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L3Harris TechnologiesLHX +0.32%92 EV-to-OCF is 18.04 as of Aug. 31, 2026, which is 24% below its 10-year median of 23.82. GuruFocus rates LHX with a GF Score™ of 92/100 and a GF Value™ of $266.25 (Fairly Valued). The stock has 4 warning signs investors should review. Among 358 Aerospace & Defense companies, L3Harris Technologies ranks worse than 59.5% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, L3Harris Technologies's Enterprise Value is $59,387 Mil.
L3Harris Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $3,292 Mil. Therefore, L3Harris Technologies's EV-to-OCF for today is 18.04.
The historical rank and industry rank for L3Harris Technologies's EV-to-OCF or its related term are showing as below:
LHX'
s EV-to-OCF Range Over the Past 10 Years
Min: 13.93 Med: 23.82 Max: 77.75
Current: 18.04
During the past 13 years, the highest EV-to-OCF of L3Harris Technologies was 77.75. The lowest was 13.93. And the median was 23.82.
LHX's EV-to-OCF is ranked worse than 59.5% of 358
companies
in the Aerospace & Defense industry
Industry Median: 13.66
vs LHX: 18.04
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
L3Harris Technologies's PE Ratio (TTM) for today is calculated as:
L3Harris Technologies's share price for today is $262.82.
L3Harris Technologies's Earnings per Share (Diluted) 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 $9.900.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies's EV-to-OCF falls into.
L3Harris Technologies's current Enterprise Value is $59,387 Mil.
L3Harris Technologies's Cash Flow from Operations 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 $3,292 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-OCF of 18.04 as of Aug. 31, 2026. This is 24% below median its historical median of 23.82. Over the past decade, L3Harris Technologies' EV-to-OCF has ranged from 13.93 to 77.75. According to the industry distribution chart, L3Harris Technologies ranks #213 out of 358 companies in the Aerospace & Defense industry, placing it in the top 59.5%.
Is L3Harris Technologies' EV-to-OCF too high?
L3Harris Technologies' current EV-to-OCF of 18.04 is 24% below median its 10-year median of 23.82. Over the past 10 years, this metric has ranged from a low of 13.93 to a high of 77.75. The Aerospace & Defense industry median EV-to-OCF is 13.66. L3Harris Technologies' value of 18.04 is 32.1% above this industry median. Based on the distribution chart, L3Harris Technologies ranks #213 out of 358 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, L3Harris Technologies has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does L3Harris Technologies' EV-to-OCF compare to AXON and HONA?
According to the Aerospace & Defense industry distribution chart, L3Harris Technologies ranks #213 out of 358 companies for EV-to-OCF. This places L3Harris Technologies in the lower half of its industry. The industry median EV-to-OCF is 13.66. L3Harris Technologies' value of 18.04 is 32.1% above this benchmark. Historically, L3Harris Technologies' own EV-to-OCF has ranged from 13.93 to 77.75 over the past decade. While the company's 10-year median is 23.82 vs. the industry median of 13.66, L3Harris Technologies has consistently been above 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-OCF for an Aerospace & Defense company?
The median EV-to-OCF among Aerospace & Defense companies is 13.66, based on 358 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. L3Harris Technologies's current EV-to-OCF of 18.04 is 32.1% above 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median EV-to-OCF is 13.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L3Harris Technologies's current EV-to-OCF is 18.04, which is 24% below median its own 10-year median of 23.82. 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 $266.25, compared to a current price of $262.82 — trading 1.3% below its estimated fair value. The current EV-to-OCF is 18.04, which is 24% below median its 10-year median of 23.82 and 32.1% above the Aerospace & Defense industry median of 13.66. L3Harris Technologies' overall GF Score™ is 92/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For L3Harris Technologies (LHX), the current EV-to-OCF is 18.04 as of Aug. 31, 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 undervalued.
The current stock price of $262.82 is trading 1.3% below its estimated GF Value™ of $266.25.
GuruFocus considers L3Harris Technologies to be Fairly Valued.
Key valuation signals for LHX:
EV-to-OCF: 18.04 (24% below median its 10-year median of 23.82)
GF Value™: $266.25 vs. price of $262.82 (1.3% below fair value)
Industry Position: 32.1% above the Aerospace & Defense median (#213 of 358)
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.
92GF Score
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