Common Stock Valuation Ratios (Price Multiples)
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Paying user area
Try for free
Boeing Co. pages available for free this week:
- Income Statement
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Boeing Co. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Current Valuation Ratios
Boeing Co., current price multiples
| Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | Capital Goods | Industrials | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||
| Current share price (P) | ||||||||||||
| No. shares of common stock outstanding | ||||||||||||
| Growth rate (g) | ||||||||||||
| Earnings per share (EPS) | ||||||||||||
| Next year expected EPS | ||||||||||||
| Operating profit per share | ||||||||||||
| Sales per share | ||||||||||||
| Book value per share (BVPS) | ||||||||||||
| Valuation Ratios (Price Multiples) | ||||||||||||
| Price to earnings (P/E) | ||||||||||||
| Price to next year expected earnings | ||||||||||||
| Price to operating profit (P/OP) | ||||||||||||
| Price to sales (P/S) | ||||||||||||
| Price to book value (P/BV) | ||||||||||||
Based on: 10-K (reporting date: 2025-12-31).
If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.
Historical Valuation Ratios (Summary)
Boeing Co., historical price multiples
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Price to earnings (P/E) | ||||||
| Price to operating profit (P/OP) | ||||||
| Price to sales (P/S) | ||||||
| Price to book value (P/BV) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
The valuation ratios exhibit varying trends over the observed period. Several ratios lack historical values, limiting comprehensive trend analysis prior to 2024. However, discernible patterns emerge from the available information, particularly regarding price relative to sales, operating profit, book value, and earnings.
- Price to Sales (P/S)
- The Price to Sales ratio demonstrates fluctuation. It began at 1.87 in 2021, increased slightly to 1.90 in 2022, then decreased to 1.66 in 2023. A subsequent increase is noted in 2024, reaching 1.98, followed by a further rise to 2.05 in 2025. This suggests an increasing valuation relative to revenue generation in the most recent period.
- Price to Operating Profit (P/OP)
- The Price to Operating Profit ratio is only available for 2025, registering at 42.88. This indicates a substantial valuation relative to the company’s operating profitability in that year. Without prior period values, it is difficult to assess whether this represents an increase or decrease.
- Price to Book Value (P/BV)
- Similar to Price to Operating Profit, the Price to Book Value ratio is only reported for 2025, at 33.65. This signifies a significant premium of market price over the net asset value per share. The absence of historical values prevents a determination of trend.
- Price to Earnings (P/E)
- The Price to Earnings ratio is only available for 2025, recorded at 97.12. This high value suggests investors have significant expectations for future earnings growth, or that the current price reflects a premium due to other factors. The lack of historical P/E ratios prevents a comparative assessment.
In summary, the available ratios for 2025 indicate a relatively high valuation across multiple metrics. However, the limited historical information restricts a thorough understanding of the company’s valuation trends and relative positioning.
Price to Earnings (P/E)
Boeing Co., historical P/E calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Net earnings (loss) attributable to Boeing common shareholders (in millions) | ||||||
| Earnings per share (EPS)2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/E ratio4 | ||||||
| Benchmarks | ||||||
| P/E Ratio, Competitors5 | ||||||
| Caterpillar Inc. | ||||||
| Eaton Corp. plc | ||||||
| GE Aerospace | ||||||
| Honeywell International Inc. | ||||||
| Lockheed Martin Corp. | ||||||
| RTX Corp. | ||||||
| P/E Ratio, Sector | ||||||
| Capital Goods | ||||||
| P/E Ratio, Industry | ||||||
| Industrials | ||||||
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 Data adjusted for splits and stock dividends.
2 2025 Calculation
EPS = Net earnings (loss) attributable to Boeing common shareholders ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Boeing Co. Annual Report.
4 2025 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The price to earnings (P/E) ratio exhibits significant fluctuation over the observed period. Initial values are unavailable for the years 2021, 2022, and 2023. A P/E ratio of 97.12 is reported for December 31, 2025.
