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"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)."
Ocado Group does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.
The historical rank and industry rank for Ocado Group's Owner Earnings per Share (TTM) or its related term are showing as below:
MEX:OCDON'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.72 Med: 101.67 Max: 638.18
Current: 3.35
During the past 13 years, the highestPrice-to-Owner-Earnings ratio of Ocado Group was 638.18. The lowest was 2.72. And the median was 101.67.
MEX:OCDON's Price-to-Owner-Earnings is ranked better than 90.74% of 162
companies
in the Retail - Defensive industry
Industry Median: 11.565
vs MEX:OCDON: 3.35
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 FactSet. 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.
Ocado Group Owner Earnings per Share (TTM) Related Terms
Ocado Group Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Ocado 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.
MEX:OCDON vs KR, SFM: Owner Earnings per Share (TTM) Comparison
For the Grocery Stores subindustry, Ocado 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.
Ocado Group Price-to-Owner-Earnings vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Ocado Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Ocado 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 18.39 mean?
Ocado Group (MEX:OCDON) has a Owner Earnings per Share (TTM) of 18.39 as of Nov. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Ocado Group. According to the industry distribution chart, Ocado Group ranks #15 out of 162 companies in the Retail - Defensive industry, placing it in the top 9.3%.
Is Ocado Group's Owner Earnings per Share (TTM) too high?
Ocado Group's current Owner Earnings per Share (TTM) is 18.39. The Retail - Defensive industry median Owner Earnings per Share (TTM) is 11.57. Ocado Group's value of 18.39 is 59% above this industry median. Based on the distribution chart, Ocado Group ranks #15 out of 162 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Ocado Group has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Ocado Group's Owner Earnings per Share (TTM) compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Ocado Group ranks #15 out of 162 companies for Owner Earnings per Share (TTM). This places Ocado Group in the top 9% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 11.57. Ocado Group's value of 18.39 is 59% above this benchmark. 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 Retail - Defensive company?
The median Owner Earnings per Share (TTM) among Retail - Defensive companies is 11.57, based on 162 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. Ocado Group's current Owner Earnings per Share (TTM) of 18.39 is 59% above 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 Ocado Group. For the Retail - Defensive industry, the median Owner Earnings per Share (TTM) is 11.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocado Group's current Owner Earnings per Share (TTM) is 18.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocado Group stock overvalued right now?
Ocado Group (MEX:OCDON) has a current Owner Earnings per Share (TTM) of 18.39. The stock's GF Value™ is MXN119.95, compared to a current price of MXN61.61 — trading 48.6% below its estimated fair value. The current Owner Earnings per Share (TTM) is 18.39 and 59% above the Retail - Defensive industry median of 11.57. Ocado Group's overall GF Score™ is 51/100 with 5 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 Ocado Group (MEX:OCDON), the current Owner Earnings per Share (TTM) is 18.39 as of Nov. 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 Ocado Group (MEX:OCDON) Overvalued in 2026?
Based on GuruFocus' analysis, Ocado Group stock appears to be undervalued.
The current stock price of MXN61.61 is trading 48.6% below its estimated GF Value™ of MXN119.95.
Key valuation signals for MEX:OCDON:
Owner Earnings per Share (TTM): 18.39
GF Value™: MXN119.95 vs. price of MXN61.61 (48.6% below fair value)
Industry Position: 59% above the Retail - Defensive median (#15 of 162)
No single metric tells the full story. See the MEX:OCDON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2000, Ocado provides automation and logistics solutions to grocers. Ocado operates in two segments: logistics and solutions. Logistics provides fulfillment and delivery services in the United Kingdom. Solutions is based on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that provides software, fulfillment hardware, and support services to corporate customers in return for upfront and recurring fees. Partners include leading grocers around the world, like Sobeys, Morrisons, ICA, Groupe Casino, Bon Preu, Kroger, and Coles. Ocado also has a 50% stake in Ocado Retail, a pure-play e-grocery business. The other 50% is owned by Marks & Spencer.
51GF Score
Get the complete analysis for MEX:OCDON
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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