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OTC Markets GroupOTCM +0.75%87 Owner Earnings per Share (TTM) is 3.53 as of Mar. 2026, which is 83% below its 10-year median of 20.51. GuruFocus rates OTCM with a GF Score™ of 87/100 and a GF Value™ of $61.96 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 340 Capital Markets companies, OTC Markets Group ranks worse than 52.06% 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)."
OTC Markets Group's Owner Earnings per Share (TTM) ended in Mar. 2026 was $3.53. It's Price-to-Owner-Earnings ratio for today is 15.2.
The historical rank and industry rank for OTC Markets Group's Owner Earnings per Share (TTM) or its related term are showing as below:
OTCM'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 14.47 Med: 20.51 Max: 32.33
Current: 15.22
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.
OTC Markets Group Owner Earnings per Share (TTM) Related Terms
OTC Markets Group Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for OTC Markets 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.
OTC Markets Group Owner Earnings per Share (TTM) Chart
OTCM vs VALU, DTCX, MKTW: Owner Earnings per Share (TTM) Comparison
For the Financial Data & Stock Exchanges subindustry, OTC Markets 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.
OTC Markets Group Price-to-Owner-Earnings vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, OTC Markets Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where OTC Markets 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)."
1. Start with "Net Income" from income statement. OTC Markets Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was $32.2 Mil.
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.
OTC Markets Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was $4.8 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $1.1 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 quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, 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.
OTC Markets Group's 5-Year Average Maintenance Capital Expenditure = $1.1 Mil
5. "Change In Working Capital" is from cashflow statement. OTC Markets Group's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was $3.4 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 3.53 mean?
OTC Markets Group (OTCM) has a Owner Earnings per Share (TTM) of 3.53 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on OTC Markets Group. This is 83% below median its historical median of 20.51. Over the past decade, OTC Markets Group's Owner Earnings per Share (TTM) has ranged from 14.47 to 32.33. According to the industry distribution chart, OTC Markets Group ranks #177 out of 340 companies in the Capital Markets industry, placing it in the top 52.1%.
Is OTC Markets Group's Owner Earnings per Share (TTM) too high?
OTC Markets Group's current Owner Earnings per Share (TTM) of 3.53 is 83% below median its 10-year median of 20.51. Over the past 10 years, this metric has ranged from a low of 14.47 to a high of 32.33. The Capital Markets industry median Owner Earnings per Share (TTM) is 14.74. OTC Markets Group's value of 3.53 is 76% below this industry median. Based on the distribution chart, OTC Markets Group ranks #177 out of 340 companies in the Capital Markets industry, which is below the industry midpoint. Overall, OTC Markets Group has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OTC Markets Group's Owner Earnings per Share (TTM) compare to VALU and DTCX?
According to the Capital Markets industry distribution chart, OTC Markets Group ranks #177 out of 340 companies for Owner Earnings per Share (TTM). This places OTC Markets Group in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.74. OTC Markets Group's value of 3.53 is 76% below this benchmark. Historically, OTC Markets Group's own Owner Earnings per Share (TTM) has ranged from 14.47 to 32.33 over the past decade. While the company's 10-year median is 20.51 vs. the industry median of 14.74, OTC Markets 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 Capital Markets company?
The median Owner Earnings per Share (TTM) among Capital Markets companies is 14.74, based on 340 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. OTC Markets Group's current Owner Earnings per Share (TTM) of 3.53 is 76% 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 OTC Markets Group. For the Capital Markets industry, the median Owner Earnings per Share (TTM) is 14.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OTC Markets Group's current Owner Earnings per Share (TTM) is 3.53, which is 83% below median its own 10-year median of 20.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OTC Markets Group stock overvalued right now?
Based on GuruFocus' analysis, OTC Markets Group (OTCM) is currently considered Modestly Undervalued. The stock's GF Value™ is $61.96, compared to a current price of $53.65 — trading 13.4% below its estimated fair value. The current Owner Earnings per Share (TTM) is 3.53, which is 83% below median its 10-year median of 20.51 and 76% below the Capital Markets industry median of 14.74. OTC Markets Group's overall GF Score™ is 87/100 with 3 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 OTC Markets Group (OTCM), the current Owner Earnings per Share (TTM) is 3.53 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 OTC Markets Group (OTCM) Overvalued in 2026?
Based on GuruFocus' analysis, OTC Markets Group stock appears to be undervalued.
The current stock price of $53.65 is trading 13.4% below its estimated GF Value™ of $61.96.
GuruFocus considers OTC Markets Group to be Modestly Undervalued.
Key valuation signals for OTCM:
Owner Earnings per Share (TTM): 3.53 (83% below median its 10-year median of 20.51)
GF Value™: $61.96 vs. price of $53.65 (13.4% below fair value)
Industry Position: 76% below the Capital Markets median (#177 of 340)
No single metric tells the full story. See the OTCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OTC Markets Group Inc operates financial markets for securities in the U.S. and globally. The firm mainly operates OTCQX market, OTCQB venture market and Pink open market. It has OTC link ATS, market data licensing and corporate services business lines. The activities of these business lines encompass quotation and trade messaging services, network-based platform, access to market data, a suite of market data licenses and disclosure and information services. It derives a majority of its revenue from the U.S.
87GF Score
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