Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, L3Harris Technologies's Enterprise Value is $53,347 Mil.
L3Harris Technologies's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,764 Mil. Therefore, L3Harris Technologies's EV-to-EBIT ratio for today is 30.24.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, L3Harris Technologies's Enterprise Value is $53,347 Mil.
L3Harris Technologies's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $2,930 Mil. Therefore, L3Harris Technologies's EV-to-EBITDA ratio for today is 18.21.
L3Harris Technologies Enterprise Value Historical Data
The historical data trend for L3Harris Technologies's Enterprise Value can be seen below:
* 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.
Competitive Comparison of L3Harris Technologies's Enterprise Value
For the Aerospace & Defense subindustry, L3Harris Technologies's Enterprise Value, along with its competitors' market caps and Enterprise Value 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's Enterprise Value Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's Enterprise Value distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies's Enterprise Value falls into.
L3Harris Technologies Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
L3Harris Technologies's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NYSE:LHX) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
L3Harris Technologies's current Enterprise Value is $53,347 Mil.
L3Harris Technologies's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,764 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
L3Harris Technologies's EV-to-EBITDA for today is:
L3Harris Technologies's current Enterprise Value is $53,347 Mil.
L3Harris Technologies's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,930 Mil.
L3Harris Technologies's current Enterprise Value is $53,347 Mil.
L3Harris Technologies's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $19,419 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 Enterprise Value Related Terms
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L3Harris Technologies (L3Harris Technologies) Business Description
L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.
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