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Leidos Holdings (Leidos Holdings) Cyclically Adjusted PB Ratio : 4.83 (As of Apr. 29, 2024)


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What is Leidos Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Leidos Holdings's current share price is $131.62. Leidos Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $27.27. Leidos Holdings's Cyclically Adjusted PB Ratio for today is 4.83.

The historical rank and industry rank for Leidos Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

LDOS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 2.99   Max: 4.81
Current: 4.78

During the past years, Leidos Holdings's highest Cyclically Adjusted PB Ratio was 4.81. The lowest was 1.01. And the median was 2.99.

LDOS's Cyclically Adjusted PB Ratio is ranked worse than
72.21% of 1299 companies
in the Software industry
Industry Median: 2.56 vs LDOS: 4.78

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 adjusted book value per share data for the three months ended in Dec. 2023 was $30.943. 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 $27.27 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Leidos Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Leidos Holdings's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Leidos Holdings Annual Data
Trend Jan14 Jan15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.92 4.29 3.45 3.90 3.97

Leidos Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio 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 3.90 3.38 3.23 3.35 3.97

Competitive Comparison of Leidos Holdings's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=131.62/27.27
=4.83

* 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.

Leidos Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Leidos Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=30.943/129.4194*129.4194
=30.943

Current CPI (Dec. 2023) = 129.4194.

Leidos Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201310 21.895 98.536 28.758
201401 19.938 98.692 26.146
201404 18.733 100.023 24.239
201407 12.932 100.520 16.650
201410 13.189 100.176 17.039
201501 13.486 98.604 17.701
201506 12.764 100.684 16.407
201509 13.250 100.392 17.081
201603 15.164 100.470 19.533
201606 15.456 101.688 19.671
201609 20.773 101.861 26.393
201612 20.900 101.863 26.554
201703 21.040 102.862 26.472
201706 21.351 103.349 26.737
201709 21.815 104.136 27.112
201712 22.318 104.011 27.770
201803 22.572 105.290 27.745
201806 22.773 106.317 27.722
201809 23.027 106.507 27.981
201812 22.658 105.998 27.665
201903 22.875 107.251 27.603
201906 23.326 108.070 27.934
201909 23.021 108.329 27.503
201912 24.206 108.420 28.894
202003 23.627 108.902 28.079
202006 24.915 108.767 29.646
202009 26.099 109.815 30.758
202012 27.136 109.897 31.957
202103 27.825 111.754 32.223
202106 28.866 114.631 32.590
202109 29.393 115.734 32.869
202112 30.650 117.630 33.722
202203 28.869 121.301 30.801
202206 29.226 125.017 30.255
202209 29.825 125.227 30.824
202212 31.380 125.222 32.432
202303 32.182 127.348 32.706
202306 33.555 128.729 33.735
202309 30.151 129.860 30.049
202312 30.943 129.419 30.943

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


Leidos Holdings  (NYSE:LDOS) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Leidos Holdings Cyclically Adjusted PB Ratio Related Terms

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


Leidos Holdings (Leidos Holdings) 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.
Executives
Surya N Mohapatra director 3 GIRALDA FARMS, MADISON NJ 07940
Miriam E John director 7011 EAST AVENUE, LIVERMORE CA 94550
Noel B Williams director 1750 PRESIDENTS STREET, RESTON VA 20190
James Robert Moos officer: Group President 11951 FREEDOM DRIVE, RESTON VA 20190
Cindy Gruensfelder officer: Executive Vice President 1750 PRESIDENTS STREET, RESTON VA 20190
Roy E Stevens officer: Chief of Business Development 11951 FREEDOM DRIVE, RESTON VA 20190
Kraemer Harry M Jansen Jr director DENTSPLY SIRONA INC., 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Thomas Arthur Bell director, officer: CEO 1750 PRESIDENTS STREET, RESTON VA 20190
Gary Stephen May director 11951 FREEDOM DRIVE, RESTON VA 20190
Gregory R Dahlberg director 11951 FREEDOM DRIVE, RESTON VA 20190
Howe Jerald S Jr officer: Executive VP & General Counsel
Robert S Shapard director P O BOX 696000, SANANTONIO TX 782696000
David G Fubini director D.G. FUBINI CONSULTANTS, LLC, 80 SEARS ROAD, BROOKLINE MA 02445
Christopher R Cage officer: SVP and Corporate Comptroller 11951 FREEDOM DRIVE, RESTON VA 20190
Roger A Krone director, officer: CEO