Dubai Electricity & Water Authority PJSC (DFM:DEWA) Owner Earnings per Share (TTM): (As of Jun. 2026)

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DFM:DEWA Dubai Electricity & Water Authority PJSC DFM:DEWA
85 GF Score
Price د.إ2.72
GF Value د.إ2.82
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Dubai Electricity & Water Authority PJSC Owner Earnings per Share (TTM)?

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)."

Dubai Electricity & Water Authority PJSC does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for Dubai Electricity & Water Authority PJSC's Owner Earnings per Share (TTM) or its related term are showing as below:

DFM:DEWA' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 9.56   Med: 13.74   Max: 17.96
Current: 11.16


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Dubai Electricity & Water Authority PJSC was 17.96. The lowest was 9.56. And the median was 13.74.


DFM:DEWA's Price-to-Owner-Earnings is ranked better than
61.94% of 247 companies
in the Utilities - Regulated industry
Industry Median: 16.35 vs DFM:DEWA: 11.16

Dubai Electricity & Water Authority PJSC's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was د.إ0.05. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was د.إ0.18. It's PE Ratio (TTM) ratio for today is 15.45.

Dubai Electricity & Water Authority PJSC's EPS without NRI for the three months ended in Jun. 2026 was د.إ0.04. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was د.إ0.15. It's PE Ratio without NRI ratio for today is 18.01.


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 FactSet. 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.


Dubai Electricity & Water Authority PJSC Owner Earnings per Share (TTM) Related Terms


Dubai Electricity & Water Authority PJSC Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Dubai Electricity & Water Authority PJSC'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.

Dubai Electricity & Water Authority PJSC Owner Earnings per Share (TTM) Chart

Dubai Electricity & Water Authority PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.15 0.18 0.19 0.32

Dubai Electricity & Water Authority PJSC Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 - - - - -

DFM:DEWA vs SRE, AES: Owner Earnings per Share (TTM) Comparison

For the Utilities - Diversified subindustry, Dubai Electricity & Water Authority PJSC'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.


Dubai Electricity & Water Authority PJSC Price-to-Owner-Earnings vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Dubai Electricity & Water Authority PJSC's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Dubai Electricity & Water Authority PJSC's Price-to-Owner-Earnings falls into.


DFM:DEWA
85GF Score
Dubai Electricity & Water Authority PJSC DFM:DEWA
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dubai Electricity & Water Authority PJSC 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)

Dubai Electricity & Water Authority PJSC does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.

Is Dubai Electricity & Water Authority PJSC (DFM:DEWA) Overvalued in 2026?

Based on GuruFocus' analysis, Dubai Electricity & Water Authority PJSC stock appears to be undervalued. The current stock price of د.إ2.72 is trading 3.5% below its estimated GF Value™ of د.إ2.82. GuruFocus considers Dubai Electricity & Water Authority PJSC to be Fairly Valued.

Key valuation signals for DFM:DEWA:

  • Owner Earnings per Share (TTM):
  • GF Value™: د.إ2.82 vs. price of د.إ2.72 (3.5% below fair value)
  • GF Score™: 85/100 with 7 warning signs

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


Dubai Electricity & Water Authority PJSC Business Description

Address Sheikh Rashid Road, Umm Hurair 2, P.O. Box 564, Happiness Center Zaabeel East, Umm Hureir, Dubai, ARE
Dubai Electricity & Water Authority PJSC is engaged in water desalination and distribution and its generation, transmission, and distribution of electricity, throughout the Emirate of Dubai. The company operates into four segments; DEWA is engaged in the generation, transmission, and distribution of electricity and water desalination, transmission and distribution to residential, commercial, industrial, and government; EMPOWER is engaged in the provision of district cooling, maintenance of central cooling plants and manufacturing and sale of insulated pipes; IWPP is engaged in the development, operation and maintenance of power and water plants; and Others operations include purification and sale of potable water, and other. It generates maximum revenue from the DEWA segment.
85GF Score

Get the complete analysis for DFM:DEWA

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

د.إ2.72
Price
د.إ2.82
GF Value