P/E ratio for L3Harris Technologies (LHX)
P/E ratio as of April 2024 (TTM): 26.6
According to L3Harris Technologies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.5954. At the end of 2022 the company had a P/E ratio of 37.7.
P/E ratio history for L3Harris Technologies from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 37.7 | 62.09% |
| 2021 | 23.2 | -35.73% |
| 2020 | 36.1 | 46.85% |
| 2019 | 24.6 | 32.51% |
| 2018 | 18.6 | -43.75% |
| 2017 | 33.0 | 72.39% |
| 2016 | 19.2 | -85.23% |
| 2015 | 130 | 817.41% |
| 2014 | 14.1 | -23.04% |
| 2013 | 18.4 | -188.18% |
| 2012 | -20.8 | -350.89% |
| 2011 | 8.30 | -9.81% |
| 2010 | 9.21 | -70.18% |
| 2009 | 30.9 | 98.4% |
| 2008 | 15.6 | 2.49% |
| 2007 | 15.2 | -11.69% |
| 2006 | 17.2 | -36.96% |
| 2005 | 27.3 | 12.12% |
| 2004 | 24.3 | -15.88% |
| 2003 | 28.9 | 49.54% |
| 2002 | 19.3 | -24.87% |
| 2001 | 25.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 L3Harris Technologies LHX | 26.6 | 0.00% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.