Is The Boeing Co. overvalued or undervalued?

As of 24 July 2019, the valuation grade for The Boeing Co. moved from fair to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued given its negative valuation ratios, including a Price to Book Value of -74.73 and an EV to EBITDA of -33.54. Additionally, its Return on Capital Employed (ROCE) stands at -38.17%, reflecting significant operational challenges. In comparison to its peers, The Boeing Co. has a much lower EV to EBITDA ratio than RTX Corp. at 22.55 and Honeywell International, Inc. at 22.85, both of which are rated fair. The company's stock has underperformed relative to the S&P 500 over the 1-week, 1-month, and 3-year periods, although it has outperformed on a year-to-date and 1-year basis. This mixed performance further emphasizes the risks associated with its current valuation.