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Leidos HoldingsMIL:1LDOS 57 EV-to-OCF is 10.35 as of Jul. 17, 2026, which is 41% below its 10-year median of 17.69. GuruFocus rates MIL:1LDOS with a GF Score™ of 57/100 and a GF Value™ of €147.21 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,871 Software companies, Leidos Holdings ranks worse than 60.92% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Leidos Holdings's Enterprise Value is €17,702 Mil.
Leidos Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €1,710 Mil. Therefore, Leidos Holdings's EV-to-OCF for today is 10.35.
The historical rank and industry rank for Leidos Holdings's EV-to-OCF or its related term are showing as below:
MIL:1LDOS'
s EV-to-OCF Range Over the Past 10 Years
Min: 7 Med: 17.69 Max: 29.39
Current: 10.12
During the past 13 years, the highest EV-to-OCF of Leidos Holdings was 29.39. The lowest was 7.00. And the median was 17.69.
MIL:1LDOS's EV-to-OCF is ranked worse than 60.92% of 2871
companies
in the Software industry
Industry Median: 6.78
vs MIL:1LDOS: 10.12
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Leidos Holdings's PE Ratio (TTM) for today is calculated as:
Leidos Holdings's share price for today is €95.00.
Leidos Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €9.388.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Leidos Holdings EV-to-OCF Related Terms
Leidos Holdings EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Leidos Holdings's EV-to-OCF 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.
MIL:1LDOS vs WSE, APLD, CIFR: EV-to-OCF Comparison
For the Information Technology Services subindustry, Leidos Holdings's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Leidos Holdings's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Leidos Holdings's EV-to-OCF falls into.
Leidos Holdings's current Enterprise Value is €17,702 Mil.
Leidos Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,710 Mil.
* 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 (MIL:1LDOS) has a EV-to-OCF of 10.35 as of Jul. 17, 2026. This is 41% below median its historical median of 17.69. Over the past decade, Leidos Holdings' EV-to-OCF has ranged from 7.00 to 29.39. According to the industry distribution chart, Leidos Holdings ranks #1749 out of 2871 companies in the Software industry, placing it in the top 60.9%.
Is Leidos Holdings' EV-to-OCF too high?
Leidos Holdings' current EV-to-OCF of 10.35 is 41% below median its 10-year median of 17.69. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 29.39. The Software industry median EV-to-OCF is 6.78. Leidos Holdings' value of 10.35 is 52.7% above this industry median. Based on the distribution chart, Leidos Holdings ranks #1749 out of 2871 companies in the Software industry, which is below the industry midpoint. Overall, Leidos Holdings has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Leidos Holdings' EV-to-OCF compare to WSE and APLD?
According to the Software industry distribution chart, Leidos Holdings ranks #1749 out of 2871 companies for EV-to-OCF. This places Leidos Holdings in the lower half of its industry. The industry median EV-to-OCF is 6.78. Leidos Holdings' value of 10.35 is 52.7% above this benchmark. Historically, Leidos Holdings' own EV-to-OCF has ranged from 7.00 to 29.39 over the past decade. While the company's 10-year median is 17.69 vs. the industry median of 6.78, Leidos Holdings has consistently been above 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 EV-to-OCF for a Software company?
The median EV-to-OCF among Software companies is 6.78, based on 2,871 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Leidos Holdings's current EV-to-OCF of 10.35 is 52.7% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median EV-to-OCF is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leidos Holdings's current EV-to-OCF is 10.35, which is 41% below median its own 10-year median of 17.69. 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 (MIL:1LDOS) is currently considered Significantly Undervalued. The stock's GF Value™ is €147.21, compared to a current price of €95.00 — trading 35.5% below its estimated fair value. The current EV-to-OCF is 10.35, which is 41% below median its 10-year median of 17.69 and 52.7% above the Software industry median of 6.78. Leidos Holdings' overall GF Score™ is 57/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Leidos Holdings (MIL:1LDOS), the current EV-to-OCF is 10.35 as of Jul. 17, 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 (MIL:1LDOS) Overvalued in 2026?
Based on GuruFocus' analysis, Leidos Holdings stock appears to be undervalued.
The current stock price of €95.00 is trading 35.5% below its estimated GF Value™ of €147.21.
GuruFocus considers Leidos Holdings to be Significantly Undervalued.
Key valuation signals for MIL:1LDOS:
EV-to-OCF: 10.35 (41% below median its 10-year median of 17.69)
GF Value™: €147.21 vs. price of €95.00 (35.5% below fair value)
Industry Position: 52.7% above the Software median (#1749 of 2871)
No single metric tells the full story. See the MIL:1LDOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
57GF Score
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