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L3Harris TechnologiesLHX +1.16%88 EV-to-EBIT is 23.07 as of Aug. 14, 2026, which is 5% below its 10-year median of 24.20. GuruFocus rates LHX with a GF Score™ of 88/100 and a GF Value™ of $265.37 (Fairly Valued). The stock has 4 warning signs investors should review. Among 256 Aerospace & Defense companies, L3Harris Technologies ranks better than 63.67% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
L3Harris Technologies's Enterprise Value for the quarter that ended in Jun. 2026 was $64,541 Mil.
L3Harris Technologies's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,808 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Aerospace & Defense subindustry, L3Harris Technologies's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
L3Harris Technologies EV-to-EBIT vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies's EV-to-EBIT falls into.
L3Harris Technologies's current Enterprise Value is $64,787 Mil.
L3Harris Technologies's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,808 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
L3Harris Technologies (LHX) has a EV-to-EBIT of 23.07 as of Aug. 14, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on L3Harris Technologies and its competitors. This is near median its historical median of 24.20. Over the past decade, L3Harris Technologies' EV-to-EBIT has ranged from 13.62 to 36.37. According to the industry distribution chart, L3Harris Technologies ranks #93 out of 256 companies in the Aerospace & Defense industry, placing it in the top 36.3%.
Is L3Harris Technologies' EV-to-EBIT too high?
L3Harris Technologies' current EV-to-EBIT of 23.07 is near median its 10-year median of 24.20. Over the past 10 years, this metric has ranged from a low of 13.62 to a high of 36.37. The Aerospace & Defense industry median EV-to-EBIT is 29.67. L3Harris Technologies' value of 23.07 is 22.2% below this industry median. Based on the distribution chart, L3Harris Technologies ranks #93 out of 256 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, L3Harris Technologies has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does L3Harris Technologies' EV-to-EBIT compare to HONA and TDG?
According to the Aerospace & Defense industry distribution chart, L3Harris Technologies ranks #93 out of 256 companies for EV-to-EBIT. This puts L3Harris Technologies in the upper half of its industry. The industry median EV-to-EBIT is 29.67. L3Harris Technologies' value of 23.07 is 22.2% below this benchmark. Historically, L3Harris Technologies' own EV-to-EBIT has ranged from 13.62 to 36.37 over the past decade. While the company's 10-year median is 24.20 vs. the industry median of 29.67, L3Harris Technologies has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Aerospace & Defense company?
The median EV-to-EBIT among Aerospace & Defense companies is 29.67, based on 256 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. L3Harris Technologies's current EV-to-EBIT of 23.07 is 22.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on L3Harris Technologies and its competitors. For the Aerospace & Defense industry, the median EV-to-EBIT is 29.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L3Harris Technologies's current EV-to-EBIT is 23.07, which is near median its own 10-year median of 24.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L3Harris Technologies stock overvalued right now?
Based on GuruFocus' analysis, L3Harris Technologies (LHX) is currently considered Fairly Valued. The stock's GF Value™ is $265.37, compared to a current price of $291.82 — trading 10% above its estimated fair value. The current EV-to-EBIT is 23.07, which is near median its 10-year median of 24.20 and 22.2% below the Aerospace & Defense industry median of 29.67. L3Harris Technologies' overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For L3Harris Technologies (LHX), the current EV-to-EBIT is 23.07 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is L3Harris Technologies (LHX) Overvalued in 2026?
Based on GuruFocus' analysis, L3Harris Technologies stock appears to be overvalued.
The current stock price of $291.82 is trading 10% above its estimated GF Value™ of $265.37.
GuruFocus considers L3Harris Technologies to be Fairly Valued.
Key valuation signals for LHX:
EV-to-EBIT: 23.07 (near median its 10-year median of 24.20)
GF Value™: $265.37 vs. price of $291.82 (10% above fair value)
Industry Position: 22.2% below the Aerospace & Defense median (#93 of 256)
No single metric tells the full story. See the LHX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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, space-based systems, missiles, and solid rocket motors. It is also adept at refitting civilian aircraft for military use, provides military and commercial training services, and maintains the US Federal Aviation Administration's communications infrastructure.
88GF Score
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