Question 1

What is L3Harris Technologies's P/B ratio?

Accepted Answer

L3Harris Technologies (LHX) P/B ratio is 2.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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 P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for L3Harris Technologies?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For L3Harris Technologies specifically, the relevant sector benchmark is the current sector median of 5.0×.

Question 5

Is L3Harris Technologies's P/B ratio high or low?

Accepted Answer

L3Harris Technologies's P/B ratio of 2.9× is above its own 5-year average of 2.3× and below the sector median of 5.0×. That places the current reading at the 92th 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 P/B ratio range?

Accepted Answer

In the available daily series, L3Harris Technologies (LHX) P/B ratio has ranged from a low of 1.4× in 2002 to a high of 6.7× in 2019. The 5-year average is 2.3× and the 5-year median is 2.2×.

Question 7

What was L3Harris Technologies's P/B ratio in 2026?

Accepted Answer

L3Harris Technologies (LHX) P/B ratio at the end of 2026 was 2.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does L3Harris Technologies's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$56.94B	$19.64B	2.9×	+0.9×	Jan 2, 2026
2025	$39.79B	$19.51B	2.0×	—	Jan 3, 2025
2023	$39.93B	$18.77B	2.1×	-0.0×	Dec 29, 2023
2022	$39.71B	$18.52B	2.1×	-0.0×	Dec 30, 2022
2021	$41.60B	$19.21B	2.2×	—	Dec 31, 2021
2019	$43.51B	$22.59B	1.9×	-2.6×	Dec 31, 2019
2018	$15.44B	$3.41B	4.5×	-1.1×	Dec 28, 2018
2017	$16.79B	$2.99B	5.6×	+1.6×	Dec 29, 2017
2016	$12.68B	$3.16B	4.0×	—	Dec 30, 2016
2015	$7.44B	$1.81B	4.1×	—	Jan 2, 2015
2013	$7.46B	$1.71B	4.4×	+1.4×	Dec 27, 2013
2012	$5.43B	$1.82B	3.0×	+1.2×	Dec 28, 2012
2011	$4.05B	$2.24B	1.8×	-0.5×	Dec 30, 2011
2010	$5.70B	$2.50B	2.3×	—	Dec 31, 2010
2009	$5.23B	$2.14B	2.4×	—	Jan 2, 2009
2007	$8.28B	$2.21B	3.7×	+0.4×	Dec 28, 2007
2006	$5.93B	$1.80B	3.3×	-0.0×	Dec 29, 2006
2005	$5.56B	$1.66B	3.3×	+0.4×	Dec 30, 2005
2004	$3.99B	$1.36B	2.9×	—	Dec 31, 2004
2002	$1.65B	$1.16B	1.4×	-0.3×	Dec 27, 2002
2001	$1.93B	$1.12B	1.7×	—	Dec 28, 2001


PACCAR (PCAR)	3.1×
Franklin Electric Co. (FELE)	3.0×
Huntington Ingalls Industries (HII)	2.9×
Brady (BRC)	2.9×
Fortive (FTV)	2.9×
Southwest Airlines (LUV)	2.7×
Xylem (XYL)	2.6×
FedEx (FDX)	2.5×
Axon Enterprise (TASR)	2.4×
Builders FirstSource (BLDR)	2.3×
McGrath RentCorp (MGRC)	2.2×
Tennant (TNC)	2.2×
Delta Air Lines (DAL)	2.1×
AGCO (AGCO)	2.0×
Textron (TXT)	1.9×
Archer Aviation (ACHR)	1.9×
United Airlines Holdings (UAL)	1.9×
Alamo Group (ALG)	1.7×
Matthews International (MATW)	1.6×
MDU Resources Group (MDU)	1.5×
Amentum Holdings (AMTM)	1.4×
ABM Industries (ABM)	1.4×
Stanley Black & Decker (SWK)	1.2×
Alaska Air Group (ALK)	1.1×
Versant Media Group, Inc. Class A (VSNT)	0.7×

P/B Ratio for L3Harris Technologies (LHX)

P/B Ratio daily chart for L3Harris Technologies (LHX)

Historical P/B Ratio for L3Harris Technologies (LHX) from 2001 to 2026

About P/B Ratio at L3Harris Technologies (LHX)

L3Harris Technologies P/B Ratio by Year

L3Harris Technologies P/B Ratio 2026: 2.9×

L3Harris Technologies P/B Ratio 2025: 2.0×

L3Harris Technologies P/B Ratio 2023: 2.1×

L3Harris Technologies P/B Ratio 2022: 2.1×

L3Harris Technologies P/B Ratio 2021: 2.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

L3Harris Technologies (LHX) Key Financials

P/B Ratio daily chart for L3Harris Technologies (LHX)

Historical P/B Ratio for L3Harris Technologies (LHX) from 2001 to 2026

About P/B Ratio at L3Harris Technologies (LHX)

L3Harris Technologies P/B Ratio by Year

L3Harris Technologies P/B Ratio 2026: 2.9×

L3Harris Technologies P/B Ratio 2025: 2.0×

L3Harris Technologies P/B Ratio 2023: 2.1×

L3Harris Technologies P/B Ratio 2022: 2.1×

L3Harris Technologies P/B Ratio 2021: 2.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is L3Harris Technologies's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for L3Harris Technologies?

+Is L3Harris Technologies's P/B ratio high or low?

+What is L3Harris Technologies's historical P/B ratio range?

+What was L3Harris Technologies's P/B ratio in 2026?

+Why does L3Harris Technologies's P/B ratio change over time?

L3Harris Technologies (LHX) Key Financials