Popular Vehicles and Services (NSE:PVSL) Owner Earnings per Share (TTM): -2.60 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:PVSL Popular Vehicles and Services Ltd NSE:PVSL
31 GF Score
Price ₹109.67
! 2 Warning Signs
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What is Popular Vehicles and Services Owner Earnings per Share (TTM)?

Popular Vehicles and Services NSE:PVSL -4.36% 31 Owner Earnings per Share (TTM) is -2.60 as of Mar. 2026. GuruFocus rates NSE:PVSL with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 683 Vehicles & Parts companies, Popular Vehicles and Services ranks worse than 146412.74% 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)."

Popular Vehicles and Services's Owner Earnings per Share (TTM) ended in Mar. 2026 was ₹-2.60. It's Price-to-Owner-Earnings ratio for today is 0.


The historical rank and industry rank for Popular Vehicles and Services's Owner Earnings per Share (TTM) or its related term are showing as below:


During the past 8 years, the highest Price-to-Owner-Earnings ratio of Popular Vehicles and Services was 22.55. The lowest was 16.87. And the median was 19.75.


NSE:PVSL's Price-to-Owner-Earnings is not ranked *
in the Vehicles & Parts industry.
Industry Median: 15.55
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Popular Vehicles and Services's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was ₹0.19. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹-0.34. It's PE Ratio (TTM) ratio for today is At Loss.

Popular Vehicles and Services's EPS without NRI for the three months ended in Jun. 2026 was ₹0.67. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was ₹-1.00. It's PE Ratio without NRI ratio for today is At Loss.


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 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.


Popular Vehicles and Services Owner Earnings per Share (TTM) Related Terms


Popular Vehicles and Services Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Popular Vehicles and Services'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.

Popular Vehicles and Services Owner Earnings per Share (TTM) Chart

Popular Vehicles and Services Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial 0.00 -0.15 -5.43 5.75 -2.60

Popular Vehicles and Services Quarterly Data
Mar19 Mar20 Mar21 Mar22 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 0.00 0.00 0.00 -2.60 0.00

NSE:PVSL vs CVNA, PAG, KMX: Owner Earnings per Share (TTM) Comparison

For the Auto & Truck Dealerships subindustry, Popular Vehicles and Services'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.


Popular Vehicles and Services Price-to-Owner-Earnings vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Popular Vehicles and Services's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Popular Vehicles and Services's Price-to-Owner-Earnings falls into.


NSE:PVSL
31GF Score
Popular Vehicles and Services Ltd NSE:PVSL
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Popular Vehicles and Services 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)

Popular Vehicles and Services's Owner Earnings per Share (TTM) Calculation:

Last Year Average of Last 5 Years
Net Income -125
Depreciation, Depletion and Amortization 1,273
Change In Deferred Tax 0
5Y Average of Maintenance Capital Expenditure 683
Change In Working Capital -651
Shares Outstanding (Diluted Average) 71

1. Start with "Net Income" from income statement. Popular Vehicles and Services's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-125 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Popular Vehicles and Services's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Mar. 2026 was ₹1,273 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

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. Popular Vehicles and Services'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 = ₹683 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.

Popular Vehicles and Services's 5-Year Average Maintenance Capital Expenditure = ₹683 Mil

5. "Change In Working Capital" is from cashflow statement. Popular Vehicles and Services's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-651 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.

6. Popular Vehicles and Services's Shares Outstanding (Diluted Average) for the months ended in Mar. 2026 was 71.200 Mil.

Popular Vehicles and Services's Onwer Earnings Per Share for Mar. 2026 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( -124.74 +1273.46+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-682.99+-650.61)/71.200
=-2.60

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=109.67/-2.60
=0

* 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 -2.60 mean?
Popular Vehicles and Services (NSE:PVSL) has a Owner Earnings per Share (TTM) of -2.60 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Popular Vehicles and Services. Over the past decade, Popular Vehicles and Services' Owner Earnings per Share (TTM) has ranged from 16.87 to 22.55. According to the industry distribution chart, Popular Vehicles and Services ranks #999999 out of 683 companies in the Vehicles & Parts industry.
Is Popular Vehicles and Services' Owner Earnings per Share (TTM) too high?
Popular Vehicles and Services' current Owner Earnings per Share (TTM) is -2.60. Over the past 10 years, this metric has ranged from a low of 16.87 to a high of 22.55. Based on the distribution chart, Popular Vehicles and Services ranks #999999 out of 683 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Popular Vehicles and Services has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Popular Vehicles and Services' Owner Earnings per Share (TTM) compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Popular Vehicles and Services ranks #999999 out of 683 companies for Owner Earnings per Share (TTM). This places Popular Vehicles and Services in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 15.55. Historically, Popular Vehicles and Services' own Owner Earnings per Share (TTM) has ranged from 16.87 to 22.55 over the past decade. 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 Vehicles & Parts company?
The median Owner Earnings per Share (TTM) among Vehicles & Parts companies is 15.55, based on 683 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. 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 Popular Vehicles and Services. For the Vehicles & Parts industry, the median Owner Earnings per Share (TTM) is 15.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Popular Vehicles and Services's current Owner Earnings per Share (TTM) is -2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Popular Vehicles and Services stock overvalued right now?
Popular Vehicles and Services (NSE:PVSL) has a current Owner Earnings per Share (TTM) of -2.60. The current Owner Earnings per Share (TTM) is -2.60. Popular Vehicles and Services' overall GF Score™ is 31/100 with 2 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 Popular Vehicles and Services (NSE:PVSL), the current Owner Earnings per Share (TTM) is -2.60 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.

Popular Vehicles and Services Business Description

Other Exchanges 544144:India
Address Kuttukaran Centre, Mamangalam, Cochin, Ernakulam, KL, IND, 682025
Popular Vehicles and Services Ltd is engaged in automobile dealerships in India. It caters to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, facilitating the sale and exchange of pre-owned vehicles, operating driving schools, and facilitating the sale of third-party financial and insurance products. The group has structured its business broadly into four verticals-Passenger cars (excluding luxury vehicles), Luxury vehicles, Commercial vehicles, and others. Others comprise spare parts retail sales - other than through the respective business segments and sale of electric vehicles - two-wheelers and three-wheelers. Key revenue is generated from the passenger cars segment.
31GF Score

Get the complete analysis for NSE:PVSL

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

₹109.67
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