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Finance of AmericaFOA -1.86%51 Owner Earnings per Share (TTM) is 1.98 as of Mar. 2026, which is 81% below its 10-year median of 10.64. GuruFocus rates FOA with a GF Score™ of 51/100 and a GF Value™ of $26.94 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 206 Credit Services companies, Finance of America ranks worse than 54.37% 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)."
Finance of America's Owner Earnings per Share (TTM) ended in Mar. 2026 was $1.98. It's Price-to-Owner-Earnings ratio for today is 11.49.
The historical rank and industry rank for Finance of America's Owner Earnings per Share (TTM) or its related term are showing as below:
FOA'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 6.76 Med: 10.64 Max: 28.28
Current: 11.48
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.
Finance of America Owner Earnings per Share (TTM) Related Terms
Finance of America Owner Earnings per Share (TTM) Historical Data
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The historical data trend for Finance of America'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.
Finance of America Owner Earnings per Share (TTM) Chart
FOA vs CPSS, XYF, PMTS: Owner Earnings per Share (TTM) Comparison
For the Credit Services subindustry, Finance of America'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.
Finance of America Price-to-Owner-Earnings vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Finance of America's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Finance of America'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. Finance of America's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was $32.5 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.
Finance of America's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was $0.0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $33.2 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.
Finance of America's 5-Year Average Maintenance Capital Expenditure = $33.2 Mil
5. "Change In Working Capital" is from cashflow statement. Finance of America's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 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 1.98 mean?
Finance of America (FOA) has a Owner Earnings per Share (TTM) of 1.98 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Finance of America. This is 81% below median its historical median of 10.64. Over the past decade, Finance of America's Owner Earnings per Share (TTM) has ranged from 6.76 to 28.28. According to the industry distribution chart, Finance of America ranks #112 out of 206 companies in the Credit Services industry, placing it in the top 54.4%.
Is Finance of America's Owner Earnings per Share (TTM) too high?
Finance of America's current Owner Earnings per Share (TTM) of 1.98 is 81% below median its 10-year median of 10.64. Over the past 10 years, this metric has ranged from a low of 6.76 to a high of 28.28. The Credit Services industry median Owner Earnings per Share (TTM) is 9.43. Finance of America's value of 1.98 is 79% below this industry median. Based on the distribution chart, Finance of America ranks #112 out of 206 companies in the Credit Services industry, which is below the industry midpoint. Overall, Finance of America has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finance of America's Owner Earnings per Share (TTM) compare to CPSS and XYF?
According to the Credit Services industry distribution chart, Finance of America ranks #112 out of 206 companies for Owner Earnings per Share (TTM). This places Finance of America in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 9.43. Finance of America's value of 1.98 is 79% below this benchmark. Historically, Finance of America's own Owner Earnings per Share (TTM) has ranged from 6.76 to 28.28 over the past decade. While the company's 10-year median is 10.64 vs. the industry median of 9.43, Finance of America 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 Credit Services company?
The median Owner Earnings per Share (TTM) among Credit Services companies is 9.43, based on 206 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. Finance of America's current Owner Earnings per Share (TTM) of 1.98 is 79% 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 Finance of America. For the Credit Services industry, the median Owner Earnings per Share (TTM) is 9.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finance of America's current Owner Earnings per Share (TTM) is 1.98, which is 81% below median its own 10-year median of 10.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finance of America stock overvalued right now?
Based on GuruFocus' analysis, Finance of America (FOA) is currently considered Modestly Undervalued. The stock's GF Value™ is $26.94, compared to a current price of $22.75 — trading 15.6% below its estimated fair value. The current Owner Earnings per Share (TTM) is 1.98, which is 81% below median its 10-year median of 10.64 and 79% below the Credit Services industry median of 9.43. Finance of America's overall GF Score™ is 51/100 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 Finance of America (FOA), the current Owner Earnings per Share (TTM) is 1.98 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 Finance of America (FOA) Overvalued in 2026?
Based on GuruFocus' analysis, Finance of America stock appears to be undervalued.
The current stock price of $22.75 is trading 15.6% below its estimated GF Value™ of $26.94.
GuruFocus considers Finance of America to be Modestly Undervalued.
Key valuation signals for FOA:
Owner Earnings per Share (TTM): 1.98 (81% below median its 10-year median of 10.64)
GF Value™: $26.94 vs. price of $22.75 (15.6% below fair value)
Industry Position: 79% below the Credit Services median (#112 of 206)
No single metric tells the full story. See the FOA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finance of America Companies Inc provides home equity-based financing solutions for modern retirement and offers capital markets and portfolio management capabilities to optimize loan distribution to investors. The Company operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment handles loan origination, including HECM and non-agency reverse mortgage loans, generating revenue from origination fees and initial gains, with loans transferred to the Portfolio Management segment. The Portfolio Management segment, which generates the majority of revenue, provides securitization, loan sales, risk management, and asset management services, and earns revenue from net interest income, fair value changes, and servicing-related income.
51GF Score
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