- Share Price
- The share price demonstrated an initial increase from US$200.24 in 2021 to US$211.17 in 2022. It remained relatively stable at US$211.04 in 2023 before experiencing a substantial decline to US$175.87 in 2024. A recovery is then observed, with the share price rising to US$233.72 by the end of 2025.
- Earnings Per Share (EPS)
- Earnings per share were negative for the first four years of the period. EPS was -US$7.21 in 2021, decreasing to -US$8.25 in 2022, improving slightly to -US$3.64 in 2023, and then declining sharply to -US$15.83 in 2024. A positive EPS of US$2.41 is recorded for 2025, indicating a return to profitability.
- P/E Ratio Interpretation
- The absence of a P/E ratio for the initial three years is directly attributable to the negative earnings per share during those periods. The high P/E ratio reported in 2025, despite a recent return to profitability, suggests that investors have high expectations for future earnings growth or that the share price is relatively high compared to current earnings. The significant volatility in both share price and EPS contributes to the instability of the P/E ratio, making trend analysis challenging without further historical context.
The shift from negative to positive EPS in 2025 is a key driver of the reported P/E ratio. The substantial fluctuations in share price and earnings suggest a period of considerable uncertainty and potential re-evaluation by the market.
Price to Operating Profit (P/OP)
Boeing Co., historical P/OP calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Earnings (loss) from operations (in millions) | ||||||
| Operating profit per share2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/OP ratio4 | ||||||
| Benchmarks | ||||||
| P/OP Ratio, Competitors5 | ||||||
| Caterpillar Inc. | ||||||
| Eaton Corp. plc | ||||||
| GE Aerospace | ||||||
| Honeywell International Inc. | ||||||
| Lockheed Martin Corp. | ||||||
| RTX Corp. | ||||||
| P/OP Ratio, Sector | ||||||
| Capital Goods | ||||||
| P/OP Ratio, Industry | ||||||
| Industrials | ||||||
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 Data adjusted for splits and stock dividends.
2 2025 Calculation
Operating profit per share = Earnings (loss) from operations ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Boeing Co. Annual Report.
4 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The relationship between share price and operating profit per share, as indicated by the Price to Operating Profit (P/OP) ratio, exhibits significant fluctuations over the observed period. Initial values for the P/OP ratio are unavailable, but a value of 42.88 is recorded for December 31, 2025.
- Share Price
- The share price demonstrated an initial increase from US$200.24 in 2021 to US$211.17 in 2022. It remained relatively stable in 2023 at US$211.04 before experiencing a substantial decline to US$175.87 in 2024. A recovery is then observed in 2025, with the share price rising to US$233.72.
- Operating Profit Per Share
- Operating profit per share was negative throughout the 2021-2024 period, starting at -US$4.98 in 2021 and worsening to -US$14.27 in 2024. A significant positive shift occurs in 2025, with operating profit per share reaching US$5.45.
- Price to Operating Profit (P/OP)
- The P/OP ratio is only available for 2025, registering at 42.88. This value suggests that, in 2025, investors were willing to pay US$42.88 for each US$1 of operating profit. The absence of prior P/OP values limits the ability to assess trends, but the 2025 figure, combined with the positive operating profit per share, indicates a potential improvement in valuation relative to earnings.
The substantial negative operating profit per share values in the earlier years likely prevented the calculation of a meaningful P/OP ratio. The positive operating profit in 2025 is a key driver of the reported P/OP ratio, and its emergence suggests a potential turning point in the company’s profitability and valuation.
Price to Sales (P/S)
Boeing Co., historical P/S calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Revenues (in millions) | ||||||
| Sales per share2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/S ratio4 | ||||||
| Benchmarks | ||||||
| P/S Ratio, Competitors5 | ||||||
| Caterpillar Inc. | ||||||
| Eaton Corp. plc | ||||||
| GE Aerospace | ||||||
| Honeywell International Inc. | ||||||
| Lockheed Martin Corp. | ||||||
| RTX Corp. | ||||||
| P/S Ratio, Sector | ||||||
| Capital Goods | ||||||
| P/S Ratio, Industry | ||||||
| Industrials | ||||||
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 Data adjusted for splits and stock dividends.
