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L3Harris Technologies PE Ratio

: 31.96 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2021-10-27), L3Harris Technologies's share price is $228.49. L3Harris Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $7.15. Therefore, L3Harris Technologies's PE Ratio for today is 31.96.


The historical rank and industry rank for L3Harris Technologies's PE Ratio or its related term are showing as below:

NYSE:LHX' s PE Ratio Range Over the Past 10 Years
Min: 7.56   Med: 25.77   Max: 570.5
Current: 31.96

7.56
570.5

During the past 13 years, the highest PE Ratio of L3Harris Technologies was 570.50. The lowest was 7.56. And the median was 25.77.


NYSE:LHX's PE Ratio is ranked lower than
71% of the 62 Companies
in the Aerospace & Defense industry.

( Industry Median: 18.50 vs. NYSE:LHX: 31.96 )

L3Harris Technologies's Earnings per Share (Diluted) for the three months ended in Jun. 2021 was $2.01. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $7.15.

As of today (2021-10-27), L3Harris Technologies's share price is $228.49. L3Harris Technologies's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $7.17. Therefore, L3Harris Technologies's PE Ratio without NRI for today is 31.87.

During the past 13 years, L3Harris Technologies's highest PE Ratio without NRI was 37.51. The lowest was 7.42. And the median was 21.31.

L3Harris Technologies's EPS without NRI for the three months ended in Jun. 2021 was $2.01. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $7.17.

During the past 12 months, L3Harris Technologies's average EPS without NRI Growth Rate was 20.10% per year. During the past 3 years, the average EPS without NRI Growth Rate was 1.00% per year. During the past 5 years, the average EPS without NRI Growth Rate was 15.10% per year. During the past 10 years, the average EPS without NRI Growth Rate was 3.50% per year.

During the past 13 years, L3Harris Technologies's highest 3-Year average EPS without NRI Growth Rate was 84.10% per year. The lowest was -40.80% per year. And the median was 5.40% per year.

L3Harris Technologies's EPS (Basic) for the three months ended in Jun. 2021 was $2.03. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2021 was $7.21.


L3Harris Technologies PE Ratio Historical Data

The historical data trend for L3Harris Technologies's PE 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.

* Premium members only.

L3Harris Technologies Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec20
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.22 25.02 25.09 24.06 36.42

L3Harris Technologies Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.47 28.12 36.42 31.47 30.23

Competitive Comparison

For the Aerospace & Defense subindustry, L3Harris Technologies's PE Ratio, along with its competitors' market caps and PE 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 PE Ratio Distribution

For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's PE Ratio distribution charts can be found below:

* The bar in red indicates where L3Harris Technologies's PE Ratio falls into.



L3Harris Technologies PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

L3Harris Technologies's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=228.49/7.150
=31.96

L3Harris Technologies's Share Price of today is $228.49.
L3Harris Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.15.

* 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:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


L3Harris Technologies  (NYSE:LHX) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


L3Harris Technologies PE Ratio Related Terms

Thank you for viewing the detailed overview of L3Harris Technologies's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


L3Harris Technologies Business Description

L3Harris Technologies logo
Industry
Industrials » Aerospace & Defense NAICS : 333318 SIC : 3599
Traded in Other Exchanges
Address
1025 West NASA Boulevard, Melbourne, FL, USA, 32919
L3Harris Technologies was created in 2019 from the merger of L3 Technologies and Harris, two defense contractors that provide products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) market. The firm also has smaller operations serving the civil government, particularly the Federal Aviation Administration's communication infrastructure, and produces various avionics for defense and commercial aviation.
Executives
Stackley Sean J officer: Pres., Integrated Mission Sys. 600 THIRD AVENUE NEW YORK NY 10016
Zoiss Edward J officer: Pres. Space & Airborne Systems HARRIS CORPORATION 1395 TROUTMAN BOULEVARD NE PALM BAY FL 32904
Mehnert Dana A officer: Pres., Communication Systems HARRIS CORPORATION 1680 UNIVERSITY AVENUE ROCHESTER NY 14610
Millard Robert B director 515 POST OAK BLVD., SUITE 600 HOUSTON TX 77027
Malave Jesus Jr officer: SVP, Chief Financial Officer L3HARRIS TECHNOLOGIES INC 1025 WEST NASA BOULEVARD MELBOURNE FL 32919
Corcoran Thomas A director 3790 VIA DE LA VALLE SUITE 311 DEL MAR CA 92014
Kramer Lewis director C/O L-3 COMMUNICATIONS CORPORATION 600 THIRD AVENUE NEW YORK NY 10016
Fradin Roger director C/O MSC INDUSTRIAL DIRECT CO., INC. 75 MAXESS ROAD MELVILLE NY 11747
Bailey Sallie B director FERRO CORPORATION 1000 LAKESIDE AVENUE CLEVELAND OH 44124-1147
Hay Lewis Iii director C/O NEXTERA ENERGY, INC. 700 UNIVERSE BLVD JUNO BEACH FL 33408
Lane Rita S. director 1303 E. ALGONQUIN ROAD SCHAUMBURG IL 60196
Dattilo Thomas A director COOPER TIRE & RUBBER COMPANY 701 LIMA AVENUE FINDLAY OH 45840
Chiarelli Peter W director 211 LAKE WASHINGTON BOULEVARD SEATTLE WA 98122
Newton Lloyd W director 6128 AUDUBON MANOR BLVD. LITHIA FL 33547
Taylor Todd A. officer: VP, Principal Accting. Officer HARRIS CORPORATION 1025 W. NASA BOULEVARD MELBOURNE FL 32919

L3Harris Technologies Headlines

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