Boeing Co (FRA:BCO0) Cyclically Adjusted PB Ratio: (As of Aug. 07, 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.
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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.

FRA:BCO0 Boeing Co FRA:BCO0
67 GF Score
Price €24.40
GF Value €22.24
Valuation Fairly Valued
! 4 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  (FRA:BCO0) 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
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 0.00 0.00 0.00 0.00 0.00

FRA:BCO0 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.


FRA:BCO0
67GF Score
Boeing Co FRA:BCO0
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 Jun. 2026 is calculated as:

For example, Boeing Co'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)
=0.85/333.9520*333.9520
=0.850

Current CPI (Jun. 2026) = 333.9520.

Boeing Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.381 241.428 0.527
201612 0.159 241.432 0.220
201703 0.019 243.801 0.026
201706 -0.388 244.955 -0.529
201709 0.193 246.819 0.261
201712 0.300 246.524 0.406
201803 0.215 249.554 0.288
201806 -0.272 251.989 -0.360
201809 -0.246 252.439 -0.325
201812 0.067 251.233 0.089
201903 0.025 254.202 0.033
201906 -1.062 256.143 -1.385
201909 -0.842 256.759 -1.095
201912 -1.748 256.974 -2.272
202003 -1.966 258.115 -2.544
202006 -2.328 257.797 -3.016
202009 -2.255 260.280 -2.893
202012 -3.280 260.474 -4.205
202103 -3.292 264.877 -4.150
202106 -2.998 271.696 -3.685
202109 -2.650 274.310 -3.226
202112 -2.859 278.802 -3.425
202203 -2.999 287.504 -3.484
202206 -3.010 296.311 -3.392
202209 -3.807 296.808 -4.283
202212 -3.183 296.797 -3.581
202303 -3.056 301.836 -3.381
202306 -3.013 305.109 -3.298
202309 -3.289 307.789 -3.569
202312 -3.289 306.746 -3.581
202403 -3.236 312.332 -3.460
202406 -3.442 314.175 -3.659
202409 -4.357 315.301 -4.615
202412 -0.633 315.605 -0.670
202503 -0.519 319.799 -0.542
202506 -0.480 322.561 -0.497
202509 -1.175 324.800 -1.208
202512 0.752 324.054 0.775
202603 0.833 330.213 0.842
202606 0.850 333.952 0.850

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 (FRA:BCO0) Overvalued in 2026?

Based on GuruFocus' analysis, Boeing Co stock appears to be overvalued. The current stock price of €24.40 is trading 9.7% above its estimated GF Value™ of €22.24. GuruFocus considers Boeing Co to be Fairly Valued.

Key valuation signals for FRA:BCO0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €22.24 vs. price of €24.40 (9.7% above fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the FRA:BCO0 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.
67GF Score

Get the complete analysis for FRA:BCO0

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

€24.40
Price
€22.24
GF Value