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Oceana GroupOCGPF 78 Owner Earnings per Share (TTM) is 0.17 as of Sep. 2025, which is 99% below its 10-year median of 11.49. GuruFocus rates OCGPF with a GF Score™ of 78/100 and a GF Value™ of $2.86. The stock has 10 warning signs investors should review. Among 993 Consumer Packaged Goods companies, Oceana Group ranks worse than 58.51% 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)."
Oceana Group's Owner Earnings per Share (TTM) ended in Sep. 2025 was $0.17. It's Price-to-Owner-Earnings ratio for today is 17.65.
The historical rank and industry rank for Oceana Group's Owner Earnings per Share (TTM) or its related term are showing as below:
OCGPF'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.37 Med: 11.49 Max: 36.58
Current: 17.74
During the past 13 years, the highestPrice-to-Owner-Earnings ratio of Oceana Group was 36.58. The lowest was 5.37. And the median was 11.49.
OCGPF's Price-to-Owner-Earnings is ranked worse than 58.51% of 993
companies
in the Consumer Packaged Goods industry
Industry Median: 14.66
vs OCGPF: 17.74
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.
Oceana Group Owner Earnings per Share (TTM) Related Terms
Oceana Group Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Oceana Group'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.
OCGPF vs KHC, GIS, HRL: Owner Earnings per Share (TTM) Comparison
For the Packaged Foods subindustry, Oceana Group'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.
Oceana Group Price-to-Owner-Earnings vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Oceana Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Oceana Group'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.
Oceana Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Sep. 2025 was $0.0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $16.8 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.
Oceana Group's 5-Year Average Maintenance Capital Expenditure = $16.8 Mil
5. "Change In Working Capital" is from cashflow statement. Oceana Group's Change In Working Capital for the trailing twelve months (TTM) ended in Sep. 2025 was $-14.1 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 0.17 mean?
Oceana Group (OCGPF) has a Owner Earnings per Share (TTM) of 0.17 as of Sep. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Oceana Group. This is 99% below median its historical median of 11.49. Over the past decade, Oceana Group's Owner Earnings per Share (TTM) has ranged from 5.37 to 36.58. According to the industry distribution chart, Oceana Group ranks #581 out of 993 companies in the Consumer Packaged Goods industry, placing it in the top 58.5%.
Is Oceana Group's Owner Earnings per Share (TTM) too high?
Oceana Group's current Owner Earnings per Share (TTM) of 0.17 is 99% below median its 10-year median of 11.49. Over the past 10 years, this metric has ranged from a low of 5.37 to a high of 36.58. The Consumer Packaged Goods industry median Owner Earnings per Share (TTM) is 14.66. Oceana Group's value of 0.17 is 98.8% below this industry median. Based on the distribution chart, Oceana Group ranks #581 out of 993 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Oceana Group has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Oceana Group's Owner Earnings per Share (TTM) compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Oceana Group ranks #581 out of 993 companies for Owner Earnings per Share (TTM). This places Oceana Group in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.66. Oceana Group's value of 0.17 is 98.8% below this benchmark. Historically, Oceana Group's own Owner Earnings per Share (TTM) has ranged from 5.37 to 36.58 over the past decade. While the company's 10-year median is 11.49 vs. the industry median of 14.66, Oceana Group 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 Consumer Packaged Goods company?
The median Owner Earnings per Share (TTM) among Consumer Packaged Goods companies is 14.66, based on 993 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. Oceana Group's current Owner Earnings per Share (TTM) of 0.17 is 98.8% 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 Oceana Group. For the Consumer Packaged Goods industry, the median Owner Earnings per Share (TTM) is 14.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oceana Group's current Owner Earnings per Share (TTM) is 0.17, which is 99% below median its own 10-year median of 11.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceana Group stock overvalued right now?
Oceana Group (OCGPF) has a current Owner Earnings per Share (TTM) of 0.17. The stock's GF Value™ is $2.86, compared to a current price of $3.00 — trading 4.9% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.17, which is 99% below median its 10-year median of 11.49 and 98.8% below the Consumer Packaged Goods industry median of 14.66. Oceana Group's overall GF Score™ is 78/100 with 10 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 Oceana Group (OCGPF), the current Owner Earnings per Share (TTM) is 0.17 as of Sep. 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 Oceana Group (OCGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Oceana Group stock appears to be overvalued.
The current stock price of $3.00 is trading 4.9% above its estimated GF Value™ of $2.86.
Key valuation signals for OCGPF:
Owner Earnings per Share (TTM): 0.17 (99% below median its 10-year median of 11.49)
GF Value™: $2.86 vs. price of $3.00 (4.9% above fair value)
Industry Position: 98.8% below the Consumer Packaged Goods median (#581 of 993)
No single metric tells the full story. See the OCGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oceana Group Ltd is a diversified, international fish and food company engaged in the responsible catching, procuring, processing, marketing and distribution of fish and food products. Its products and services include canned fish (notably pilchards), other canned foods such as tuna, sardines and canned meats, fishmeal and fish oil for the aquaculture, animal feed and pet food industries, as well as wild-caught seafood including horse mackerel, hake, squid and lobster. The Group operates through three main segments: Lucky Star Foods, Fishmeal and Fish Oil, and Wild Caught Seafood, with the majority of its revenue generated from the Lucky Star Foods segment. Geographically, the Group operates in South Africa, Namibia, other parts of Africa, Europe, the Americas and the Far East.
78GF Score
Get the complete analysis for OCGPF
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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