Question 1

What is Boeing's P/FCF ratio?

Accepted Answer

Boeing (BA) P/FCF ratio is 88.8× as of July 30, 2024. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Boeing?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Boeing specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

Is Boeing's P/FCF ratio high or low?

Accepted Answer

Boeing's P/FCF ratio of 88.8× is above its own 5-year average of 40.0× and above the sector median of 24.3×. That places the current reading at the 98th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Boeing's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Boeing (BA) P/FCF ratio has ranged from a low of 6.0× in 2008 to a high of 266.5× in 2019. The 5-year average is 40.0× and the 5-year median is 29.5×.

Question 7

What was Boeing's P/FCF ratio in 2023?

Accepted Answer

Boeing (BA) P/FCF ratio at the end of 2023 was 33.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Boeing's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$166.77B	−$1.88B	—	—	Dec 31, 2025
2024	$127.10B	−$14.40B	—	—	Dec 31, 2024
2023	$149.88B	$4.43B	33.8×	-15.9×	Dec 31, 2023
2022	$113.93B	$2.29B	49.8×	—	Dec 31, 2022
2021	$118.81B	−$4.40B	—	—	Dec 31, 2021
2020	$123.03B	−$19.71B	—	—	Dec 31, 2020
2019	$183.81B	−$4.41B	—	—	Dec 31, 2019
2018	$184.04B	$13.53B	13.6×	-1.7×	Dec 31, 2018
2017	$175.93B	$11.47B	15.3×	+3.1×	Dec 31, 2017
2016	$96.55B	$7.89B	12.2×	-1.9×	Dec 31, 2016
2015	$97.60B	$6.91B	14.1×	+0.1×	Dec 31, 2015
2014	$92.95B	$6.62B	14.0×	-3.3×	Dec 31, 2014
2013	$103.25B	$5.94B	17.4×	+7.5×	Dec 31, 2013
2012	$57.13B	$5.80B	9.9×	-13.6×	Dec 31, 2012
2011	$54.27B	$2.31B	23.5×	-2.6×	Dec 31, 2011
2010	$47.57B	$1.82B	26.1×	+17.2×	Dec 31, 2010
2009	$39.13B	$4.42B	8.9×	—	Dec 31, 2009
2008	$30.25B	−$2.25B	—	—	Dec 31, 2008
2007	$65.54B	$7.85B	8.3×	-3.4×	Dec 31, 2007
2006	$68.23B	$5.82B	11.7×	+1.7×	Dec 31, 2006
2005	$54.41B	$5.45B	10.0×	-6.5×	Dec 31, 2005
2004	$40.80B	$2.48B	16.5×	+5.4×	Dec 31, 2004
2003	$34.61B	$3.14B	11.0×	+3.7×	Dec 31, 2003
2002	$24.61B	$3.37B	7.3×	-4.0×	Dec 31, 2002
2001	$31.05B	$2.75B	11.3×	—	Dec 31, 2001


Alamo Group (ALG)	18.0×
Otis Worldwide (OTIS)	17.9×
Fortive (FTV)	17.9×
Allegion (ALLE)	17.8×
Snap-on (SNA)	17.6×
FedEx (FDX)	17.3×
Norfolk Southern (NSC)	16.9×
Gorman-Rupp (GRC)	16.2×
Automatic Data Processing (ADP)	15.8×
Paychex (PAYX)	15.6×
AGCO (AGCO)	15.4×
General Dynamics (GD)	15.3×
Carlisle Companies (CSL)	14.7×
Amentum Holdings (AMTM)	14.7×
Stanley Black & Decker (SWK)	14.4×
A. O. Smith (AOS)	14.2×
Huntington Ingalls Industries (HII)	14.1×
McGrath RentCorp (MGRC)	13.9×
Pool (POOL)	12.2×
Delta Air Lines (DAL)	11.1×
Builders FirstSource (BLDR)	10.5×
United Airlines Holdings (UAL)	9.4×
Gartner (IT)	8.8×
ABM Industries (ABM)	7.2×
Versant Media Group, Inc. Class A (VSNT)	2.7×

P/FCF Ratio for Boeing (BA)

P/FCF Ratio daily chart for Boeing (BA)

Historical P/FCF Ratio for Boeing (BA) from 2001 to 2025

About P/FCF Ratio at Boeing (BA)

Boeing P/FCF Ratio by Year

Boeing P/FCF Ratio 2023: 33.8×

Boeing P/FCF Ratio 2022: 49.8×

Boeing P/FCF Ratio 2018: 13.6×

Boeing P/FCF Ratio 2017: 15.3×

Boeing P/FCF Ratio 2016: 12.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Boeing (BA) Key Financials

P/FCF Ratio daily chart for Boeing (BA)

Historical P/FCF Ratio for Boeing (BA) from 2001 to 2025

About P/FCF Ratio at Boeing (BA)

Boeing P/FCF Ratio by Year

Boeing P/FCF Ratio 2023: 33.8×

Boeing P/FCF Ratio 2022: 49.8×

Boeing P/FCF Ratio 2018: 13.6×

Boeing P/FCF Ratio 2017: 15.3×

Boeing P/FCF Ratio 2016: 12.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Boeing's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Boeing?

+Is Boeing's P/FCF ratio high or low?

+What is Boeing's historical P/FCF ratio range?

+What was Boeing's P/FCF ratio in 2023?

+Why does Boeing's P/FCF ratio change over time?

Boeing (BA) Key Financials