NGE CapitalNGELF -0.33%55 Owner Earnings per Share (TTM) is 0.18 as of Dec. 2025, which is 96% below its 10-year median of 4.25. GuruFocus rates NGELF with a GF Score™ of 55/100 and a GF Value™ of $1.28. The stock has 1 warning sign investors should review. Among 359 Asset Management companies, NGE Capital ranks better than 87.19% 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)."
NGE Capital 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 NGE Capital's Owner Earnings per Share (TTM) or its related term are showing as below:
NGELF'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 3.06 Med: 4.25 Max: 10.04
Current: 3.59
During the past 13 years, the highestPrice-to-Owner-Earnings ratio of NGE Capital was 10.04. The lowest was 3.06. And the median was 4.25.
NGELF's Price-to-Owner-Earnings is ranked better than 87.19% of 359
companies
in the Asset Management industry
Industry Median: 10.86
vs NGELF: 3.59
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.
NGE Capital Owner Earnings per Share (TTM) Related Terms
NGE Capital Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for NGE Capital'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.
NGELF vs BLK, BX, KKR: Owner Earnings per Share (TTM) Comparison
For the Asset Management subindustry, NGE Capital'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.
NGE Capital Price-to-Owner-Earnings vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NGE Capital's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where NGE Capital'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 0.18 mean?
NGE Capital (NGELF) has a Owner Earnings per Share (TTM) of 0.18 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on NGE Capital. This is 96% below median its historical median of 4.25. Over the past decade, NGE Capital's Owner Earnings per Share (TTM) has ranged from 3.06 to 10.04. According to the industry distribution chart, NGE Capital ranks #46 out of 359 companies in the Asset Management industry, placing it in the top 12.8%.
Is NGE Capital's Owner Earnings per Share (TTM) too high?
NGE Capital's current Owner Earnings per Share (TTM) of 0.18 is 96% below median its 10-year median of 4.25. Over the past 10 years, this metric has ranged from a low of 3.06 to a high of 10.04. The Asset Management industry median Owner Earnings per Share (TTM) is 10.86. NGE Capital's value of 0.18 is 98.3% below this industry median. Based on the distribution chart, NGE Capital ranks #46 out of 359 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NGE Capital has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does NGE Capital's Owner Earnings per Share (TTM) compare to BLK and BX?
According to the Asset Management industry distribution chart, NGE Capital ranks #46 out of 359 companies for Owner Earnings per Share (TTM). This places NGE Capital in the top 13% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 10.86. NGE Capital's value of 0.18 is 98.3% below this benchmark. Historically, NGE Capital's own Owner Earnings per Share (TTM) has ranged from 3.06 to 10.04 over the past decade. While the company's 10-year median is 4.25 vs. the industry median of 10.86, NGE Capital 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 an Asset Management company?
The median Owner Earnings per Share (TTM) among Asset Management companies is 10.86, based on 359 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. NGE Capital's current Owner Earnings per Share (TTM) of 0.18 is 98.3% 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 NGE Capital. For the Asset Management industry, the median Owner Earnings per Share (TTM) is 10.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGE Capital's current Owner Earnings per Share (TTM) is 0.18, which is 96% below median its own 10-year median of 4.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGE Capital stock overvalued right now?
NGE Capital (NGELF) has a current Owner Earnings per Share (TTM) of 0.18. The stock's GF Value™ is $1.28, compared to a current price of $0.63 — trading 50.9% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.18, which is 96% below median its 10-year median of 4.25 and 98.3% below the Asset Management industry median of 10.86. NGE Capital's overall GF Score™ is 55/100 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 NGE Capital (NGELF), the current Owner Earnings per Share (TTM) is 0.18 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 NGE Capital (NGELF) Overvalued in 2026?
Based on GuruFocus' analysis, NGE Capital stock appears to be undervalued.
The current stock price of $0.63 is trading 50.9% below its estimated GF Value™ of $1.28.
Key valuation signals for NGELF:
Owner Earnings per Share (TTM): 0.18 (96% below median its 10-year median of 4.25)
GF Value™: $1.28 vs. price of $0.63 (50.9% below fair value)
Industry Position: 98.3% below the Asset Management median (#46 of 359)
No single metric tells the full story. See the NGELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NGE Capital Ltd is an internally managed Listed Investment Company whose principal activities are making investments in listed and unlisted securities. The company is engaged solely in investment activities conducted from Australia, deriving revenue from dividend income, interest income, and the sale of investments.
55GF Score
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