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As of today (2024-05-05), L3Harris Technologies's current share price is $212.24. L3Harris Technologies's E10 for the quarter that ended in Mar. 2024 was $6.57. L3Harris Technologies's Shiller PE Ratio for today is 32.30.
The historical rank and industry rank for L3Harris Technologies's Shiller PE Ratio or its related term are showing as below:
During the past years, L3Harris Technologies's highest Shiller PE Ratio was 52.85. The lowest was 21.18. And the median was 36.34.
LHX's Shiller PE Ratio is ranked better thanE10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
L3Harris Technologies's adjusted earnings per share data for the three months ended in Mar. 2024 was $1.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $6.57 for the trailing ten years ended in Mar. 2024.
The historical data trend for L3Harris Technologies's Shiller PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
L3Harris Technologies Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Shiller PE Ratio | Get a 7-Day Free Trial | 30.63 | 29.70 | 25.99 | 31.94 | 32.43 |
For the Aerospace & Defense subindustry, L3Harris Technologies's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where L3Harris Technologies's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
L3Harris Technologies's Shiller PE Ratio for today is calculated as
Shiller PE Ratio | = | Share Price | / | E10 |
= | 212.24 | / | 6.57 | |
= | 32.30 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
L3Harris Technologies's E10 for the quarter that ended in Mar. 2024 is calculated as:
For example, L3Harris Technologies's adjusted earnings per share data for the three months ended in Mar. 2024 was:
Adj_EPS | = | Earnings per Share (Diluted) | / | CPI of Mar. 2024 (Change) | * | Current CPI (Mar. 2024) |
= | 1.48 | / | 129.4194 | * | 129.4194 | |
= | 1.480 |
Current CPI (Mar. 2024) = 129.4194.
L3Harris Technologies Quarterly Data
Earnings per Share (Diluted) | CPI | Adj_EPS | |
201406 | 1.220 | 100.560 | 1.570 |
201409 | 1.180 | 100.428 | 1.521 |
201412 | 1.340 | 99.070 | 1.751 |
201503 | 1.200 | 99.621 | 1.559 |
201506 | -0.510 | 100.684 | -0.656 |
201509 | 1.180 | 100.392 | 1.521 |
201512 | -1.230 | 99.792 | -1.595 |
201603 | 1.340 | 100.470 | 1.726 |
201606 | 1.280 | 101.688 | 1.629 |
201609 | 1.270 | 101.861 | 1.614 |
201612 | 1.400 | 101.863 | 1.779 |
201703 | 0.690 | 102.862 | 0.868 |
201706 | 1.070 | 103.349 | 1.340 |
201709 | 1.310 | 104.136 | 1.628 |
201712 | 1.080 | 104.011 | 1.344 |
201803 | 1.620 | 105.290 | 1.991 |
201806 | 1.790 | 106.317 | 2.179 |
201809 | 1.770 | 106.507 | 2.151 |
201812 | 1.870 | 105.998 | 2.283 |
201903 | 2.020 | 107.251 | 2.438 |
201906 | 2.200 | 108.070 | 2.635 |
201909 | 1.900 | 108.329 | 2.270 |
201912 | 1.770 | 108.420 | 2.113 |
202003 | 0.990 | 108.902 | 1.177 |
202006 | 1.300 | 108.767 | 1.547 |
202009 | 1.980 | 109.815 | 2.333 |
202012 | 0.910 | 109.897 | 1.072 |
202103 | 2.250 | 111.754 | 2.606 |
202106 | 2.010 | 114.631 | 2.269 |
202109 | 2.390 | 115.734 | 2.673 |
202112 | 2.460 | 117.630 | 2.707 |
202203 | 2.440 | 121.301 | 2.603 |
202206 | 2.420 | 125.017 | 2.505 |
202209 | -1.560 | 125.227 | -1.612 |
202212 | 2.160 | 125.222 | 2.232 |
202303 | 1.760 | 127.348 | 1.789 |
202306 | 1.830 | 128.729 | 1.840 |
202309 | 2.020 | 129.860 | 2.013 |
202312 | 0.830 | 129.419 | 0.830 |
202403 | 1.480 | 129.419 | 1.480 |
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Thank you for viewing the detailed overview of L3Harris Technologies's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Edward J Zoiss | officer: President, Electronic Systems | HARRIS CORPORATION, 1395 TROUTMAN BOULEVARD NE, PALM BAY FL 32904 |
Ross Niebergall | officer: President, Aerojet Rocketdyne | L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919 |
Melanie Rakita | officer: Vice President & CHRO | C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919 |
Rice Edward A Jr | director | C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919 |
Samir Mehta | officer: Pres., Communication Systems | L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919 |
Dana A Mehnert | officer: President, RF Communications | HARRIS CORPORATION, 1680 UNIVERSITY AVENUE, ROCHESTER NY 14610 |
James P Girard | officer: Vice President, HR | L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919 |
Christopher E Kubasik | director, officer: President and COO | |
Jon Rambeau | officer: Pres., Integrated Mission Sys. | L3HARRIS TECHNOLOGIES, INC., 1395 TROUTMAN BLVD., NE, PALM BAY FL 32905 |
Scott T Mikuen | officer: VP-General Counsel & Secretary | HARRIS CORPORATION, 1025 W. NASA BOULEVARD, MELBOURNE FL 32919 |
Christina L Zamarro | director | 200 INNOVATION WAY, AKRON OH 44316 |
Joanna Geraghty | director | C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101 |
Michelle L. Turner | officer: SVP, Chief Financial Officer | L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919 |
Harris Harry B. Jr | director | L3HARRIS TECHNOLOGIES INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919 |
Todd W. Gautier | officer: Segment President | 600 THIRD AVENUE 35TH FLOOR, NEW YORK NY 10016 |
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