Defense Stocks Still Cost Too Much in 2025
2024 was a good year for defense stocks. From Jan. 1 through Dec. 30, 2024, the S Aerospace Defense ETF (NYSEMKT: XAR) scored an impressive 30% gain, outperforming even the broader S&P 500 and its impressive 26.5% performance. That's the good news.
The bad news is that when stocks go up a lot, they get more expensive, and might not be such good bargains anymore. Three months ago, I concluded that this had become the case with defense stocks. I warned investors that defense stocks cost too much, and you won't believe what happened next.
Three months later, eight of the 10 big defense stocks I reviewed in that column have seen their price-to-sales ratios slashed. The two exceptions -- the two defense stocks that got more expensive over the last three months -- are Kratos Defense and Security (NASDAQ: KTOS), which won a big Pentagon contract early this month, and, believe it or not, (NYSE: BA).
Source Fool.com
Boeing Co. Stock
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