Is The Boeing Co. overvalued or undervalued?

As of 24 July 2019, The Boeing Co. has moved from a valuation grade of very expensive to risky. The company is currently considered overvalued based on its financial metrics. Key ratios include a Price to Book Value of -74.73, an EV to EBITDA of -33.54, and a ROCE of -38.17%.
In comparison to peers, RTX Corp. has a P/E ratio of 46.92, while Honeywell International, Inc. shows a P/E of 32.76, highlighting the significant disparity in valuation. The Boeing Co.'s negative financial indicators, particularly its loss-making status and negative book value, further reinforce its overvaluation. Despite a year-to-date stock return of 13.73% compared to the S&P 500's 2.44%, the underlying financial health suggests caution for potential investors.