NCC Group (FRA:NZB) Owner Earnings per Share (TTM): 0.13 (As of Sep. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:NZB NCC Group PLC FRA:NZB
67 GF Score
Price €1.51
GF Value €1.44
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is NCC Group Owner Earnings per Share (TTM)?

NCC Group FRA:NZB -1.33% 67 Owner Earnings per Share (TTM) is 0.13 as of Sep. 2025. GuruFocus rates FRA:NZB with a GF Score™ of 67/100 and a GF Value™ of €1.44 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,197 Software companies, NCC Group ranks better than 72.26% 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)."

NCC Group 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 NCC Group's Owner Earnings per Share (TTM) or its related term are showing as below:

FRA:NZB' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.12   Med: 17.96   Max: 39.96
Current: 10.75


During the past 13 years, the highest Price-to-Owner-Earnings ratio of NCC Group was 39.96. The lowest was 5.12. And the median was 17.96.


FRA:NZB's Price-to-Owner-Earnings is ranked better than
72.26% of 1197 companies
in the Software industry
Industry Median: 18.33 vs FRA:NZB: 10.75

NCC Group's Earnings per Share (Diluted) for the six months ended in Mar. 2026 was €0.03. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.03. It's PE Ratio (TTM) ratio for today is 44.41.

NCC Group's EPS without NRI for the six months ended in Mar. 2026 was €0.04. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was €0.06. It's PE Ratio without NRI ratio for today is 23.59.


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.


NCC Group Owner Earnings per Share (TTM) Related Terms


NCC Group Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for NCC Group'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.

NCC Group Owner Earnings per Share (TTM) Chart

NCC Group Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 Sep24 Sep25
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.18 0.06 -0.19 0.13

NCC Group Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Mar25 Sep25 Mar26
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 0.03 -0.03 0.05 0.12 0.10

FRA:NZB vs MSFT, PLTR, ORCL: Owner Earnings per Share (TTM) Comparison

For the Software - Infrastructure subindustry, NCC Group'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.


NCC Group Price-to-Owner-Earnings vs Software Industry

For the Software industry and Technology sector, NCC Group's Price-to-Owner-Earnings distribution charts can be found below:

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


FRA:NZB
67GF Score
NCC Group PLC FRA:NZB
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NCC Group 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)

NCC Group does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.

What does a Owner Earnings per Share (TTM) of 0.13 mean?
NCC Group (FRA:NZB) has a Owner Earnings per Share (TTM) of 0.13 as of Sep. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on NCC Group. According to the industry distribution chart, NCC Group ranks #332 out of 1197 companies in the Software industry, placing it in the top 27.7%.
Is NCC Group's Owner Earnings per Share (TTM) too high?
NCC Group's current Owner Earnings per Share (TTM) is 0.13. The Software industry median Owner Earnings per Share (TTM) is 18.33. NCC Group's value of 0.13 is 99.3% below this industry median. Based on the distribution chart, NCC Group ranks #332 out of 1197 companies in the Software industry, which is above the industry midpoint. Overall, NCC Group has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NCC Group's Owner Earnings per Share (TTM) compare to MSFT and PLTR?
According to the Software industry distribution chart, NCC Group ranks #332 out of 1197 companies for Owner Earnings per Share (TTM). This puts NCC Group in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 18.33. NCC Group's value of 0.13 is 99.3% below this benchmark. 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 Software company?
The median Owner Earnings per Share (TTM) among Software companies is 18.33, based on 1,197 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. NCC Group's current Owner Earnings per Share (TTM) of 0.13 is 99.3% 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 NCC Group. For the Software industry, the median Owner Earnings per Share (TTM) is 18.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCC Group's current Owner Earnings per Share (TTM) is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCC Group stock overvalued right now?
Based on GuruFocus' analysis, NCC Group (FRA:NZB) is currently considered Fairly Valued. The stock's GF Value™ is €1.44, compared to a current price of €1.51 — trading 4.9% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.13 and 99.3% below the Software industry median of 18.33. NCC Group's overall GF Score™ is 67/100 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 NCC Group (FRA:NZB), the current Owner Earnings per Share (TTM) is 0.13 as of Sep. 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 NCC Group (FRA:NZB) Overvalued in 2026?

Based on GuruFocus' analysis, NCC Group stock appears to be overvalued. The current stock price of €1.51 is trading 4.9% above its estimated GF Value™ of €1.44. GuruFocus considers NCC Group to be Fairly Valued.

Key valuation signals for FRA:NZB:

  • Owner Earnings per Share (TTM): 0.13
  • GF Value™: €1.44 vs. price of €1.51 (4.9% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 99.3% below the Software median (#332 of 1197)

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


NCC Group Business Description

Other Exchanges NCCGF:USANCCl:UKNCC:UK
Address 2 Hardman Boulevard, XYZ Building, Spinningfields, Manchester, GBR, M3 3AQ
NCC Group PLC is a UK-based global provider of cyber security and software resilience services. The company operates through two main divisions: Cyber Security, which offers assurance, advisory, and managed services including penetration testing, incident response, threat intelligence, and security monitoring; and Escrow, which provides software escrow and verification services that protect businesses relying on third-party software. Its clients span a wide range of sectors, including technology, financial services, government, healthcare, and critical national infrastructure. NCC Group serves customers across the United Kingdom, North America, Europe, and Asia-Pacific, with the UK and North America representing its largest markets. Revenue is generated primarily through time-and-materials consulting engagements, recurring managed service contracts, and subscription-based escrow agreements. The company is headquartered in Manchester, England, and is listed on the London Stock Exchange.
67GF Score

Get the complete analysis for FRA:NZB

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

€1.51
Price
€1.44
GF Value