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Boeing Co (FRA:BCO) Cyclically Adjusted PB Ratio : (As of May. 22, 2024)


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What is Boeing Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Boeing Co Cyclically Adjusted PB Ratio Historical Data

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.

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Boeing Co Cyclically Adjusted PB Ratio Chart

Boeing Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.79 63.49 4,116.82 - -

Boeing Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Boeing Co's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.



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 Mar. 2024 is calculated as:

For example, Boeing Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-25.511/131.7762*131.7762
=-25.511

Current CPI (Mar. 2024) = 131.7762.

Boeing Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.346 100.560 18.799
201409 15.775 100.428 20.699
201412 9.943 99.070 13.226
201503 10.526 99.621 13.924
201506 8.195 100.684 10.726
201509 8.950 100.392 11.748
201512 8.724 99.792 11.520
201603 5.674 100.470 7.442
201606 0.832 101.688 1.078
201609 3.007 101.861 3.890
201612 1.255 101.863 1.624
201703 0.147 102.862 0.188
201706 -3.056 103.349 -3.897
201709 1.525 104.136 1.930
201712 2.368 104.011 3.000
201803 1.696 105.290 2.123
201806 -2.142 106.317 -2.655
201809 -1.941 106.507 -2.402
201812 0.525 105.998 0.653
201903 0.196 107.251 0.241
201906 -8.370 108.070 -10.206
201909 -6.641 108.329 -8.078
201912 -13.777 108.420 -16.745
202003 -15.500 108.902 -18.756
202006 -18.356 108.767 -22.239
202009 -17.778 109.815 -21.333
202012 -25.855 109.897 -31.002
202103 -25.954 111.754 -30.604
202106 -23.633 114.631 -27.168
202109 -20.893 115.734 -23.789
202112 -22.540 117.630 -25.251
202203 -23.642 121.301 -25.684
202206 -23.732 125.017 -25.015
202209 -30.012 125.227 -31.582
202212 -25.090 125.222 -26.403
202303 -24.090 127.348 -24.928
202306 -23.756 128.729 -24.318
202309 -25.926 129.860 -26.309
202312 -25.927 129.419 -26.399
202403 -25.511 131.776 -25.511

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.


Boeing Co  (FRA:BCO) 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

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Boeing Co (FRA:BCO) Business Description

Industry
Address
929 Long Bridge Drive, Arlington, VA, USA, 22202
Boeing is a major aerospace and defense firm. It operates in four segments: commercial airplanes; defense, space, and security; Global services; and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upward. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.

Boeing Co (FRA:BCO) Headlines