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L3Harris Technologies GF Value Rank

: 5 (As of Today)
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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.


Competitive Comparison

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.

   

L3Harris Technologies GF Value Rank Distribution

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.



L3Harris Technologies GF Value Rank Related Terms

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.


L3Harris Technologies Business Description

L3Harris Technologies logo
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
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

L3Harris Technologies Headlines

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