L3Harris TechnologiesLHX +0.44%92 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates LHX with a GF Score™ of 92/100 and a GF Value™ of $258.71 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 319 Aerospace & Defense companies, L3Harris Technologies ranks better than 97.18% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
L3Harris Technologies has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for L3Harris Technologies's Piotroski F-Score or its related term are showing as below:
LHX'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of L3Harris Technologies was 8. The lowest was 4. And the median was 6.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
L3Harris Technologies Piotroski F-Score Related Terms
L3Harris Technologies Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for L3Harris Technologies's Piotroski F-Score 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.
LHX vs TDG, HEI.A, NOC: Piotroski F-Score Comparison
For the Aerospace & Defense subindustry, L3Harris Technologies's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies's Piotroski F-Score falls into.
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
L3Harris Technologies's current Net Income (TTM) was 1,732.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
L3Harris Technologies's current Cash Flow from Operations (TTM) was 3,053.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
L3Harris Technologies's return on assets of this year was 0.04198991. L3Harris Technologies's return on assets of last year was 0.03838244.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
L3Harris Technologies's gearing of this year was 0.22299917. L3Harris Technologies's gearing of last year was 0.26309734.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
L3Harris Technologies's current ratio of this year was 1.03406581. L3Harris Technologies's current ratio of last year was 1.01973419.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
L3Harris Technologies's number of shares in issue this year was 188.1. L3Harris Technologies's number of shares in issue last year was 189.1.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
L3Harris Technologies's gross margin of this year was 0.25256929. L3Harris Technologies's gross margin of last year was 0.26009602.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
L3Harris Technologies's asset turnover of this year was 0.54492339. L3Harris Technologies's asset turnover of last year was 0.50808303.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
1
+
1
+
1
+
1
+
1
+
1
+
1
+
0
+
1
=
8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
L3Harris Technologies has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
L3Harris Technologies (LHX) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on L3Harris Technologies and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, L3Harris Technologies' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, L3Harris Technologies ranks #9 out of 319 companies in the Aerospace & Defense industry, placing it in the top 2.8%.
Is L3Harris Technologies' Piotroski F-Score too high?
L3Harris Technologies' current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. L3Harris Technologies' value of 8 is 60% above this industry median. Based on the distribution chart, L3Harris Technologies ranks #9 out of 319 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, L3Harris Technologies has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does L3Harris Technologies' Piotroski F-Score compare to TDG and HEI.A?
According to the Aerospace & Defense industry distribution chart, L3Harris Technologies ranks #9 out of 319 companies for Piotroski F-Score. This places L3Harris Technologies in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. L3Harris Technologies' value of 8 is 60% above this benchmark. Historically, L3Harris Technologies' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, 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 Piotroski F-Score for an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. L3Harris Technologies's current Piotroski F-Score of 8 is 60% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on L3Harris Technologies and its competitors. For the Aerospace & Defense industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L3Harris Technologies's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. 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 Modestly Overvalued. The stock's GF Value™ is $258.71, compared to a current price of $288.52 — trading 11.5% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Aerospace & Defense industry median of 5.00. L3Harris Technologies' overall GF Score™ is 92/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For L3Harris Technologies (LHX), the current Piotroski F-Score is 8 as of Jun. 26, 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 $288.52 is trading 11.5% above its estimated GF Value™ of $258.71.
GuruFocus considers L3Harris Technologies to be Modestly Overvalued.
Key valuation signals for LHX:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: $258.71 vs. price of $288.52 (11.5% above fair value)
Industry Position: 60% above the Aerospace & Defense median (#9 of 319)
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
Get the complete analysis for LHX
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LHX has been successfully added to your 
