Is L3Harris Technologies, Inc. overvalued or undervalued?

As of 17 June 2025, the valuation grade for L3Harris Technologies, Inc. has moved from fair to attractive, indicating a more favorable assessment of its stock. The company is currently considered undervalued, with a P/E ratio of 27, a Price to Book Value of 2.39, and an EV to EBITDA ratio of 16.55. In comparison to its peers, L3Harris has a lower P/E ratio than RTX Corp., which is at 46.92, and a more favorable EV to EBITDA ratio compared to Honeywell International, which stands at 23.99.
The company's return metrics also support its valuation narrative, as it has outperformed the S&P 500 year-to-date with a return of 19.42% compared to the S&P's 2.44%. With a PEG ratio of 12.86 and a dividend yield of 1.95%, L3Harris presents a compelling investment opportunity relative to its peers, particularly General Dynamics Corp., which is rated very attractive with a P/E of 32.81. Overall, L3Harris Technologies, Inc. appears to be a solid investment choice in the current market landscape.