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Element Fleet ManagementELEEF 73 Owner Earnings per Share (TTM) is 1.78 as of Jun. 2026, which is 60% below its 10-year median of 4.40. GuruFocus rates ELEEF with a GF Score™ of 73/100 and a GF Value™ of $21.02 (Fairly Valued). The stock has 6 warning signs investors should review. Among 552 Business Services companies, Element Fleet Management ranks better than 53.99% 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)."
Element Fleet Management's Owner Earnings per Share (TTM) ended in Jun. 2026 was $1.78. It's Price-to-Owner-Earnings ratio for today is 11.51.
The historical rank and industry rank for Element Fleet Management's Owner Earnings per Share (TTM) or its related term are showing as below:
ELEEF'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.55 Med: 4.4 Max: 101.33
Current: 11.52
ELEEF's Price-to-Owner-Earnings is ranked better than 53.99% of 552
companies
in the Business Services industry
Industry Median: 12.705
vs ELEEF: 11.52
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.
Element Fleet Management Owner Earnings per Share (TTM) Related Terms
Element Fleet Management Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Element Fleet Management'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.
Element Fleet Management Owner Earnings per Share (TTM) Chart
ELEEF vs URI, SUNB, AER: Owner Earnings per Share (TTM) Comparison
For the Rental & Leasing Services subindustry, Element Fleet Management'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.
Element Fleet Management Price-to-Owner-Earnings vs Business Services Industry
For the Business Services industry and Industrials sector, Element Fleet Management's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Element Fleet Management'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.
Element Fleet Management's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jun. 2026 was $0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $63 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.
Element Fleet Management's 5-Year Average Maintenance Capital Expenditure = $63 Mil
5. "Change In Working Capital" is from cashflow statement. Element Fleet Management's Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2026 was $-274 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 1.78 mean?
Element Fleet Management (ELEEF) has a Owner Earnings per Share (TTM) of 1.78 as of Jun. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Element Fleet Management. This is 60% below median its historical median of 4.40. Over the past decade, Element Fleet Management's Owner Earnings per Share (TTM) has ranged from 1.55 to 101.33. According to the industry distribution chart, Element Fleet Management ranks #254 out of 552 companies in the Business Services industry, placing it in the top 46%.
Is Element Fleet Management's Owner Earnings per Share (TTM) too high?
Element Fleet Management's current Owner Earnings per Share (TTM) of 1.78 is 60% below median its 10-year median of 4.40. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 101.33. The Business Services industry median Owner Earnings per Share (TTM) is 12.71. Element Fleet Management's value of 1.78 is 86% below this industry median. Based on the distribution chart, Element Fleet Management ranks #254 out of 552 companies in the Business Services industry, which is above the industry midpoint. Overall, Element Fleet Management has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Element Fleet Management's Owner Earnings per Share (TTM) compare to URI and SUNB?
According to the Business Services industry distribution chart, Element Fleet Management ranks #254 out of 552 companies for Owner Earnings per Share (TTM). This puts Element Fleet Management in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 12.71. Element Fleet Management's value of 1.78 is 86% below this benchmark. Historically, Element Fleet Management's own Owner Earnings per Share (TTM) has ranged from 1.55 to 101.33 over the past decade. While the company's 10-year median is 4.40 vs. the industry median of 12.71, Element Fleet Management 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 Business Services company?
The median Owner Earnings per Share (TTM) among Business Services companies is 12.71, 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. Element Fleet Management's current Owner Earnings per Share (TTM) of 1.78 is 86% 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 Element Fleet Management. For the Business Services industry, the median Owner Earnings per Share (TTM) is 12.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Element Fleet Management's current Owner Earnings per Share (TTM) is 1.78, which is 60% below median its own 10-year median of 4.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Element Fleet Management stock overvalued right now?
Based on GuruFocus' analysis, Element Fleet Management (ELEEF) is currently considered Fairly Valued. The stock's GF Value™ is $21.02, compared to a current price of $20.49 — trading 2.5% below its estimated fair value. The current Owner Earnings per Share (TTM) is 1.78, which is 60% below median its 10-year median of 4.40 and 86% below the Business Services industry median of 12.71. Element Fleet Management's overall GF Score™ is 73/100 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 Element Fleet Management (ELEEF), the current Owner Earnings per Share (TTM) is 1.78 as of Jun. 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 Element Fleet Management (ELEEF) Overvalued in 2026?
Based on GuruFocus' analysis, Element Fleet Management stock appears to be undervalued.
The current stock price of $20.49 is trading 2.5% below its estimated GF Value™ of $21.02.
GuruFocus considers Element Fleet Management to be Fairly Valued.
Key valuation signals for ELEEF:
Owner Earnings per Share (TTM): 1.78 (60% below median its 10-year median of 4.40)
GF Value™: $21.02 vs. price of $20.49 (2.5% below fair value)
Industry Position: 86% below the Business Services median (#254 of 552)
No single metric tells the full story. See the ELEEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Element Fleet Management Corp is a fleet management company, providing services and financing for commercial vehicle and equipment fleets. Their services include vehicle acquisition, maintenance, route optimization, risk management, and remarketing, as well as advising on decarbonization efforts, integration of electric vehicles, and managing the complexity of gradual fleet electrification.
73GF Score
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Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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