Boeing Co (WAR:BOEG) Cyclically Adjusted PB Ratio: (As of Aug. 15, 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.

WAR:BOEG Boeing Co WAR:BOEG
65 GF Score
Price zł816.80
GF Value zł741.42
! 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  (WAR:BOEG) 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

WAR:BOEG 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.


WAR:BOEG
65GF Score
Boeing Co WAR:BOEG
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)
=28.725/333.9520*333.9520
=28.725

Current CPI (Jun. 2026) = 333.9520.

Boeing Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.564 241.428 17.379
201612 4.928 241.432 6.816
201703 0.584 243.801 0.800
201706 -12.784 244.955 -17.429
201709 6.768 246.819 9.157
201712 10.431 246.524 14.130
201803 7.787 249.554 10.421
201806 -9.315 251.989 -12.345
201809 -8.433 252.439 -11.156
201812 2.223 251.233 2.955
201903 0.826 254.202 1.085
201906 -35.209 256.143 -45.904
201909 -27.227 256.759 -35.413
201912 -56.988 256.974 -74.059
202003 -63.760 258.115 -82.493
202006 -76.952 257.797 -99.684
202009 -77.955 260.280 -100.020
202012 -117.093 260.474 -150.124
202103 -115.022 264.877 -145.018
202106 -106.000 271.696 -130.289
202109 -91.505 274.310 -111.401
202112 -94.814 278.802 -113.569
202203 -96.932 287.504 -112.592
202206 -93.393 296.311 -105.257
202209 -110.622 296.808 -124.466
202212 -98.945 296.797 -111.332
202303 -96.016 301.836 -106.232
202306 -95.816 305.109 -104.874
202309 -103.005 307.789 -111.761
202312 -105.254 306.746 -114.589
202403 -103.231 312.332 -110.377
202406 -108.719 314.175 -115.563
202409 -141.921 315.301 -150.316
202412 -19.448 315.605 -20.579
202503 -16.460 319.799 -17.188
202506 -16.263 322.561 -16.837
202509 -40.458 324.800 -41.598
202512 25.846 324.054 26.635
202603 28.259 330.213 28.579
202606 28.725 333.952 28.725

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 (WAR:BOEG) Overvalued in 2026?

Based on GuruFocus' analysis, Boeing Co stock appears to be overvalued. The current stock price of zł816.80 is trading 10.2% above its estimated GF Value™ of zł741.42.

Key valuation signals for WAR:BOEG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł741.42 vs. price of zł816.80 (10.2% above fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the WAR:BOEG 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.
65GF Score

Get the complete analysis for WAR:BOEG

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

zł816.80
Price
zł741.42
GF Value