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.
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.
Charter Hall GroupCTOUF +2.50%80 Owner Earnings per Share (TTM) is 0.50 as of Jun. 2025, which is 97% below its 10-year median of 16.17. GuruFocus rates CTOUF with a GF Score™ of 80/100 and a GF Value™ of $15.40 (Fairly Valued). The stock has 3 warning signs investors should review. Among 336 REITs companies, Charter Hall Group ranks worse than 81.85% 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)."
Charter Hall Group's Owner Earnings per Share (TTM) ended in Jun. 2025 was $0.50. It's Price-to-Owner-Earnings ratio for today is 31.6.
The historical rank and industry rank for Charter Hall Group's Owner Earnings per Share (TTM) or its related term are showing as below:
CTOUF'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.55 Med: 16.17 Max: 36.8
Current: 31.66
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.
Charter Hall Group Owner Earnings per Share (TTM) Related Terms
Charter Hall Group Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Charter Hall Group'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.
Charter Hall Group Owner Earnings per Share (TTM) Chart
CTOUF vs VICI, WPC, BNL: Owner Earnings per Share (TTM) Comparison
For the REIT - Diversified subindustry, Charter Hall Group'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.
Charter Hall Group Price-to-Owner-Earnings vs REITs Industry
For the REITs industry and Real Estate sector, Charter Hall Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Charter Hall Group'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)."
1. Start with "Net Income" from income statement. Charter Hall Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2025 was $213.3 Mil.
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.
Charter Hall Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jun. 2025 was $0.0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $2.5 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 year. If the revenue decreased from the previous year, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous year, 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.
Charter Hall Group's 5-Year Average Maintenance Capital Expenditure = $2.5 Mil
5. "Change In Working Capital" is from cashflow statement. Charter Hall Group's Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2025 was $0.0 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 0.50 mean?
Charter Hall Group (CTOUF) has a Owner Earnings per Share (TTM) of 0.50 as of Jun. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Charter Hall Group. This is 97% below median its historical median of 16.17. Over the past decade, Charter Hall Group's Owner Earnings per Share (TTM) has ranged from 5.55 to 36.80. According to the industry distribution chart, Charter Hall Group ranks #275 out of 336 companies in the REITs industry, placing it in the top 81.8%.
Is Charter Hall Group's Owner Earnings per Share (TTM) too high?
Charter Hall Group's current Owner Earnings per Share (TTM) of 0.50 is 97% below median its 10-year median of 16.17. Over the past 10 years, this metric has ranged from a low of 5.55 to a high of 36.80. The REITs industry median Owner Earnings per Share (TTM) is 14.45. Charter Hall Group's value of 0.50 is 96.5% below this industry median. Based on the distribution chart, Charter Hall Group ranks #275 out of 336 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Charter Hall Group has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Charter Hall Group's Owner Earnings per Share (TTM) compare to VICI and WPC?
According to the REITs industry distribution chart, Charter Hall Group ranks #275 out of 336 companies for Owner Earnings per Share (TTM). This places Charter Hall Group in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.45. Charter Hall Group's value of 0.50 is 96.5% below this benchmark. Historically, Charter Hall Group's own Owner Earnings per Share (TTM) has ranged from 5.55 to 36.80 over the past decade. While the company's 10-year median is 16.17 vs. the industry median of 14.45, Charter Hall Group 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 REITs company?
The median Owner Earnings per Share (TTM) among REITs companies is 14.45, based on 336 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. Charter Hall Group's current Owner Earnings per Share (TTM) of 0.50 is 96.5% 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 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 Charter Hall Group. For the REITs industry, the median Owner Earnings per Share (TTM) is 14.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Charter Hall Group's current Owner Earnings per Share (TTM) is 0.50, which is 97% below median its own 10-year median of 16.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charter Hall Group stock overvalued right now?
Based on GuruFocus' analysis, Charter Hall Group (CTOUF) is currently considered Fairly Valued. The stock's GF Value™ is $15.40, compared to a current price of $15.80 — trading 2.6% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.50, which is 97% below median its 10-year median of 16.17 and 96.5% below the REITs industry median of 14.45. Charter Hall Group's overall GF Score™ is 80/100 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 Charter Hall Group (CTOUF), the current Owner Earnings per Share (TTM) is 0.50 as of Jun. 2025. 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 Charter Hall Group (CTOUF) Overvalued in 2026?
Based on GuruFocus' analysis, Charter Hall Group stock appears to be overvalued.
The current stock price of $15.80 is trading 2.6% above its estimated GF Value™ of $15.40.
GuruFocus considers Charter Hall Group to be Fairly Valued.
Key valuation signals for CTOUF:
Owner Earnings per Share (TTM): 0.50 (97% below median its 10-year median of 16.17)
GF Value™: $15.40 vs. price of $15.80 (2.6% above fair value)
Industry Position: 96.5% below the REITs median (#275 of 336)
No single metric tells the full story. See the CTOUF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Charter Hall Group is the umbrella group of over 40 retail and institutional unlisted funds, as well as three listed REITs: Charter Hall Long WALE REIT, Charter Hall Retail REIT, and Charter Hall Social Infrastructure REIT. Investment management fees and property services fees from these investment vehicles are the main sources of revenue for Charter Hall. The aggregate portfolio across the platform has one third exposure to office, one third to logistics, and the remainder in retail, social infrastructure and listed equities. Charter Hall co-invests in many of the vehicles, so a portion of its earnings come from rent and fund distributions. The group also earns development revenue on projects that it manages, but this income stream is relatively small.
80GF Score
Get the complete analysis for CTOUF
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CTOUF has been successfully added to your 
