AVAH (Aveanna Healthcare Holdings) Owner Earnings per Share (TTM): 0.36 (As of Mar. 2026) — 99% Below Median

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AVAH Aveanna Healthcare Holdings Inc AVAH
63 GF Score
Price $9.69
GF Value $5.18
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Aveanna Healthcare Holdings Owner Earnings per Share (TTM)?

Aveanna Healthcare Holdings AVAH 63 Owner Earnings per Share (TTM) is 0.36 as of Mar. 2026, which is 99% below its 10-year median of 39.45. GuruFocus rates AVAH with a GF Score™ of 63/100 and a GF Value™ of $5.18 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 308 Healthcare Providers & Services companies, Aveanna Healthcare Holdings ranks worse than 65.26% on this metric.

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Aveanna Healthcare Holdings's Owner Earnings per Share (TTM) ended in Mar. 2026 was $0.36. It's Price-to-Owner-Earnings ratio for today is 26.92.


The historical rank and industry rank for Aveanna Healthcare Holdings's Owner Earnings per Share (TTM) or its related term are showing as below:

AVAH' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 17.13   Med: 39.45   Max: 460.53
Current: 26.67


During the past 8 years, the highest Price-to-Owner-Earnings ratio of Aveanna Healthcare Holdings was 460.53. The lowest was 17.13. And the median was 39.45.


AVAH's Price-to-Owner-Earnings is ranked worse than
65.26% of 308 companies
in the Healthcare Providers & Services industry
Industry Median: 18.115 vs AVAH: 26.67

Aveanna Healthcare Holdings's Earnings per Share (Diluted) for the three months ended in Mar. 2026 was $0.19. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.18. It's PE Ratio (TTM) ratio for today is 8.21.

Aveanna Healthcare Holdings's EPS without NRI for the three months ended in Mar. 2026 was $0.18. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $0.68. It's PE Ratio without NRI ratio for today is 14.25.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Aveanna Healthcare Holdings Owner Earnings per Share (TTM) Related Terms


Aveanna Healthcare Holdings Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Aveanna Healthcare Holdings's Owner Earnings per Share (TTM) 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.

Aveanna Healthcare Holdings Owner Earnings per Share (TTM) Chart

Aveanna Healthcare Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial 0.00 0.00 0.00 -0.10 0.22

Aveanna Healthcare Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Owner Earnings per Share (TTM) 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 -0.20 0.02 0.14 0.22 0.36

AVAH vs SNDA, ADUS, AGL: Owner Earnings per Share (TTM) Comparison

For the Medical Care Facilities subindustry, Aveanna Healthcare Holdings's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.


Aveanna Healthcare Holdings Price-to-Owner-Earnings vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Aveanna Healthcare Holdings's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Aveanna Healthcare Holdings's Price-to-Owner-Earnings falls into.


AVAH
63GF Score
Aveanna Healthcare Holdings Inc AVAH
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aveanna Healthcare Holdings Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Aveanna Healthcare Holdings's Owner Earnings per Share (TTM) Calculation:

TTM / Last Quarter Average of Last 20 Quarters
Net Income 261
Depreciation, Depletion and Amortization 29
Change In Deferred Tax -144
5Y Average of Maintenance Capital Expenditure 9
Change In Working Capital -58
Shares Outstanding (Diluted Average) 222

1. Start with "Net Income" from income statement. Aveanna Healthcare Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was $261 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Aveanna Healthcare Holdings's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Mar. 2026 was $29 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. Aveanna Healthcare Holdings's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was $-144 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $9 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

Aveanna Healthcare Holdings's 5-Year Average Maintenance Capital Expenditure = $9 Mil

5. "Change In Working Capital" is from cashflow statement. Aveanna Healthcare Holdings's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was $-58 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.

6. Aveanna Healthcare Holdings's Shares Outstanding (Diluted Average) for the months ended in Mar. 2026 was 222.099 Mil.

Aveanna Healthcare Holdings's Onwer Earnings Per Share for Mar. 2026 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 261.494 +28.928+-143.646
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-8.6554980302884+-57.554)/222.099
=0.36

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=9.69/0.36
=26.92

* 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.

