L3Harris Technologies, Inc.

Valuation Analysis

About the Company

L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. Its MSL segment unites propulsion, hypersonic, and other advanced missile technologies. The CSD segment provides tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; broadband communications; integrated vision solutions, s

L3Harris Technologies, Inc. Stock at a Glance

L3Harris Technologies, Inc. (LHX) is currently trading at $307.79 with a market capitalization of $57.3B. The trailing P/E ratio stands at 33.46x, with a forward P/E of 22.58x. The 52-week range spans from $243.84 to $379.23; the current price is 18.8% below the yearly high. Year-over-year revenue growth stands at +190.0%. The net profit margin stands at 10.37%.

💰 Dividend

L3Harris Technologies, Inc. pays an annual dividend of $5.00 per share, representing a yield of 1.62%. The payout ratio stands at 52.66%.

📊 Analyst Rating

19 analysts rate L3Harris Technologies, Inc. (LHX) on consensus: Buy. The average price target is $381.95, implying +24.09% from the current price. Analyst price targets range from $300.00 to $443.00.

L3Harris Technologies, Inc.: The Investment Case in Detail

L3Harris Technologies, Inc. (LHX) operates in the Industrials — specifically Aerospace & Defense — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Top-line momentum is unusually strong with revenue expanding 190% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. Wall Street consensus sits at Buy with an average price target implying roughly 24.09% upside from current levels — analyst sentiment is firmly constructive.

The Bear Case

Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valuation in Context

The EV/EBITDA multiple of 35x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

What to Watch Next

• The forward P/E of 22.58x is meaningfully below the trailing 33.46x — analysts expect earnings to step up; the next earnings release is the test.
• The analyst consensus price target implies 24.09% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

The price is in a transition zone relative to the moving averages — no clear signal.

Risk Profile

The data points to relatively defensive market behavior.

Trading Data

💵 Dividend Info

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