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Leidos Holdings (STU:S6IA) Cyclically Adjusted Book per Share : €25.64 (As of Mar. 2024)


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What is Leidos Holdings Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Leidos Holdings's adjusted book value per share for the three months ended in Mar. 2024 was €28.996. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €25.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Leidos Holdings's average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Leidos Holdings was 3.70% per year. The lowest was -9.20% per year. And the median was -3.30% per year.

As of today (2024-05-31), Leidos Holdings's current stock price is €134.15. Leidos Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €25.64. Leidos Holdings's Cyclically Adjusted PB Ratio of today is 5.23.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Leidos Holdings was 5.43. The lowest was 1.02. And the median was 3.04.


Leidos Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Leidos Holdings's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Leidos Holdings Cyclically Adjusted Book per Share Chart

Leidos Holdings Annual Data
Trend Jan14 Jan15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.22 19.68 22.44 24.96 24.73

Leidos Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.07 24.88 25.86 24.73 25.64

Competitive Comparison of Leidos Holdings's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, Leidos Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Leidos Holdings's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Leidos Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Leidos Holdings's Cyclically Adjusted PB Ratio falls into.



Leidos Holdings Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Leidos Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=28.996/131.7762*131.7762
=28.996

Current CPI (Mar. 2024) = 131.7762.

Leidos Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201401 14.634 98.692 19.540
201404 13.563 100.023 17.869
201407 9.557 100.520 12.529
201410 10.406 100.176 13.689
201501 11.612 98.604 15.519
201506 11.373 100.684 14.885
201509 11.806 100.392 15.497
201603 13.617 100.470 17.860
201606 13.756 101.688 17.826
201609 18.509 101.861 23.945
201612 19.813 101.863 25.631
201703 19.672 102.862 25.202
201706 19.002 103.349 24.229
201709 18.302 104.136 23.160
201712 18.859 104.011 23.893
201803 18.306 105.290 22.911
201806 19.494 106.317 24.162
201809 19.734 106.507 24.416
201812 19.916 105.998 24.759
201903 20.244 107.251 24.873
201906 20.644 108.070 25.173
201909 20.903 108.329 25.427
201912 21.785 108.420 26.478
202003 21.382 108.902 25.873
202006 22.125 108.767 26.805
202009 22.158 109.815 26.589
202012 22.306 109.897 26.747
202103 23.373 111.754 27.560
202106 23.959 114.631 27.542
202109 24.984 115.734 28.447
202112 27.125 117.630 30.387
202203 26.213 121.301 28.477
202206 27.648 125.017 29.143
202209 30.123 125.227 31.699
202212 29.622 125.222 31.172
202303 30.058 127.348 31.103
202306 30.971 128.729 31.704
202309 28.252 129.860 28.669
202312 28.375 129.419 28.892
202403 28.996 131.776 28.996

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Leidos Holdings  (STU:S6IA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Leidos Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=134.15/25.64
=5.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Leidos Holdings was 5.43. The lowest was 1.02. And the median was 3.04.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Leidos Holdings Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Leidos Holdings's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Leidos Holdings (STU:S6IA) Business Description

Industry
Traded in Other Exchanges
Address
1750 Presidents Street, Reston, VA, USA, 20190
Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil and health markets, both domestically and internationally. Company customer includes the U.S. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in three reportable segments; Defense Solutions, Civil, and Health. Defense Solutions provides leading-edge and technologically advanced services, solutions, and products to a broad customer base. It generates key revenue from Defense Solutions.

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