Is It Too Late To Consider L3Harris Technologies (LHX) After Its 1-Year 85% Rally?

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L3Harris Technologies (LHX) has seen substantial share price growth, rising 85.7% over the last year. Despite this rally, a Discounted Cash Flow (DCF) analysis suggests the stock is currently undervalued by 17.9%. However, its Price-to-Earnings (P/E) ratio of 44.02x is slightly above Simply Wall St’s proprietary Fair Ratio of 38.95x, indicating it might be overvalued by this metric.

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