Is Boeing Co (BA) undervalued or overvalued?

Our model estimates a fair value of about $95 against a price of $190.21 (Data under review, +0% to fair value). It blends a 10-year DCF, sector multiples and earnings-power value and is a model estimate, not advice.

What is the X-Ray Score for BA?

Boeing Co has an X-Ray Score of 27 out of 100, built from valuation, growth, profitability, financial health and dividend lenses ranked against Industrials peers.

Where does the data for BA come from?

Financial statements come from SEC EDGAR filings, prices from exchange price feeds, and industry betas and equity risk premium from Damodaran Online (NYU Stern).

Boeing Co (BA)

Industrials · Aerospace & Defense · US stock · S&P 500 component

$190.21 ▲ +1.48 (0.78%)

At close 16 Oct 2026 · USD · Volume 7,300,200

Compare with GD Historical data Research report SEC filings

Fair valueData under review

$95

$48fair band $67–$124$143

Day's range

$187.67 – $191.93

52-week range

$176.77 – $254.35

Red flags⚠ Heavy dilution

About Boeing Co

Commercial jetliners, military aircraft, helicopters, satellites and space systems are designed and built by Boeing, an aerospace company that also offers related services. Commercial airplanes are ordered by airlines and aircraft leasing companies, while its defense and space business serves the United States government and allied customers. A global services unit provides parts, maintenance, modifications and training. The company is organised into these three main businesses.

Boeing earns its revenue from aircraft deliveries, defense and space contracts, and recurring services, and the total reached $94.0 billion over the last twelve months. Revenue has grown at 10.3% a year across the last three years. The operating margin is 4.9%, the business earns 13% on the capital invested in it, and net debt is 3.8 times EBITDA. The dividend yield is 0.2%. On the site's X-Ray Score it receives 27 out of 100.

Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.

Price chart

Historical data & CSV

52-wk range $176.77 – $254.35Volume 7,300,200Daily, split-adjusted

Vitals

Market cap$150.4B

52-week range$176.77 – $254.35

Volume (last day)7,300,200

P/E (TTM)60.6

EBIT / EV yield2.6%

Free-cash-flow yield-0.1%

Dividend yield0.2%

Revenue (TTM)$94.0B

Net income (TTM)$2.4B

Operating margin4.9%

Return on capital12.7%

Debt incl. leases$45.9B

Cash & securities$20.0B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$95model spread $89 – $101

Data under review +0.0% to fair value

Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.

Earnings are far above the company's own 3-year history, so models would extrapolate a possible peak

Price $190

Undervalued < $67Fair $67 – $124Overvalued > $124

10-year DCF (market-scaled)

$79

Peer multiples

$90

Earnings power floor (not blended)

$-85

Fundamentals-adjusted multiple

$116

Growth the price implies

24.5%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.

What this means

Read the lenses below

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 24 The price is not above fair value $95 fair value Debt looks manageable 3.8× EBITDA Revenue has been growing 10.3% a year Profits are backed by cash There are no red flags 1 raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.

Valuation Weak

8/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield2.6%

Free-cash-flow yield-0.1%

Fair value vs price0.5×

Growth Fair

68/100

Growing at a typical pace for its sector.

See the numbers →

Revenue growth (3y)10.3%

Growth consistency60%

Profitability Weak

14/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital12.7%

Operating margin4.9%

Gross profitability2.7%

Financial health Weak

34/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score6 / 9

Net debt / EBITDA3.8×

Interest coverNo interest cost

Dividends Weak

12/100

Dividend is modest or less certain than peers.

See the numbers →

Dividend yield0.2%

Quarterly results: last 6 quarters

+17.7%

Mar '25

+34.9%

Jun '25

+30.4%

Sep '25

+57.1%

Dec '25

+14.0%

Mar '26

+8.0%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $24.6B, diluted EPS $-0.67.

Compare with peers

GD General Dynamics Corp69 TXT Textron Inc65 LHX L3harris Technologies,...59 LMT Lockheed Martin Corp57

Other Aerospace & Defense companies by X-Ray Score.

Fundamentals checklist

● 2 Good · ● 3 Average · ● 9 Bad

Cash quality

Earnings backed by cashBad

Free-cash-flow yieldBad

Risk models

Altman Z''Bad

Piotroski F-ScoreAverage

Growth

Revenue growth (3y)Good

Growth consistencyBad

Balance sheet

Current ratioAverage

Net debt / EBITDABad

Interest coverGood

Valuation

Fair value vs priceBad

EBIT / EV yieldBad

Profitability

Return on invested capitalAverage

Operating marginBad

Gross profitabilityBad

Each check is graded against the company's sector, not a fixed number. Checklist score 25/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$62.3B	$66.6B	$77.8B	$66.5B	$89.5B
Operating income	−$2.9B	−$3.5B	−$773M	−$10.7B	$4.3B
Net income	−$4.2B	−$4.9B	−$2.2B	−$11.8B	$2.2B
Operating cash flow	−$3.4B	$3.5B	$6.0B	−$12.1B	$1.1B
Operating margin	-4.6%	-5.3%	-1.0%	-16.1%	4.8%
Free cash flow	−$4.4B	$2.3B	$4.4B	−$14.3B	−$1.9B
Diluted EPS	$-7.15	$-8.30	$-3.67	$-18.36	$2.48

Fiscal years, from SEC filings.

Technical summary

Daily

Bearish

3 bullish · 4 neutral · 9 bearish

Weekly

Strongly bearish

0 bullish · 1 neutral · 11 bearish

Monthly

Strongly bearish

1 bullish · 1 neutral · 6 bearish

Moving averages (daily)

SMA 10	188.9	Bullish
EMA 10	189.2	Bullish
SMA 20	191.3	Bearish
EMA 20	192.3	Bearish
SMA 50	205.4	Bearish
EMA 50	201.3	Bearish
SMA 100	212.8	Bearish
EMA 100	208.6	Bearish
SMA 200	219.5	Bearish
EMA 200	212.4	Bearish

Oscillators (daily)

RSI (14)	43.54	Neutral
MACD (12, 26)	-4.71	Bearish
Momentum (12)	2.24	Bullish
Stochastic %K (14)	50.41	Neutral
Williams %R (14)	-49.59	Neutral
CCI (20)	-25.69	Neutral

Pivot points (classic, last session)

183.7

185.7

187.9

Pivot

189.9

192.2

194.2

196.5

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.