GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3Harris Technologies Inc (FRA:HRS) » Definitions » Price-to-Tangible-Book

L3Harris Technologies (FRA:HRS) Price-to-Tangible-Book : (As of Apr. 30, 2024)


View and export this data going back to 1955. Start your Free Trial

What is L3Harris Technologies Price-to-Tangible-Book?

As of today (2024-04-30), L3Harris Technologies's share price is €200.00. L3Harris Technologies's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was €-47.32. Hence, L3Harris Technologies's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for L3Harris Technologies's Price-to-Tangible-Book or its related term are showing as below:

FRA:HRS's Price-to-Tangible-Book is not ranked *
in the Aerospace & Defense industry.
Industry Median: 3.15
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, L3Harris Technologies's share price is €200.00. L3Harris Technologies's Book Value per Sharefor the quarter that ended in Mar. 2024 was €90.64. Hence, L3Harris Technologies's P/B Ratio of today is 2.21.


L3Harris Technologies Price-to-Tangible-Book Historical Data

The historical data trend for L3Harris Technologies's Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart

L3Harris Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

L3Harris Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial 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 - - - - -

Competitive Comparison of L3Harris Technologies's Price-to-Tangible-Book

For the Aerospace & Defense subindustry, L3Harris Technologies's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where L3Harris Technologies's Price-to-Tangible-Book falls into.



L3Harris Technologies Price-to-Tangible-Book Calculation

L3Harris Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=200.00/-47.315
=

* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


L3Harris Technologies Price-to-Tangible-Book Related Terms

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


L3Harris Technologies (FRA:HRS) Business Description

Traded in Other Exchanges
Address
1025 West NASA Boulevard, Melbourne, FL, USA, 32919
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.

L3Harris Technologies (FRA:HRS) Headlines

No Headlines