Leidos Holdings, Inc. (LDOS)

Services-Computer Integrated Systems Design

Latest Price

$121.83

TTM P/E

11.35

Normalized P/E

17.03

Div Yield

1.39%

Book Value

42.11

P/B Ratio

2.89

Valuation metrics

EPS: $11.14

Book value / share: $38.90

Formula: √(22.5 × EPS × BVPS)

Graham Number

$98.74

19% 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

68% 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

+47% upside

EPS: $11.14

Target P/E: 17×

Formula: EPS × P/E

P/E Fair Value

$189.38

+55% upside

79.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	9.95M	$1.02B	7.93%	+452.0K	2026-06-30
Vanguard Capital Management LLC	8.21M	$845.0M	6.55%	-46.4K	2026-06-30
State Street Corp	6.28M	$646.0M	5.00%	+161.4K	2026-06-30
Vanguard Portfolio Management LLC	5.37M	$552.0M	4.28%	-104.5K	2026-06-30
JPMorgan Chase & Co	3.83M	$385.0M	3.05%	+680.4K	2026-06-30
Geode Capital Management, LLC	3.67M	$376.0M	2.93%	+45.0K	2026-06-30
Invesco Ltd.	3.14M	$323.0M	2.50%	+747.0K	2026-06-30
First Trust Advisors LP	2.78M	$285.0M	2.21%	+1.18M	2026-06-30
Dimensional Fund Advisors LP	2.13M	$218.0M	1.69%	+265.5K	2026-06-30
Van Eck Associates Corp	2.02M	$207.0M	1.61%	-278.0K	2026-06-30