The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-24), L3Harris Technologies's share price is $207.71. L3Harris Technologies's Book Value per Share for the quarter that ended in Dec. 2023 was $98.86. Hence, L3Harris Technologies's PB Ratio of today is 2.10.
The historical rank and industry rank for L3Harris Technologies's PB Ratio or its related term are showing as below:
LHX'
s PB Ratio Range Over the Past 10 Years
Min: 1.59 Med: 3.27 Max: 14.14
Current: 2.1
During the past 13 years, L3Harris Technologies's highest PB Ratio was 14.14. The lowest was 1.59. And the median was 3.27.
LHX's PB Ratio is ranked better than 62.85% of 288
companies
in the Aerospace & Defense industry
Industry Median: 2.63
vs LHX: 2.10
During the past 12 months, L3Harris Technologies's average Book Value Per Share Growth Rate was 1.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 40.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 22.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of L3Harris Technologies was 85.60% per year. The lowest was -14.80% per year. And the median was 4.90% per year.
Back to Basics: PB Ratio
L3Harris Technologies PB Ratio Historical Data
The historical data trend for L3Harris Technologies's PB Ratio 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 PB Ratio
For the Aerospace & Defense subindustry, L3Harris Technologies's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies's PB Ratio falls into.
L3Harris Technologies PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
L3Harris Technologies's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
L3Harris Technologies (NYSE:LHX) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
L3Harris Technologies PB Ratio Related Terms
Thank you for viewing the detailed overview of L3Harris Technologies's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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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