Leidos Holdings, Inc. (LDOS)

Services-Computer Integrated Systems Design

Latest Price

$115.60

TTM P/E

10.58

Normalized P/E

16.61

Div Yield

1.44%

Book Value

39.79

P/B Ratio

2.91

Valuation metrics

EPS: $11.14

Book value / share: $38.90

Formula: √(22.5 × EPS × BVPS)

Graham Number

$98.74

15% downside

Norm. op. income: $1.1B (median of 5yr)

Tax rate: 23%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$38.59

67% downside

Base FCF: $927M (median of recent 5yr)

Growth: 12%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$179.00

+55% upside

EPS: $11.14

Target P/E: 17×

Formula: EPS × P/E

P/E Fair Value

$189.38

+64% upside

73.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	9.50M	$1.48B	7.55%	-838.5K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	8.26M	$1.28B	6.57%	--	2026-03-31
STATE STREET CORP	6.12M	$951.0M	4.86%	+94.1K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	5.47M	$851.0M	4.35%	--	2026-03-31
DIAMANT ASSET MANAGEMENT, INC.	4.16M	$4.16B	3.30%	+4.13M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	3.63M	$562.0M	2.88%	+88.5K	2026-03-31
Boston Partners	2.45M	$382.0M	1.95%	-362.8K	2026-03-31
Invesco Ltd.	2.39M	$371.0M	1.90%	+342.7K	2026-03-31
VAN ECK ASSOCIATES CORP	2.30M	$357.0M	1.83%	+17.1K	2026-03-31
FMR LLC	2.20M	$341.0M	1.75%	-949.8K	2026-03-31