Leidos Holdings (BSP:L1DO34) Cyclically Adjusted PS Ratio: 1.17 (As of Aug. 06, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:L1DO34 Leidos Holdings Inc BSP:L1DO34
68 GF Score
Price R$67.26
GF Value R$90.02
Valuation Modestly Undervalued
View Full Analysis

What is Leidos Holdings Cyclically Adjusted PS Ratio?

Leidos Holdings BSP:L1DO34 68 Cyclically Adjusted PS Ratio is 1.17 as of Aug. 06, 2026, which is 8% above its 10-year median of 1.08. GuruFocus rates BSP:L1DO34 with a GF Score™ of 68/100 and a GF Value™ of R$90.02 (Modestly Undervalued). Among 1,587 Software companies, Leidos Holdings ranks better than 61.69% on this metric.

As of today (2026-08-06), Leidos Holdings's current share price is R$67.26. Leidos Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$57.38. Leidos Holdings's Cyclically Adjusted PS Ratio for today is 1.17.

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

BSP:L1DO34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 1.08   Max: 1.99
Current: 1.12

During the past years, Leidos Holdings's highest Cyclically Adjusted PS Ratio was 1.99. The lowest was 0.41. And the median was 1.08.

BSP:L1DO34's Cyclically Adjusted PS Ratio is ranked better than
61.69% of 1587 companies
in the Software industry
Industry Median: 1.66 vs BSP:L1DO34: 1.12

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Leidos Holdings's adjusted revenue per share data for the three months ended in Jun. 2026 was R$18.536. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$57.38 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Leidos Holdings  (BSP:L1DO34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Leidos Holdings Cyclically Adjusted PS Ratio Related Terms


Leidos Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Leidos Holdings's Cyclically Adjusted PS 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.

Leidos Holdings Cyclically Adjusted PS Ratio Chart

Leidos Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 1.16 1.14 1.43 1.68

Leidos Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 1.50 1.77 1.68 1.41 0.91

BSP:L1DO34 vs WSE, CDW, BR: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Leidos Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Software Industry

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

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


BSP:L1DO34
68GF Score
Leidos Holdings Inc BSP:L1DO34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leidos Holdings Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=67.26/57.38
=1.17

* 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Leidos Holdings's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=18.536/333.9520*333.9520
=18.536

Current CPI (Jun. 2026) = 333.9520.

Leidos Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.331 241.428 7.374
201612 5.572 241.432 7.707
201703 5.274 243.801 7.224
201706 5.538 244.955 7.550
201709 5.091 246.819 6.888
201712 5.280 246.524 7.153
201803 5.202 249.554 6.961
201806 6.193 251.989 8.207
201809 6.915 252.439 9.148
201812 6.853 251.233 9.109
201903 6.733 254.202 8.845
201906 7.204 256.143 9.392
201909 8.054 256.759 10.475
201912 8.539 256.974 11.097
202003 9.803 258.115 12.683
202006 10.499 257.797 13.600
202009 12.158 260.280 15.599
202012 11.618 260.474 14.895
202103 12.972 264.877 16.355
202106 12.125 271.696 14.903
202109 12.858 274.310 15.654
202112 13.805 278.802 16.536
202203 12.420 287.504 14.427
202206 13.157 296.311 14.828
202209 13.709 296.808 15.425
202212 14.052 296.797 15.811
202303 13.961 301.836 15.446
202306 13.499 305.109 14.775
202309 14.135 307.789 15.337
202312 13.831 306.746 15.058
202403 14.449 312.332 15.449
202406 16.364 314.175 17.394
202409 17.061 315.301 18.070
202412 19.582 315.605 20.720
202503 18.659 319.799 19.485
202506 18.143 322.561 18.784
202509 18.436 324.800 18.955
202512 17.655 324.054 18.194
202603 17.977 330.213 18.181
202606 18.536 333.952 18.536

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 1.17 mean?
Leidos Holdings (BSP:L1DO34) has a Cyclically Adjusted PS Ratio of 1.17 as of Aug. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Leidos Holdings and its competitors. This is near median its historical median of 1.08. Over the past decade, Leidos Holdings' Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.99. According to the industry distribution chart, Leidos Holdings ranks #608 out of 1587 companies in the Software industry, placing it in the top 38.3%.
Is Leidos Holdings' Cyclically Adjusted PS Ratio too high?
Leidos Holdings' current Cyclically Adjusted PS Ratio of 1.17 is near median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.99. The Software industry median Cyclically Adjusted PS Ratio is 1.66. Leidos Holdings' value of 1.17 is 29.5% below this industry median. Based on the distribution chart, Leidos Holdings ranks #608 out of 1587 companies in the Software industry, which is above the industry midpoint. Overall, Leidos Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Leidos Holdings' Cyclically Adjusted PS Ratio compare to WSE and CDW?
According to the Software industry distribution chart, Leidos Holdings ranks #608 out of 1587 companies for Cyclically Adjusted PS Ratio. This puts Leidos Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.66. Leidos Holdings' value of 1.17 is 29.5% below this benchmark. Historically, Leidos Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.99 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.66, Leidos Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.66, based on 1,587 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Leidos Holdings's current Cyclically Adjusted PS Ratio of 1.17 is 29.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Leidos Holdings and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leidos Holdings's current Cyclically Adjusted PS Ratio is 1.17, which is near median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leidos Holdings stock overvalued right now?
Based on GuruFocus' analysis, Leidos Holdings (BSP:L1DO34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$90.02, compared to a current price of R$67.26 — trading 25.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.17, which is near median its 10-year median of 1.08 and 29.5% below the Software industry median of 1.66. Leidos Holdings' overall GF Score™ is 68/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Leidos Holdings (BSP:L1DO34), the current Cyclically Adjusted PS Ratio is 1.17 as of Aug. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Leidos Holdings (BSP:L1DO34) Overvalued in 2026?

Based on GuruFocus' analysis, Leidos Holdings stock appears to be undervalued. The current stock price of R$67.26 is trading 25.3% below its estimated GF Value™ of R$90.02. GuruFocus considers Leidos Holdings to be Modestly Undervalued.

Key valuation signals for BSP:L1DO34:

  • Cyclically Adjusted PS Ratio: 1.17 (near median its 10-year median of 1.08)
  • GF Value™: R$90.02 vs. price of R$67.26 (25.3% below fair value)
  • GF Score™: 68/100
  • Industry Position: 29.5% below the Software median (#608 of 1587)

No single metric tells the full story. See the BSP:L1DO34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Leidos Holdings Business Description

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 management, both domestically and internationally. The customers of the company 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 four reportable segments; National Security & Digital, Health & Civil, Commercial & International and Defense Systems. It provides a wide array of scientific, engineering and technical services and solutions across these reportable segments.
68GF Score

Get the complete analysis for BSP:L1DO34

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$67.26
Price
R$90.02
GF Value