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Price / book at other companies

Boeing logo
BoeingBA
26.1×
General Dynamics logo
General DynamicsGD
3.6×+0.3×
Motorola Solutions, Inc. logo
Motorola Solutions, Inc.MSI
28.3×-16.3×
Raytheon Technologies logo
Raytheon TechnologiesRTX
3.9×+1.0×
Lockheed Martin logo
Lockheed MartinLMT
18.6×+2.9×
Teledyne Technologies logo
Teledyne TechnologiesTDY
2.6×+0.3×

Other financials

Income statement

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Revenue$5.7B+11.9%
Gross profit$1.4B+3.9%
Operating income$652.0M+24.2%
Net income$512.0M+32.6%
EPS (diluted)$2.72+33.3%

Balance sheet

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Cash & equivalents$590.0M+14.1%
Total debt$11.4B-7.3%
Total equity$19.7B+2.9%
Total assets$41.4B+0.3%

Cash flow

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Operating cash flow-$95.0M-126%
CapEx$99.0M+67.8%
Free cash flow-$194.0M-92.1%

Valuation

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Market cap$58.34B+48.1%
Enterprise value$69.11B+35.4%
P/E33.7×+9.1×
P/S1.5×+0.4×

Profitability

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Gross margin25.5%-0.6pp
Operating margin10.2%+1.0pp
Net margin4.5%+0.1pp

Returns & leverage

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Return on equity8.9%+0.4pp
Debt / equity0.6×-0.1×
Current ratio0.0×

Where this comes from

Calculated from L3Harris Technologies’s reported figures.

Based on the most recent quarter.

The official record: L3Harris Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is L3Harris Technologies's price / book?
L3Harris Technologies (LHX) reported price / book of 3× in Q1 2026.
How has L3Harris Technologies's price / book changed year-over-year?
L3Harris Technologies's price / book increased by 44.0% year-over-year, from 2.1× to 3×.
What is the long-term trend for L3Harris Technologies's price / book?
Over 4 years (2021 to 2025), L3Harris Technologies's price / book has grown at a 5.3% compound annual growth rate (CAGR), from 8.8× to 10.8×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.