Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Boeing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.08%.
The historical rank and industry rank for Boeing Co's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:BA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -89.96 Med: -4.18 Max: 95.42
Current: 38.58
During the past 13 years, Boeing Co's highest ROC (Joel Greenblatt) % was 95.42%. The lowest was -89.96%. And the median was -4.18%.
XSWX:BA's ROC (Joel Greenblatt) % is ranked better than 80.51% of 354
companies
in the Aerospace & Defense industry
Industry Median: 10.77
vs XSWX:BA: 38.58
Boeing Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Boeing Co (XSWX:BA) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
The historical data trend for Boeing Co's ROC (Joel Greenblatt) % 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.
XSWX:BA vs RTX, LMT, HWM: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Boeing Co's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Boeing Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Boeing Co's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 16.08% mean?
Boeing Co (XSWX:BA) has a ROC (Joel Greenblatt) % of 16.08% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Boeing Co and its competitors. According to the industry distribution chart, Boeing Co ranks #69 out of 354 companies in the Aerospace & Defense industry, placing it in the top 19.5%.
Is Boeing Co's ROC (Joel Greenblatt) % too high?
Boeing Co's current ROC (Joel Greenblatt) % is 16.08%. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.77. Boeing Co's value of 16.08% is 49.3% above this industry median. Based on the distribution chart, Boeing Co ranks #69 out of 354 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Boeing Co has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Boeing Co's ROC (Joel Greenblatt) % compare to RTX and LMT?
According to the Aerospace & Defense industry distribution chart, Boeing Co ranks #69 out of 354 companies for ROC (Joel Greenblatt) %. This places Boeing Co in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.77. Boeing Co's value of 16.08% is 49.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for an Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.77, based on 354 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boeing Co's current ROC (Joel Greenblatt) % of 16.08% is 49.3% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Boeing Co and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boeing Co's current ROC (Joel Greenblatt) % is 16.08%. 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?
Boeing Co (XSWX:BA) has a current ROC (Joel Greenblatt) % of 16.08%. The stock's GF Value™ is CHF172.22, compared to a current price of CHF178.99 — trading 3.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.08% and 49.3% above the Aerospace & Defense industry median of 10.77. Boeing Co's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Boeing Co (XSWX:BA), the current ROC (Joel Greenblatt) % is 16.08% as of Mar. 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 (XSWX:BA) Overvalued in 2026?
Based on GuruFocus' analysis, Boeing Co stock appears to be overvalued.
The current stock price of CHF178.99 is trading 3.9% above its estimated GF Value™ of CHF172.22.
Key valuation signals for XSWX:BA:
ROC (Joel Greenblatt) %: 16.08%
GF Value™: CHF172.22 vs. price of CHF178.99 (3.9% above fair value)
Industry Position: 49.3% above the Aerospace & Defense median (#69 of 354)
No single metric tells the full story. See the XSWX:BA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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