L3Harris Technologies, Inc. (LHX) Valuation
Historical valuation analysis based on 1281 data points (2021-09-10 to 2026-10-16)
In addition to its legacy software-defined radio franchise, L3Harris Technologies has, through a series of acquisitions, established franchises producing uncrewed aerial vehicles, sensors, avionics...
L3Harris Technologies, Inc. (LHX) currently trades at a P/E ratio of 24.69 (historical range: 20.70–48.16, median: 34.68), placing it at the 11th percentile — cheap relative to its history, P/S ratio of 2.02 (range: 1.65–3.57, 15th percentile — cheap relative to its history), EV/EBITDA of 24.03 (range: 20.79–48.81, 20th percentile).
L3Harris Technologies, Inc. trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 24.69 | 34.68 | 11th | cheap relative to its history |
| P/S Ratio | 2.02 | 2.37 | 15th | cheap relative to its history |
| EV/EBITDA | 24.03 | 32.90 | 20th | below its historical average |
| FCF Yield | 6.07% | 4.09% | 96th | cheap relative to its history |
L3Harris Technologies, Inc. (LHX) Valuation & P/E History
L3Harris Technologies, Inc. (LHX) is a US-listed stock operating in the Technology sector, specifically the Search, Detection, Navigation, Guidance, Aeronautical Sys industry currently trading at $247.99 with a market capitalization of $46.2 billion. This page provides historical valuation analysis for LHX based on 1281 data points covering 2021-09-10 to 2026-10-16. The P/E ratio of 24.69 is below the historical median of 34.68, placing LHX at the 11th percentile of its valuation range. The P/S ratio of 2.02 compares to a median of 2.37.
LHX Valuation Metrics & Historical Range
The valuation table above shows L3Harris Technologies, Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether LHX is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests LHX is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for L3Harris Technologies, Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is LHX Overvalued or Undervalued?
L3Harris Technologies, Inc. trades well below its historical valuation range across most metrics. The overall valuation percentile of 15 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive LHX is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full LHX analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.LHX trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.