2 2025 Calculation
Sales per share = Revenues ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Boeing Co. Annual Report.
4 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
The price to sales ratio exhibited a fluctuating pattern over the five-year period. Initial values indicated a relatively stable ratio, followed by a decrease and subsequent increase. Share price and sales per share both demonstrated variability throughout the period, influencing the overall P/S ratio.
- Price to Sales Ratio (P/S)
- The P/S ratio began at 1.87 in 2021 and increased slightly to 1.90 in 2022. A decrease was then observed in 2023, with the ratio falling to 1.66. This downward trend reversed in 2024, as the ratio rose to 1.98, before continuing to increase to 2.05 in 2025. This suggests a growing investor willingness to pay for each dollar of sales generated by the end of the period.
- Share Price
- The share price increased from US$200.24 in 2021 to US$211.17 in 2022, representing a period of growth. A slight decline occurred in 2023, with the price settling at US$211.04. A more substantial decrease was then recorded in 2024, falling to US$175.87. The share price recovered in 2025, reaching US$233.72, exceeding the 2022 peak.
- Sales per Share
- Sales per share showed an increasing trend from US$106.84 in 2021 to US$111.34 in 2022. This growth continued in 2023, reaching US$127.50. However, a significant decrease was observed in 2024, with sales per share falling to US$88.68. A recovery was then noted in 2025, with sales per share increasing to US$113.92, though remaining below the 2023 level.
The interplay between share price and sales per share significantly impacted the P/S ratio. The decrease in the ratio in 2023 coincided with increasing sales per share and a relatively stable share price, suggesting increased sales were not fully reflected in investor valuation. The increase in 2024 and 2025 occurred despite a partial recovery in sales per share, indicating a greater emphasis on price appreciation by investors.
Price to Book Value (P/BV)
Boeing Co., historical P/BV calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Shareholders’ equity (deficit) (in millions) | ||||||
| Book value per share (BVPS)2 | ||||||
| Share price1, 3 | ||||||
| Valuation Ratio | ||||||
| P/BV ratio4 | ||||||
| Benchmarks | ||||||
| P/BV Ratio, Competitors5 | ||||||
| Caterpillar Inc. | ||||||
| Eaton Corp. plc | ||||||
| GE Aerospace | ||||||
| Honeywell International Inc. | ||||||
| Lockheed Martin Corp. | ||||||
| RTX Corp. | ||||||
| P/BV Ratio, Sector | ||||||
| Capital Goods | ||||||
| P/BV Ratio, Industry | ||||||
| Industrials | ||||||
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 Data adjusted for splits and stock dividends.
2 2025 Calculation
BVPS = Shareholders’ equity (deficit) ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Boeing Co. Annual Report.
4 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The price to book value ratio exhibits a notable shift over the observed period. Initial values are unavailable for the years 2021, 2022, and 2023. However, a value of 33.65 is recorded for December 31, 2025.
- Share Price
- The share price demonstrates fluctuation. It increased from US$200.24 in 2021 to US$211.17 in 2022, remaining relatively stable at US$211.04 in 2023. A significant decrease is then observed in 2024, falling to US$175.87, before recovering to US$233.72 in 2025.
- Book Value Per Share
- The book value per share is consistently negative from 2021 through 2023, starting at -US$25.73 and declining to -US$28.24. A substantial change occurs in 2024, with the value increasing to -US$5.21, and becoming positive in 2025 at US$6.94. This indicates a significant improvement in the company’s net asset value relative to its shares outstanding.
- Price to Book Value Ratio
- The absence of a P/BV ratio for the initial three years suggests either a lack of reported data or a calculation that was not meaningful given the negative book values. The reported ratio of 33.65 in 2025, coupled with the positive book value per share in that year, suggests that the market values the company at a substantial premium relative to its net asset value. The substantial change in book value per share from negative values to a positive value is a key driver of this ratio becoming calculable and reaching a high value.
The transition from negative to positive book value per share is a critical development. The P/BV ratio in 2025 indicates a strong market confidence in the company’s future earnings potential relative to its book value.