HONEYWELL INTERNATIONAL INC
HON · Nasdaq · CIK 0000773840
SIC 3724
Aircraft Engines & Engine Parts
Category
Transportation Equipment
Entity
operating
Incorp.
DE
Fiscal Y/E
1231
Source: SEC EDGAR · All filings on SEC →
Investment Indicators
$219.13
+6.01 (+2.82%)
Open
$214.87
High
$221.04
Low
$214.87
Prev Close
$213.12
Volume
3,069,391
52W High
$248.18
52W Low
$185.84
50-day MA
$228.75
Quote as of: 2026-05-11
Market Cap
$137.41B
P/E
34.70
P/B
9.77
PEG
1.91
EPS
6.25
BPS
21.45
Dividend Yield
2.22%
Beta
0.81
ROE
34.01%
ROA
6.42%
Current Ratio
1.30
Gross Margin
9.50%
Operating Margin
22.25%
Net Margin
12.95%
Book Value/Share
$21.89
Intrinsic Value Estimates
Multiple valuation methods, each with its own assumptions — outputs can diverge widely
Median consensus (6 methods)
$43.38B
| Method | Implied market cap | vs current |
|---|---|---|
Graham Number √(22.5 × 순이익 × 자본) | $38.46B | +257% |
Graham Formula 순이익 × (8.5 + 2 × 성장률%) | — | N/A |
Justified P/E 순이익 × 산업 평균 P/E | $70.94B | +94% |
P/B 배수 자본 × 산업 평균 P/B | $20.86B | +559% |
P/S 배수 매출 × 산업 평균 P/S | $73.06B | +88% |
DCF (Gordon) CF × (1+g) / (r − g) | $48.31B | +184% |
DDM (Gordon) D × (1+g) / (r − g) | $26.51B | +418% |
▶ Detailed analysis — formula walk-through & scenarios
Why this conclusion
Of the 7 valuation methods, 6 were applicable. Their median fair-value lands +216.7% below the current market cap → the stock trades above most formulas' estimates (overvalued). 6 methods flag overvalued, 0 flag undervalued, the rest land within fair range. Read each formula's assumptions below before treating any single number as the answer.
Graham Number
Overvalued +257.3%√(22.5 × 순이익 × 자본)
Current
$137.41B
Implied fair
$38.46B
Gap (current − fair)
+$98.95B(+257.3%)
NetIncome = $4.73B Equity = $13.90B √(22.5 × $4.73B × $13.90B) = $38.46B
- 최대 PER 15배
- 최대 PBR 1.5배
- 안정적 흑자 기업 가정 (금융·고성장 부정확)
Graham Formula
순이익 × (8.5 + 2 × 성장률%)
Not applicable: -
Justified P/E
Overvalued +93.7%순이익 × 산업 평균 P/E
Current
$137.41B
Implied fair
$70.94B
Gap (current − fair)
+$66.48B(+93.7%)
NetIncome = $4.73B Industry P/E = 15× $4.73B × 15 = $70.94B
- 산업 평균 PER 15x 가정 (사용자 정의 가능)
- 동종 업종 비교가 핵심 — 산업별 평균 P/E 사용 권장
P/B 배수
Overvalued +558.9%자본 × 산업 평균 P/B
Current
$137.41B
Implied fair
$20.86B
Gap (current − fair)
+$116.56B(+558.9%)
Equity = $13.90B Industry P/B = 1.5× $13.90B × 1.5 = $20.86B
- 산업 평균 PBR 1.5x 가정
- 은행·보험·자산집약적 산업에 특히 유효
P/S 배수
Overvalued +88.1%매출 × 산업 평균 P/S
Current
$137.41B
Implied fair
$73.06B
Gap (current − fair)
+$64.36B(+88.1%)
Revenue = $36.53B Industry P/S = 2× $36.53B × 2 = $73.06B
- 산업 평균 PSR 2x 가정
- 매출 기반 — 적자 기업·신생 기업에 적용 가능
- 이익률 차이 무시
DCF (Gordon)
Overvalued +184.5%CF × (1+g) / (r − g)
Current
$137.41B
Implied fair
$48.31B
Gap (current − fair)
+$89.11B(+184.5%)
FCF = $5.42B Discount r = 4.0% + 5.0% = 9.0% Growth g = -2.0% $5.42B × (1 + -2.0%) / (9.0% − -2.0%) = $48.31B
- 현금흐름 입력: FCF (잉여현금흐름)
- 할인율 9.0% (무위험 4.0% + 주식위험프리미엄 5.0%)
- 영구 성장률 -2.0% (실질 GDP 수준)
DDM (Gordon)
Overvalued +418.3%D × (1+g) / (r − g)
Current
$137.41B
Implied fair
$26.51B
Gap (current − fair)
+$110.90B(+418.3%)
Dividend D = $2.98B Discount r = 9.0% Growth g = -2.0% $2.98B × (1 + -2.0%) / (9.0% − -2.0%) = $26.51B
- 배당 입력: 실제 지급 배당
- 할인율 9.0%
- 배당 영구 성장률 -2.0%
DCF sensitivity: discount rate × terminal growth
Each cell is the (current vs FCF × (1+g) / (r − g)) discount % under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +50.6% | +75.7% | +100.7% | +125.8% | +150.9% |
| 2% | +24.2% | +49.1% | +73.9% | +98.8% | +123.6% |
| 3% | -1.6% | +23.0% | +47.6% | +72.2% | +96.8% |
| 4% | -26.9% | -2.5% | +21.8% | +46.2% | +70.6% |
| 5% | -51.7% | -27.6% | -3.5% | +20.7% | +44.8% |
DDM sensitivity: discount rate × dividend growth
Each cell is the discount % vs Dividend × (1+g) / (r − g) under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +174.3% | +220.0% | +265.7% | +311.5% | +357.2% |
| 2% | +126.3% | +171.6% | +216.9% | +262.1% | +307.4% |
| 3% | +79.3% | +124.1% | +169.0% | +213.8% | +258.6% |
| 4% | +33.2% | +77.6% | +122.0% | +166.4% | +210.8% |
| 5% | -12.0% | +31.9% | +75.9% | +119.9% | +163.9% |
All estimates rest on strong assumptions. Treat the spread, not any single number, as the signal.
