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Sony Financial GroupSFGYY +2.97%24 Owner Earnings per Share (TTM) is 2.04 as of Mar. 2026, which is 143% above its 10-year median of 0.84. GuruFocus rates SFGYY with a GF Scoreâ„¢ of 24/100. The stock has 8 warning signs investors should review. Among 352 Insurance companies, Sony Financial Group ranks better than 87.5% 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)."
Sony Financial Group's Owner Earnings per Share (TTM) ended in Mar. 2026 was $2.04. It's Price-to-Owner-Earnings ratio for today is 2.38.
The historical rank and industry rank for Sony Financial Group's Owner Earnings per Share (TTM) or its related term are showing as below:
SFGYY'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 0.76 Med: 0.84 Max: 2.42
Current: 2.42
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.
Sony Financial Group Owner Earnings per Share (TTM) Related Terms
Sony Financial Group Owner Earnings per Share (TTM) Historical Data
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The historical data trend for Sony Financial 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.
Sony Financial Group Owner Earnings per Share (TTM) Chart
SFGYY vs AFL, MET, PRU: Owner Earnings per Share (TTM) Comparison
For the Insurance - Life subindustry, Sony Financial 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.
Sony Financial Group Price-to-Owner-Earnings vs Insurance Industry
For the Insurance industry and Financial Services sector, Sony Financial Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Sony Financial 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)."
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.
Sony Financial Group'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 = $157 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.
Sony Financial Group's 5-Year Average Maintenance Capital Expenditure = $157 Mil
5. "Change In Working Capital" is from cashflow statement. Sony Financial Group's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was $2,695 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 2.04 mean?
Sony Financial Group (SFGYY) has a Owner Earnings per Share (TTM) of 2.04 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Sony Financial Group. This is 143% above median its historical median of 0.84. Over the past decade, Sony Financial Group's Owner Earnings per Share (TTM) has ranged from 0.76 to 2.42. According to the industry distribution chart, Sony Financial Group ranks #44 out of 352 companies in the Insurance industry, placing it in the top 12.5%.
Is Sony Financial Group's Owner Earnings per Share (TTM) too high?
Sony Financial Group's current Owner Earnings per Share (TTM) of 2.04 is 143% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 2.42. The Insurance industry median Owner Earnings per Share (TTM) is 8.42. Sony Financial Group's value of 2.04 is 75.8% below this industry median. Based on the distribution chart, Sony Financial Group ranks #44 out of 352 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Sony Financial Group has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Sony Financial Group's Owner Earnings per Share (TTM) compare to AFL and MET?
According to the Insurance industry distribution chart, Sony Financial Group ranks #44 out of 352 companies for Owner Earnings per Share (TTM). This places Sony Financial Group in the top 13% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 8.42. Sony Financial Group's value of 2.04 is 75.8% below this benchmark. Historically, Sony Financial Group's own Owner Earnings per Share (TTM) has ranged from 0.76 to 2.42 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 8.42, Sony Financial 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 an Insurance company?
The median Owner Earnings per Share (TTM) among Insurance companies is 8.42, based on 352 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. Sony Financial Group's current Owner Earnings per Share (TTM) of 2.04 is 75.8% 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 Sony Financial Group. For the Insurance industry, the median Owner Earnings per Share (TTM) is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sony Financial Group's current Owner Earnings per Share (TTM) is 2.04, which is 143% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sony Financial Group stock overvalued right now?
Sony Financial Group (SFGYY) has a current Owner Earnings per Share (TTM) of 2.04. The current Owner Earnings per Share (TTM) is 2.04, which is 143% above median its 10-year median of 0.84 and 75.8% below the Insurance industry median of 8.42. Sony Financial Group's overall GF Score™ is 24/100 with 8 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 Sony Financial Group (SFGYY), the current Owner Earnings per Share (TTM) is 2.04 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.
Sony Financial Group Inc is a Japanese financial holding company with three core subsidiaries: Sony Life Insurance Co., Ltd. (Sony Life), Sony Assurance Inc. (Sony Assurance) and Sony Bank Inc. (Sony Bank). Sony Life provides tailor-made life insurance based on detailed consulting by Lifeplanner sales specialists (sales staff) and partners. Sony Assurance provides automobile, fire, medical, and other forms of insurance through the Internet and telephone. Sony Bank provides deposits, mortgages, investment trusts, and foreign exchange margin transaction services through the Internet. The company has three business segments, namely Life Insurance Business, Non-life Insurance Business, Banking Business, and others.
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