The Boeing Company (BA) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of The Boeing Company stock $47.71, price $177, that is 73.0% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $115.86 – $264.27 · fair‑value band $19.18 – $61.86 · the $177.00 price screens above the $47.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow The Boeing in your weekly email
Every Wednesday you see whether The Boeing is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide.
Show moreShow less
The company operates through three segments: Commercial Airplanes; Defense, Space & Security; and Global Services. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for passenger and cargo requirements.
The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration.
The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers.
The Boeing Company was incorporated in 1916 and is based in Arlington, Virginia.
Stock analysis
The Boeing Company (BA) currently trades at $177.00, while our model-based Fair Value estimate is $47.71, 73% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of $48.83 per share, and 0 of the 8 models we run sit above the $177.00 price.
Bear case: the Dividend Discount group reads lowest at $5.25, and 8 of the 8 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $19.18 (bear) to $61.86 (bull), the price of $177.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
The Boeing Company reported revenue of $89.5B in FY2025 versus $62.3B in FY2021, a compound +9.5%/yr. Reported net income was $2.2B in FY2025.
Key figures
Market cap $140B Large · P/E ratio 18.4 · P/S ratio 1.48 · EPS (TTM) $9.63 · Dividend yield 0.2% · Net margin 8.1% · Return on equity 174% · Return on assets (EBIT) −3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (medium confidence).
What moves the price
Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic.
The share trades about 30% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at −73%, BA screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($5.25 to $59.23). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$19.18Fair Value $47.71Bull$61.86
Price $177.00 · Downside -73.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($8.15 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors bought shares worth $1.8M, most recently on Oct 30, 2026. Buying cluster
BuySteven M MollenkopfDirector2,950 shares at $173.03$510,427Oct 30, 2026
BuyMortimer J BuckleyDirector2× since Mar 3, 2026: 8,050 shares, avg. $186.14$1.5MOct 30, 2026
BuyBradley D TildenDirector1,370 shares at $218.50$299,345May 20, 2026
SaleUma M AmuluruEVP and Chief HR Officer3× since Nov 6, 2025: 5,601 shares, avg. $226.06$1.3MFeb 24, 2026
SaleAnn M SchmidtSVP, Chief Com & Brand Officer6,281 shares at $243.37$1.5MFeb 17, 2026
SaleHoward E McKenzieChief Engineer & EVP, ET&T10,497 shares at $233.99$2.5MFeb 5, 2026
BuyDana S DeasyCIDO, SVP IDT&S554 shares at $178.89$99,105Nov 24, 2025
Plus 4 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+34.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
Start year 2020 (pandemic). Over 10 years: −0.7% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: Low margins, negative free cash flow and operational issues undermine business quality, while defense contracts provide partial stability.
Main risk: State-backed Comac with its C919 and upcoming C929 could offer lower-cost alternatives and secure orders from Asian airlines, reducing demand for Boeing's narrowbody and widebody jets.
Bull case: Boeing could leverage its scale and certification expertise to retain key airline customers while partnering with suppliers to diversify sourcing and accelerate production recovery.
Bear case: If Comac gains traction in Asia and supplier disruptions persist, Boeing might lose significant commercial backlog share and face prolonged production shortfalls that force greater reliance on defense contracts.
Boeing just won certification for the largest 737 MAX variant and landed fresh defense awards. Production is rising yet analysts still forecast a quarterly loss as the company works through ramp-up issues. Our models see the stock as overvalued. Will the new programs lift margins faster than commercial airplane losses drag them down?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 241 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−73.0% · Bottom 25%
Profitability
Return on equity (12 months)173.5% · Top 25%
Return on assets1.3% · Below median
Net margin (12 months)8.1% · Above median
Operating margin (12 months)0.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)3.9% · Below median
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity8.37× · Highest 25%
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/E (12 months)18.4× · Cheapest 25%
P/B25.67× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)1.48× · Cheaper than median
EV/EBITDA86.8× · Priciest 25%
PEG1.52× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)20· sector 64
PAST (return on equity)100· sector 40
HEALTH (low debt)0· sector 94
DIVIDEND (yield)5· sector 18
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "The Boeing Company Fair Value". https://www.fairvalue-calculator.com/stock/BA
Frequently asked questions
Is The Boeing Company (BA) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $47.71 versus a price of $177.00, about 73% lower (overvalued).
What is the fair value of BA?