Financial Statements
In USD millions (per-share figures shown directly) · Financials as of: 2026-02-17
Income Statement
| FY | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Cost of Revenue | 23,613 | 23,836 | 22,995 | 23,825 | 23,394 |
| Gross Profit | 3,470 | — | — | — | 10,468 |
| Operating Income | 8,127 | 8,699 | — | — | — |
| Net Income | 4,729 | 5,705 | 5,658 | 4,966 | 5,542 |
| EPS (Basic) | 7.40 | 8.76 | 8.53 | 7.33 | 8.01 |
| EPS (Diluted) | 7.36 | 8.71 | 8.47 | 7.27 | 7.91 |
Balance Sheet
| FY | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Total Assets | 73,681 | 75,196 | 61,525 | 62,275 | 64,470 |
| Current Assets | 30,387 | 27,908 | 23,502 | 24,982 | 25,372 |
| Cash & Equivalents | 12,487 | 10,567 | 7,925 | 9,627 | 10,959 |
| Current Liabilities | 23,414 | 21,256 | 18,539 | 19,938 | 19,508 |
| Long-term Debt | 29,046 | 27,265 | 18,358 | 16,853 | 16,057 |
| Total Equity | 13,904 | 18,619 | 15,856 | 16,697 | 18,569 |
Cash Flow
| FY | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Operating CF | 6,408 | 6,097 | 5,340 | 5,274 | 6,038 |
| Investing CF | -2,711 | -10,157 | -1,293 | -93 | -1,061 |
| Financing CF | -1,953 | 6,839 | -5,763 | -6,330 | -8,254 |
| CapEx | 986 | 1,164 | 1,039 | 766 | 895 |
| Dividends Paid | 2,976 | 2,902 | 2,855 | 2,719 | 2,626 |
📄 SEC Filings
Current Report
8-K
2026-04-23
Open →
Quarterly Report
10-Q
2026-04-23
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Current Report
8-K
2026-04-23
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Proxy Statement
DEF 14A
2026-04-10
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Current Report
8-K
2026-03-23
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Current Report
8-K
2026-03-16
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Current Report
8-K
2026-03-06
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Current Report
8-K
2026-03-03
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Current Report
8-K
2026-02-17
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Annual Report
10-K
2026-02-17
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Current Report
8-K
2026-01-29
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Current Report
8-K
2025-12-22
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Current Report
8-K
2025-12-10
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Current Report
8-K
2025-11-03
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Current Report
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2025-10-30
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Other filings (85)
SCHEDULE 13G
xslSCHEDULE_13G_X02/primary_doc.xml
2026-04-30
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Insider Transaction
FORM 4
2026-04-27
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DEFA14A
DEFA14A
2026-04-24
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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Insider Transaction
FORM 4
2026-04-16
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25-NSE
xslF25X02/primary_doc.xml
2026-04-10
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ARS
ARS
2026-04-10
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DEFA14A
DEFA14A
2026-04-10
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Insider Transaction
FORM 4
2026-04-02
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Insider Transaction
FORM 4
2026-04-02
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S-8
S-8
2026-04-01
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SCHEDULE 13G/A
xslSCHEDULE_13G_X02/primary_doc.xml
2026-03-27
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PRE 14A
PRE 14A
2026-03-06
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Insider Transaction
FORM 4
2026-03-03
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Insider Transaction
FORM 4
2026-03-03
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144
xsl144X01/primary_doc.xml
2026-03-02
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144
xsl144X01/primary_doc.xml
2026-03-02
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Insider Transaction
FORM 4
2026-02-25
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Insider Transaction
FORM 4
