SEI (Solaris Energy Infrastructure) Owner Earnings per Share (TTM): 0.16 (As of Jun. 2026) — 99% Below Median

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SEI Solaris Energy Infrastructure Inc SEI
74 GF Score
Price $63.30
GF Value $25.63
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Solaris Energy Infrastructure Owner Earnings per Share (TTM)?

Solaris Energy Infrastructure SEI +5.68% 74 Owner Earnings per Share (TTM) is 0.16 as of Jun. 2026, which is 99% below its 10-year median of 16.39. GuruFocus rates SEI with a GF Score™ of 74/100 and a GF Value™ of $25.63 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 458 Oil & Gas companies, Solaris Energy Infrastructure ranks worse than 99.13% 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)."

Solaris Energy Infrastructure's Owner Earnings per Share (TTM) ended in Jun. 2026 was $0.16. It's Price-to-Owner-Earnings ratio for today is 395.63.


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

SEI' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 7.99   Med: 16.39   Max: 552.75
Current: 400.59


During the past 11 years, the highest Price-to-Owner-Earnings ratio of Solaris Energy Infrastructure was 552.75. The lowest was 7.99. And the median was 16.39.


SEI's Price-to-Owner-Earnings is ranked worse than
99.13% of 458 companies
in the Oil & Gas industry
Industry Median: 10.935 vs SEI: 400.59

Solaris Energy Infrastructure's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was $0.26. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.85. It's PE Ratio (TTM) ratio for today is 74.47.

Solaris Energy Infrastructure's EPS without NRI for the three months ended in Jun. 2026 was $0.42. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was $1.50. It's PE Ratio without NRI ratio for today is 42.28.


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.


Solaris Energy Infrastructure Owner Earnings per Share (TTM) Related Terms


Solaris Energy Infrastructure Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Solaris Energy Infrastructure'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.

Solaris Energy Infrastructure Owner Earnings per Share (TTM) Chart

Solaris Energy Infrastructure Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.03 -0.01 0.87 -0.61 -0.58

Solaris Energy Infrastructure Quarterly Data
Sep21 Dec21 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 Premium Member Only Premium Member Only -1.84 -0.68 -0.58 -0.75 0.16

SEI vs LBRT, USAC, WHD: Owner Earnings per Share (TTM) Comparison

For the Oil & Gas Equipment & Services subindustry, Solaris Energy Infrastructure'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.


Solaris Energy Infrastructure Price-to-Owner-Earnings vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Solaris Energy Infrastructure's Price-to-Owner-Earnings distribution charts can be found below:

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


SEI
74GF Score
Solaris Energy Infrastructure Inc SEI
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solaris Energy Infrastructure 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)

Solaris Energy Infrastructure's Owner Earnings per Share (TTM) Calculation:

TTM / Last Quarter Average of Last 20 Quarters
Net Income 54.8
Depreciation, Depletion and Amortization 110.1
Change In Deferred Tax 27.3
5Y Average of Maintenance Capital Expenditure 292.6
Change In Working Capital 112.9
Shares Outstanding (Diluted Average) 79.0

1. Start with "Net Income" from income statement. Solaris Energy Infrastructure's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was $54.8 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Solaris Energy Infrastructure's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Jun. 2026 was $110.1 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. Solaris Energy Infrastructure's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jun. 2026 was $27.3 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $292.6 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.

Solaris Energy Infrastructure's 5-Year Average Maintenance Capital Expenditure = $292.6 Mil

5. "Change In Working Capital" is from cashflow statement. Solaris Energy Infrastructure's Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2026 was $112.9 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. Solaris Energy Infrastructure's Shares Outstanding (Diluted Average) for the months ended in Jun. 2026 was 78.979 Mil.

