* The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for L3Harris Technologies's PEG Ratio or its related term are showing as below:
FRA:HRS'
s PEG Ratio Range Over the Past 10 Years
Min: 0.68 Med: 3.8 Max: 46.38
Current: 3.79
During the past 13 years, L3Harris Technologies's highest PEG Ratio was 46.38. The lowest was 0.68. And the median was 3.80.
FRA:HRS's PEG Ratio is ranked worse than 62.5% of 96
companies
in the Aerospace & Defense industry
Industry Median: 2.67
vs FRA:HRS: 3.79
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
* 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 PEG Ratio
For the Aerospace & Defense subindustry, L3Harris Technologies's PEG Ratio, along with its competitors' market caps and PEG 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 PEG Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's PEG Ratio distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies's PEG Ratio falls into.
L3Harris Technologies PEG Ratio Calculation
PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio.
The ratio we use is the 5-Year EBITDA growth rate.
* 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: The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
L3Harris Technologies (FRA:HRS) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
L3Harris Technologies PEG Ratio Related Terms
Thank you for viewing the detailed overview of L3Harris Technologies's PEG Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
L3Harris Technologies (FRA:HRS) 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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