Is L3Harris Technologies, Inc. overvalued or undervalued?

As of 24 July 2025, the valuation grade for L3Harris Technologies, Inc. moved from attractive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 27, an EV to EBITDA of 16.55, and a Price to Book Value of 2.39. In comparison to peers, RTX Corp. has a higher P/E of 37.08, while Lockheed Martin Corp. has a lower P/E of 25.66, indicating that L3Harris is positioned in the middle of its competitive landscape.
In terms of performance, L3Harris has outperformed the S&P 500 year-to-date with a return of 34.45% compared to 12.22% for the index, although it lags behind the S&P 500 over longer periods, such as the last three and five years. Overall, L3Harris Technologies, Inc. is fairly valued given its current ratios and competitive positioning.