Start with its own history
At 23.48×, LHX is 19.2% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · LHXAerospace & DefenseUpdated Nov 5, 2026
L3Harris Technologies, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
23.48×
19.2% belowthe 10-year annual average
Share price259.74
÷Earnings per share11.06
Price and EPS in quote currency. Calculation details
Investors are paying 23.48 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 29.05×
3-year average31.53×3 positive annual observations
5-year average31.09×5 positive annual observations
10-year average29.05×10 positive annual observations
Peer median · TTM23.64×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jan 2, 2026 | 35.53× | +34.0% |
| Jan 3, 2025 | 26.52× | -18.5% |
| Dec 29, 2023 | 32.55× | -13.4% |
| Dec 30, 2022 | 37.58× | +61.6% |
| Dec 31, 2021 | 23.25× | -35.7% |
| Jan 1, 2021 | 36.14× | +35.7% |
| Dec 31, 2019 | 26.63× | +13.2% |
| Jun 28, 2019 | 23.52× | -4.1% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jun 29, 2018 | 24.54× | +1.2% |
| Jun 30, 2017 | 24.24× | -23.4% |
| Jul 1, 2016 | 31.64× | +28.2% |
| Jul 3, 2015 | 24.68× | +62.4% |
| Jun 27, 2014 | 15.20× | -68.8% |
| Jun 28, 2013 | 48.76× | -69.7% |
| Jun 29, 2012 | 160.96× | +1536.1% |
| Jul 1, 2011 | 9.84× | +3.0% |
| Jul 2, 2010 | 9.55× | -90.3% |
| Jul 3, 2009 | 98.59× | +566.2% |
| Jun 30, 2008 | 14.80× | +1.2% |
| Jun 30, 2007 | 14.62× | -35.2% |
| Jun 30, 2006 | 22.56× | +12.9% |
| Jun 30, 2005 | 19.98× | -19.1% |
| Jun 30, 2004 | 24.69× | -24.0% |
| Jun 30, 2003 | 32.49× | +19.5% |
| Jun 30, 2002 | 27.19× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How LHX compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 LHX This stockL3Harris Technologies, Inc. | 23.48× |
 LMTLockheed Martin Corporation | 21.05× |
 NOCNorthrop Grumman Corporation | 16.54× |
 DRSLeonardo DRS, Inc. | 26.12× |
 KTOSKratos Defense & Security Solutions, Inc. | 209.19× |
 RTXRTX Corporation | 31.85× |
 GDGeneral Dynamics Corporation | 21.16× |
 LDOSLeidos Holdings, Inc. | 12.06× |
 HAGHYHensoldt AG | 78.36× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does LHX’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 23.64×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take LHX into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("LHX", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 259.74 ÷ EPS 11.06 = 23.48×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
LHX P/E ratio: common questions
The essentials behind the numbers.
L3Harris Technologies, Inc.'s current P/E is 23.48× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.