BRP (DOO) Owner Earnings per Share (TTM): 6.06 (As of Apr. 2026) — 49% Below Median

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DOO BRP Inc DOO
85 GF Score
Price $61.79
GF Value $62.63
Valuation Fairly Valued
! 4 Warning Signs
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What is BRP Owner Earnings per Share (TTM)?

BRP DOO -0.06% 85 Owner Earnings per Share (TTM) is 6.06 as of Apr. 2026, which is 49% below its 10-year median of 11.80. GuruFocus rates DOO with a GF Score™ of 85/100 and a GF Value™ of $62.63 (Fairly Valued). The stock has 4 warning signs investors should review. Among 706 Vehicles & Parts companies, BRP ranks better than 60.91% 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)."

BRP's Owner Earnings per Share (TTM) ended in Apr. 2026 was $6.06. It's Price-to-Owner-Earnings ratio for today is 10.2.


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

DOO' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4.45   Med: 11.8   Max: 103.61
Current: 10.17


During the past 13 years, the highest Price-to-Owner-Earnings ratio of BRP was 103.61. The lowest was 4.45. And the median was 11.80.


DOO's Price-to-Owner-Earnings is ranked better than
60.91% of 706 companies
in the Vehicles & Parts industry
Industry Median: 15.12 vs DOO: 10.17

BRP's Earnings per Share (Diluted) for the three months ended in Apr. 2026 was $1.27. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was $2.64. It's PE Ratio (TTM) ratio for today is 23.39.

BRP's EPS without NRI for the three months ended in Apr. 2026 was $1.33. Its EPS without NRI for the trailing twelve months (TTM) ended in Apr. 2026 was $4.75. It's PE Ratio without NRI ratio for today is 13.02.


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.


BRP Owner Earnings per Share (TTM) Related Terms


BRP Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for BRP'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.

BRP Owner Earnings per Share (TTM) Chart

BRP Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.05 3.96 11.29 -1.39 5.45

BRP Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.90 0.74 3.10 5.45 6.25

DOO vs BC, PII, THO: Owner Earnings per Share (TTM) Comparison

For the Recreational Vehicles subindustry, BRP'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.


BRP Price-to-Owner-Earnings vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BRP's Price-to-Owner-Earnings distribution charts can be found below:

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


DOO
85GF Score
BRP Inc DOO
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BRP 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)

BRP's Owner Earnings per Share (TTM) Calculation:

TTM / Last Quarter Average of Last 20 Quarters
Net Income 196
Depreciation, Depletion and Amortization 330
Change In Deferred Tax 34
5Y Average of Maintenance Capital Expenditure 318
Change In Working Capital 200
Shares Outstanding (Diluted Average) 74

1. Start with "Net Income" from income statement. BRP's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was $196 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. BRP's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Apr. 2026 was $330 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. BRP's Change In Deferred Tax for the trailing twelve months (TTM) ended in Apr. 2026 was $34 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $318 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.

BRP's 5-Year Average Maintenance Capital Expenditure = $318 Mil

5. "Change In Working Capital" is from cashflow statement. BRP's Change In Working Capital for the trailing twelve months (TTM) ended in Apr. 2026 was $200 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. BRP's Shares Outstanding (Diluted Average) for the months ended in Apr. 2026 was 73.932 Mil.

BRP's Onwer Earnings Per Share for Apr. 2026 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 196.158 +330.453+33.658
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-318.23148141346+199.757)/73.932
=6.06

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=61.79/6.06
=10.2

* 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 6.06 mean?
BRP (DOO) has a Owner Earnings per Share (TTM) of 6.06 as of Apr. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on BRP. This is 49% below median its historical median of 11.80. Over the past decade, BRP's Owner Earnings per Share (TTM) has ranged from 4.45 to 103.61. According to the industry distribution chart, BRP ranks #276 out of 706 companies in the Vehicles & Parts industry, placing it in the top 39.1%.
Is BRP's Owner Earnings per Share (TTM) too high?
BRP's current Owner Earnings per Share (TTM) of 6.06 is 49% below median its 10-year median of 11.80. Over the past 10 years, this metric has ranged from a low of 4.45 to a high of 103.61. The Vehicles & Parts industry median Owner Earnings per Share (TTM) is 15.12. BRP's value of 6.06 is 59.9% below this industry median. Based on the distribution chart, BRP ranks #276 out of 706 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, BRP has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BRP's Owner Earnings per Share (TTM) compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, BRP ranks #276 out of 706 companies for Owner Earnings per Share (TTM). This puts BRP in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 15.12. BRP's value of 6.06 is 59.9% below this benchmark. Historically, BRP's own Owner Earnings per Share (TTM) has ranged from 4.45 to 103.61 over the past decade. While the company's 10-year median is 11.80 vs. the industry median of 15.12, BRP 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 Vehicles & Parts company?
The median Owner Earnings per Share (TTM) among Vehicles & Parts companies is 15.12, based on 706 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. BRP's current Owner Earnings per Share (TTM) of 6.06 is 59.9% 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 BRP. For the Vehicles & Parts industry, the median Owner Earnings per Share (TTM) is 15.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BRP's current Owner Earnings per Share (TTM) is 6.06, which is 49% below median its own 10-year median of 11.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRP stock overvalued right now?
Based on GuruFocus' analysis, BRP (DOO) is currently considered Fairly Valued. The stock's GF Value™ is $62.63, compared to a current price of $61.79 — trading 1.3% below its estimated fair value. The current Owner Earnings per Share (TTM) is 6.06, which is 49% below median its 10-year median of 11.80 and 59.9% below the Vehicles & Parts industry median of 15.12. BRP's overall GF Score™ is 85/100 with 4 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 BRP (DOO), the current Owner Earnings per Share (TTM) is 6.06 as of Apr. 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 BRP (DOO) Overvalued in 2026?

Based on GuruFocus' analysis, BRP stock appears to be undervalued. The current stock price of $61.79 is trading 1.3% below its estimated GF Value™ of $62.63. GuruFocus considers BRP to be Fairly Valued.

Key valuation signals for DOO:

  • Owner Earnings per Share (TTM): 6.06 (49% below median its 10-year median of 11.80)
  • GF Value™: $62.63 vs. price of $61.79 (1.3% below fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 59.9% below the Vehicles & Parts median (#276 of 706)

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


BRP Business Description

Other Exchanges B15A:GermanyDOO:Canada
Address 726 Saint-Joseph Street, Valcourt, QC, CAN, J0E 2L0
BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after shuttering the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, which has largely been divested; Manitou was sold in the third quarter of fiscal 2026, and Telwater remains up for sale. At the end of fiscal 2026, the company sold its products through a network of more than 2,050 independent dealers and 140 distributors in around 110 countries.
85GF Score

Get the complete analysis for DOO

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

$61.79
Price
$62.63
GF Value