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.
Torrent PowerNSE:TORNTPOWER -1.38%88 Owner Earnings per Share (TTM) is 21.29 as of Mar. 2026. GuruFocus rates NSE:TORNTPOWER with a GF Score™ of 88/100 and a GF Value™ of ₹1,467.47 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 157 Utilities - Independent Power Producers companies, Torrent Power ranks worse than 89.17% 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)."
Torrent Power 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 Torrent Power's Owner Earnings per Share (TTM) or its related term are showing as below:
NSE:TORNTPOWER'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 12.83 Med: 38.18 Max: 712.73
Current: 60.94
NSE:TORNTPOWER's Price-to-Owner-Earnings is ranked worse than 89.17% of 157
companies
in the Utilities - Independent Power Producers industry
Industry Median: 12.55
vs NSE:TORNTPOWER: 60.94
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.
Torrent Power Owner Earnings per Share (TTM) Related Terms
Torrent Power Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Torrent Power'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.
Torrent Power Owner Earnings per Share (TTM) Chart
NSE:TORNTPOWER vs CEG, VST, NRG: Owner Earnings per Share (TTM) Comparison
For the Utilities - Independent Power Producers subindustry, Torrent Power'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.
Torrent Power Price-to-Owner-Earnings vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Torrent Power's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Torrent Power'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 21.29 mean?
Torrent Power (NSE:TORNTPOWER) has a Owner Earnings per Share (TTM) of 21.29 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Torrent Power. According to the industry distribution chart, Torrent Power ranks #140 out of 157 companies in the Utilities - Independent Power Producers industry, placing it in the top 89.2%.
Is Torrent Power's Owner Earnings per Share (TTM) too high?
Torrent Power's current Owner Earnings per Share (TTM) is 21.29. The Utilities - Independent Power Producers industry median Owner Earnings per Share (TTM) is 12.55. Torrent Power's value of 21.29 is 69.6% above this industry median. Based on the distribution chart, Torrent Power ranks #140 out of 157 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Torrent Power has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Torrent Power's Owner Earnings per Share (TTM) compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Torrent Power ranks #140 out of 157 companies for Owner Earnings per Share (TTM). This places Torrent Power in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 12.55. Torrent Power's value of 21.29 is 69.6% 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 an Utilities - Independent Power Producers company?
The median Owner Earnings per Share (TTM) among Utilities - Independent Power Producers companies is 12.55, based on 157 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. Torrent Power's current Owner Earnings per Share (TTM) of 21.29 is 69.6% 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 Torrent Power. For the Utilities - Independent Power Producers industry, the median Owner Earnings per Share (TTM) is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Torrent Power's current Owner Earnings per Share (TTM) is 21.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torrent Power stock overvalued right now?
Based on GuruFocus' analysis, Torrent Power (NSE:TORNTPOWER) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,467.47, compared to a current price of ₹1,258.80 — trading 14.2% below its estimated fair value. The current Owner Earnings per Share (TTM) is 21.29 and 69.6% above the Utilities - Independent Power Producers industry median of 12.55. Torrent Power's overall GF Score™ is 88/100 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 Torrent Power (NSE:TORNTPOWER), the current Owner Earnings per Share (TTM) is 21.29 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 Torrent Power (NSE:TORNTPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Torrent Power stock appears to be undervalued.
The current stock price of ₹1,258.80 is trading 14.2% below its estimated GF Value™ of ₹1,467.47.
GuruFocus considers Torrent Power to be Modestly Undervalued.
Key valuation signals for NSE:TORNTPOWER:
Owner Earnings per Share (TTM): 21.29
GF Value™: ₹1,467.47 vs. price of ₹1,258.80 (14.2% below fair value)
Industry Position: 69.6% above the Utilities - Independent Power Producers median (#140 of 157)
No single metric tells the full story. See the NSE:TORNTPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Torrent Power Ltd is an Indian utility company engaged in the business of power generation, transmission, and distribution. Both by itself and through its subsidiaries, Torrent Power operates a portfolio of gas, combined cycle, coal, wind, and solar power plants. The group's reportable segments are: Generation, Transmission and Distribution, and Renewables. The majority of its revenue is generated from the Transmission and Distribution segment, which comprises transmission and distribution business (licensed and franchisee) and related ancillary services. The Generation segment includes the generation of power from thermal sources (gas and coal) and trading of Regassified Liquified Natural Gas, and the Renewables segment includes generation of power from renewable energy sources.
88GF Score
Get the complete analysis for NSE:TORNTPOWER
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:TORNTPOWER has been successfully added to your 
