L3Harris Technologies, Inc. (LHX) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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LHX Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, L3Harris Technologies, Inc. (LHX) trades at a price-to-earnings ratio of 35.3x, with a stock price of $301.18 and trailing twelve-month earnings per share of $9.20.
The current P/E is roughly in line with its 5-year average of 32.3x. Over the past five years, LHX's P/E has ranged from a low of 22.4x to a high of 46.6x, placing the current valuation at the 60th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.5x, LHX trades at a 38% premium to its sector peers. The sector includes 413 companies with P/E ratios ranging from 0.0x to 185.3x.
The PEG ratio of 3.37 (P/E divided by 8% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, LHX commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our LHX DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
LHX P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $238B | 35.6 | - | +40% | |
| $78B | 19.0 | 2.15 | +3% | |
| $118B | 23.8 | - | -4% | |
| $94B | 22.5 | 3.19 | +13% | |
| $182B | 93.2 | - | +114%Best | |
| $12B | 20.4 | - | +10% | |
| $17B | 11.8 | 0.57Best | +21% | |
| $13B | 10.6Lowest | 0.65 | +58% | |
| $4B | 12.2 | 0.73 | +7% | |
| $11B | 40.2 | 3.20 | +29% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
LHX Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Fri Apr 03 2026 00:00:00 GM | $356.00 | $9.21 | 38.7x | +17% |
| FY2025 Q4 | Fri Jan 02 2026 00:00:00 GM | $304.48 | $8.53 | 35.7x | +8% |
| FY2025 Q3 | Fri Oct 03 2025 00:00:00 GM | $297.39 | $9.31 | 31.9x | -3% |
| FY2025 Q2 | Fri Jun 27 2025 00:00:00 GM | $246.98 | $8.95 | 27.6x | -16% |
| FY2025 Q1 | Fri Mar 28 2025 00:00:00 GM | $207.75 | $8.43 | 24.6x | -25% |
| FY2024 Q4 | Fri Jan 03 2025 00:00:00 GM | $209.75 | $7.87 | 26.7x | -19% |
| FY2024 Q3 | Fri Sep 27 2024 00:00:00 GM | $234.99 | $6.33 | 37.1x | +12% |
| FY2024 Q2 | Fri Jun 28 2024 00:00:00 GM | $224.58 | $6.24 | 36.0x | +9% |
| FY2024 Q1 | Fri Mar 29 2024 00:00:00 GM | $213.10 | $6.16 | 34.6x | +5% |
| FY2023 Q4 | Fri Dec 29 2023 00:00:00 GM | $210.62 | $6.44 | 32.7x | -1% |
| FY2023 Q3 | Fri Sep 29 2023 00:00:00 GM | $174.12 | $7.78 | 22.4x | -32% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $195.77 | $4.20 | 46.6x | +41% |
Average P/E for displayed period: 33.0x
Full LHX Stock Analysis
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Start ComparisonLHX — Frequently Asked Questions
Quick answers to the most common questions about buying LHX stock.
Is LHX stock overvalued or undervalued?
LHX trades at 35.3x P/E, near its 5-year average of 32.3x. The 60th percentile ranking places valuation within normal historical bounds.
How does LHX's valuation compare to peers?
L3Harris Technologies, Inc. P/E of 35.3x compares to sector median of 25.5x. The premium reflects expected growth above peers.
What is LHX's PEG ratio?
LHX PEG ratio is 3.37. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.