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PN Smart EnergyPN -3.37%18 Owner Earnings per Share (TTM) is 0.76 as of Sep. 2025, which is 94% below its 10-year median of 13.74. GuruFocus rates PN with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 439 Semiconductors companies, PN Smart Energy ranks better than 89.52% 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)."
PN Smart Energy's Owner Earnings per Share (TTM) ended in Sep. 2025 was $0.76. It's Price-to-Owner-Earnings ratio for today is 9.07.
The historical rank and industry rank for PN Smart Energy's Owner Earnings per Share (TTM) or its related term are showing as below:
PN'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 3.12 Med: 13.74 Max: 26.18
Current: 8.96
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.
PN Smart Energy Owner Earnings per Share (TTM) Related Terms
PN Smart Energy Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for PN Smart Energy'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.
PN Smart Energy Owner Earnings per Share (TTM) Chart
PN vs HYSR, TYGO, SPWR: Owner Earnings per Share (TTM) Comparison
For the Solar subindustry, PN Smart Energy'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.
PN Smart Energy Price-to-Owner-Earnings vs Semiconductors Industry
For the Semiconductors industry and Technology sector, PN Smart Energy's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where PN Smart Energy'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.
PN Smart Energy's Change In Deferred Tax for the trailing twelve months (TTM) ended in Sep. 2025 was $0.00 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $0.70 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.
PN Smart Energy's 5-Year Average Maintenance Capital Expenditure = $0.70 Mil
5. "Change In Working Capital" is from cashflow statement. PN Smart Energy's Change In Working Capital for the trailing twelve months (TTM) ended in Sep. 2025 was $3.62 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 0.76 mean?
PN Smart Energy (PN) has a Owner Earnings per Share (TTM) of 0.76 as of Sep. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on PN Smart Energy. This is 94% below median its historical median of 13.74. Over the past decade, PN Smart Energy's Owner Earnings per Share (TTM) has ranged from 3.12 to 26.18. According to the industry distribution chart, PN Smart Energy ranks #46 out of 439 companies in the Semiconductors industry, placing it in the top 10.5%.
Is PN Smart Energy's Owner Earnings per Share (TTM) too high?
PN Smart Energy's current Owner Earnings per Share (TTM) of 0.76 is 94% below median its 10-year median of 13.74. Over the past 10 years, this metric has ranged from a low of 3.12 to a high of 26.18. The Semiconductors industry median Owner Earnings per Share (TTM) is 45.82. PN Smart Energy's value of 0.76 is 98.3% below this industry median. Based on the distribution chart, PN Smart Energy ranks #46 out of 439 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, PN Smart Energy has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does PN Smart Energy's Owner Earnings per Share (TTM) compare to HYSR and TYGO?
According to the Semiconductors industry distribution chart, PN Smart Energy ranks #46 out of 439 companies for Owner Earnings per Share (TTM). This places PN Smart Energy in the top 11% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 45.82. PN Smart Energy's value of 0.76 is 98.3% below this benchmark. Historically, PN Smart Energy's own Owner Earnings per Share (TTM) has ranged from 3.12 to 26.18 over the past decade. While the company's 10-year median is 13.74 vs. the industry median of 45.82, PN Smart Energy 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 Semiconductors company?
The median Owner Earnings per Share (TTM) among Semiconductors companies is 45.82, based on 439 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. PN Smart Energy's current Owner Earnings per Share (TTM) of 0.76 is 98.3% 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 PN Smart Energy. For the Semiconductors industry, the median Owner Earnings per Share (TTM) is 45.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PN Smart Energy's current Owner Earnings per Share (TTM) is 0.76, which is 94% below median its own 10-year median of 13.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PN Smart Energy stock overvalued right now?
PN Smart Energy (PN) has a current Owner Earnings per Share (TTM) of 0.76. The current Owner Earnings per Share (TTM) is 0.76, which is 94% below median its 10-year median of 13.74 and 98.3% below the Semiconductors industry median of 45.82. PN Smart Energy's overall GF Score™ is 18/100 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 PN Smart Energy (PN), the current Owner Earnings per Share (TTM) is 0.76 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.
PN Smart Energy Ltd is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. The company operates as an independent power provider (IPP) focused on the development of clean power stations, critical energy materials, and intelligent energy infrastructure. Through its PNTECH brand, the company also manufactures photovoltaic cables and connectors, serving customers across various countries and regions.
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