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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Singapore AirlinesSINGF 78 Owner Earnings per Share (TTM) is 0.00 as of Mar. 2026. GuruFocus rates SINGF with a GF Score™ of 78/100 and a GF Value™ of $5.28 (Fairly Valued). The stock has 9 warning signs investors should review. Among 548 Transportation companies, Singapore Airlines ranks worse than 182481.57% 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)."
Singapore Airlines 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 Singapore Airlines's Owner Earnings per Share (TTM) or its related term are showing as below:
SINGF's Price-to-Owner-Earnings is not ranked *
in the Transportation industry.
Industry Median: 13 * Ranked among companies with meaningful Price-to-Owner-Earnings only.
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.
Singapore Airlines Owner Earnings per Share (TTM) Related Terms
Singapore Airlines Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Singapore Airlines'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.
Singapore Airlines Owner Earnings per Share (TTM) Chart
SINGF vs DAL, UAL, LUV: Owner Earnings per Share (TTM) Comparison
For the Airlines subindustry, Singapore Airlines'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.
Singapore Airlines Price-to-Owner-Earnings vs Transportation Industry
For the Transportation industry and Industrials sector, Singapore Airlines's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Singapore Airlines'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)."
What does a Owner Earnings per Share (TTM) of 0.00 mean?
Singapore Airlines (SINGF) has a Owner Earnings per Share (TTM) of 0.00 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Singapore Airlines. Over the past decade, Singapore Airlines' Owner Earnings per Share (TTM) has ranged from 23.24 to 139.72. According to the industry distribution chart, Singapore Airlines ranks #999999 out of 548 companies in the Transportation industry.
Is Singapore Airlines' Owner Earnings per Share (TTM) too high?
Singapore Airlines' current Owner Earnings per Share (TTM) is 0.00. Over the past 10 years, this metric has ranged from a low of 23.24 to a high of 139.72. Based on the distribution chart, Singapore Airlines ranks #999999 out of 548 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Singapore Airlines has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' Owner Earnings per Share (TTM) compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #999999 out of 548 companies for Owner Earnings per Share (TTM). This places Singapore Airlines in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 13.00. Historically, Singapore Airlines' own Owner Earnings per Share (TTM) has ranged from 23.24 to 139.72 over the past decade. 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 13.00, based on 548 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. 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 Singapore Airlines. For the Transportation industry, the median Owner Earnings per Share (TTM) is 13.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current Owner Earnings per Share (TTM) is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Based on GuruFocus' analysis, Singapore Airlines (SINGF) is currently considered Fairly Valued. The stock's GF Value™ is $5.28, compared to a current price of $5.66 — trading 7.3% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.00. Singapore Airlines' overall GF Score™ is 78/100 with 9 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 Singapore Airlines (SINGF), the current Owner Earnings per Share (TTM) is 0.00 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 Singapore Airlines (SINGF) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Airlines stock appears to be overvalued.
The current stock price of $5.66 is trading 7.3% above its estimated GF Value™ of $5.28.
GuruFocus considers Singapore Airlines to be Fairly Valued.
Key valuation signals for SINGF:
Owner Earnings per Share (TTM): 0.00
GF Value™: $5.28 vs. price of $5.66 (7.3% above fair value)
No single metric tells the full story. See the SINGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.
78GF Score
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