Altitude Group (LSE:ALT) Owner Earnings per Share (TTM): 0.00 (As of Mar. 2026)

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LSE:ALT Altitude Group PLC LSE:ALT
50 GF Score
Price £0.24
GF Value £0.43
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Altitude Group Owner Earnings per Share (TTM)?

Altitude Group LSE:ALT 50 Owner Earnings per Share (TTM) is 0.00 as of Mar. 2026. GuruFocus rates LSE:ALT with a GF Score™ of 50/100 and a GF Value™ of £0.43 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,181 Software companies, Altitude Group ranks worse than 91.79% on this metric.

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"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)."

Altitude Group's Owner Earnings per Share (TTM) ended in Mar. 2026 was £0.00. It's Price-to-Owner-Earnings ratio for today is 0.


The historical rank and industry rank for Altitude Group's Owner Earnings per Share (TTM) or its related term are showing as below:

LSE:ALT' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 16.43   Med: 48.33   Max: 1295
Current: 117.5


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Altitude Group was 1295.00. The lowest was 16.43. And the median was 48.33.


LSE:ALT's Price-to-Owner-Earnings is ranked worse than
91.79% of 1181 companies
in the Software industry
Industry Median: 18.08 vs LSE:ALT: 117.50

Altitude Group's Earnings per Share (Diluted) for the six months ended in Mar. 2026 was £0.00. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was £-0.00. It's PE Ratio (TTM) ratio for today is At Loss.

Altitude Group's EPS without NRI for the six months ended in Mar. 2026 was £0.01. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was £0.02. It's PE Ratio without NRI ratio for today is 13.82.


Be Aware

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.


Altitude Group Owner Earnings per Share (TTM) Related Terms


Altitude Group Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Altitude 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.

Altitude Group Owner Earnings per Share (TTM) Chart

Altitude Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 0.01 0.01 0.01 0.00

Altitude Group Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Owner Earnings per Share (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.00 0.01 0.00 0.00

LSE:ALT vs QH, SHOP, UBER: Owner Earnings per Share (TTM) Comparison

For the Software - Application subindustry, Altitude 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.


Altitude Group Price-to-Owner-Earnings vs Software Industry

For the Software industry and Technology sector, Altitude Group's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Altitude Group's Price-to-Owner-Earnings falls into.


LSE:ALT
50GF Score
Altitude Group PLC LSE:ALT
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Altitude Group Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"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)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Altitude Group's Owner Earnings per Share (TTM) Calculation:

Last Year Average of Last 5 Years
Net Income -0.18
Depreciation, Depletion and Amortization 1.62
Change In Deferred Tax 0.00
5Y Average of Maintenance Capital Expenditure 1.39
Change In Working Capital -0.01
Shares Outstanding (Diluted Average) 73.24

1. Start with "Net Income" from income statement. Altitude Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was £-0.18 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Altitude Group's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Mar. 2026 was £1.62 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

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. Altitude Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was £0.00 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = £1.39 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.

Altitude Group's 5-Year Average Maintenance Capital Expenditure = £1.39 Mil

5. "Change In Working Capital" is from cashflow statement. Altitude Group's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was £-0.01 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.

6. Altitude Group's Shares Outstanding (Diluted Average) for the months ended in Mar. 2026 was 73.236 Mil.

Altitude Group's Onwer Earnings Per Share for Mar. 2026 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( -0.183 +1.619+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-1.385+-0.011)/73.236
=0.00

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=0.235/0.00
=0

* 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 0.00 mean?
Altitude Group (LSE:ALT) has a Owner Earnings per Share (TTM) of 0.00 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Altitude Group. Over the past decade, Altitude Group's Owner Earnings per Share (TTM) has ranged from 16.43 to 1,295.00. According to the industry distribution chart, Altitude Group ranks #1084 out of 1181 companies in the Software industry, placing it in the top 91.8%.
Is Altitude Group's Owner Earnings per Share (TTM) too high?
Altitude Group's current Owner Earnings per Share (TTM) is 0.00. Over the past 10 years, this metric has ranged from a low of 16.43 to a high of 1,295.00. Based on the distribution chart, Altitude Group ranks #1084 out of 1181 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Altitude Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Altitude Group's Owner Earnings per Share (TTM) compare to QH and SHOP?
According to the Software industry distribution chart, Altitude Group ranks #1084 out of 1181 companies for Owner Earnings per Share (TTM). This places Altitude Group in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 18.08. Historically, Altitude Group's own Owner Earnings per Share (TTM) has ranged from 16.43 to 1,295.00 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 Software company?
The median Owner Earnings per Share (TTM) among Software companies is 18.08, based on 1,181 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 Altitude Group. For the Software industry, the median Owner Earnings per Share (TTM) is 18.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altitude Group'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 Altitude Group stock overvalued right now?
Based on GuruFocus' analysis, Altitude Group (LSE:ALT) is currently considered Possible Value Trap. The stock's GF Value™ is £0.43, compared to a current price of £0.24 — trading 45.3% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.00. Altitude Group's overall GF Score™ is 50/100 with 6 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 Altitude Group (LSE:ALT), the current Owner Earnings per Share (TTM) is 0.00 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.

Is Altitude Group (LSE:ALT) Overvalued in 2026?

Based on GuruFocus' analysis, Altitude Group stock appears to be undervalued. The current stock price of £0.24 is trading 45.3% below its estimated GF Value™ of £0.43. GuruFocus considers Altitude Group to be Possible Value Trap.

Key valuation signals for LSE:ALT:

  • Owner Earnings per Share (TTM): 0.00
  • GF Value™: £0.43 vs. price of £0.24 (45.3% below fair value)
  • GF Score™: 50/100 with 6 warning signs

No single metric tells the full story. See the LSE:ALT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Altitude Group Business Description

Address 71-75 Shelton Street, Covent Garden, Mancheste, GBR, WC2H 9JQ
Altitude Group PLC operates a diversified portfolio Group that is the end-to-end solutions provider for branded merchandise across a variety of sectors, from the corporate promotional products industry and print vertical markets to the higher education sector. The Group has operations in North America, the UK, and Europe. Its service portfolio comprises technology services such as cloud and server-based software, website solutions, and information service solutions. It derives mainly of its revenue from North America.
50GF Score

Get the complete analysis for LSE:ALT

Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.24
Price
£0.43
GF Value