RTX (BSP:RYTT34) Cyclically Adjusted PB Ratio: 4.35 (As of Aug. 07, 2026) — 85% Above Median

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BSP:RYTT34 RTX Corp BSP:RYTT34
79 GF Score
Price R$199.99
GF Value R$132.55
Valuation Significantly Overvalued
! 7 Warning Signs
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What is RTX Cyclically Adjusted PB Ratio?

RTX BSP:RYTT34 +3.87% 79 Cyclically Adjusted PB Ratio is 4.35 as of Aug. 07, 2026, which is 85% above its 10-year median of 2.35. GuruFocus rates BSP:RYTT34 with a GF Score™ of 79/100 and a GF Value™ of R$132.55 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 211 Aerospace & Defense companies, RTX ranks worse than 56.4% on this metric.

As of today (2026-08-07), RTX's current share price is R$199.99. RTX's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$45.99. RTX's Cyclically Adjusted PB Ratio for today is 4.35.

The historical rank and industry rank for RTX's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:RYTT34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 2.35   Max: 4.15
Current: 4.15

During the past years, RTX's highest Cyclically Adjusted PB Ratio was 4.15. The lowest was 1.38. And the median was 2.35.

BSP:RYTT34's Cyclically Adjusted PB Ratio is ranked worse than
56.4% of 211 companies
in the Aerospace & Defense industry
Industry Median: 3.51 vs BSP:RYTT34: 4.15

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

RTX's adjusted book value per share data for the three months ended in Jun. 2026 was R$42.060. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$45.99 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RTX  (BSP:RYTT34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


RTX Cyclically Adjusted PB Ratio Related Terms


RTX Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RTX's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RTX Cyclically Adjusted PB Ratio Chart

RTX Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.02 2.16 1.71 2.30 3.54

RTX Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.84 3.23 3.54 3.65 3.54

BSP:RYTT34 vs GE, BA, LMT: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, RTX's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RTX Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, RTX's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where RTX's Cyclically Adjusted PB Ratio falls into.


BSP:RYTT34
79GF Score
RTX Corp BSP:RYTT34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RTX Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

RTX's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=199.99/45.99
=4.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RTX's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, RTX's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=42.06/333.9520*333.9520
=42.060

Current CPI (Jun. 2026) = 333.9520.

RTX Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.219 241.428 26.584
201612 19.063 241.432 26.368
201703 17.952 243.801 24.590
201706 19.557 244.955 26.662
201709 19.535 246.819 26.431
201712 20.348 246.524 27.564
201803 20.857 249.554 27.911
201806 24.637 251.989 32.651
201809 27.448 252.439 36.311
201812 28.885 251.233 38.395
201903 29.499 254.202 38.754
201906 30.353 256.143 39.573
201909 32.185 256.759 41.861
201912 33.061 256.974 42.965
202003 37.054 258.115 47.941
202006 38.053 257.797 49.294
202009 40.522 260.280 51.992
202012 40.723 260.474 52.211
202103 44.452 264.877 56.044
202106 39.526 271.696 48.583
202109 41.916 274.310 51.030
202112 46.117 278.802 55.239
202203 40.411 287.504 46.940
202206 40.136 296.311 45.235
202209 41.725 296.808 46.947
202212 43.306 296.797 48.727
202303 43.249 301.836 47.851
202306 40.283 305.109 44.091
202309 39.840 307.789 43.227
202312 36.802 306.746 40.066
202403 37.759 312.332 40.373
202406 39.805 314.175 42.311
202409 42.378 315.301 44.885
202412 45.918 315.605 48.587
202503 44.190 319.799 46.146
202506 43.088 322.561 44.610
202509 43.009 324.800 44.221
202512 44.198 324.054 45.548
202603 42.898 330.213 43.384
202606 42.060 333.952 42.060

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 4.35 mean?
RTX (BSP:RYTT34) has a Cyclically Adjusted PB Ratio of 4.35 as of Aug. 07, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on RTX and its competitors. This is 85% above median its historical median of 2.35. Over the past decade, RTX's Cyclically Adjusted PB Ratio has ranged from 1.38 to 4.15. According to the industry distribution chart, RTX ranks #119 out of 211 companies in the Aerospace & Defense industry, placing it in the top 56.4%.
Is RTX's Cyclically Adjusted PB Ratio too high?
RTX's current Cyclically Adjusted PB Ratio of 4.35 is 85% above median its 10-year median of 2.35. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 4.15. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.51. RTX's value of 4.35 is 23.9% above this industry median. Based on the distribution chart, RTX ranks #119 out of 211 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, RTX has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RTX's Cyclically Adjusted PB Ratio compare to GE and BA?
According to the Aerospace & Defense industry distribution chart, RTX ranks #119 out of 211 companies for Cyclically Adjusted PB Ratio. This places RTX in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.51. RTX's value of 4.35 is 23.9% above this benchmark. Historically, RTX's own Cyclically Adjusted PB Ratio has ranged from 1.38 to 4.15 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 3.51, RTX has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Aerospace & Defense company?
The median Cyclically Adjusted PB Ratio among Aerospace & Defense companies is 3.51, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RTX's current Cyclically Adjusted PB Ratio of 4.35 is 23.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on RTX and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PB Ratio is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RTX's current Cyclically Adjusted PB Ratio is 4.35, which is 85% above median its own 10-year median of 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RTX stock overvalued right now?
Based on GuruFocus' analysis, RTX (BSP:RYTT34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$132.55, compared to a current price of R$199.99 — trading 50.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.35, which is 85% above median its 10-year median of 2.35 and 23.9% above the Aerospace & Defense industry median of 3.51. RTX's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For RTX (BSP:RYTT34), the current Cyclically Adjusted PB Ratio is 4.35 as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is RTX (BSP:RYTT34) Overvalued in 2026?

Based on GuruFocus' analysis, RTX stock appears to be overvalued. The current stock price of R$199.99 is trading 50.9% above its estimated GF Value™ of R$132.55. GuruFocus considers RTX to be Significantly Overvalued.

Key valuation signals for BSP:RYTT34:

  • Cyclically Adjusted PB Ratio: 4.35 (85% above median its 10-year median of 2.35)
  • GF Value™: R$132.55 vs. price of R$199.99 (50.9% above fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 23.9% above the Aerospace & Defense median (#119 of 211)

No single metric tells the full story. See the BSP:RYTT34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RTX Business Description

Address 1000 Wilson Boulevard, Arlington, VA, USA, 22209
RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure across three segments, mostly as a supplier to commercial aerospace and to the defense market: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
79GF Score

Get the complete analysis for BSP:RYTT34

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$199.99
Price
R$132.55
GF Value