Boeing Co (BA) is overvalued and GE Aerospace (GE) is overvalued.
Both trade above our estimate of their intrinsic value. BA is the closer of the two: -295%, against -329% for GE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.2% (average of 3 methods) values the shares at $50.02; the price of $197.72 is 295% above that value, and 72% of that value comes from beyond year five.
Leak Score 29/100 on 9 of 12 signals
Discounting its cash flows at 11.1% (average of 3 methods) values the shares at $74.38; the price of $319.22 is 329% above that value, and 68% of that value comes from beyond year five.
Leak Score 51/100 on 9 of 12 signals
| Metric | BA | GE |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $197.72 | $319.22 |
| Intrinsic value | $50.02 | $74.38 |
| Margin of safety | -295% | -329% |
| Leak Score | 29/100 (9/12) | 51/100 (9/12) |
| Market cap | $156.3B | $331.2B |
| Revenue growth, 5 years | 9.0% | -9.6% |
| Operating margin | -5.4% | 18.5% |
| Net margin | 2.2% | 17.7% |
| Return on equity | 173.6% | 48.8% |
| Debt to equity | 7.52 | 1.15 |
| P/E | 90.0x | 37.6x |
| Forward P/E | 50.0x | 35.1x |
| P/B | 25.6x | 18.8x |
| Dividend yield | 0.0% | 0.6% |