LHX
L3Harris Technologies
PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: LHX
- PE Ratio
As at Jun 25, 2026, the LHX stock has a price-to-earnings ratio of 31.12. This is based on the current EPS of $9.27 and the stock price of $288.52 per share. A decrease of 7% has been recorded in the PE ratio compared to the average of 33.3 of the past four quarters.
LHX PE ratio history
The mean historical PE ratio of L3Harris Technologies over the last ten years is 29.63. The current 31.12 price-to-earnings ratio is 5% more than the historical average. In the past ten years, LHX's PE ratio reached its highest point in the Jun 2023 quarter at 46.28, with a price of $195.77 and an EPS of $4.23. The Dec 2018 quarter saw the lowest point at 18.3, with a price of $131.18 and an EPS of $7.17.
L3Harris Technologies PE ratio by year
Maximum annual increase: 1,535.77% in 2012
Maximum annual decrease: -69.71% in 2013
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2026 | 35.53 | 33.97% | $304.48 | $8.57 |
| 2025 | 26.52 | -18.53% | $209.75 | $7.91 |
| 2023 | 32.55 | -13.38% | $210.62 | $6.47 |
| 2022 | 37.58 | 61.63% | $208.21 | $5.54 |
| 2021 | 23.25 | -35.67% | $213.24 | $9.17 |
| 2021 | 36.14 | 53.46% | $189.02 | $5.23 |
| 2019 | 23.55 | -4.19% | $189.13 | $8.03 |
| 2018 | 24.58 | -0.41% | $144.54 | $5.88 |
| 2017 | 24.68 | -22% | $109.08 | $4.42 |
| 2016 | 31.64 | 28.2% | $82.59 | $2.61 |
| 2015 | 24.68 | 62.37% | $77.74 | $3.15 |
| 2014 | 15.2 | -68.83% | $75.98 | $5 |
| 2013 | 48.76 | -69.71% | $49.25 | $1.01 |
| 2012 | 160.96 | 1,535.77% | $41.85 | $0.26 |
| 2011 | 9.84 | 3.04% | $45.55 | $4.63 |
L3Harris Technologies PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Apr 2026 | 38.4 | 8.08% | $356 | $9.27 |
| Jan 2026 | 35.53 | 11.69% | $304.48 | $8.57 |
| Oct 2025 | 31.81 | 15.8% | $297.39 | $9.35 |
| Jun 2025 | 27.47 | 11.99% | $246.98 | $8.99 |
| Mar 2025 | 24.53 | -7.5% | $207.75 | $8.47 |
| Jan 2025 | 26.52 | -28.23% | $209.75 | $7.91 |
| Sep 2024 | 36.95 | 3.15% | $234.99 | $6.36 |
| Jun 2024 | 35.82 | 3.89% | $224.58 | $6.27 |
| Mar 2024 | 34.48 | 5.93% | $213.1 | $6.18 |
| Dec 2023 | 32.55 | 46.03% | $210.62 | $6.47 |
| Sep 2023 | 22.29 | -51.84% | $174.12 | $7.81 |
| Jun 2023 | 46.28 | 14.13% | $195.77 | $4.23 |
| Mar 2023 | 40.55 | 7.9% | $196.24 | $4.84 |
| Dec 2022 | 37.58 | 5.24% | $208.21 | $5.54 |
| Sep 2022 | 35.71 | 43.7% | $207.83 | $5.82 |
LHX Price vs fair value
LHX average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, LHX's PE ratio is above its 10-year historical average, but it is lower than the 3 and 5-year averages.
PE comparison
With a P/E of 31.12, LHX stands above the Industrials sector average but below the industry average. But when looking at its Industrials sector average of 30.81, L3Harris Technologies's P/E is only 1% higher.
LHX PE vs peers
| Stock name | PE ratio | Market cap |
|---|---|---|
| LHX L3Harris Technologies Inc | 31.9 | $55.09B |
| LIDR AEye Inc | N/A | $60.44M |
| NN Nextnav Inc | N/A | $2.33B |
| OUST Ouster Inc | N/A | $2.55B |
Frequently asked questions
What is L3Harris Technologies's PE ratio?
The price to earnings ratio for LHX stock is 31.12 as of Jun 25, 2026.
What is the 3-year average PE ratio for L3Harris Technologies (LHX)?
Over the last 3 years, the average PE ratio for LHX stock is 32.72.
What is the 5-year average PE ratio for L3Harris Technologies (LHX)?
Over the last 5 years, the average PE ratio for LHX stock is 32.04.
What is the highest PE ratio for LHX?
The highest quarterly PE ratio in the last ten years has been 46.28 and it was in the Jun 2023 quarter.
How does the current PE ratio for LHX compare to its historical average?
LHX's current price to earnings ratio is 5% above its 10-year historical average.
How is LHX's PE ratio calculated (L3Harris Technologies PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jun 25, 2026), L3Harris Technologies's stock price is $288.52. The earnings per share for the trailing twelve months (TTM) ending Apr 2026 is $9.27. Therefore, L3Harris Technologies's price to earnings ratio for today is 31.12. PE RATIO(31.12) = STOCK PRICE($288.52) / TTM EPS($9.27)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.