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ATC Music GroupLSE:ATC 32 Owner Earnings per Share (TTM) is 0.21 as of Dec. 2025, which is 97% below its 10-year median of 7.19. GuruFocus rates LSE:ATC with a GF Score™ of 32/100. The stock has 7 warning signs investors should review. Among 474 Media - Diversified companies, ATC Music Group ranks better than 64.35% 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)."
ATC Music Group's Owner Earnings per Share (TTM) ended in Dec. 2025 was £0.21. It's Price-to-Owner-Earnings ratio for today is 8.69.
The historical rank and industry rank for ATC Music Group's Owner Earnings per Share (TTM) or its related term are showing as below:
LSE:ATC'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 6.06 Med: 7.19 Max: 8.73
Current: 8.61
LSE:ATC's Price-to-Owner-Earnings is ranked better than 64.35% of 474
companies
in the Media - Diversified industry
Industry Median: 11.755
vs LSE:ATC: 8.61
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.
ATC Music Group Owner Earnings per Share (TTM) Related Terms
ATC Music Group Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for ATC Music 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.
ATC Music Group Owner Earnings per Share (TTM) Chart
LSE:ATC vs NFLX, DIS, WBD: Owner Earnings per Share (TTM) Comparison
For the Entertainment subindustry, ATC Music 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.
ATC Music Group Price-to-Owner-Earnings vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, ATC Music Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where ATC Music 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.
ATC Music Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was £0.47 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = £0.15 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.
ATC Music Group's 5-Year Average Maintenance Capital Expenditure = £0.15 Mil
5. "Change In Working Capital" is from cashflow statement. ATC Music Group's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was £4.79 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 0.21 mean?
ATC Music Group (LSE:ATC) has a Owner Earnings per Share (TTM) of 0.21 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on ATC Music Group. This is 97% below median its historical median of 7.19. Over the past decade, ATC Music Group's Owner Earnings per Share (TTM) has ranged from 6.06 to 8.73. According to the industry distribution chart, ATC Music Group ranks #169 out of 474 companies in the Media - Diversified industry, placing it in the top 35.7%.
Is ATC Music Group's Owner Earnings per Share (TTM) too high?
ATC Music Group's current Owner Earnings per Share (TTM) of 0.21 is 97% below median its 10-year median of 7.19. Over the past 10 years, this metric has ranged from a low of 6.06 to a high of 8.73. The Media - Diversified industry median Owner Earnings per Share (TTM) is 11.76. ATC Music Group's value of 0.21 is 98.2% below this industry median. Based on the distribution chart, ATC Music Group ranks #169 out of 474 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, ATC Music Group has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does ATC Music Group's Owner Earnings per Share (TTM) compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, ATC Music Group ranks #169 out of 474 companies for Owner Earnings per Share (TTM). This puts ATC Music Group in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 11.76. ATC Music Group's value of 0.21 is 98.2% below this benchmark. Historically, ATC Music Group's own Owner Earnings per Share (TTM) has ranged from 6.06 to 8.73 over the past decade. While the company's 10-year median is 7.19 vs. the industry median of 11.76, ATC Music 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 Media - Diversified company?
The median Owner Earnings per Share (TTM) among Media - Diversified companies is 11.76, based on 474 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. ATC Music Group's current Owner Earnings per Share (TTM) of 0.21 is 98.2% 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 ATC Music Group. For the Media - Diversified industry, the median Owner Earnings per Share (TTM) is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ATC Music Group's current Owner Earnings per Share (TTM) is 0.21, which is 97% below median its own 10-year median of 7.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATC Music Group stock overvalued right now?
ATC Music Group (LSE:ATC) has a current Owner Earnings per Share (TTM) of 0.21. The current Owner Earnings per Share (TTM) is 0.21, which is 97% below median its 10-year median of 7.19 and 98.2% below the Media - Diversified industry median of 11.76. ATC Music Group's overall GF Score™ is 32/100 with 7 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 ATC Music Group (LSE:ATC), the current Owner Earnings per Share (TTM) is 0.21 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.
ATC Music Group PLC principal activities during the year are that of an independent music business encompassing artist representation, end-to-end direct to fan services, merchandise, live events and rights. It is a progressive independent music company providing integrated artist services across the music value chain. The Group operates through three core segments - Representation, Services, and Events - supporting artists throughout their creative and commercial careers. It generates majority of revenue from Services which includes merchandising and e-commerce, promotion, placement and technology solutions(Sandbag, ATC Media, Circa, Driift). It has presence in United Kingdom, Europe, United States of America, and Rest of the world of which majority of revenue comes from UK.
32GF Score
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