Question 1

What is Boeing's P/B ratio?

Accepted Answer

Boeing (BA) P/B ratio is 28.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Boeing?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Boeing specifically, the relevant sector benchmark is the current sector median of 4.6×.

Question 5

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

Accepted Answer

Boeing's P/B ratio of 28.5× is below its own 5-year average of 28.9× and above the sector median of 4.6×. That places the current reading at the 5th 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/B ratio range?

Accepted Answer

In the available daily series, Boeing (BA) P/B ratio has ranged from a low of 2.5× in 2002 to a high of 1776.1× in 2019. The 5-year average is 28.9× and the 5-year median is 28.9×.

Question 7

What was Boeing's P/B ratio in 2025?

Accepted Answer

Boeing (BA) P/B ratio at the end of 2025 was 30.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$167B	$5.45B	30.6×	—	Dec 31, 2025
2024	$127B	-$3.91B	—	—	Dec 31, 2024
2023	$150B	-$17.2B	—	—	Dec 31, 2023
2022	$114B	-$15.9B	—	—	Dec 31, 2022
2021	$119B	-$15B	—	—	Dec 31, 2021
2020	$123B	-$18.3B	—	—	Dec 31, 2020
2019	$184B	-$8.62B	—	—	Dec 31, 2019
2018	$184B	$339M	542.9×	+47.3×	Dec 31, 2018
2017	$176B	$355M	495.6×	+377.4×	Dec 31, 2017
2016	$96.5B	$817M	118.2×	+102.8×	Dec 31, 2016
2015	$97.6B	$6.34B	15.4×	+4.7×	Dec 31, 2015
2014	$93B	$8.67B	10.7×	+3.8×	Dec 31, 2014
2013	$103B	$14.9B	6.9×	-2.8×	Dec 31, 2013
2012	$57.1B	$5.87B	9.7×	-5.7×	Dec 31, 2012
2011	$54.3B	$3.52B	15.4×	-1.8×	Dec 31, 2011
2010	$47.6B	$2.77B	17.2×	-1.2×	Dec 31, 2010
2009	$39.1B	$2.13B	18.4×	—	Dec 31, 2009
2008	$30.3B	-$1.29B	—	—	Dec 31, 2008
2007	$65.5B	$9B	7.3×	-7.1×	Dec 31, 2007
2006	$68.2B	$4.74B	14.4×	+9.5×	Dec 31, 2006
2005	$54.4B	$11.1B	4.9×	+1.3×	Dec 31, 2005
2004	$40.8B	$11.3B	3.6×	-0.6×	Dec 31, 2004
2003	$34.6B	$8.14B	4.3×	+1.1×	Dec 31, 2003
2002	$24.6B	$7.7B	3.2×	—	Dec 31, 2002


Thomson Reuters (TRI)	3.3×
Snap-on (SNA)	3.2×
Ingersoll Rand (IR)	3.1×
PACCAR (PCAR)	3.1×
Franklin Electric Co. (FELE)	3.0×
Huntington Ingalls Industries (HII)	2.9×
Brady (BRC)	2.9×
Delta Air Lines (DAL)	2.8×
United Airlines Holdings (UAL)	2.7×
Xylem (XYL)	2.6×
FedEx (FDX)	2.6×
Upwork (UPWK)	2.5×
McGrath RentCorp (MGRC)	2.2×
Tennant (TNC)	2.2×
Serve Robotics (SERV)	2.0×
AGCO (AGCO)	2.0×
Textron (TXT)	1.9×
Andersons (ANDE)	1.9×
Archer Aviation (ACHR)	1.9×
Alamo Group (ALG)	1.7×
Matthews International (MATW)	1.6×
Redwire (RDW)	1.5×
Amentum Holdings (AMTM)	1.4×
ABM Industries (ABM)	1.4×
Stanley Black & Decker (SWK)	1.2×

P/B Ratio for Boeing (BA) 2002-2026

P/B Ratio daily chart for Boeing (BA)

Historical P/B Ratio for Boeing (BA) from 2002 to 2025

About P/B Ratio at Boeing (BA)

Boeing P/B Ratio by Year

Boeing P/B Ratio 2025: 30.6×

Boeing P/B Ratio 2018: 542.9×

Boeing P/B Ratio 2017: 495.6×

Boeing P/B Ratio 2016: 118.2×

Boeing P/B Ratio 2015: 15.4×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Boeing (BA) Key Financials