Question 1

What is L3Harris Technologies's P/E ratio?

Accepted Answer

L3Harris Technologies (LHX) P/E ratio is 31.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For L3Harris Technologies specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

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

Accepted Answer

L3Harris Technologies's P/E ratio of 31.0× is below its own 5-year average of 31.8× and above the sector median of 27.8×. That places the current reading at the 41th 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/E ratio range?

Accepted Answer

In the available daily series, L3Harris Technologies (LHX) P/E ratio has ranged from a low of 7.4× in 2011 to a high of 200.2× in 2009. The 5-year average is 31.8× and the 5-year median is 32.1×.

Question 7

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

Accepted Answer

L3Harris Technologies (LHX) P/E ratio at the end of 2026 was 35.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$1.61B	35.5×	+9.0×	Jan 2, 2026
2025	$39.8B	$1.5B	26.5×	—	Jan 3, 2025
2023	$39.9B	$1.23B	32.5×	-4.8×	Dec 29, 2023
2022	$39.7B	$1.06B	37.4×	+14.9×	Dec 30, 2022
2021	$41.6B	$1.85B	22.5×	—	Dec 31, 2021
2019	$43.5B	$1.33B	32.6×	+14.5×	Dec 31, 2019
2018	$15.4B	$851M	18.1×	-15.0×	Dec 28, 2018
2017	$16.8B	$506M	33.2×	+14.1×	Dec 29, 2017
2016	$12.7B	$665M	19.1×	+5.2×	Dec 30, 2016
2015	$7.44B	$537M	13.9×	—	Jan 2, 2015
2013	$7.46B	$412M	18.1×	—	Dec 27, 2013
2012	$5.43B	-$261M	—	—	Dec 28, 2012
2011	$4.05B	$528M	7.7×	-1.3×	Dec 30, 2011
2010	$5.7B	$633M	9.0×	-7.9×	Dec 31, 2010
2009	$5.23B	$310M	16.9×	—	Jan 2, 2009
2007	$8.28B	$517M	16.0×	-1.7×	Dec 28, 2007
2006	$5.93B	$336M	17.7×	-10.5×	Dec 29, 2006
2005	$5.56B	$197M	28.2×	+3.0×	Dec 30, 2005
2004	$3.99B	$159M	25.1×	—	Dec 31, 2004
2002	$1.65B	$85.3M	19.3×	—	Dec 27, 2002


Pentair (PNR)	21.1×
Lennox International (LII)	20.6×
Copart (CPRT)	20.4×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Andersons (ANDE)	19.0×
Carlisle Companies (CSL)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
FedEx (FDX)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
Honeywell International (HON)	17.5×
A. O. Smith (AOS)	17.4×
Textron (TXT)	16.6×
Northrop Grumman (NOC)	16.1×
United Parcel Service (UPS)	15.9×
Delta Air Lines (DAL)	15.5×
ABM Industries (ABM)	15.2×
Masco (MAS)	14.6×
Upwork (UPWK)	12.9×
United Airlines Holdings (UAL)	12.7×
AGCO (AGCO)	10.9×

P/E Ratio for L3Harris Technologies (LHX) 2002-2026

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

Historical P/E Ratio for L3Harris Technologies (LHX) from 2002 to 2026

About P/E Ratio at L3Harris Technologies (LHX)

L3Harris Technologies P/E Ratio by Year

L3Harris Technologies P/E Ratio 2026: 35.5×

L3Harris Technologies P/E Ratio 2025: 26.5×

L3Harris Technologies P/E Ratio 2023: 32.5×

L3Harris Technologies P/E Ratio 2022: 37.4×

L3Harris Technologies P/E Ratio 2021: 22.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

L3Harris Technologies (LHX) Key Financials