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.
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.
DeFi TechnologiesFRA:R9B -1.28%49 Owner Earnings per Share (TTM) is 0.00 as of Jun. 2026. GuruFocus rates FRA:R9B with a GF Score™ of 49/100 and a GF Value™ of €0.94 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 334 Capital Markets companies, DeFi Technologies ranks worse than 299400.9% 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)."
DeFi Technologies 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 DeFi Technologies's Owner Earnings per Share (TTM) or its related term are showing as below:
FRA:R9B's Price-to-Owner-Earnings is not ranked *
in the Capital Markets industry.
Industry Median: 14.83 * Ranked among companies with meaningful Price-to-Owner-Earnings only.
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.
DeFi Technologies Owner Earnings per Share (TTM) Related Terms
DeFi Technologies Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for DeFi Technologies'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.
DeFi Technologies Owner Earnings per Share (TTM) Chart
FRA:R9B vs MS, GS, SCHW: Owner Earnings per Share (TTM) Comparison
For the Capital Markets subindustry, DeFi Technologies'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.
DeFi Technologies Price-to-Owner-Earnings vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, DeFi Technologies's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where DeFi Technologies'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)."
What does a Owner Earnings per Share (TTM) of 0.00 mean?
DeFi Technologies (FRA:R9B) has a Owner Earnings per Share (TTM) of 0.00 as of Jun. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on DeFi Technologies. Over the past decade, DeFi Technologies' Owner Earnings per Share (TTM) has ranged from 5.28 to 222.00. According to the industry distribution chart, DeFi Technologies ranks #999999 out of 334 companies in the Capital Markets industry.
Is DeFi Technologies' Owner Earnings per Share (TTM) too high?
DeFi Technologies' current Owner Earnings per Share (TTM) is 0.00. Over the past 10 years, this metric has ranged from a low of 5.28 to a high of 222.00. Based on the distribution chart, DeFi Technologies ranks #999999 out of 334 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, DeFi Technologies has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DeFi Technologies' Owner Earnings per Share (TTM) compare to MS and GS?
According to the Capital Markets industry distribution chart, DeFi Technologies ranks #999999 out of 334 companies for Owner Earnings per Share (TTM). This places DeFi Technologies in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.83. Historically, DeFi Technologies' own Owner Earnings per Share (TTM) has ranged from 5.28 to 222.00 over the past decade. 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 Capital Markets company?
The median Owner Earnings per Share (TTM) among Capital Markets companies is 14.83, based on 334 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. 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 DeFi Technologies. For the Capital Markets industry, the median Owner Earnings per Share (TTM) is 14.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeFi Technologies's current Owner Earnings per Share (TTM) is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Technologies stock overvalued right now?
Based on GuruFocus' analysis, DeFi Technologies (FRA:R9B) is currently considered Possible Value Trap. The stock's GF Value™ is €0.94, compared to a current price of €0.40 — trading 57.4% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.00. DeFi Technologies' overall GF Score™ is 49/100 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 DeFi Technologies (FRA:R9B), the current Owner Earnings per Share (TTM) is 0.00 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 DeFi Technologies (FRA:R9B) Overvalued in 2026?
Based on GuruFocus' analysis, DeFi Technologies stock appears to be undervalued.
The current stock price of €0.40 is trading 57.4% below its estimated GF Value™ of €0.94.
GuruFocus considers DeFi Technologies to be Possible Value Trap.
Key valuation signals for FRA:R9B:
Owner Earnings per Share (TTM): 0.00
GF Value™: €0.94 vs. price of €0.40 (57.4% below fair value)
No single metric tells the full story. See the FRA:R9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DeFi Technologies Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies and protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets, providing premium membership for research reports to investors and offering node management of decentralized protocols to support governance, security and transaction validation.
49GF Score
Get the complete analysis for FRA:R9B
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:R9B has been successfully added to your 
