The Boeing Company (BA)

NYSE: BA · USD

$167

-1.29 (-0.8%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-03

Our latest published analysis: BA rated Sell

The Boeing Company's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$135 / share

Potential value

$184 / share

Upside to FV

-30.3%

from $167

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$152.9B
Revenue (ttm)	94.9B
Net income (ttm)	7.3B
EPS (ttm)	$9.28
Shares out	792.4M
P/E (trailing)	18.0x
P/E (forward)	49.5x
Volume	19,318,180
Beta	1.26

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 94.9B
Net income (ttm): 7.3B
EPS (ttm): $9.28
P/E (trailing): 18.0x
P/E (forward): 49.5x
Market cap: $152.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$62.29B	$66.61B	$77.79B	$66.52B	$89.46B	+9.5%
Gross profit	$3.05B	$3.53B	$7.72B	$-1.99B	$4.29B	+8.9%
Operating income	$-2.87B	$-3.52B	$-773.0M	$-10.71B	$4.28B	—
Net income	$-4.20B	$-4.94B	$-2.22B	$-11.82B	$2.24B	—
EPS (diluted)	$-7.15	$-8.30	$-3.67	$-18.36	$2.48	—
EBITDA	$-175.0M	$-482.0M	$-773.0M	$-7.65B	$7.36B	—
R&D	$2.25B	$2.85B	$3.38B	$3.81B	$3.62B	+12.6%
SG&A	$4.16B	$4.19B	$5.17B	$5.02B	$6.09B	+10.0%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
BMY	Bristol-Myers Squibb Company	123.6B	13.3x	2.5x	21.7%	+2.1%	+45.8%	卖出
CHTR	Charter Communications, Inc.	17.2B	2.7x	0.3x	8.5%	+1.7%	-57.3%	强力买入
CLX	The Clorox Company	10.5B	18.1x	1.6x	14.9%	-1.8%	-20.9%	买入
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	持有
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	持有
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	持有

Base and Bull scenarios

Base55%

Price target

$134.94

-30.3% from spot

The modal expected path reflects steady operational stabilization. The 737 manufacturing cadence expands toward rate 52 per month without internal factory roadblocks, lifting consolidated revenue to consensus FY2027 projections of $112,819.8M and diluted EPS to consensus $4.19. Operating leverage across BCA transforms consolidated operating margins from 1.5% in FY2026 to a normalized 8.5% by FY2030, anchored by dependable Global Services aftermarket profits ($13,474M operating profit). At a 17.0x terminal multiple and 9.86% discount rate, this operational recovery supports the composite fair value midpoint of $134.94.

Commercial narrowbody assembly achieves planned monthly delivery cadence by late FY2027 with modest assembly pause friction
Consolidated revenue expands to consensus $112,819.8M in FY2027
Consolidated diluted EPS recovers to consensus $4.19 in FY2027
Operating margin normalizes sequentially from initial recovery levels in FY2026 toward historical margins by FY2030
Terminal P/E multiple resolves at 17.0x anchored to peer General Dynamics at 17.76x
Future cash flows discounted at moderate cost of equity of 9.86%

Bull20%

Price target

$183.81

-5.0% from spot

Under the accelerated recovery scenario, commercial aircraft assembly achieves rate 52 on the 737 MAX ahead of schedule and widebody 787 production recovers to rate 10. This converts Boeing's commercial backlog of over 6,200 airplanes into upper-tier consensus FY2027 diluted EPS of $6.80. Fixed overhead absorption eliminates Commercial Airplanes operating deficits (-$7,079M in FY2025), Global Services maintains 64.4% operating margins ($13,474M operating income), and working capital converts into strong positive free cash flow. This execution drives intrinsic value toward the upper distribution bound of $183.81.

