Boeing Co (BUE:BA) Cyclically Adjusted PB Ratio: (As of Jul. 17, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:BA Boeing Co BUE:BA
53 GF Score
Price ARS13,970.00
GF Value ARS13,411.71
Valuation Fairly Valued
! 3 Warning Signs
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What is Boeing Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Boeing Co  (BUE:BA) 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.


Boeing Co Cyclically Adjusted PB Ratio Related Terms


Boeing Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Boeing Co'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.

Boeing Co Cyclically Adjusted PB Ratio Chart

Boeing Co 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 4,116.82 0.00 0.00 0.00 0.00

Boeing Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00

BUE:BA vs LMT, HWM, GD: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Boeing Co'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.


Boeing Co Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

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

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


BUE:BA
53GF Score
Boeing Co BUE:BA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Boeing Co 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.

Boeing Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3537.627/330.2130*330.2130
=3,537.627

Current CPI (Mar. 2026) = 330.2130.

Boeing Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.355 241.018 5.967
201609 16.780 241.428 22.951
201612 6.995 241.432 9.567
201703 0.806 243.801 1.092
201706 -18.871 244.955 -25.439
201709 10.618 246.819 14.206
201712 17.832 246.524 23.886
201803 14.047 249.554 18.587
201806 -20.800 251.989 -27.257
201809 -27.785 252.439 -36.345
201812 7.505 251.233 9.864
201903 2.891 254.202 3.755
201906 -140.843 256.143 -181.571
201909 -136.326 256.759 -175.326
201912 -304.974 256.974 -391.893
202003 -354.318 258.115 -453.288
202006 -471.660 257.797 -604.151
202009 -518.145 260.280 -657.362
202012 -853.143 260.474 -1,081.562
202103 -927.646 264.877 -1,156.464
202106 -899.011 271.696 -1,092.637
202109 -801.061 274.310 -964.313
202112 -857.278 278.802 -1,015.360
202203 -931.812 287.504 -1,070.234
202206 -1,006.145 296.311 -1,121.262
202209 -1,376.169 296.808 -1,531.053
202212 -1,485.143 296.797 -1,652.353
202303 -1,698.220 301.836 -1,857.878
202306 -2,058.824 305.109 -2,228.222
202309 -3,227.262 307.789 -3,462.385
202312 -3,401.880 306.746 -3,662.134
202403 -7,786.688 312.332 -8,232.476
202406 -8,716.541 314.175 -9,161.503
202409 -12,077.310 315.301 -12,648.500
202412 -1,758.613 315.605 -1,840.012
202503 -1,570.989 319.799 -1,622.147
202506 -1,728.668 322.561 -1,769.677
202509 -4,919.055 324.800 -5,001.034
202512 3,358.795 324.054 3,422.633
202603 3,537.627 330.213 3,537.627

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.

Is Boeing Co (BUE:BA) Overvalued in 2026?

Based on GuruFocus' analysis, Boeing Co stock appears to be overvalued. The current stock price of ARS13,970.00 is trading 4.2% above its estimated GF Value™ of ARS13,411.71. GuruFocus considers Boeing Co to be Fairly Valued.

Key valuation signals for BUE:BA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ARS13,411.71 vs. price of ARS13,970.00 (4.2% above fair value)
  • GF Score™: 53/100 with 3 warning signs

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


Boeing Co Business Description

Address 929 Long Bridge Drive, Arlington, VA, USA, 22202
Boeing is a major aerospace and defense firm operating in three segments: commercial airplanes; defense, space, and security; and global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with defense contractors such as Lockheed Martin and Northrop Grumman to create military aircraft, satellites, and weaponry. Global services provides aftermarket support to airlines.
53GF Score

Get the complete analysis for BUE:BA

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

ARS13,970.00
Price
ARS13,411.71
GF Value