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AMAG Austria Metall AGFRA:AM8 -0.72%77 Owner Earnings per Share (TTM) is 2.33 as of Dec. 2025, which is 92% below its 10-year median of 27.75. GuruFocus rates FRA:AM8 with a GF Score™ of 77/100 and a GF Value™ of €26.46 (Fairly Valued). The stock has 7 warning signs investors should review. Among 422 Metals & Mining companies, AMAG Austria Metall AG ranks better than 62.8% 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)."
AMAG Austria Metall AG's Owner Earnings per Share (TTM) ended in Dec. 2025 was €2.33. It's Price-to-Owner-Earnings ratio for today is 11.8.
The historical rank and industry rank for AMAG Austria Metall AG's Owner Earnings per Share (TTM) or its related term are showing as below:
FRA:AM8'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 7.94 Med: 27.75 Max: 643.68
Current: 11.87
FRA:AM8's Price-to-Owner-Earnings is ranked better than 62.8% of 422
companies
in the Metals & Mining industry
Industry Median: 15.915
vs FRA:AM8: 11.87
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.
AMAG Austria Metall AG Owner Earnings per Share (TTM) Related Terms
AMAG Austria Metall AG Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for AMAG Austria Metall AG'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.
AMAG Austria Metall AG Owner Earnings per Share (TTM) Chart
FRA:AM8 vs AA, CENX, CSTM: Owner Earnings per Share (TTM) Comparison
For the Aluminum subindustry, AMAG Austria Metall AG'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.
AMAG Austria Metall AG Price-to-Owner-Earnings vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, AMAG Austria Metall AG's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where AMAG Austria Metall AG'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.
AMAG Austria Metall AG's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was €0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = €76 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.
AMAG Austria Metall AG's 5-Year Average Maintenance Capital Expenditure = €76 Mil
5. "Change In Working Capital" is from cashflow statement. AMAG Austria Metall AG's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was €45 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 2.33 mean?
AMAG Austria Metall AG (FRA:AM8) has a Owner Earnings per Share (TTM) of 2.33 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on AMAG Austria Metall AG. This is 92% below median its historical median of 27.75. Over the past decade, AMAG Austria Metall AG's Owner Earnings per Share (TTM) has ranged from 7.94 to 643.68. According to the industry distribution chart, AMAG Austria Metall AG ranks #157 out of 422 companies in the Metals & Mining industry, placing it in the top 37.2%.
Is AMAG Austria Metall AG's Owner Earnings per Share (TTM) too high?
AMAG Austria Metall AG's current Owner Earnings per Share (TTM) of 2.33 is 92% below median its 10-year median of 27.75. Over the past 10 years, this metric has ranged from a low of 7.94 to a high of 643.68. The Metals & Mining industry median Owner Earnings per Share (TTM) is 15.92. AMAG Austria Metall AG's value of 2.33 is 85.4% below this industry median. Based on the distribution chart, AMAG Austria Metall AG ranks #157 out of 422 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, AMAG Austria Metall AG has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AMAG Austria Metall AG's Owner Earnings per Share (TTM) compare to AA and CENX?
According to the Metals & Mining industry distribution chart, AMAG Austria Metall AG ranks #157 out of 422 companies for Owner Earnings per Share (TTM). This puts AMAG Austria Metall AG in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 15.92. AMAG Austria Metall AG's value of 2.33 is 85.4% below this benchmark. Historically, AMAG Austria Metall AG's own Owner Earnings per Share (TTM) has ranged from 7.94 to 643.68 over the past decade. While the company's 10-year median is 27.75 vs. the industry median of 15.92, AMAG Austria Metall AG 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 Metals & Mining company?
The median Owner Earnings per Share (TTM) among Metals & Mining companies is 15.92, based on 422 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. AMAG Austria Metall AG's current Owner Earnings per Share (TTM) of 2.33 is 85.4% 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 AMAG Austria Metall AG. For the Metals & Mining industry, the median Owner Earnings per Share (TTM) is 15.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AMAG Austria Metall AG's current Owner Earnings per Share (TTM) is 2.33, which is 92% below median its own 10-year median of 27.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMAG Austria Metall AG stock overvalued right now?
Based on GuruFocus' analysis, AMAG Austria Metall AG (FRA:AM8) is currently considered Fairly Valued. The stock's GF Value™ is €26.46, compared to a current price of €27.50 — trading 3.9% above its estimated fair value. The current Owner Earnings per Share (TTM) is 2.33, which is 92% below median its 10-year median of 27.75 and 85.4% below the Metals & Mining industry median of 15.92. AMAG Austria Metall AG's overall GF Score™ is 77/100 with 7 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 AMAG Austria Metall AG (FRA:AM8), the current Owner Earnings per Share (TTM) is 2.33 as of Dec. 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 AMAG Austria Metall AG (FRA:AM8) Overvalued in 2026?
Based on GuruFocus' analysis, AMAG Austria Metall AG stock appears to be overvalued.
The current stock price of €27.50 is trading 3.9% above its estimated GF Value™ of €26.46.
GuruFocus considers AMAG Austria Metall AG to be Fairly Valued.
Key valuation signals for FRA:AM8:
Owner Earnings per Share (TTM): 2.33 (92% below median its 10-year median of 27.75)
GF Value™: €26.46 vs. price of €27.50 (3.9% above fair value)
Industry Position: 85.4% below the Metals & Mining median (#157 of 422)
No single metric tells the full story. See the FRA:AM8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AMAG Austria Metall AG is engaged in the production, processing and distribution of aluminium, aluminium semi-finished products and cast products. The company operates through four segments: I) Metal, producing and marketing primary aluminium and managing price risk; ii) Casting, manufacturing aluminium casting alloys for automotive, engineering, and electrical industries; iii) Rolling, producing aluminium sheets, coils, and plates; and iv) Service, providing centralized operational and management support across the group. The majority of the company's revenue is derived from the Rolling segment. Its geographical divisions include Austria, Western Europe, Rest of Europe, North America, and Asia, Oceania and other.
77GF Score
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