General Electric (GE) Could Be 17% Overvalued After Philippine Airlines Engine Deal

General Electric (GE) is under scrutiny after Philippine Airlines selected its GEnx 1B engines for a future Boeing 787 10 fleet, bringing attention to its commercial aerospace division. Despite recent share price momentum, a popular narrative suggests GE is 17.3% overvalued, with a fair value pegged around $307 compared to its current price of $360.07. While the valuation is considered stretched by some, its P/E ratio is close to fair value, but risks from Boeing's production issues or supply chain bottlenecks could impact its story.