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Shin Zu Shing CoTPE:3376 -2.92%88 Owner Earnings per Share (TTM) is 0.70 as of Mar. 2026, which is 97% below its 10-year median of 20.72. GuruFocus rates TPE:3376 with a GF Score™ of 88/100 and a GF Value™ of NT$230.48 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,381 Industrial Products companies, Shin Zu Shing Co ranks worse than 94.5% 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)."
Shin Zu Shing Co's Owner Earnings per Share (TTM) ended in Mar. 2026 was NT$0.70. It's Price-to-Owner-Earnings ratio for today is 261.43.
The historical rank and industry rank for Shin Zu Shing Co's Owner Earnings per Share (TTM) or its related term are showing as below:
TPE:3376'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 6.11 Med: 20.72 Max: 653.76
Current: 269.29
TPE:3376's Price-to-Owner-Earnings is ranked worse than 94.5% of 1381
companies
in the Industrial Products industry
Industry Median: 27.78
vs TPE:3376: 269.29
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.
Shin Zu Shing Co Owner Earnings per Share (TTM) Related Terms
Shin Zu Shing Co Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Shin Zu Shing 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.
Shin Zu Shing Co Owner Earnings per Share (TTM) Chart
TPE:3376 vs CRS, ATI, MLI: Owner Earnings per Share (TTM) Comparison
For the Metal Fabrication subindustry, Shin Zu Shing 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.
Shin Zu Shing Co Price-to-Owner-Earnings vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shin Zu Shing Co's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Shin Zu Shing Co'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)."
1. Start with "Net Income" from income statement. Shin Zu Shing Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$132 Mil.
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.
Shin Zu Shing Co's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was NT$0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = NT$533 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.
Shin Zu Shing Co's 5-Year Average Maintenance Capital Expenditure = NT$533 Mil
5. "Change In Working Capital" is from cashflow statement. Shin Zu Shing Co's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was NT$2 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 0.70 mean?
Shin Zu Shing Co (TPE:3376) has a Owner Earnings per Share (TTM) of 0.70 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Shin Zu Shing Co. This is 97% below median its historical median of 20.72. Over the past decade, Shin Zu Shing Co's Owner Earnings per Share (TTM) has ranged from 6.11 to 653.76. According to the industry distribution chart, Shin Zu Shing Co ranks #1305 out of 1381 companies in the Industrial Products industry, placing it in the top 94.5%.
Is Shin Zu Shing Co's Owner Earnings per Share (TTM) too high?
Shin Zu Shing Co's current Owner Earnings per Share (TTM) of 0.70 is 97% below median its 10-year median of 20.72. Over the past 10 years, this metric has ranged from a low of 6.11 to a high of 653.76. The Industrial Products industry median Owner Earnings per Share (TTM) is 27.78. Shin Zu Shing Co's value of 0.70 is 97.5% below this industry median. Based on the distribution chart, Shin Zu Shing Co ranks #1305 out of 1381 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Shin Zu Shing Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Zu Shing Co's Owner Earnings per Share (TTM) compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shin Zu Shing Co ranks #1305 out of 1381 companies for Owner Earnings per Share (TTM). This places Shin Zu Shing Co in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 27.78. Shin Zu Shing Co's value of 0.70 is 97.5% below this benchmark. Historically, Shin Zu Shing Co's own Owner Earnings per Share (TTM) has ranged from 6.11 to 653.76 over the past decade. While the company's 10-year median is 20.72 vs. the industry median of 27.78, Shin Zu Shing 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 an Industrial Products company?
The median Owner Earnings per Share (TTM) among Industrial Products companies is 27.78, based on 1,381 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. Shin Zu Shing Co's current Owner Earnings per Share (TTM) of 0.70 is 97.5% 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 Shin Zu Shing Co. For the Industrial Products industry, the median Owner Earnings per Share (TTM) is 27.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Zu Shing Co's current Owner Earnings per Share (TTM) is 0.70, which is 97% below median its own 10-year median of 20.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Zu Shing Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Zu Shing Co (TPE:3376) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$230.48, compared to a current price of NT$183.00 — trading 20.6% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.70, which is 97% below median its 10-year median of 20.72 and 97.5% below the Industrial Products industry median of 27.78. Shin Zu Shing Co's overall GF Score™ is 88/100 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 Shin Zu Shing Co (TPE:3376), the current Owner Earnings per Share (TTM) is 0.70 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 Shin Zu Shing Co (TPE:3376) Overvalued in 2026?
Based on GuruFocus' analysis, Shin Zu Shing Co stock appears to be undervalued.
The current stock price of NT$183.00 is trading 20.6% below its estimated GF Value™ of NT$230.48.
GuruFocus considers Shin Zu Shing Co to be Modestly Undervalued.
Key valuation signals for TPE:3376:
Owner Earnings per Share (TTM): 0.70 (97% below median its 10-year median of 20.72)
GF Value™: NT$230.48 vs. price of NT$183.00 (20.6% below fair value)
Industry Position: 97.5% below the Industrial Products median (#1305 of 1381)
No single metric tells the full story. See the TPE:3376 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Zu Shing Co Ltd is engaged in research and development, design, production, assembly, testing, manufacturing, and sales of various precision springs, stamping parts, hinge components, and metal injection molding (MIM) products. It develops hinge components used in notebook computers, LCD monitors, digital cameras, and other electronic product parts. Its segments are Hinge products, which generate maximum revenue and engage in the design, manufacture, testing, and sales of hinge products for various components, including NB, LCD, and 3C hinge products and other parts such as springs and stamping parts for different types of laptops or consumer electronic products, as well as Milling products and MIM products. Geographically, it generates maximum revenue from Asia.
88GF Score
Get the complete analysis for TPE:3376
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