737 assembly smoothly achieves rate 52 per month and advances toward rate 57 without sub-tier bottlenecks
Widebody 787 assembly recovers to rate 10 per month supported by engine recovery
Commercial Airplanes operating losses (-$7,079M in FY2025) are eliminated by FY2027
Consolidated diluted EPS reaches the upper analyst consensus estimate of $6.80 in FY2027

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($134.94). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
8.9%	$138	$138	$138	$138	$138
9.4%	$137	$137	$137	$137	$137
9.9%	$135	$135	$135	$135	$135
10.4%	$133	$133	$133	$133	$133
10.9%	$132	$132	$132	$132	$132

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E49.5

P25 n/aP50 n/aP75 n/a

Trailing P/E69.4

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROIC-0.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All BA indicators

Market & fundamental data

Available fields

256

Groups with data

Currency

USD

Showing 256 of 256 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000012927
Company name	The Boeing Company
Country	United States
Country code	US
CUSIP number	097023105
Earnings date	2026-10-27
Earnings time	bmo
Employees	182,000
Employees change	10,000
Employees growth	5.81%
Enterprise value	$160B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1916
In index	SP500, DOW30
Industry	Aerospace & Defense
Is primary listing	Yes
Is SPAC	No
ISIN number	US0970231058
Last 10-K release date	2026-01-30
Last earnings date	2026-10-27
Last refreshed	2026-10-28
Last stock split date	1997-06-09
Last stock split type	Forward
Market cap	$132.2B
Market cap category	Large-Cap
Next earnings date	2027-01-26
Options	Yes
Price	$166.88
Price currency	USD
Sector	Industrials
SIC code	3721
Stock price date	2026-10-28
Symbol	BA
Tags	drones
U.S. state	Virginia
Website	https://www.boeing.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	19.36x
Earnings yield	5.56%
EV/Earnings	21.89x
EV/EBITDA	79.52x
EV/FCF	9,999.71x
EV/Sales	1.69x
FCF / EV yield	0.01%
FCF yield	0.01%
Forward EV/Sales	1.51x
Forward P/E	162.23x
Forward P/S	1.25x
Graham number	41.52068
Graham upside	-75.11%
Industry forward P/E	38.66x
Industry P/E	77.82x
P/(OCF - SBC) ratio	68.29x
P/B ratio	20.36x
P/E ratio	17.99x
P/FCF ratio	8,262.78x
P/OCF ratio	32.95x
P/S ratio	1.39x
PEG ratio	1.43x
Price/EBITDA ratio	65.71x
Sector forward P/E	25.99x
Sector P/E	39.88x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	-0.29%
EBITDA margin	2.12%
Effective tax rate	2.39%
FCF margin	0.02%
Gross margin	9.45%
Operating margin	-0.29%
Pretax margin	8.28%
Profit margin	8.07%
Profit per employee	$40,165
Profitable years	1
Revenue per employee	$521,500
ROA	-0.11%
ROA (5Y)	-1.3%
ROCE	-0.49%
ROIC	-0.78%
ROIC (5Y)	-6.01%
SBC / revenue	2.19%
Tax / revenue	0.2%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth 10Y	3.55%
EPS growth quarters	7
EPS growth years	1
FCF growth (Q)	94.96%
FCF growth (QoQ)	-26.47%
FCF growth 3Y	-84.86%
Gross profit growth	859.25%
Gross profit growth 3Y	1.03%
Gross profit growth 5Y	19.73%
Net income growth quarters	7
Net income growth years	1
OCF growth (Q)	33.22%
OCF growth (QoQ)	9.68%
OCF growth 10Y	-9.42%
OCF growth 3Y	-12.73%
Revenue growth	17.53%
Revenue growth (Q)	3.95%
Revenue growth (QoQ)	-1.51%
Revenue growth 10Y	0.01%
Revenue growth 3Y	7.8%
Revenue growth 5Y	8.61%
Revenue growth quarters	7
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-4B
Depreciation and amortization	$2.3B
EBIT	$-277M
EBITDA	$2B
EPS	$9.28
FCF per share	$0.02
Financing cash flow	$-11.6B
Free cash flow	$16M
Free cash flow minus SBC	$-2.1B
Gross profit	$9B
Income taxes	$188M
Investing cash flow	$10.3B
Net borrowing	$-11.2B
Net cash flow	$2.7B
Net income	$7.3B
Operating cash flow minus SBC	$1.9B
Operating income	$-277M
Revenue	$94.9B
Stock-based compensation	$2.1B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.41
Book value per share	$8.26
Debt / EBITDA	18.18
Debt / equity	7.39
Debt / FCF	3,028.88
Goodwill	$17.8B
Interest coverage	-0.11
Long-term assets	$41.5B
Long-term liabilities	$50.2B
Net cash (debt)	$-27.8B
Net cash / market cap	-21.02%
Net debt / EBITDA	13.81
Net debt / equity	4.24
Net debt / FCF	1,736.94
Piotroski F-Score	5
Property, plant and equipment	$16.7B
Shareholders' equity	$6.6B
Tangible book value	$-12.5B
Tangible book value per share	$-15.81
Total assets	$170.7B
Total cash	$20.7B
Total debt	$48.5B
Total liabilities	$164.2B
WACC	9.49%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.59
Current assets	$129.3B
Current liabilities	$114B
Current ratio	1.13
Inventory turnover	0.99
Net working capital	$-791M
Quick ratio	0.31
Working capital	$15.3B
Working capital turnover	5.56

