Fortis Healthcare (NSE:FORTIS) Owner Earnings per Share (TTM): 11.48 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:FORTIS Fortis Healthcare Ltd NSE:FORTIS
87 GF Score
Price ₹886.00
GF Value ₹868.93
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Fortis Healthcare Owner Earnings per Share (TTM)?

Fortis Healthcare NSE:FORTIS -0.01% 87 Owner Earnings per Share (TTM) is 11.48 as of Mar. 2026. GuruFocus rates NSE:FORTIS with a GF Score™ of 87/100 and a GF Value™ of ₹868.93 (Fairly Valued). The stock has 1 warning sign investors should review. Among 308 Healthcare Providers & Services companies, Fortis Healthcare ranks worse than 92.86% 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)."

Fortis Healthcare 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 Fortis Healthcare's Owner Earnings per Share (TTM) or its related term are showing as below:

NSE:FORTIS' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 11.42   Med: 59.02   Max: 1417.35
Current: 77.33


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Fortis Healthcare was 1417.35. The lowest was 11.42. And the median was 59.02.


NSE:FORTIS's Price-to-Owner-Earnings is ranked worse than
92.86% of 308 companies
in the Healthcare Providers & Services industry
Industry Median: 17.7 vs NSE:FORTIS: 77.33

Fortis Healthcare's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was ₹3.53. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹13.88. It's PE Ratio (TTM) ratio for today is 63.83.

Fortis Healthcare's EPS without NRI for the three months ended in Jun. 2026 was ₹3.44. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was ₹14.11. It's PE Ratio without NRI ratio for today is 62.77.


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 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.


Fortis Healthcare Owner Earnings per Share (TTM) Related Terms


Fortis Healthcare Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Fortis Healthcare'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.

Fortis Healthcare Owner Earnings per Share (TTM) Chart

Fortis Healthcare Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.31 8.83 9.57 10.63 11.72

Fortis Healthcare Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 - - - - -

NSE:FORTIS vs HCA, THC, EHC: Owner Earnings per Share (TTM) Comparison

For the Medical Care Facilities subindustry, Fortis Healthcare'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.


Fortis Healthcare Price-to-Owner-Earnings vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fortis Healthcare's Price-to-Owner-Earnings distribution charts can be found below:

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


NSE:FORTIS
87GF Score
Fortis Healthcare Ltd NSE:FORTIS
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortis Healthcare 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)

Fortis Healthcare does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.

What does a Owner Earnings per Share (TTM) of 11.48 mean?
Fortis Healthcare (NSE:FORTIS) has a Owner Earnings per Share (TTM) of 11.48 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Fortis Healthcare. According to the industry distribution chart, Fortis Healthcare ranks #286 out of 308 companies in the Healthcare Providers & Services industry, placing it in the top 92.9%.
Is Fortis Healthcare's Owner Earnings per Share (TTM) too high?
Fortis Healthcare's current Owner Earnings per Share (TTM) is 11.48. The Healthcare Providers & Services industry median Owner Earnings per Share (TTM) is 17.70. Fortis Healthcare's value of 11.48 is 35.1% below this industry median. Based on the distribution chart, Fortis Healthcare ranks #286 out of 308 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Fortis Healthcare has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fortis Healthcare's Owner Earnings per Share (TTM) compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Fortis Healthcare ranks #286 out of 308 companies for Owner Earnings per Share (TTM). This places Fortis Healthcare in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 17.70. Fortis Healthcare's value of 11.48 is 35.1% below 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 Healthcare Providers & Services company?
The median Owner Earnings per Share (TTM) among Healthcare Providers & Services companies is 17.70, based on 308 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. Fortis Healthcare's current Owner Earnings per Share (TTM) of 11.48 is 35.1% 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 Fortis Healthcare. For the Healthcare Providers & Services industry, the median Owner Earnings per Share (TTM) is 17.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortis Healthcare's current Owner Earnings per Share (TTM) is 11.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortis Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Fortis Healthcare (NSE:FORTIS) is currently considered Fairly Valued. The stock's GF Value™ is ₹868.93, compared to a current price of ₹886.00 — trading 2% above its estimated fair value. The current Owner Earnings per Share (TTM) is 11.48 and 35.1% below the Healthcare Providers & Services industry median of 17.70. Fortis Healthcare's overall GF Score™ is 87/100 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 Fortis Healthcare (NSE:FORTIS), the current Owner Earnings per Share (TTM) is 11.48 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 Fortis Healthcare (NSE:FORTIS) Overvalued in 2026?

Based on GuruFocus' analysis, Fortis Healthcare stock appears to be overvalued. The current stock price of ₹886.00 is trading 2% above its estimated GF Value™ of ₹868.93. GuruFocus considers Fortis Healthcare to be Fairly Valued.

Key valuation signals for NSE:FORTIS:

  • Owner Earnings per Share (TTM): 11.48
  • GF Value™: ₹868.93 vs. price of ₹886.00 (2% above fair value)
  • GF Score™: 87/100 with 1 warning sign
  • Industry Position: 35.1% below the Healthcare Providers & Services median (#286 of 308)

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


Fortis Healthcare Business Description

Other Exchanges 532843:India
Address Block - F, South City 1, Sector - 41, Tower-A, Unitech Business Park, Gurgaon, HR, IND, 122001
Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company's key specialty in its hospital business is cardiac sciences. It is predominantly engaged in the business of healthcare services which is the only reportable segment. The company's key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. The majority of the company's revenue is derived from India.
87GF Score

Get the complete analysis for NSE:FORTIS

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

₹886.00
Price
₹868.93
GF Value