Our model-based fair value for The Boeing Company is $47.71 (as of Nov 5, 2026), built from audited fundamentals. The current price: $177.00.
What is the quality score of BA?
The Boeing Company has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for The Boeing Company (BA)?
Our model-based price target is the fair value of $47.71 (as of Nov 5, 2026) from 9 valuation models. Cautious scenario $19.18, optimistic scenario $61.86. It is a calculation from audited fundamentals, not an analyst target.
What is the The Boeing Company stock forecast for 2026?
Our models put fair value at $47.71, about 73% lower versus a price of $177.00 (overvalued). Cautious scenario $19.18, optimistic scenario $61.86. The calculation is refreshed regularly with new filings.
What is the revenue of The Boeing Company (BA)?
The Boeing Company reported trailing-twelve-month revenue of about $94.9B (latest available figure, as of Nov 5, 2026).
Does The Boeing Company pay a dividend?
The Boeing Company currently shows a dividend yield of 0.24% relative to its recent price (as of Nov 5, 2026).
What is the intrinsic value of The Boeing Company (BA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For The Boeing Company it is $47.71 per share (as of Nov 5, 2026), against a price of $177.00. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is The Boeing Company stock overvalued or undervalued in 2026?
As of Nov 5, 2026, BA trades above its calculated fair value: price $177.00, fair value $47.71, a gap of about −73% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BA?
No. The price is what the market pays today ($177.00); the fair value is what the company's own numbers justify ($47.71). For The Boeing Company the two are $129.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is The Boeing Company worth?
The market values The Boeing Company at about $140B (market capitalisation, as of Nov 5, 2026). Per share that is $177.00; our models calculate a fair value of $47.71 per share.
What do the bullish and bearish scenarios say about BA?
Our models span a range for The Boeing Company: cautious scenario $19.18, base $47.71, optimistic $61.86 per share (as of Nov 5, 2026, price $177.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BA?
The Boeing Company trades at a price-to-earnings ratio of 18.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $47.71 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 148.7 (reported for FY2025: 63.0). Other multiples: PEG 1.5, P/B 25.7, P/S 1.5, EV/EBITDA 86.8.
What is the PEG ratio of BA?
The PEG ratio of The Boeing Company is 1.52 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of The Boeing Company (BA)?
Balance-sheet figures for The Boeing Company (as of Nov 5, 2026): return on equity 173.5%, debt of 8.37 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is BA from its 52-week high?
The Boeing Company trades at $177.00, about 30% below its 52-week high of $252.15 and 6% above the low of $167.14 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $47.71 is for.
Which stocks are comparable to The Boeing Company?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is The Boeing Company stock attractive at the current price?
The data as of Nov 5, 2026: price $177.00, calculated fair value $47.71 (−73%), Quality Score 41/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BA calculated?
We run The Boeing Company through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $47.71, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6% above its aggregate fair value. The Boeing Company itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of The Boeing Company (BA)?
The closing price on Nov 4, 2026 was $177.00. Our model-based fair value is $47.71, about 73% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with The Boeing Company right now?
The price sits above even our optimistic bull case ($61.86). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($19.18 to $61.86). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of The Boeing Company
How large is the market capitalisation of The Boeing Company (BA)?
The market capitalisation of The Boeing Company is $140B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of The Boeing Company (BA)?
The price-to-sales ratio of The Boeing Company is 1.48 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of The Boeing Company (BA)?
Earnings per share at The Boeing Company are $9.63 (price ÷ EPS = P/E 18.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of The Boeing Company (BA)?
The dividend yield of The Boeing Company is 0.2% (payout 4.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of The Boeing Company (BA)?
The net margin of The Boeing Company is 8.1% (last twelve months), excl. one-off gain FY2025 1.1%. How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of The Boeing Company (BA)?
The return on equity (ROE) of The Boeing Company is 174% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of The Boeing Company (BA)?
On an EBIT basis the return on assets of The Boeing Company is −3.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of The Boeing Company (BA)?
The operating margin of The Boeing Company is 0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at The Boeing Company (BA)?
Revenue at The Boeing Company is growing +3.9% versus a year earlier (3y avg +10.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at The Boeing Company (BA)?
Earnings per share at The Boeing Company are growing −68.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does The Boeing Company (BA) generate?
The free cash flow of The Boeing Company is −$1.9B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does The Boeing Company (BA) carry?
The net debt of The Boeing Company is $43.5B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch The Boeing Company in the live analysis
One click puts The Boeing Company on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 5, 2026
