BTL (ROCO:6840) Owner Earnings per Share (TTM): (As of Jun. 2026)

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ROCO:6840 BTL Inc ROCO:6840
78 GF Score
Price NT$104.50
GF Value NT$64.27
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is BTL Owner Earnings per Share (TTM)?

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)."

BTL 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 BTL's Owner Earnings per Share (TTM) or its related term are showing as below:

ROCO:6840' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 90.84   Med: 120.44   Max: 354.44
Current: 155.05


During the past 7 years, the highest Price-to-Owner-Earnings ratio of BTL was 354.44. The lowest was 90.84. And the median was 120.44.


ROCO:6840's Price-to-Owner-Earnings is ranked worse than
87.57% of 1046 companies
in the Hardware industry
Industry Median: 24.595 vs ROCO:6840: 155.05

BTL's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was NT$0.88. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2.08. It's PE Ratio (TTM) ratio for today is 50.34.

BTL's EPS without NRI for the three months ended in Jun. 2026 was NT$0.87. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was NT$1.97. It's PE Ratio without NRI ratio for today is 53.10.


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 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.


BTL Owner Earnings per Share (TTM) Related Terms


BTL Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for BTL'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.

BTL Owner Earnings per Share (TTM) Chart

BTL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial - - - -0.07 1.57

BTL Quarterly Data
Mar22 Jun22 Sep22 Dec22 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 - - - - -

ROCO:6840 vs APH, GLW, TEL: Owner Earnings per Share (TTM) Comparison

For the Electronic Components subindustry, BTL'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.


BTL Price-to-Owner-Earnings vs Hardware Industry

For the Hardware industry and Technology sector, BTL's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where BTL's Price-to-Owner-Earnings falls into.


ROCO:6840
78GF Score
BTL Inc ROCO:6840
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BTL 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)

BTL does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.

Is BTL (ROCO:6840) Overvalued in 2026?

Based on GuruFocus' analysis, BTL stock appears to be overvalued. The current stock price of NT$104.50 is trading 62.6% above its estimated GF Value™ of NT$64.27. GuruFocus considers BTL to be Significantly Overvalued.

Key valuation signals for ROCO:6840:

  • Owner Earnings per Share (TTM):
  • GF Value™: NT$64.27 vs. price of NT$104.50 (62.6% above fair value)
  • GF Score™: 78/100 with 9 warning signs

No single metric tells the full story. See the ROCO:6840 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BTL Business Description

Address Jiuzong Road, 4th Floor, No. 18, Lane 171, Section 2, Neihu District, Taipei, TWN, 114
BTL Inc is engaged in providing professional EMC, Safety testing, and certification services for electronics, electrical, communications, and radio products and devices.
78GF Score

Get the complete analysis for ROCO:6840

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

NT$104.50
Price
NT$64.27
GF Value