Valuation check: LHX's P/E ratio is 29.3, below the Industrials sector average of 33.29.
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+ Follow29.30
The P/E ratio compares a company's stock price to its earnings per share. A lower P/E ratio may indicate that the stock is undervalued.
L3Harris Technologies (LHX) currently reports a P/E ratio of 29.3. That is below the Industrials sector average of 33.29. Use the charts on this page to explore L3Harris Technologies's P/E ratio history and peer comparisons.
L3Harris Technologies's P/E ratio of 29.3 is lower than the Industrials sector average of 33.29. That is roughly 12.0% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.
The P/E ratio is a valuation multiple that relates L3Harris Technologies's market price to a fundamental measure such as earnings, sales, or book value. At 29.3, LHX can look expensive or cheap only in context — versus its own history, growth rate, and Industrials peers. Higher multiples often price in stronger expected growth; lower ones can signal value or concern.
Start with the current P/E ratio of 29.3, then check the historical chart for trend and the peer comparison chart for relative positioning. The Industrials average is 33.29. From there, open related valuation or income-statement pages for L3Harris Technologies, and consider following LHX for alerts when major investors trade the stock.
L3Harris Technologies is classified in the Industrials sector. On P/E ratio, it currently shows 29.3 versus a sector average near 33.29. Sector peers often share similar capital intensity and growth regimes, so relative rankings inside Industrials are usually more informative than comparing LHX with unrelated industries.