Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

Paying user area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

GE Aerospace, P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of GE Aerospace Annual Report.


The price-to-book (P/BV) ratio exhibited considerable fluctuation between 2006 and 2026. Initially, the ratio demonstrated relative stability, followed by a period of significant volatility, and then a marked increase in later years.

Initial Stability (2006-2008)
From 2006 to 2008, the P/BV ratio remained within a narrow range, fluctuating between 2.97 and 3.17. This suggests a consistent market valuation relative to the company’s book value during this period. The share price and book value per share both increased during this time, maintaining a relatively stable ratio.
Significant Decline (2008-2016)
A substantial decrease in the P/BV ratio occurred between 2008 and 2009, dropping to 1.10, coinciding with a sharp decline in the share price. The ratio experienced further volatility in the following years, reaching a low of 1.47 in 2010 before gradually increasing to 3.47 by 2017. This period reflects increased market uncertainty and a changing perception of the company’s value. Book value per share also decreased during this period, but not as dramatically as the share price.
Volatility and Subsequent Increase (2017-2026)
Following a peak of 3.47 in 2017, the P/BV ratio declined to 1.96 in 2018, then experienced a further drop to 2.43 in 2022. However, a dramatic increase is observed from 2022 onwards, rising to 5.43 in 2023, 11.33 in 2024, and reaching 16.78 in 2026. This surge indicates a significant shift in investor sentiment, with the market placing a considerably higher premium on the company’s net asset value. The share price increased substantially during this period, while book value per share decreased.

Overall, the P/BV ratio demonstrates a complex pattern over the analyzed timeframe. The initial stability gave way to a period of volatility influenced by economic conditions and company-specific factors, culminating in a substantial increase in the ratio in the most recent years. This suggests a growing confidence in the company’s future prospects relative to its book value.


Comparison to Competitors

GE Aerospace, P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Capital Goods)


Comparison to Industry (Industrials)