GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Boeing Co (BSP:BOEI34) » Definitions » Cyclically Adjusted PB Ratio

Boeing Co (BSP:BOEI34) Cyclically Adjusted PB Ratio : (As of Jun. 08, 2024)


View and export this data going back to 2011. Start your Free Trial

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.

* Premium members only.

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)
=-138.089/131.7762*131.7762
=-138.089

Current CPI (Mar. 2024) = 131.7762.

Boeing Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 43.585 100.560 57.115
201409 47.525 100.428 62.360
201412 32.392 99.070 43.086
201503 35.786 99.621 47.337
201506 28.619 100.684 37.457
201509 39.209 100.392 51.467
201512 36.880 99.792 48.700
201603 23.368 100.470 30.649
201606 3.200 101.688 4.147
201609 10.980 101.861 14.205
201612 4.440 101.863 5.744
201703 0.490 102.862 0.628
201706 -11.316 103.349 -14.429
201709 5.695 104.136 7.207
201712 9.232 104.011 11.696
201803 6.859 105.290 8.584
201806 -9.436 106.317 -11.696
201809 -9.308 106.507 -11.516
201812 2.319 105.998 2.883
201903 0.852 107.251 1.047
201906 -36.467 108.070 -44.467
201909 -30.128 108.329 -36.649
201912 -62.832 108.420 -76.367
202003 -83.686 108.902 -101.264
202006 -107.248 108.767 -129.936
202009 -113.076 109.815 -135.689
202012 -161.819 109.897 -194.036
202103 -174.109 111.754 -205.302
202106 -143.180 114.631 -164.595
202109 -129.757 115.734 -147.743
202112 -144.023 117.630 -161.344
202203 -129.574 121.301 -140.764
202206 -126.632 125.017 -133.479
202209 -155.814 125.227 -163.964
202212 -139.414 125.222 -146.711
202303 -134.339 127.348 -139.011
202306 -124.924 128.729 -127.881
202309 -136.649 129.860 -138.666
202312 -138.534 129.419 -141.057
202403 -138.089 131.776 -138.089

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  (BSP:BOEI34) 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

Thank you for viewing the detailed overview of Boeing Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Boeing Co (BSP:BOEI34) Business Description

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 (BSP:BOEI34) Headlines

No Headlines