Solaris Energy Infrastructure's Onwer Earnings Per Share for Jun. 2026 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 54.818 +110.12+27.253
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-292.6123481242+112.924)/78.979
=0.16

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=63.30/0.16
=395.63

* 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 0.16 mean?
Solaris Energy Infrastructure (SEI) has a Owner Earnings per Share (TTM) of 0.16 as of Jun. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Solaris Energy Infrastructure. This is 99% below median its historical median of 16.39. Over the past decade, Solaris Energy Infrastructure's Owner Earnings per Share (TTM) has ranged from 7.99 to 552.75. According to the industry distribution chart, Solaris Energy Infrastructure ranks #454 out of 458 companies in the Oil & Gas industry, placing it in the top 99.1%.
Is Solaris Energy Infrastructure's Owner Earnings per Share (TTM) too high?
Solaris Energy Infrastructure's current Owner Earnings per Share (TTM) of 0.16 is 99% below median its 10-year median of 16.39. Over the past 10 years, this metric has ranged from a low of 7.99 to a high of 552.75. The Oil & Gas industry median Owner Earnings per Share (TTM) is 10.94. Solaris Energy Infrastructure's value of 0.16 is 98.5% below this industry median. Based on the distribution chart, Solaris Energy Infrastructure ranks #454 out of 458 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Solaris Energy Infrastructure has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Solaris Energy Infrastructure's Owner Earnings per Share (TTM) compare to LBRT and USAC?
According to the Oil & Gas industry distribution chart, Solaris Energy Infrastructure ranks #454 out of 458 companies for Owner Earnings per Share (TTM). This places Solaris Energy Infrastructure in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 10.94. Solaris Energy Infrastructure's value of 0.16 is 98.5% below this benchmark. Historically, Solaris Energy Infrastructure's own Owner Earnings per Share (TTM) has ranged from 7.99 to 552.75 over the past decade. While the company's 10-year median is 16.39 vs. the industry median of 10.94, Solaris Energy Infrastructure 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 an Oil & Gas company?
The median Owner Earnings per Share (TTM) among Oil & Gas companies is 10.94, based on 458 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. Solaris Energy Infrastructure's current Owner Earnings per Share (TTM) of 0.16 is 98.5% 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 Solaris Energy Infrastructure. For the Oil & Gas industry, the median Owner Earnings per Share (TTM) is 10.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solaris Energy Infrastructure's current Owner Earnings per Share (TTM) is 0.16, which is 99% below median its own 10-year median of 16.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solaris Energy Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Solaris Energy Infrastructure (SEI) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.63, compared to a current price of $63.30 — trading 147% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.16, which is 99% below median its 10-year median of 16.39 and 98.5% below the Oil & Gas industry median of 10.94. Solaris Energy Infrastructure's overall GF Score™ is 74/100 with 5 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 Solaris Energy Infrastructure (SEI), the current Owner Earnings per Share (TTM) is 0.16 as of Jun. 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 Solaris Energy Infrastructure (SEI) Overvalued in 2026?

Based on GuruFocus' analysis, Solaris Energy Infrastructure stock appears to be overvalued. The current stock price of $63.30 is trading 147% above its estimated GF Value™ of $25.63. GuruFocus considers Solaris Energy Infrastructure to be Significantly Overvalued.

Key valuation signals for SEI:

  • Owner Earnings per Share (TTM): 0.16 (99% below median its 10-year median of 16.39)
  • GF Value™: $25.63 vs. price of $63.30 (147% above fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 98.5% below the Oil & Gas median (#454 of 458)

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


Solaris Energy Infrastructure Business Description

Industry EnergyOil & Gas
Other Exchanges 68S:Germany
Address 9651 Katy Freeway, Suite 300, Houston, TX, USA, 77024
Solaris Energy Infrastructure Inc provides modular and scalable equipment-based solutions for power generation, control, distribution, and the management of raw materials in oil and natural gas well completions. Its solutions are Solaris software suite, Fluid management system, Automated control systems, Field services, Last mile logistics management, Wet sand solutions, Power Solutions, and Integrated wellsite solution, among others. Solaris serves multiple U.S. end markets, including data center, energy, and other commercial and industrial sectors. The company has two reportable business segments: Solaris Power Solutions and Solaris Logistics Solutions. Maximum revenue is generated from the Solaris Power Solutions segment, delivering power generation and distribution solutions.
74GF Score

Get the complete analysis for SEI

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

$63.30
Price
$25.63
GF Value