SEGSF (SIA Engineering Co) Owner Earnings per Share (TTM): 0.09 (As of Mar. 2026) — 100% Below Median

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SEGSF SIA Engineering Co Ltd SEGSF
90 GF Score
Price $2.69
GF Value $2.73
Valuation Fairly Valued
! 4 Warning Signs
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What is SIA Engineering Co Owner Earnings per Share (TTM)?

SIA Engineering Co SEGSF 90 Owner Earnings per Share (TTM) is 0.09 as of Mar. 2026, which is 100% below its 10-year median of 18.58. GuruFocus rates SEGSF with a GF Score™ of 90/100 and a GF Value™ of $2.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 547 Transportation companies, SIA Engineering Co ranks worse than 77.51% on this metric.

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)."

SIA Engineering Co's Owner Earnings per Share (TTM) ended in Mar. 2026 was $0.09. It's Price-to-Owner-Earnings ratio for today is 29.94.


The historical rank and industry rank for SIA Engineering Co's Owner Earnings per Share (TTM) or its related term are showing as below:

SEGSF' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 9.06   Med: 18.58   Max: 40.31
Current: 30.18


During the past 13 years, the highest Price-to-Owner-Earnings ratio of SIA Engineering Co was 40.31. The lowest was 9.06. And the median was 18.58.


SEGSF's Price-to-Owner-Earnings is ranked worse than
77.51% of 547 companies
in the Transportation industry
Industry Median: 13.04 vs SEGSF: 30.18

SIA Engineering Co's Earnings per Share (Diluted) for the six months ended in Mar. 2026 was $0.06. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.12. It's PE Ratio (TTM) ratio for today is 22.83.

SIA Engineering Co's EPS without NRI for the six months ended in Mar. 2026 was $0.06. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $0.12. It's PE Ratio without NRI ratio for today is 22.64.


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 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.


SIA Engineering Co Owner Earnings per Share (TTM) Related Terms


SIA Engineering Co Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for SIA Engineering Co'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.

SIA Engineering Co Owner Earnings per Share (TTM) Chart

SIA Engineering Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.08 0.10 0.18 0.09

SIA Engineering Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 Premium Member Only Premium Member Only 0.10 0.00 0.18 0.00 0.09

SEGSF vs JOBY, CAAP: Owner Earnings per Share (TTM) Comparison

For the Airports & Air Services subindustry, SIA Engineering Co'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.


SIA Engineering Co Price-to-Owner-Earnings vs Transportation Industry

For the Transportation industry and Industrials sector, SIA Engineering Co's Price-to-Owner-Earnings distribution charts can be found below:

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


SEGSF
90GF Score
SIA Engineering Co Ltd SEGSF
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SIA Engineering Co 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)

SIA Engineering Co's Owner Earnings per Share (TTM) Calculation:

Last Year Average of Last 5 Years
Net Income 132
Depreciation, Depletion and Amortization 52
Change In Deferred Tax 0
5Y Average of Maintenance Capital Expenditure 24
Change In Working Capital -61
Shares Outstanding (Diluted Average) 1,124

1. Start with "Net Income" from income statement. SIA Engineering Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was $132 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. SIA Engineering Co's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Mar. 2026 was $52 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

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. SIA Engineering Co's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was $0 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $24 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.

SIA Engineering Co's 5-Year Average Maintenance Capital Expenditure = $24 Mil

5. "Change In Working Capital" is from cashflow statement. SIA Engineering Co's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was $-61 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.

