Market Cap : 44.91 B | Enterprise Value : 52.06 B | PE Ratio : 24.19 | PB Ratio : 2.35 |
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L3Harris Technologies has the GF Value Rank of 5.
The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.
GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).
We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.
After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.
Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.
For the Aerospace & Defense subindustry, L3Harris Technologies's GF Value Rank, along with its competitors' market caps and GF Value Rank 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.
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's GF Value Rank distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies's GF Value Rank falls into.
Thank you for viewing the detailed overview of L3Harris Technologies's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Geraghty Joanna | director | C/O JETBLUE AIRWAYS CORPORATION 27-01 QUEENS PLAZA NORTH LONG ISLAND CITY NY 11101 |
Turner Michelle L. | officer: SVP, Chief Financial Officer | L3HARRIS TECHNOLOGIES, INC. 1025 W. NASA BOULEVARD MELBOURNE FL 32919 |
Harris Harry B. Jr | director | L3HARRIS TECHNOLOGIES INC. 1025 W. NASA BOULEVARD MELBOURNE FL 32919 |
Montesi Corliss J. | officer: VP, Principal Accting. Officer | L3HARRIS TECHNOLOGIES, INC. 1025 W. NASA BOULEVARD MELBOURNE FL 32919 |
Stackley Sean J | officer: Segment President | 600 THIRD AVENUE NEW YORK NY 10016 |
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 |
Millard Robert B | director | 515 POST OAK BLVD., SUITE 600 HOUSTON TX 77027 |
Newton Lloyd W | director | 6128 AUDUBON MANOR BLVD. LITHIA FL 33547 |
Kramer Lewis | director | C/O L-3 COMMUNICATIONS CORPORATION 600 THIRD AVENUE NEW YORK NY 10016 |
Kubasik Christopher E | director, officer: President and COO | |
Gautier Todd W. | officer: Segment President | 600 THIRD AVENUE 35TH FLOOR NEW YORK NY 10016 |
Girard James P | officer: Vice President, HR | L3HARRIS TECHNOLOGIES, INC. 1025 W. NASA BOULEVARD MELBOURNE FL 32919 |
Lane Rita S. | director | 1303 E. ALGONQUIN ROAD SCHAUMBURG IL 60196 |
Bailey Sallie B | director | FERRO CORPORATION 1000 LAKESIDE AVENUE CLEVELAND OH 44124-1147 |
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