L3Harris Technologies, Inc.

NYSE:LHX Stock Report

Market Cap: US$64.0b

L3Harris Technologies Valuation

Is LHX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of LHX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: LHX ($347.81) is trading below our estimate of future cash flow value ($378.46)

Significantly Below Future Cash Flow Value: LHX is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LHX?

Key metric: As LHX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LHX. This is calculated by dividing LHX's market cap by their current earnings.
What is LHX's PE Ratio?
PE Ratio37x
EarningsUS$1.76b
Market CapUS$64.03b

Price to Earnings Ratio vs Peers

How does LHX's PE Ratio compare to its peers?

The above table shows the PE ratio for LHX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.3x
TDG TransDigm Group
43.8x13.26%US$81.6b
HWM Howmet Aerospace
62.5x14.98%US$88.6b
GD General Dynamics
23.3x7.55%US$96.9b
NOC Northrop Grumman
23.6x5.37%US$93.8b
LHX L3Harris Technologies
37x13.61%US$64.0b

Price-To-Earnings vs Peers: LHX is good value based on its Price-To-Earnings Ratio (37x) compared to the peer average (38.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does LHX's PE Ratio compare vs other companies in the US Aerospace & Defense Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ETCC Environmental Tectonics
1.6xn/aUS$18.06m
No more companies available in this PE range
LHX 37.0xIndustry Avg. 41.7xNo. of Companies9PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LHX is good value based on its Price-To-Earnings Ratio (37x) compared to the US Aerospace & Defense industry average (41.7x).

Price to Earnings Ratio vs Fair Ratio

What is LHX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LHX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37x
Fair PE Ratio30.1x

Price-To-Earnings vs Fair Ratio: LHX is expensive based on its Price-To-Earnings Ratio (37x) compared to the estimated Fair Price-To-Earnings Ratio (30.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LHX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$347.81
US$357.39
+2.75%
9.24%US$400.00US$283.00n/a18
Jan ’27US$293.57
US$335.15
+14.16%
7.54%US$369.00US$283.00n/a20
Dec ’26US$272.32
US$334.16
+22.71%
7.61%US$369.00US$279.00n/a19
Nov ’26US$289.10
US$332.89
+15.15%
7.04%US$369.00US$279.00n/a18
Oct ’26US$300.47
US$302.44
+0.66%
8.35%US$327.00US$250.00n/a18
Sep ’26US$277.62
US$302.58
+8.99%
8.13%US$327.00US$250.00n/a19
Aug ’26US$278.26
US$299.95
+7.79%
8.45%US$327.00US$250.00n/a19
Jul ’26US$252.18
US$262.31
+4.02%
7.80%US$324.00US$212.00n/a21
Jun ’26US$244.34
US$258.39
+5.75%
8.21%US$324.00US$212.00n/a22
May ’26US$219.91
US$256.90
+16.82%
8.34%US$324.00US$212.00n/a22
Apr ’26US$209.75
US$257.13
+22.59%
9.33%US$324.00US$198.00n/a22
Mar ’26US$206.11
US$257.63
+24.99%
9.30%US$324.00US$198.00n/a22
Feb ’26US$212.01
US$265.14
+25.06%
10.34%US$324.00US$198.00n/a22
Jan ’26US$210.28
US$277.35
+31.90%
8.99%US$324.00US$206.00US$293.5723
Dec ’25US$246.25
US$279.96
+13.69%
8.73%US$324.00US$206.00US$272.3223
Nov ’25US$247.48
US$276.70
+11.81%
9.12%US$324.00US$206.00US$289.1023
Oct ’25US$245.29
US$254.83
+3.89%
9.60%US$324.00US$185.00US$300.4722
Sep ’25US$236.67
US$255.30
+7.87%
9.51%US$324.00US$185.00US$277.6222
Aug ’25US$229.22
US$256.60
+11.94%
9.74%US$324.00US$185.00US$278.2621
Jul ’25US$221.96
US$250.25
+12.75%
9.46%US$324.00US$185.00US$252.1822
Jun ’25US$224.83
US$248.97
+10.74%
9.50%US$324.00US$185.00US$244.3422
May ’25US$211.75
US$246.61
+16.46%
9.83%US$324.00US$185.00US$219.9123
Apr ’25US$208.56
US$244.30
+17.14%
10.34%US$324.00US$184.00US$209.7522
Mar ’25US$209.81
US$244.94
+16.74%
11.17%US$338.00US$184.00US$206.1122
Feb ’25US$209.48
US$243.86
+16.41%
11.61%US$338.00US$184.00US$212.0122
Jan ’25US$210.62
US$235.13
+11.64%
13.51%US$338.00US$162.00US$210.2823
US$357.39
Fair Value
2.7% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/21 04:43
End of Day Share Price 2026/01/21 00:00
Earnings2025/10/03
Annual Earnings2025/01/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

L3Harris Technologies, Inc. is covered by 42 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Peter ArmentBaird
David StraussBarclays