality

Both stocks run through our valuation models. Here is how North Electro-Optic Co (600184) and GE Aerospace (GE) compare, as of Sep 15, 2026.

As of Sep 15, 2026, Fair Value Calculator sees GE Aerospace as the less overvalued of the two: North Electro-Optic Co trades at ¥20.58 versus a fair value of ¥2.08 (-90%), while GE Aerospace trades at $318 versus $87.86 (-72%).
North Electro-Optic Co
600184.SHG · CNY · Information Technology
-90%
upside to fair value
overvalued
Price¥20.58
Fair Value¥2.08
Quality42/100
GE Aerospace
GE · USD · Industrials
-72%
upside to fair value
overvalued
Price$318
Fair Value$87.86
Quality73/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

North Electro-Optic CoGE Aerospace
Valuation
177.3×P/E (TTM)43.8×
4.22×P/S (TTM)7.65×
3.03×P/B19.79×
72.4×EV/EBITDA34.1×
PEG8.51×
−89.9%Fair value upside−72.3%
0.2%Dividend yield0.5%
¥0.03Dividend per share$1.55
Profitability
-2%Operating margin20%
0.80×EBIT margin trend (5Y)38.20×
2%Return on equity45%
0%Return on assets5%
Growth
3%Revenue growth (YoY)25%
-1.0%Avg. growth/yr (3Y)-15.7%
-0.4%Avg. growth/yr (5Y)-9.6%
−6.2%Value creation/yr+10.4%
Balance & size
60.3×Interest coverage (EBIT/interest)10.4×
0.02×Debt / equity1.01×
$2BMarket cap$370B
weakGrowth qualityweak
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

GE Aerospace leads: 4 to 6 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

North Electro-Optic Coof which business quality 43 · market factors 35 GE Aerospaceof which business quality 67 · market factors 49
ProfitabilityMargins and returns on capital today
21
54
Quality GrowthAre margins and returns improving?
80
64
CashflowEarnings quality: real cash, not paper profit
0
63
Fin. StrengthBalance sheet, leverage, solvency risk
93
49
InvestmentDisciplined investing over empire-building
59
99
Low VolatilityCalm price path (market factor)
44
47
MomentumPrice trend over the last 3–12 months (market factor)
32
50
52W MomentumDistance to the 52-week high (market factor)
31
49
Net IssuanceShare count: buybacks or dilution?
18
96

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyNorth Electro-Optic CoPrice ¥20.58GE AerospacePrice $318
DCF Modelsn/a-68%below the price$102
Earnings-Based-92%below the price¥1.69-77%below the price$73.12
Dividend Discount-100%below the price¥0.06-95%below the price$15.91
Multiples-87%below the price¥2.64-68%below the price$103
Asset-Based-81%below the price¥3.93-96%below the price$11.99
Growth DCFn/a-72%below the price$88.60
Economic Profit-85%below the price¥3.16-66%below the price$108
Growth Earnings-91%below the price¥1.83-58%below the price$133
Minimum-100%below the price¥0.06-96%below the price$11.99
Maximum-81%below the price¥3.93-58%below the price$133
Median-89%below the price¥2.23-70%below the price$95.36
Geometric mean-94%below the price¥1.33-81%below the price$60.79

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

North Electro-Optic Co: 16 of 16 models see the stock below the current price.

GE Aerospace: 24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

North Electro-Optic Co
Price ¥20.58
Fair Value ¥2.08
Bear ¥1.56Bull ¥2.40
GE Aerospace
Price $318
Fair Value $87.86
Bear $63.39Bull $124

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

North Electro-Optic Co · Information Technology

Quality score42 · bottom 25%
Fair value upside-90% · bottom 25%

GE Aerospace · Industrials

Quality score73 · Top 25%
Fair value upside-72% · bottom 25%

Bottom line

As of Sep 15, 2026, Fair Value Calculator sees GE Aerospace as the less overvalued of the two: North Electro-Optic Co trades at ¥20.58 versus a fair value of ¥2.08 (-90%), while GE Aerospace trades at $318 versus $87.86 (-72%).

GE Aerospace has the higher quality score (73/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.