Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Dev AcceleratorNSE:DEVX 10 Owner Earnings per Share (TTM) is 4.05 as of Mar. 2026, which is 57% below its 10-year median of 9.34. GuruFocus rates NSE:DEVX with a GF Score™ of 10/100. The stock has 4 warning signs investors should review. Among 798 Real Estate companies, Dev Accelerator ranks better than 56.77% 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)."
Dev Accelerator's Owner Earnings per Share (TTM) ended in Mar. 2026 was ₹4.05. It's Price-to-Owner-Earnings ratio for today is 8.62.
The historical rank and industry rank for Dev Accelerator's Owner Earnings per Share (TTM) or its related term are showing as below:
NSE:DEVX'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.6 Med: 9.34 Max: 10.51
Current: 8.66
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.
Dev Accelerator Owner Earnings per Share (TTM) Related Terms
Dev Accelerator Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Dev Accelerator'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.
Dev Accelerator Owner Earnings per Share (TTM) Chart
NSE:DEVX vs CBRE, BEKE, JLL: Owner Earnings per Share (TTM) Comparison
For the Real Estate Services subindustry, Dev Accelerator'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.
Dev Accelerator Price-to-Owner-Earnings vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Dev Accelerator's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Dev Accelerator'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.
Dev Accelerator's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = ₹167 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.
Dev Accelerator's 5-Year Average Maintenance Capital Expenditure = ₹167 Mil
5. "Change In Working Capital" is from cashflow statement. Dev Accelerator's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-189 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 4.05 mean?
Dev Accelerator (NSE:DEVX) has a Owner Earnings per Share (TTM) of 4.05 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Dev Accelerator. This is 57% below median its historical median of 9.34. Over the past decade, Dev Accelerator's Owner Earnings per Share (TTM) has ranged from 8.60 to 10.51. According to the industry distribution chart, Dev Accelerator ranks #345 out of 798 companies in the Real Estate industry, placing it in the top 43.2%.
Is Dev Accelerator's Owner Earnings per Share (TTM) too high?
Dev Accelerator's current Owner Earnings per Share (TTM) of 4.05 is 57% below median its 10-year median of 9.34. Over the past 10 years, this metric has ranged from a low of 8.60 to a high of 10.51. The Real Estate industry median Owner Earnings per Share (TTM) is 10.27. Dev Accelerator's value of 4.05 is 60.6% below this industry median. Based on the distribution chart, Dev Accelerator ranks #345 out of 798 companies in the Real Estate industry, which is above the industry midpoint. Overall, Dev Accelerator has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Dev Accelerator's Owner Earnings per Share (TTM) compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Dev Accelerator ranks #345 out of 798 companies for Owner Earnings per Share (TTM). This puts Dev Accelerator in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 10.27. Dev Accelerator's value of 4.05 is 60.6% below this benchmark. Historically, Dev Accelerator's own Owner Earnings per Share (TTM) has ranged from 8.60 to 10.51 over the past decade. While the company's 10-year median is 9.34 vs. the industry median of 10.27, Dev Accelerator 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 10.27, based on 798 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. Dev Accelerator's current Owner Earnings per Share (TTM) of 4.05 is 60.6% 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 Dev Accelerator. For the Real Estate industry, the median Owner Earnings per Share (TTM) is 10.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dev Accelerator's current Owner Earnings per Share (TTM) is 4.05, which is 57% below median its own 10-year median of 9.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dev Accelerator stock overvalued right now?
Dev Accelerator (NSE:DEVX) has a current Owner Earnings per Share (TTM) of 4.05. The current Owner Earnings per Share (TTM) is 4.05, which is 57% below median its 10-year median of 9.34 and 60.6% below the Real Estate industry median of 10.27. Dev Accelerator's overall GF Score™ is 10/100 with 4 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 Dev Accelerator (NSE:DEVX), the current Owner Earnings per Share (TTM) is 4.05 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.
Dev Accelerator Ltd is one of the flex space operators. Its comprehensive office space solutions include sourcing office spaces, customizing designs, developing spaces and providing technology solutions to providing complete asset management. Its clientele comprises of large corporates, MNCs and SMEs, to whom the company offers a variety of flexible office space solutions such as managed office spaces and coworking spaces as well as design and execution services through its Subsidiary. The flexible workspace solutions provided by the company at its Centers are divided in the following segments: Managed office spaces, Coworking spaces, Design and execution services, Payroll management services, Facility management services, and IT/ITes services.
10GF Score
Get the complete analysis for NSE:DEVX
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:DEVX has been successfully added to your 
