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Kobenhavns LufthavneCHIX:KBHLC 79 Owner Earnings per Share (TTM) is 14.27 as of Mar. 2026, which is 89% below its 10-year median of 128.99. GuruFocus rates CHIX:KBHLC with a GF Score™ of 79/100 and a GF Value™ of kr9,159.38. The stock has 3 warning signs investors should review. Among 552 Transportation companies, Kobenhavns Lufthavne ranks worse than 99.09% on this metric.
"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)."
Kobenhavns Lufthavne's Owner Earnings per Share (TTM) ended in Mar. 2026 was kr14.27. It's Price-to-Owner-Earnings ratio for today is 482.13.
The historical rank and industry rank for Kobenhavns Lufthavne's Owner Earnings per Share (TTM) or its related term are showing as below:
CHIX:KBHLc'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 90.85 Med: 128.99 Max: 1233.7
Current: 482.17
CHIX:KBHLc's Price-to-Owner-Earnings is ranked worse than 99.09% of 552
companies
in the Transportation industry
Industry Median: 13.155
vs CHIX:KBHLc: 482.17
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.
Kobenhavns Lufthavne Owner Earnings per Share (TTM) Related Terms
Kobenhavns Lufthavne Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Kobenhavns Lufthavne'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.
Kobenhavns Lufthavne Owner Earnings per Share (TTM) Chart
CHIX:KBHLC vs JOBY, CAAP: Owner Earnings per Share (TTM) Comparison
For the Airports & Air Services subindustry, Kobenhavns Lufthavne'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.
Kobenhavns Lufthavne Price-to-Owner-Earnings vs Transportation Industry
For the Transportation industry and Industrials sector, Kobenhavns Lufthavne's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Kobenhavns Lufthavne's Price-to-Owner-Earnings falls into.
"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)."
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.
Kobenhavns Lufthavne's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was kr0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = kr1,198 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.
Kobenhavns Lufthavne's 5-Year Average Maintenance Capital Expenditure = kr1,198 Mil
5. "Change In Working Capital" is from cashflow statement. Kobenhavns Lufthavne's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was kr0 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.
* 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 14.27 mean?
Kobenhavns Lufthavne (CHIX:KBHLC) has a Owner Earnings per Share (TTM) of 14.27 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Kobenhavns Lufthavne. This is 89% below median its historical median of 128.99. Over the past decade, Kobenhavns Lufthavne's Owner Earnings per Share (TTM) has ranged from 90.85 to 1,233.70. According to the industry distribution chart, Kobenhavns Lufthavne ranks #547 out of 552 companies in the Transportation industry, placing it in the top 99.1%.
Is Kobenhavns Lufthavne's Owner Earnings per Share (TTM) too high?
Kobenhavns Lufthavne's current Owner Earnings per Share (TTM) of 14.27 is 89% below median its 10-year median of 128.99. Over the past 10 years, this metric has ranged from a low of 90.85 to a high of 1,233.70. The Transportation industry median Owner Earnings per Share (TTM) is 13.16. Kobenhavns Lufthavne's value of 14.27 is 8.5% above this industry median. Based on the distribution chart, Kobenhavns Lufthavne ranks #547 out of 552 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Kobenhavns Lufthavne has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Kobenhavns Lufthavne's Owner Earnings per Share (TTM) compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Kobenhavns Lufthavne ranks #547 out of 552 companies for Owner Earnings per Share (TTM). This places Kobenhavns Lufthavne in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 13.16. Kobenhavns Lufthavne's value of 14.27 is 8.5% above this benchmark. Historically, Kobenhavns Lufthavne's own Owner Earnings per Share (TTM) has ranged from 90.85 to 1,233.70 over the past decade. While the company's 10-year median is 128.99 vs. the industry median of 13.16, Kobenhavns Lufthavne 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 Owner Earnings per Share (TTM) for a Transportation company?
The median Owner Earnings per Share (TTM) among Transportation companies is 13.16, based on 552 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. Kobenhavns Lufthavne's current Owner Earnings per Share (TTM) of 14.27 is 8.5% 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 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 Kobenhavns Lufthavne. For the Transportation industry, the median Owner Earnings per Share (TTM) is 13.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kobenhavns Lufthavne's current Owner Earnings per Share (TTM) is 14.27, which is 89% below median its own 10-year median of 128.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobenhavns Lufthavne stock overvalued right now?
Kobenhavns Lufthavne (CHIX:KBHLC) has a current Owner Earnings per Share (TTM) of 14.27. The stock's GF Value™ is kr9,159.38, compared to a current price of kr6,880.00 — trading 24.9% below its estimated fair value. The current Owner Earnings per Share (TTM) is 14.27, which is 89% below median its 10-year median of 128.99 and 8.5% above the Transportation industry median of 13.16. Kobenhavns Lufthavne's overall GF Score™ is 79/100 with 3 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 Kobenhavns Lufthavne (CHIX:KBHLC), the current Owner Earnings per Share (TTM) is 14.27 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 Kobenhavns Lufthavne (CHIX:KBHLC) Overvalued in 2026?
Based on GuruFocus' analysis, Kobenhavns Lufthavne stock appears to be undervalued.
The current stock price of kr6,880.00 is trading 24.9% below its estimated GF Value™ of kr9,159.38.
Key valuation signals for CHIX:KBHLC:
Owner Earnings per Share (TTM): 14.27 (89% below median its 10-year median of 128.99)
GF Value™: kr9,159.38 vs. price of kr6,880.00 (24.9% below fair value)
Industry Position: 8.5% above the Transportation median (#547 of 552)
No single metric tells the full story. See the CHIX:KBHLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kobenhavns Lufthavne owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two areas; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.
79GF Score
Get the complete analysis for CHIX:KBHLC
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