2026-02-25
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Insider Transaction
FORM 4
2026-02-25
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Insider Transaction
FORM 4
2026-02-25
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Insider Transaction
FORM 4
2026-02-25
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Insider Transaction
FORM 4
2026-02-24
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Insider Transaction
FORM 4
2026-02-23
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Insider Transaction
FORM 4
2026-02-23
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Insider Transaction
FORM 4
2026-02-23
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Insider Transaction
FORM 4
2026-02-23
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Insider Transaction
FORM 4
2026-02-23
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Insider Transaction
FORM 4
2026-02-23
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Insider Transaction
FORM 4
2026-02-23
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Insider Transaction
FORM 4
2026-02-23
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Insider Transaction
FORM 4
2026-02-23
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Insider Transaction
FORM 4
2026-02-23
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144
xsl144X01/primary_doc.xml
2026-02-23
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Insider Transaction
FORM 4
2026-02-20
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144
xsl144X01/primary_doc.xml
2026-02-19
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Insider Transaction
FORM 4
2026-02-18
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Insider Transaction
FORM 4
2026-02-18
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Insider Transaction
FORM 4
2026-02-18
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Insider Transaction
FORM 4
2026-02-18
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Insider Transaction
FORM 4
2026-02-18
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Insider Transaction
FORM 4
2026-02-17
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Insider Transaction
FORM 4
2026-02-17
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Insider Transaction
FORM 4
2026-02-17
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Insider Transaction
FORM 4
2026-02-17
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Insider Transaction
FORM 4
2026-02-13
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Insider Transaction
FORM 4
2026-02-13
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Insider Transaction
FORM 4
2026-02-12
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Insider Transaction
FORM 4
2026-02-12
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Insider Transaction
FORM 4
2026-02-12
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Insider Transaction
FORM 4
2026-02-09
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144
xsl144X01/primary_doc.xml
2026-02-06
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Insider Transaction
FORM 4
2026-02-03
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144
xsl144X01/primary_doc.xml
2026-01-30
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-06
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Insider Transaction
FORM 4
2026-01-05
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3
FORM 3
2026-01-05
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Insider Transaction
FORM 4
2025-12-18
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Insider Transaction
FORM 4
2025-12-17
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Insider Transaction
FORM 4
2025-11-05
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3
FORM 3
2025-11-05
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Insider Transaction
FORM 4
2025-10-30
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Insider Transaction
FORM 4
2025-10-30
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Insider Transaction
FORM 4
2025-10-29
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144
xsl144X01/primary_doc.xml
2025-10-27
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