Boeing Co (WBO:BA) Cyclically Adjusted PS Ratio: 1.49 (As of Jul. 11, 2026) — Near Median


WBO:BA Boeing Co WBO:BA
64 GF Score
Price €194.48
GF Value €183.26
Valuation Fairly Valued
! 3 Warning Signs
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What is Boeing Co Cyclically Adjusted PS Ratio?

Boeing Co WBO:BA -0.29% 64 Cyclically Adjusted PS Ratio is 1.49 as of Jul. 11, 2026, which is 5% above its 10-year median of 1.42. GuruFocus rates WBO:BA with a GF Score™ of 64/100 and a GF Value™ of €183.26 (Fairly Valued). The stock has 3 warning signs investors should review. Among 224 Aerospace & Defense companies, Boeing Co ranks better than 74.55% on this metric.

As of today (2026-07-11), Boeing Co's current share price is €194.48. Boeing Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €130.62. Boeing Co's Cyclically Adjusted PS Ratio for today is 1.49.

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

WBO:BA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.42   Max: 3.35
Current: 1.44

During the past years, Boeing Co's highest Cyclically Adjusted PS Ratio was 3.35. The lowest was 0.70. And the median was 1.42.

WBO:BA's Cyclically Adjusted PS Ratio is ranked better than
74.55% of 224 companies
in the Aerospace & Defense industry
Industry Median: 3.15 vs WBO:BA: 1.44

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Boeing Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €24.388. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €130.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boeing Co  (WBO:BA) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Boeing Co Cyclically Adjusted PS Ratio Related Terms


Boeing Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Boeing Co's Cyclically Adjusted PS 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 PS Ratio Chart

Boeing Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.23 1.65 1.13 1.42

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 PS 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 1.09 1.34 1.39 1.42 1.29

WBO:BA vs LMT, HWM, GD: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, Boeing Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Aerospace & Defense Industry

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

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


WBO:BA
64GF Score
Boeing Co WBO:BA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Boeing Co Cyclically Adjusted PS Ratio Calculation

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

Boeing Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=194.48/130.62
=1.49

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=24.388/330.2130*330.2130
=24.388

Current CPI (Mar. 2026) = 330.2130.

Boeing Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 34.680 241.018 47.514
201609 33.654 241.428 46.030
201612 33.555 241.432 45.894
201703 33.097 243.801 44.828
201706 33.693 244.955 45.420
201709 33.559 246.819 44.898
201712 34.653 246.524 46.417
201803 31.790 249.554 42.065
201806 35.314 251.989 46.276
201809 37.143 252.439 48.586
201812 43.145 251.233 56.708
201903 35.470 254.202 46.076
201906 24.685 256.143 31.823
201909 31.906 256.759 41.034
201912 28.541 256.974 36.675
202003 27.064 258.115 34.624
202006 18.511 257.797 23.711
202009 21.205 260.280 26.902
202012 21.802 260.474 27.639
202103 21.850 264.877 27.240
202106 23.921 271.696 29.073
202109 22.063 274.310 26.559
202112 22.201 278.802 26.295
202203 21.481 287.504 24.672
202206 26.472 296.311 29.501
202209 27.026 296.808 30.068
202212 31.561 296.797 35.114
202303 27.795 301.836 30.408
202306 30.108 305.109 32.585
202309 27.937 307.789 29.972
202312 33.197 306.746 35.737
202403 24.871 312.332 26.295
202406 25.424 314.175 26.722
202409 25.976 315.301 27.205
202412 19.689 315.605 20.600
202503 23.937 319.799 24.716
202506 26.068 322.561 26.686
202509 26.083 324.800 26.518
202512 26.271 324.054 26.770
202603 24.388 330.213 24.388

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 1.49 mean?
Boeing Co (WBO:BA) has a Cyclically Adjusted PS Ratio of 1.49 as of Jul. 11, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Boeing Co and its competitors. This is near median its historical median of 1.42. Over the past decade, Boeing Co's Cyclically Adjusted PS Ratio has ranged from 0.70 to 3.35. According to the industry distribution chart, Boeing Co ranks #57 out of 224 companies in the Aerospace & Defense industry, placing it in the top 25.4%.
Is Boeing Co's Cyclically Adjusted PS Ratio too high?
Boeing Co's current Cyclically Adjusted PS Ratio of 1.49 is near median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 3.35. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 3.15. Boeing Co's value of 1.49 is 52.7% below this industry median. Based on the distribution chart, Boeing Co ranks #57 out of 224 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Boeing Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boeing Co's Cyclically Adjusted PS Ratio compare to LMT and HWM?
According to the Aerospace & Defense industry distribution chart, Boeing Co ranks #57 out of 224 companies for Cyclically Adjusted PS Ratio. This puts Boeing Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.15. Boeing Co's value of 1.49 is 52.7% below this benchmark. Historically, Boeing Co's own Cyclically Adjusted PS Ratio has ranged from 0.70 to 3.35 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 3.15, Boeing Co has consistently been below 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 PS Ratio for an Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 3.15, based on 224 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boeing Co's current Cyclically Adjusted PS Ratio of 1.49 is 52.7% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Boeing Co and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boeing Co's current Cyclically Adjusted PS Ratio is 1.49, which is near median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boeing Co stock overvalued right now?
Based on GuruFocus' analysis, Boeing Co (WBO:BA) is currently considered Fairly Valued. The stock's GF Value™ is €183.26, compared to a current price of €194.48 — trading 6.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.49, which is near median its 10-year median of 1.42 and 52.7% below the Aerospace & Defense industry median of 3.15. Boeing Co's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Boeing Co (WBO:BA), the current Cyclically Adjusted PS Ratio is 1.49 as of Jul. 11, 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 Boeing Co (WBO:BA) Overvalued in 2026?

Based on GuruFocus' analysis, Boeing Co stock appears to be overvalued. The current stock price of €194.48 is trading 6.1% above its estimated GF Value™ of €183.26. GuruFocus considers Boeing Co to be Fairly Valued.

Key valuation signals for WBO:BA:

  • Cyclically Adjusted PS Ratio: 1.49 (near median its 10-year median of 1.42)
  • GF Value™: €183.26 vs. price of €194.48 (6.1% above fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 52.7% below the Aerospace & Defense median (#57 of 224)

No single metric tells the full story. See the WBO: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.
64GF Score

Get the complete analysis for WBO:BA

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

€194.48
Price
€183.26
GF Value