RTX (BUE:RTX) Cyclically Adjusted PB Ratio: 4.06 (As of Jul. 27, 2026) — 73% Above Median

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BUE:RTX RTX Corp BUE:RTX
72 GF Score
Price ARS67,975.00
GF Value ARS47,953.71
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is RTX Cyclically Adjusted PB Ratio?

RTX BUE:RTX +2.53% 72 Cyclically Adjusted PB Ratio is 4.06 as of Jul. 27, 2026, which is 73% above its 10-year median of 2.35. GuruFocus rates BUE:RTX with a GF Score™ of 72/100 and a GF Value™ of ARS47,953.71 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 214 Aerospace & Defense companies, RTX ranks worse than 55.61% on this metric.

As of today (2026-07-27), RTX's current share price is ARS67975.00. RTX's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS16,727.64. RTX's Cyclically Adjusted PB Ratio for today is 4.06.

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

BUE:RTX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 2.35   Max: 4.04
Current: 3.98

During the past years, RTX's highest Cyclically Adjusted PB Ratio was 4.04. The lowest was 1.38. And the median was 2.35.

BUE:RTX's Cyclically Adjusted PB Ratio is ranked worse than
55.61% of 214 companies
in the Aerospace & Defense industry
Industry Median: 3.54 vs BUE:RTX: 3.98

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 ARS364,745.253. 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 ARS16,727.64 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RTX  (BUE:RTX) 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

BUE:RTX 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.


BUE:RTX
72GF Score
RTX Corp BUE:RTX
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
=67975.00/16727.64
=4.06

* 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)
=364745.253/333.9520*333.9520
=364,745.253

Current CPI (Jun. 2026) = 333.9520.

RTX Quarterly Data

Book Value per Share CPI Adj_Book
201609 2,643.749 241.428 3,656.930
201612 2,703.080 241.432 3,738.937
201703 2,654.773 243.801 3,636.436
201706 2,935.443 244.955 4,001.948
201709 3,278.483 246.819 4,435.866
201712 3,537.615 246.524 4,792.205
201803 3,844.896 249.554 5,145.222
201806 4,888.283 251.989 6,478.266
201809 7,375.099 252.439 9,756.532
201812 8,413.466 251.233 11,183.618
201903 9,007.169 254.202 11,832.960
201906 10,551.603 256.143 13,756.882
201909 13,108.375 256.759 17,049.327
201912 14,444.027 256.974 18,770.816
202003 14,121.024 258.115 18,269.935
202006 15,063.033 257.797 19,512.756
202009 16,713.000 260.280 21,443.598
202012 19,324.964 260.474 24,776.409
202103 21,317.667 264.877 26,876.918
202106 22,338.396 271.696 27,456.981
202109 23,291.653 274.310 28,355.853
202112 24,707.815 278.802 29,595.284
202203 26,157.596 287.504 30,383.513
202206 28,703.283 296.311 32,349.520
202209 33,170.359 296.808 37,321.459
202212 41,523.743 296.797 46,721.958
202303 49,210.386 301.836 54,446.477
202306 59,756.168 305.109 65,405.123
202309 84,689.898 307.789 91,888.797
202312 81,343.721 306.746 88,558.281
202403 191,645.061 312.332 204,910.965
202406 198,539.612 314.175 211,037.481
202409 218,212.621 315.301 231,120.552
202412 228,047.520 315.605 241,304.559
202503 245,436.142 319.799 256,298.145
202506 276,723.062 322.561 286,495.330
202509 326,718.274 324.800 335,924.326
202512 352,764.302 324.054 363,539.238
202603 344,088.204 330.213 347,984.313
202606 364,745.253 333.952 364,745.253

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 4.06 mean?
RTX (BUE:RTX) has a Cyclically Adjusted PB Ratio of 4.06 as of Jul. 27, 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 73% above median its historical median of 2.35. Over the past decade, RTX's Cyclically Adjusted PB Ratio has ranged from 1.38 to 4.04. According to the industry distribution chart, RTX ranks #119 out of 214 companies in the Aerospace & Defense industry, placing it in the top 55.6%.
Is RTX's Cyclically Adjusted PB Ratio too high?
RTX's current Cyclically Adjusted PB Ratio of 4.06 is 73% 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 4.04. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.54. RTX's value of 4.06 is 14.7% above this industry median. Based on the distribution chart, RTX ranks #119 out of 214 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, RTX has a GF Score™ of 72/100 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 214 companies for Cyclically Adjusted PB Ratio. This places RTX in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.54. RTX's value of 4.06 is 14.7% above this benchmark. Historically, RTX's own Cyclically Adjusted PB Ratio has ranged from 1.38 to 4.04 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 3.54, 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 3.54, based on 214 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 4.06 is 14.7% 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 3.54 — 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 4.06, which is 73% 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 (BUE:RTX) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS47,953.71, compared to a current price of ARS67,975.00 — trading 41.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.06, which is 73% above median its 10-year median of 2.35 and 14.7% above the Aerospace & Defense industry median of 3.54. RTX's overall GF Score™ is 72/100 with 5 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 (BUE:RTX), the current Cyclically Adjusted PB Ratio is 4.06 as of Jul. 27, 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 (BUE:RTX) Overvalued in 2026?

Based on GuruFocus' analysis, RTX stock appears to be overvalued. The current stock price of ARS67,975.00 is trading 41.8% above its estimated GF Value™ of ARS47,953.71. GuruFocus considers RTX to be Significantly Overvalued.

Key valuation signals for BUE:RTX:

  • Cyclically Adjusted PB Ratio: 4.06 (73% above median its 10-year median of 2.35)
  • GF Value™: ARS47,953.71 vs. price of ARS67,975.00 (41.8% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 14.7% above the Aerospace & Defense median (#119 of 214)

No single metric tells the full story. See the BUE:RTX 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.
72GF Score

Get the complete analysis for BUE:RTX

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

ARS67,975.00
Price
ARS47,953.71
GF Value