What does a Owner Earnings per Share (TTM) of 0.36 mean?
Aveanna Healthcare Holdings (AVAH) has a Owner Earnings per Share (TTM) of 0.36 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Aveanna Healthcare Holdings. This is 99% below median its historical median of 39.45. Over the past decade, Aveanna Healthcare Holdings' Owner Earnings per Share (TTM) has ranged from 17.13 to 460.53. According to the industry distribution chart, Aveanna Healthcare Holdings ranks #201 out of 308 companies in the Healthcare Providers & Services industry, placing it in the top 65.3%.
Is Aveanna Healthcare Holdings' Owner Earnings per Share (TTM) too high?
Aveanna Healthcare Holdings' current Owner Earnings per Share (TTM) of 0.36 is 99% below median its 10-year median of 39.45. Over the past 10 years, this metric has ranged from a low of 17.13 to a high of 460.53. The Healthcare Providers & Services industry median Owner Earnings per Share (TTM) is 18.12. Aveanna Healthcare Holdings' value of 0.36 is 98% below this industry median. Based on the distribution chart, Aveanna Healthcare Holdings ranks #201 out of 308 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Aveanna Healthcare Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aveanna Healthcare Holdings' Owner Earnings per Share (TTM) compare to SNDA and ADUS?
According to the Healthcare Providers & Services industry distribution chart, Aveanna Healthcare Holdings ranks #201 out of 308 companies for Owner Earnings per Share (TTM). This places Aveanna Healthcare Holdings in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 18.12. Aveanna Healthcare Holdings' value of 0.36 is 98% below this benchmark. Historically, Aveanna Healthcare Holdings' own Owner Earnings per Share (TTM) has ranged from 17.13 to 460.53 over the past decade. While the company's 10-year median is 39.45 vs. the industry median of 18.12, Aveanna Healthcare 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 Owner Earnings per Share (TTM) for a Healthcare Providers & Services company?
The median Owner Earnings per Share (TTM) among Healthcare Providers & Services companies is 18.12, based on 308 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aveanna Healthcare Holdings's current Owner Earnings per Share (TTM) of 0.36 is 98% 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 Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Aveanna Healthcare Holdings. For the Healthcare Providers & Services industry, the median Owner Earnings per Share (TTM) is 18.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aveanna Healthcare Holdings's current Owner Earnings per Share (TTM) is 0.36, which is 99% below median its own 10-year median of 39.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aveanna Healthcare Holdings stock overvalued right now?
Based on GuruFocus' analysis, Aveanna Healthcare Holdings (AVAH) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.18, compared to a current price of $9.69 — trading 87.1% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.36, which is 99% below median its 10-year median of 39.45 and 98% below the Healthcare Providers & Services industry median of 18.12. Aveanna Healthcare Holdings' overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For Aveanna Healthcare Holdings (AVAH), the current Owner Earnings per Share (TTM) is 0.36 as of Mar. 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 Aveanna Healthcare Holdings (AVAH) Overvalued in 2026?

Based on GuruFocus' analysis, Aveanna Healthcare Holdings stock appears to be overvalued. The current stock price of $9.69 is trading 87.1% above its estimated GF Value™ of $5.18. GuruFocus considers Aveanna Healthcare Holdings to be Significantly Overvalued.

Key valuation signals for AVAH:

  • Owner Earnings per Share (TTM): 0.36 (99% below median its 10-year median of 39.45)
  • GF Value™: $5.18 vs. price of $9.69 (87.1% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 98% below the Healthcare Providers & Services median (#201 of 308)

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


Aveanna Healthcare Holdings Business Description

Address 400 Interstate North Parkway SE, Suite 1600, Atlanta, GA, USA, 30339
Aveanna Healthcare Holdings Inc is a diversified home care platform that provides care to medically complex, high-cost patient populations. It directly addresses the pressing challenges facing the U.S. healthcare system by providing safe, high-quality care in the home. The firm provides its services through three segments: Private Duty Services (PDS); Home Health & Hospice (HHH); and Medical Solutions (MS). The Private Duty Services segment generates the majority of revenue, which includes private duty skilled nursing services, non-clinical and personal care services, and pediatric therapy services, and is principally reimbursed by Medicaid and Medicaid MCO.
63GF Score

Get the complete analysis for AVAH

Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.69
Price
$5.18
GF Value