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-4.74%
Dividend growth (10Y)	17.21%
Dividend growth (3Y)	20.57%
Dividend growth (5Y)	21.54%
Dividend per share	$0.00
Dividend yield	0%
Last dividend	$2.06
Shareholder yield	-4.74%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	16.38%
10Y return CAGR	2.38%
10Y total return	26.55%
150-day SMA	$213.59
15Y price change	146.42%
15Y return CAGR	7.68%
15Y total return	203.33%
1D price change	-0.77%
1M price change	-15.8%
1M total return	-15.8%
1W price change	-12.44%
1W total return	-12.44%
1Y price change	-25.21%
1Y return CAGR	-25.23%
1Y total return	-25.21%
20-day SMA	$187.39
200-day SMA	$217.70
20Y price change	109.16%
20Y return CAGR	5.49%
20Y total return	191.07%
3M price change	-21.14%
3M total return	-21.14%
3Y price change	-7.18%
3Y return CAGR	-2.45%
3Y total return	-7.18%
50-day SMA	$197.98
50-day SMA vs 200-day SMA	50under200
52-week high	$254.35
52-week high date	2026-01-27
52-week low	$165.01
52-week low date	2026-10-28
5Y price change	-19.28%
5Y return CAGR	-4.19%
5Y total return	-19.28%
6M price change	-27.9%
6M total return	-27.9%
All-time high	$446.01
All-time high date	2019-03-01
All-time low	$0.38
All-time low date	1974-01-08
Average true range (ATR)	$6.03
Average volume	9.7M
Beta (1Y)	1.56
Beta (2Y)	1.52
Beta (5Y)	1.26
Change from 52-week high	-34.39%
Change from 52-week low	1.13%
Change from all-time high	-62.61%
Change from all-time low	43,459.34%
Change from open	-0.57%
Day's gap	-0.21%
Dollar volume	$3.2B
High price	$170.05
Low price	$165.02
Monthly RSI	40.63
Open price	$167.83
Position in 52-week range	36.98%
Premarket change	-0.24%
Premarket close	$168.18
Premarket price	$167.78
Premarket volume	316.6K
Previous close	$168.18
Price vs 150-day SMA	-21.91%
Price vs 20-day SMA	-11%
Price vs 200-day SMA	-23.39%
Price vs 50-day SMA	-15.76%
Relative volume	1.99
RSI	24.57
Sharpe ratio	-0.75
Sharpe ratio (3Y)	-0.01
Sharpe ratio (5Y)	-0.06
Sortino ratio	-0.9
Sortino ratio (3Y)	0.14
Sortino ratio (5Y)	0.06
Volume	19.3M
Weekly RSI	29.36
YTD price change	-23.19%
YTD total return	-23.19%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	789.2M
Float percentage	99.58%
Shares change (QoQ)	0.27%
Shares change (YoY)	4.74%
Shares held by insiders	0.05%
Shares held by institutions	72.76%
Shares outstanding	792.4M
Short % of float	1.87%
Short % of shares	1.87%
Short ratio	2 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	1,878

Deeper analysis on BA

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this BA report

What is the latest published BA stock rating?

The Boeing Company is shown with Sell in the latest published report, analyzed 2026-10-03. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full BA analysis?

The full latest published report, analyzed 2026-10-03, lives at /stocks/BA/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for BA?

The latest published report analyzed 2026-10-03 gives BA a fair value of USD 135 and a potential value of USD 184. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the BA page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-03). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellBA · Fair value $135-30.3%

Read full analysis →

The Boeing Company (BA)

Our latest published analysis: BA rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · BA

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All BA indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on BA

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	1.5
Management	7.5
Balance Sheet	3.5
Profitability	7.0
Revenue Growth	6.0
Risk Assessment	4.0
Competitive Moat	6.5
Earnings Quality	3.0
Capital Efficiency	2.5