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Schwalbchen Molkerei Jakob Berz AGFRA:SMB 76 Owner Earnings per Share (TTM) is 1.95 as of Dec. 2025, which is 86% below its 10-year median of 14.33. GuruFocus rates FRA:SMB with a GF Score™ of 76/100 and a GF Value™ of €42.68 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 961 Consumer Packaged Goods companies, Schwalbchen Molkerei Jakob Berz AG ranks worse than 64.93% 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)."
Schwalbchen Molkerei Jakob Berz AG's Owner Earnings per Share (TTM) ended in Dec. 2025 was €1.95. It's Price-to-Owner-Earnings ratio for today is 24.31.
The historical rank and industry rank for Schwalbchen Molkerei Jakob Berz AG's Owner Earnings per Share (TTM) or its related term are showing as below:
FRA:SMB'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 3.8 Med: 14.33 Max: 65.73
Current: 22.07
FRA:SMB's Price-to-Owner-Earnings is ranked worse than 64.93% of 961
companies
in the Consumer Packaged Goods industry
Industry Median: 14.94
vs FRA:SMB: 22.07
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.
Schwalbchen Molkerei Jakob Berz AG Owner Earnings per Share (TTM) Related Terms
Schwalbchen Molkerei Jakob Berz AG Owner Earnings per Share (TTM) Historical Data
* 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.
Schwalbchen Molkerei Jakob Berz AG Owner Earnings per Share (TTM) Chart
FRA:SMB vs KHC, GIS, HRL: Owner Earnings per Share (TTM) Comparison
For the Packaged Foods subindustry, Schwalbchen Molkerei Jakob Berz 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.
Schwalbchen Molkerei Jakob Berz AG Price-to-Owner-Earnings vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Schwalbchen Molkerei Jakob Berz AG's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Schwalbchen Molkerei Jakob Berz 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.
Schwalbchen Molkerei Jakob Berz AG's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was €1.6 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = €2.8 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.
Schwalbchen Molkerei Jakob Berz AG's 5-Year Average Maintenance Capital Expenditure = €2.8 Mil
5. "Change In Working Capital" is from cashflow statement. Schwalbchen Molkerei Jakob Berz AG's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was €-2.3 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 1.95 mean?
Schwalbchen Molkerei Jakob Berz AG (FRA:SMB) has a Owner Earnings per Share (TTM) of 1.95 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Schwalbchen Molkerei Jakob Berz AG. This is 86% below median its historical median of 14.33. Over the past decade, Schwalbchen Molkerei Jakob Berz AG's Owner Earnings per Share (TTM) has ranged from 3.80 to 65.73. According to the industry distribution chart, Schwalbchen Molkerei Jakob Berz AG ranks #624 out of 961 companies in the Consumer Packaged Goods industry, placing it in the top 64.9%.
Is Schwalbchen Molkerei Jakob Berz AG's Owner Earnings per Share (TTM) too high?
Schwalbchen Molkerei Jakob Berz AG's current Owner Earnings per Share (TTM) of 1.95 is 86% below median its 10-year median of 14.33. Over the past 10 years, this metric has ranged from a low of 3.80 to a high of 65.73. The Consumer Packaged Goods industry median Owner Earnings per Share (TTM) is 14.94. Schwalbchen Molkerei Jakob Berz AG's value of 1.95 is 86.9% below this industry median. Based on the distribution chart, Schwalbchen Molkerei Jakob Berz AG ranks #624 out of 961 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Schwalbchen Molkerei Jakob Berz AG has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Schwalbchen Molkerei Jakob Berz AG's Owner Earnings per Share (TTM) compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Schwalbchen Molkerei Jakob Berz AG ranks #624 out of 961 companies for Owner Earnings per Share (TTM). This places Schwalbchen Molkerei Jakob Berz AG in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.94. Schwalbchen Molkerei Jakob Berz AG's value of 1.95 is 86.9% below this benchmark. Historically, Schwalbchen Molkerei Jakob Berz AG's own Owner Earnings per Share (TTM) has ranged from 3.80 to 65.73 over the past decade. While the company's 10-year median is 14.33 vs. the industry median of 14.94, Schwalbchen Molkerei Jakob Berz 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 Consumer Packaged Goods company?
The median Owner Earnings per Share (TTM) among Consumer Packaged Goods companies is 14.94, based on 961 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. Schwalbchen Molkerei Jakob Berz AG's current Owner Earnings per Share (TTM) of 1.95 is 86.9% 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 Schwalbchen Molkerei Jakob Berz AG. For the Consumer Packaged Goods industry, the median Owner Earnings per Share (TTM) is 14.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Schwalbchen Molkerei Jakob Berz AG's current Owner Earnings per Share (TTM) is 1.95, which is 86% below median its own 10-year median of 14.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Schwalbchen Molkerei Jakob Berz AG stock overvalued right now?
Based on GuruFocus' analysis, Schwalbchen Molkerei Jakob Berz AG (FRA:SMB) is currently considered Modestly Overvalued. The stock's GF Value™ is €42.68, compared to a current price of €47.40 — trading 11.1% above its estimated fair value. The current Owner Earnings per Share (TTM) is 1.95, which is 86% below median its 10-year median of 14.33 and 86.9% below the Consumer Packaged Goods industry median of 14.94. Schwalbchen Molkerei Jakob Berz AG's overall GF Score™ is 76/100 with 2 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 Schwalbchen Molkerei Jakob Berz AG (FRA:SMB), the current Owner Earnings per Share (TTM) is 1.95 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 Schwalbchen Molkerei Jakob Berz AG (FRA:SMB) Overvalued in 2026?
Based on GuruFocus' analysis, Schwalbchen Molkerei Jakob Berz AG stock appears to be overvalued.
The current stock price of €47.40 is trading 11.1% above its estimated GF Value™ of €42.68.
GuruFocus considers Schwalbchen Molkerei Jakob Berz AG to be Modestly Overvalued.
Key valuation signals for FRA:SMB:
Owner Earnings per Share (TTM): 1.95 (86% below median its 10-year median of 14.33)
GF Value™: €42.68 vs. price of €47.40 (11.1% above fair value)
Industry Position: 86.9% below the Consumer Packaged Goods median (#624 of 961)
No single metric tells the full story. See the FRA:SMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Schwalbchen Molkerei Jakob Berz AG is engaged in processing and distribution of milk and milk products, the wholesale of dairy products and related foodstuffs. The company acts as a regional brand supplier of fresh and long-life milk, as well as fresh produce such as yogurt, whipped cream, sour cream, natural and fruit quark, cream, and sponge cake under the name SCHWALBCHEN. Specialties such as the coffee beverage Caffreddo and ethnic items such as Ayran are marketed nationwide. The company is engaged in the wholesale consumer trade segment.
76GF Score
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