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China Resources and Transportation GroupFRA:ZP3C Owner Earnings per Share (TTM) is -0.06 as of Mar. 2026. The stock has 7 warning signs investors should review. Among 812 Construction companies, China Resources and Transportation Group ranks better than 99.51% 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)."
China Resources and Transportation Group does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.
FRA:ZP3C's Price-to-Owner-Earnings is ranked better than 99.51% of 812
companies
in the Construction industry
Industry Median: 13.735
vs FRA:ZP3C: 0.16
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.
China Resources and Transportation Group Owner Earnings per Share (TTM) Related Terms
China Resources and Transportation Group 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.
China Resources and Transportation Group Owner Earnings per Share (TTM) Chart
China Resources and Transportation Group Annual Data
China Resources and Transportation Group Owner Earnings per Share (TTM) Competitor Comparison
For the Infrastructure Operations subindustry, China Resources and Transportation 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.
China Resources and Transportation Group Price-to-Owner-Earnings vs Construction Industry
For the Construction industry and Industrials sector, China Resources and Transportation Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where China Resources and Transportation Group'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 -0.06 mean?
China Resources and Transportation Group (FRA:ZP3C) has a Owner Earnings per Share (TTM) of -0.06 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on China Resources and Transportation Group. Over the past decade, China Resources and Transportation Group's Owner Earnings per Share (TTM) has ranged from 0.04 to 0.16. According to the industry distribution chart, China Resources and Transportation Group ranks #4 out of 812 companies in the Construction industry, placing it in the top 0.5%.
Is China Resources and Transportation Group's Owner Earnings per Share (TTM) too high?
China Resources and Transportation Group's current Owner Earnings per Share (TTM) is -0.06. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.16. Based on the distribution chart, China Resources and Transportation Group ranks #4 out of 812 companies in the Construction industry, which is in the top quartile — a strong position relative to peers.
How does China Resources and Transportation Group's Owner Earnings per Share (TTM) compare to competitors?
According to the Construction industry distribution chart, China Resources and Transportation Group ranks #4 out of 812 companies for Owner Earnings per Share (TTM). This places China Resources and Transportation Group in the top 1% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 13.74. Historically, China Resources and Transportation Group's own Owner Earnings per Share (TTM) has ranged from 0.04 to 0.16 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 Construction company?
The median Owner Earnings per Share (TTM) among Construction companies is 13.74, based on 812 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 China Resources and Transportation Group. For the Construction industry, the median Owner Earnings per Share (TTM) is 13.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources and Transportation Group's current Owner Earnings per Share (TTM) is -0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources and Transportation Group stock overvalued right now?
China Resources and Transportation Group (FRA:ZP3C) has a current Owner Earnings per Share (TTM) of -0.06. The current Owner Earnings per Share (TTM) is -0.06. 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 China Resources and Transportation Group (FRA:ZP3C), the current Owner Earnings per Share (TTM) is -0.06 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.
China Resources and Transportation Group Ltd is a China-based company. It operates through various business segments that are Expressway Operations, which includes operations, management, maintenance and auxiliary facility investment of Zhunxing Expressway; CNG gas stations operation includes operation of CNG gas stations; and Other Operations, which includes sales of timber logs from forest concession, tree plantation area and outside suppliers, sales of seedlings and refined plant oil. The Expressway Operations segment generates maximum revenue for the company. Geographically, the company has business operations in the PRC and Hong Kong.
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