6. SIA Engineering Co's Shares Outstanding (Diluted Average) for the months ended in Mar. 2026 was 1123.962 Mil.

SIA Engineering Co's Onwer Earnings Per Share for Mar. 2026 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 131.981 +52.315+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-24.478+-61.35)/1123.962
=0.09

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=2.69415/0.09
=29.94

* 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 0.09 mean?
SIA Engineering Co (SEGSF) has a Owner Earnings per Share (TTM) of 0.09 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on SIA Engineering Co. This is 100% below median its historical median of 18.58. Over the past decade, SIA Engineering Co's Owner Earnings per Share (TTM) has ranged from 9.06 to 40.31. According to the industry distribution chart, SIA Engineering Co ranks #424 out of 547 companies in the Transportation industry, placing it in the top 77.5%.
Is SIA Engineering Co's Owner Earnings per Share (TTM) too high?
SIA Engineering Co's current Owner Earnings per Share (TTM) of 0.09 is 100% below median its 10-year median of 18.58. Over the past 10 years, this metric has ranged from a low of 9.06 to a high of 40.31. The Transportation industry median Owner Earnings per Share (TTM) is 13.04. SIA Engineering Co's value of 0.09 is 99.3% below this industry median. Based on the distribution chart, SIA Engineering Co ranks #424 out of 547 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, SIA Engineering Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SIA Engineering Co's Owner Earnings per Share (TTM) compare to JOBY and CAAP?
According to the Transportation industry distribution chart, SIA Engineering Co ranks #424 out of 547 companies for Owner Earnings per Share (TTM). This places SIA Engineering Co in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 13.04. SIA Engineering Co's value of 0.09 is 99.3% below this benchmark. Historically, SIA Engineering Co's own Owner Earnings per Share (TTM) has ranged from 9.06 to 40.31 over the past decade. While the company's 10-year median is 18.58 vs. the industry median of 13.04, SIA Engineering Co 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 Transportation company?
The median Owner Earnings per Share (TTM) among Transportation companies is 13.04, based on 547 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. SIA Engineering Co's current Owner Earnings per Share (TTM) of 0.09 is 99.3% 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 SIA Engineering Co. For the Transportation industry, the median Owner Earnings per Share (TTM) is 13.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SIA Engineering Co's current Owner Earnings per Share (TTM) is 0.09, which is 100% below median its own 10-year median of 18.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SIA Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, SIA Engineering Co (SEGSF) is currently considered Fairly Valued. The stock's GF Value™ is $2.73, compared to a current price of $2.69 — trading 1.3% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.09, which is 100% below median its 10-year median of 18.58 and 99.3% below the Transportation industry median of 13.04. SIA Engineering Co's overall GF Score™ is 90/100 with 4 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 SIA Engineering Co (SEGSF), the current Owner Earnings per Share (TTM) is 0.09 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 SIA Engineering Co (SEGSF) Overvalued in 2026?

Based on GuruFocus' analysis, SIA Engineering Co stock appears to be undervalued. The current stock price of $2.69 is trading 1.3% below its estimated GF Value™ of $2.73. GuruFocus considers SIA Engineering Co to be Fairly Valued.

Key valuation signals for SEGSF:

  • Owner Earnings per Share (TTM): 0.09 (100% below median its 10-year median of 18.58)
  • GF Value™: $2.73 vs. price of $2.69 (1.3% below fair value)
  • GF Score™: 90/100 with 4 warning signs
  • Industry Position: 99.3% below the Transportation median (#424 of 547)

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


SIA Engineering Co Business Description

Other Exchanges S59:SingaporeO3H:Germany
Address 31 Airline Road, Singapore, SGP, 819831
SIA Engineering Co Ltd is engaged in providing airline services. The activities of the company include provision of airframe maintenance, component overhaul services and inventory technical management, the provision of line maintenance and technical ground handling services and investment holdings. The company is organized into two segments: airframe/line maintenance and engine/component. The airframe and line maintenance segment provides airframe maintenance, line maintenance, and inventory technical management; and The engine and component segment provides component overhaul and engine repair and overhaul services. Geographically, the company derives its maximum revenue from East Asia region followed by Europe, West Asia and Africa, Americas, and South West Pacific.
90GF Score

Get the complete analysis for SEGSF

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

$2.69
Price
$2.73
GF Value