# L3Harris Technologies Inc. (LHX) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Aerospace & Defense. Price $256.45, market value $47.8 billion.

## Valuation
- **P/E (trailing): 25.9×** (5-yr avg 29.9×, 3-yr avg 30.9×). L3Harris Technologies Inc. trades at 25.9× trailing earnings, close to its own five-year average of 29.9×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 19.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.27**. A PEG of 2.27 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 2.2×**. Each dollar of revenue is priced at 2.2×.
- **Price / book: 2.5×**. The shares trade at 2.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 17.8×**. Enterprise value is 17.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.9%** (5-yr avg 5.1%). Free cash flow equals 5.9% of the market value, in line with its five-year average of 5.1%. Above 5% is generally attractive.
- **Earnings yield: 3.9%**. The inverse of the P/E: 3.9% of the price is earned each year.

## Profitability
- **Operating margin: 9.0%**. 9.0% of revenue is left after running the business.
- **Return on equity: 8.2%**. 8.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.3%**. Return on all capital, debt included, is 6.3%.
- **Return on assets: 3.6%**. Each dollar of assets produces 3.6% of profit.

## Growth
- **EPS growth (1 yr): 8.4%** (3-yr 15.8%/yr, 5-yr 10.4%/yr). Earnings per share rose 8.4%.
- **Free-cash-flow growth (3 yr): 12.1%/yr**. Free cash flow has compounded at 12.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.53**. Debt is 0.53 times equity, moderate leverage.
- **Net debt / EBITDA: 2.9×**. It would take 2.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.9×**. Operating profit covers interest 2.9×, thin but manageable.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.95%** ($2.87 per share, trailing). L3Harris Technologies Inc. yields 1.95%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 56%** (33% of free cash flow). 56% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 7.1%/yr** (1-yr 3.4%). The dividend has grown 7.1% a year over five years.

## Analyst view
- **Analyst consensus: buy** (13 analysts). 13 analysts cover L3Harris Technologies Inc.; the consensus is buy, with an average price target of $344.54 (+34% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -4.5%** (YTD -12.0%, 3-mo -16.7%). The shares are down 4.5% over twelve months including dividends.
- **From 52-week high: -32.4%** (0.2% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 32**. An RSI of 32 is neutral.
- **Beta (1 yr): 0.29** (volatility 29%). Beta of 0.29 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=LHX · Page: https://foliofundamentals.com/stocks/lhx

Not investment advice.