Stock Analysis on Net

RTX Corp. (NYSE:RTX)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

RTX Corp., 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 RTX Corp. Annual Report.


The price-to-book value (P/BV) ratio for the observed period exhibits considerable fluctuation. Initially, the ratio demonstrates a generally stable pattern, followed by a period of volatility and then a more recent upward trend.

Initial Period (2006-2008)
The P/BV ratio begins at 3.39 and increases to 3.92 before declining slightly to 3.28. This suggests a relatively consistent valuation of the company’s stock in relation to its book value during these years. The fluctuations within this period are moderate.
Period of Decline and Recovery (2009-2011)
A notable decrease is observed in 2009, with the P/BV ratio falling to 2.82. This is followed by a recovery, reaching 3.65 by 2011. This period likely reflects market conditions impacting investor sentiment and valuation.
Stabilization and Subsequent Decline (2012-2015)
From 2012 to 2015, the P/BV ratio remains relatively stable, fluctuating between 3.14 and 3.49. However, a significant drop occurs in 2016, with the ratio decreasing to 2.59. This decline may indicate a shift in investor perception or underlying financial performance.
Volatility and Recent Increase (2016-2025)
Following the 2016 decline, the P/BV ratio experiences further volatility, reaching a low of 1.53 in 2021. A substantial increase is then observed, culminating in a ratio of 4.09 in 2025. This recent surge suggests a significant re-evaluation of the company’s stock relative to its book value, potentially driven by improved performance or market expectations.

Overall, the P/BV ratio demonstrates a cyclical pattern with periods of stability, decline, and growth. The most recent years show a marked increase, indicating a potentially positive shift in market valuation. The earlier period between 2006 and 2008 shows a relatively stable valuation, while the period around 2009 reflects a significant market event impacting the ratio. The ratio’s movement does not appear consistently correlated with changes in book value per share, suggesting other factors influence the market’s assessment of the company.


Comparison to Competitors

RTX Corp., 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)