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Collins Property GroupJSE:CPP -3.51%61 Owner Earnings per Share (TTM) is 2.90 as of Feb. 2026, which is 55% below its 10-year median of 6.48. GuruFocus rates JSE:CPP with a GF Score™ of 61/100 and a GF Value™ of R9.09 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 790 Real Estate companies, Collins Property Group ranks better than 78.73% 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)."
Collins Property Group's Owner Earnings per Share (TTM) ended in Feb. 2026 was R2.90. It's Price-to-Owner-Earnings ratio for today is 3.79.
The historical rank and industry rank for Collins Property Group's Owner Earnings per Share (TTM) or its related term are showing as below:
JSE:CPP'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.74 Med: 6.48 Max: 30.59
Current: 3.94
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.
Collins Property Group Owner Earnings per Share (TTM) Related Terms
Collins Property Group Owner Earnings per Share (TTM) Historical Data
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The historical data trend for Collins Property 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.
Collins Property Group Owner Earnings per Share (TTM) Chart
JSE:CPP vs CBRE, BEKE, JLL: Owner Earnings per Share (TTM) Comparison
For the Real Estate Services subindustry, Collins Property 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.
Collins Property Group Price-to-Owner-Earnings vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Collins Property Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Collins Property 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.
Collins Property Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Feb. 2026 was R-10 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = R6 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.
Collins Property Group's 5-Year Average Maintenance Capital Expenditure = R6 Mil
5. "Change In Working Capital" is from cashflow statement. Collins Property Group's Change In Working Capital for the trailing twelve months (TTM) ended in Feb. 2026 was R16 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 2.90 mean?
Collins Property Group (JSE:CPP) has a Owner Earnings per Share (TTM) of 2.90 as of Feb. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Collins Property Group. This is 55% below median its historical median of 6.48. Over the past decade, Collins Property Group's Owner Earnings per Share (TTM) has ranged from 1.74 to 30.59. According to the industry distribution chart, Collins Property Group ranks #168 out of 790 companies in the Real Estate industry, placing it in the top 21.3%.
Is Collins Property Group's Owner Earnings per Share (TTM) too high?
Collins Property Group's current Owner Earnings per Share (TTM) of 2.90 is 55% below median its 10-year median of 6.48. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 30.59. The Real Estate industry median Owner Earnings per Share (TTM) is 9.52. Collins Property Group's value of 2.90 is 69.5% below this industry median. Based on the distribution chart, Collins Property Group ranks #168 out of 790 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Collins Property Group has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Collins Property Group's Owner Earnings per Share (TTM) compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Collins Property Group ranks #168 out of 790 companies for Owner Earnings per Share (TTM). This places Collins Property Group in the top 21% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 9.52. Collins Property Group's value of 2.90 is 69.5% below this benchmark. Historically, Collins Property Group's own Owner Earnings per Share (TTM) has ranged from 1.74 to 30.59 over the past decade. While the company's 10-year median is 6.48 vs. the industry median of 9.52, Collins Property 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 Real Estate company?
The median Owner Earnings per Share (TTM) among Real Estate companies is 9.52, based on 790 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. Collins Property Group's current Owner Earnings per Share (TTM) of 2.90 is 69.5% 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 Collins Property Group. For the Real Estate industry, the median Owner Earnings per Share (TTM) is 9.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Collins Property Group's current Owner Earnings per Share (TTM) is 2.90, which is 55% below median its own 10-year median of 6.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Collins Property Group stock overvalued right now?
Based on GuruFocus' analysis, Collins Property Group (JSE:CPP) is currently considered Modestly Overvalued. The stock's GF Value™ is R9.09, compared to a current price of R11.00 — trading 21% above its estimated fair value. The current Owner Earnings per Share (TTM) is 2.90, which is 55% below median its 10-year median of 6.48 and 69.5% below the Real Estate industry median of 9.52. Collins Property Group's overall GF Score™ is 61/100 with 9 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 Collins Property Group (JSE:CPP), the current Owner Earnings per Share (TTM) is 2.90 as of Feb. 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 Collins Property Group (JSE:CPP) Overvalued in 2026?
Based on GuruFocus' analysis, Collins Property Group stock appears to be overvalued.
The current stock price of R11.00 is trading 21% above its estimated GF Value™ of R9.09.
GuruFocus considers Collins Property Group to be Modestly Overvalued.
Key valuation signals for JSE:CPP:
Owner Earnings per Share (TTM): 2.90 (55% below median its 10-year median of 6.48)
GF Value™: R9.09 vs. price of R11.00 (21% above fair value)
Industry Position: 69.5% below the Real Estate median (#168 of 790)
No single metric tells the full story. See the JSE:CPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Collins Property Group Ltd is a property investment holding company with main focus areas in South Africa and the United Kingdom. The company is a property developer and investor engaged in the development of distribution centres, warehouses, and retail centres. It operates through the following segments: Property - Offshore, Property - Namibia, Property - South Africa, and Other. The majority of revenue is derived from the Property - South Africa segment. Its revenue comprises rental income and real estate investment trust distribution.
61GF Score
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