Question 1

What is L3Harris Technologies's EV/EBITDA ratio?

Accepted Answer

L3Harris Technologies (LHX) EV/EBITDA ratio is 16.7× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for L3Harris Technologies?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For L3Harris Technologies specifically, the relevant sector benchmark is the current sector median of 15.9×.

Question 5

Is L3Harris Technologies's EV/EBITDA ratio high or low?

Accepted Answer

L3Harris Technologies's EV/EBITDA ratio of 16.7× is below its own 5-year average of 17.0× and above the sector median of 15.9×. That places the current reading at the 40th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is L3Harris Technologies's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, L3Harris Technologies (LHX) EV/EBITDA ratio has ranged from a low of 3.9× in 2012 to a high of 28.3× in 2019. The 5-year average is 17.0× and the 5-year median is 17.5×.

Question 7

What was L3Harris Technologies's EV/EBITDA ratio in 2026?

Accepted Answer

L3Harris Technologies (LHX) EV/EBITDA ratio at the end of 2026 was 17.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does L3Harris Technologies's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$56.9B	$3.75B	17.9×	+3.2×	Jan 2, 2026
2025	$39.8B	$3.56B	14.6×	—	Jan 3, 2025
2023	$39.9B	$2.93B	18.2×	-0.5×	Dec 29, 2023
2022	$39.7B	$2.49B	18.7×	+4.9×	Dec 30, 2022
2021	$41.6B	$3.52B	13.8×	—	Dec 31, 2021
2019	$43.5B	$2.28B	22.1×	+8.8×	Dec 31, 2019
2018	$15.4B	$1.42B	13.3×	-1.6×	Dec 28, 2018
2017	$16.8B	$1.36B	14.9×	+3.2×	Dec 29, 2017
2016	$12.7B	$1.43B	11.7×	+3.6×	Dec 30, 2016
2015	$7.44B	$1.07B	8.1×	—	Jan 2, 2015
2013	$7.46B	$980M	9.0×	+4.6×	Dec 27, 2013
2012	$5.43B	$1.62B	4.3×	-0.9×	Dec 28, 2012
2011	$4.05B	$1.16B	5.2×	-0.5×	Dec 30, 2011
2010	$5.7B	$1.2B	5.7×	-0.6×	Dec 31, 2010
2009	$5.23B	$911M	6.3×	—	Jan 2, 2009
2007	$8.28B	$761M	11.6×	+2.0×	Dec 28, 2007
2006	$5.93B	$651M	9.6×	-4.6×	Dec 29, 2006
2005	$5.56B	$422M	14.2×	+1.0×	Dec 30, 2005
2004	$3.99B	$316M	13.2×	—	Dec 31, 2004
2002	$1.65B	$164M	10.1×	—	Dec 27, 2002


Republic Services (RSG)	13.2×
Honeywell International (HON)	13.2×
Stanley Black & Decker (SWK)	13.2×
Copart (CPRT)	13.0×
Carlisle Companies (CSL)	12.8×
Equifax (EFX)	12.7×
Snap-on (SNA)	12.4×
Northrop Grumman (NOC)	12.2×
A. O. Smith (AOS)	12.1×
Brady (BRC)	12.1×
Canadian National Railway (CNI)	12.0×
Textron (TXT)	10.7×
Masco (MAS)	10.6×
Amentum Holdings (AMTM)	10.5×
FedEx (FDX)	10.5×
Andersons (ANDE)	10.2×
ABM Industries (ABM)	10.0×
McGrath RentCorp (MGRC)	9.3×
United Parcel Service (UPS)	9.1×
Delta Air Lines (DAL)	9.1×
Alamo Group (ALG)	8.4×
AGCO (AGCO)	7.7×
United Airlines Holdings (UAL)	7.3×
Matthews International (MATW)	7.0×
Upwork (UPWK)	6.9×

EV/EBITDA for L3Harris Technologies (LHX) 2002-2026

EV/EBITDA daily chart for L3Harris Technologies (LHX)

Historical EV/EBITDA for L3Harris Technologies (LHX) from 2002 to 2026

About EV/EBITDA at L3Harris Technologies (LHX)

L3Harris Technologies EV/EBITDA by Year

L3Harris Technologies EV/EBITDA 2026: 17.9×

L3Harris Technologies EV/EBITDA 2025: 14.6×

L3Harris Technologies EV/EBITDA 2023: 18.2×

L3Harris Technologies EV/EBITDA 2022: 18.7×

L3Harris Technologies EV/EBITDA 2021: 13.8×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

L3Harris Technologies (LHX) Key Financials