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Howden Joinery GroupHWDJF 91 Owner Earnings per Share (TTM) is 0.82 as of Dec. 2025, which is 95% below its 10-year median of 18.12. GuruFocus rates HWDJF with a GF Scoreâ„¢ of 91/100 and a GF Valueâ„¢ of $12.39 (Fairly Valued). The stock has 1 warning sign investors should review. Among 201 Furnishings, Fixtures & Appliances companies, Howden Joinery Group ranks better than 54.23% 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)."
Howden Joinery Group's Owner Earnings per Share (TTM) ended in Dec. 2025 was $0.82. It's Price-to-Owner-Earnings ratio for today is 14.09.
The historical rank and industry rank for Howden Joinery Group's Owner Earnings per Share (TTM) or its related term are showing as below:
HWDJF'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.13 Med: 18.12 Max: 34.71
Current: 14.08
HWDJF's Price-to-Owner-Earnings is ranked better than 54.23% of 201
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 15.55
vs HWDJF: 14.08
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.
Howden Joinery Group Owner Earnings per Share (TTM) Related Terms
Howden Joinery Group Owner Earnings per Share (TTM) Historical Data
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The historical data trend for Howden Joinery 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.
Howden Joinery Group Owner Earnings per Share (TTM) Chart
HWDJF vs SN, SGI, MHK: Owner Earnings per Share (TTM) Comparison
For the Furnishings, Fixtures & Appliances subindustry, Howden Joinery 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.
Howden Joinery Group Price-to-Owner-Earnings vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Howden Joinery Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Howden Joinery 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)."
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.
Howden Joinery Group'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 = $121 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.
Howden Joinery Group's 5-Year Average Maintenance Capital Expenditure = $121 Mil
5. "Change In Working Capital" is from cashflow statement. Howden Joinery Group's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was $-33 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 0.82 mean?
Howden Joinery Group (HWDJF) has a Owner Earnings per Share (TTM) of 0.82 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Howden Joinery Group. This is 95% below median its historical median of 18.12. Over the past decade, Howden Joinery Group's Owner Earnings per Share (TTM) has ranged from 8.13 to 34.71. According to the industry distribution chart, Howden Joinery Group ranks #92 out of 201 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 45.8%.
Is Howden Joinery Group's Owner Earnings per Share (TTM) too high?
Howden Joinery Group's current Owner Earnings per Share (TTM) of 0.82 is 95% below median its 10-year median of 18.12. Over the past 10 years, this metric has ranged from a low of 8.13 to a high of 34.71. The Furnishings, Fixtures & Appliances industry median Owner Earnings per Share (TTM) is 15.55. Howden Joinery Group's value of 0.82 is 94.7% below this industry median. Based on the distribution chart, Howden Joinery Group ranks #92 out of 201 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Howden Joinery Group has a GF Scoreâ„¢ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Howden Joinery Group's Owner Earnings per Share (TTM) compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Howden Joinery Group ranks #92 out of 201 companies for Owner Earnings per Share (TTM). This puts Howden Joinery Group in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 15.55. Howden Joinery Group's value of 0.82 is 94.7% below this benchmark. Historically, Howden Joinery Group's own Owner Earnings per Share (TTM) has ranged from 8.13 to 34.71 over the past decade. While the company's 10-year median is 18.12 vs. the industry median of 15.55, Howden Joinery Group 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 Furnishings, Fixtures & Appliances company?
The median Owner Earnings per Share (TTM) among Furnishings, Fixtures & Appliances companies is 15.55, based on 201 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. Howden Joinery Group's current Owner Earnings per Share (TTM) of 0.82 is 94.7% 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 Howden Joinery Group. For the Furnishings, Fixtures & Appliances industry, the median Owner Earnings per Share (TTM) is 15.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howden Joinery Group's current Owner Earnings per Share (TTM) is 0.82, which is 95% below median its own 10-year median of 18.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howden Joinery Group stock overvalued right now?
Based on GuruFocus' analysis, Howden Joinery Group (HWDJF) is currently considered Fairly Valued. The stock's GF Value™ is $12.39, compared to a current price of $11.55 — trading 6.8% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.82, which is 95% below median its 10-year median of 18.12 and 94.7% below the Furnishings, Fixtures & Appliances industry median of 15.55. Howden Joinery Group's overall GF Score™ is 91/100 with 1 warning sign 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 Howden Joinery Group (HWDJF), the current Owner Earnings per Share (TTM) is 0.82 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 Howden Joinery Group (HWDJF) Overvalued in 2026?
Based on GuruFocus' analysis, Howden Joinery Group stock appears to be undervalued.
The current stock price of $11.55 is trading 6.8% below its estimated GF Value™ of $12.39.
GuruFocus considers Howden Joinery Group to be Fairly Valued.
Key valuation signals for HWDJF:
Owner Earnings per Share (TTM): 0.82 (95% below median its 10-year median of 18.12)
GF Value™: $12.39 vs. price of $11.55 (6.8% below fair value)
Industry Position: 94.7% below the Furnishings, Fixtures & Appliances median (#92 of 201)
No single metric tells the full story. See the HWDJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howden Joinery Group Plc is the UK's specialist trade-only kitchen and joinery supplier, focused on serving trade customers through an in-stock, local depot model supported by UK manufacturing, sourcing, and distribution. The Company designs, manufactures, and sources kitchen and joinery products, including cabinets, cabinet frontals, worktops, and skirting boards, and supplies a multiple products such as appliances, joinery, flooring, and hardware necessary to complete any kitchen, along with design, planning, and support services to trade customers. The business operates as a trade-only, in-stock kitchen and joinery supply model supported by manufacturing, sourcing, and distribution operations. It generates the majority of its revenue from the UK.
91GF Score
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