Independent equity research
Is RTX Corp (RTX) a Buy, Hold or Sell?
RTX Corp — our independent, AI-built valuation and rating, in brief.
SELL (reduce into strength)
12-mo fair value
$178.00
To fair value
−10%
By · report dated 2026-08-14 · fair value derived independently of the market price.
The thesis, in brief
RTX's operating recovery is real - record $289bn backlog, guidance raised three ways - but at $220 the shares discount roughly 14%/yr owner-FCF growth to 2035 at an 8.5% WACC; even our bull cash-flow path values RTX at $176. This is a cost-of-capital call, and we expect the multiple, not the earnings, to break
How we value it
We value RTX Corp using 60/40 blend: justified 16.65x FY27E EV/EBITDA and 9-yr owner-FCF DCF, WACC 8.5%, g 2.5%. The 12-month fair value is set from that intrinsic estimate first, then compared to the market to read the upside or downside — never anchored to the current price.
What the full report covers
- Business & moat + industry cycle
- Earnings quality & normalized EPS
- Returns on capital (ROIC vs WACC)
- Balance-sheet safety
- Two independent valuations (DCF + multiples)
- Bear / base / bull fair values
- Earnings-call analysis
- Insider activity & positioning
- Technicals (RSI / ADX)
- A falsifiable thesis
Read the full RTX Corp report
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