We've been asking ourselves recently if the market has placed a fair valuation on Raytheon Technologies. Let's dive into some of the fundamental values of this large-cap Industrials company to determine if there might be an opportunity here for value-minded investors.
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RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. The company belongs to the Industrials sector, which has an average price to earnings (P/E) ratio of None and an average price to book (P/B) ratio of None. In contrast, Raytheon Technologies has a trailing 12 month P/E ratio of 37.3 and a P/B ratio of 1.68.
Raytheon Technologies's PEG ratio is 1.42, which shows that the stock is probably overvalued in terms of its estimated growth. For reference, a PEG ratio near or below 1 is a potential signal that a company is undervalued.
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