Drewloong Precision (TPE:4572) Owner Earnings per Share (TTM): 2.84 (As of Jun. 2026) — 92% Below Median

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TPE:4572 Drewloong Precision Inc TPE:4572
97 GF Score
Price NT$140.50
GF Value NT$148.82
Valuation Fairly Valued
! 2 Warning Signs
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What is Drewloong Precision Owner Earnings per Share (TTM)?

Drewloong Precision TPE:4572 +0.36% 97 Owner Earnings per Share (TTM) is 2.84 as of Jun. 2026, which is 92% below its 10-year median of 35.83. GuruFocus rates TPE:4572 with a GF Score™ of 97/100 and a GF Value™ of NT$148.82 (Fairly Valued). The stock has 2 warning signs investors should review. Among 158 Aerospace & Defense companies, Drewloong Precision ranks worse than 65.82% 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)."

Drewloong Precision's Owner Earnings per Share (TTM) ended in Jun. 2026 was NT$2.84. It's Price-to-Owner-Earnings ratio for today is 49.47.


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

TPE:4572' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 20.02   Med: 35.83   Max: 94.42
Current: 49.45


During the past 12 years, the highest Price-to-Owner-Earnings ratio of Drewloong Precision was 94.42. The lowest was 20.02. And the median was 35.83.


TPE:4572's Price-to-Owner-Earnings is ranked worse than
65.82% of 158 companies
in the Aerospace & Defense industry
Industry Median: 33.895 vs TPE:4572: 49.45

Drewloong Precision's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was NT$0.92. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$3.61. It's PE Ratio (TTM) ratio for today is 38.92.

Drewloong Precision's EPS without NRI for the three months ended in Jun. 2026 was NT$0.91. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was NT$3.61. It's PE Ratio without NRI ratio for today is 38.89.


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.


Drewloong Precision Owner Earnings per Share (TTM) Related Terms


Drewloong Precision Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Drewloong Precision'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.

Drewloong Precision Owner Earnings per Share (TTM) Chart

Drewloong Precision 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 1.33 3.86 7.09 4.53 3.51

Drewloong Precision 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 3.60 5.64 3.51 2.66 2.84

TPE:4572 vs SPCX, GE, RTX: Owner Earnings per Share (TTM) Comparison

For the Aerospace & Defense subindustry, Drewloong Precision'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.


Drewloong Precision Price-to-Owner-Earnings vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Drewloong Precision's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Drewloong Precision's Price-to-Owner-Earnings falls into.


TPE:4572
97GF Score
Drewloong Precision Inc TPE:4572
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Drewloong Precision 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)

Drewloong Precision's Owner Earnings per Share (TTM) Calculation:

TTM / Last Quarter Average of Last 20 Quarters
Net Income 147.2
Depreciation, Depletion and Amortization 62.2
Change In Deferred Tax 0.0
5Y Average of Maintenance Capital Expenditure 132.4
Change In Working Capital 38.8
Shares Outstanding (Diluted Average) 40.7

1. Start with "Net Income" from income statement. Drewloong Precision's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$147.2 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Drewloong Precision's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Jun. 2026 was NT$62.2 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. Drewloong Precision's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jun. 2026 was NT$0.0 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = NT$132.4 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.

Drewloong Precision's 5-Year Average Maintenance Capital Expenditure = NT$132.4 Mil

5. "Change In Working Capital" is from cashflow statement. Drewloong Precision's Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2026 was NT$38.8 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. Drewloong Precision's Shares Outstanding (Diluted Average) for the months ended in Jun. 2026 was 40.734 Mil.

Drewloong Precision'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
=( 147.168 +62.174+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-132.44201781031+38.841)/40.734
=2.84

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=140.50/2.84
=49.47

* 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 2.84 mean?
Drewloong Precision (TPE:4572) has a Owner Earnings per Share (TTM) of 2.84 as of Jun. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Drewloong Precision. This is 92% below median its historical median of 35.83. Over the past decade, Drewloong Precision's Owner Earnings per Share (TTM) has ranged from 20.02 to 94.42. According to the industry distribution chart, Drewloong Precision ranks #104 out of 158 companies in the Aerospace & Defense industry, placing it in the top 65.8%.
Is Drewloong Precision's Owner Earnings per Share (TTM) too high?
Drewloong Precision's current Owner Earnings per Share (TTM) of 2.84 is 92% below median its 10-year median of 35.83. Over the past 10 years, this metric has ranged from a low of 20.02 to a high of 94.42. The Aerospace & Defense industry median Owner Earnings per Share (TTM) is 33.90. Drewloong Precision's value of 2.84 is 91.6% below this industry median. Based on the distribution chart, Drewloong Precision ranks #104 out of 158 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Drewloong Precision has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Drewloong Precision's Owner Earnings per Share (TTM) compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Drewloong Precision ranks #104 out of 158 companies for Owner Earnings per Share (TTM). This places Drewloong Precision in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 33.90. Drewloong Precision's value of 2.84 is 91.6% below this benchmark. Historically, Drewloong Precision's own Owner Earnings per Share (TTM) has ranged from 20.02 to 94.42 over the past decade. While the company's 10-year median is 35.83 vs. the industry median of 33.90, Drewloong Precision 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 Aerospace & Defense company?
The median Owner Earnings per Share (TTM) among Aerospace & Defense companies is 33.90, based on 158 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. Drewloong Precision's current Owner Earnings per Share (TTM) of 2.84 is 91.6% 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 Drewloong Precision. For the Aerospace & Defense industry, the median Owner Earnings per Share (TTM) is 33.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Drewloong Precision's current Owner Earnings per Share (TTM) is 2.84, which is 92% below median its own 10-year median of 35.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Drewloong Precision stock overvalued right now?
Based on GuruFocus' analysis, Drewloong Precision (TPE:4572) is currently considered Fairly Valued. The stock's GF Value™ is NT$148.82, compared to a current price of NT$140.50 — trading 5.6% below its estimated fair value. The current Owner Earnings per Share (TTM) is 2.84, which is 92% below median its 10-year median of 35.83 and 91.6% below the Aerospace & Defense industry median of 33.90. Drewloong Precision's overall GF Score™ is 97/100 with 2 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 Drewloong Precision (TPE:4572), the current Owner Earnings per Share (TTM) is 2.84 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 Drewloong Precision (TPE:4572) Overvalued in 2026?

Based on GuruFocus' analysis, Drewloong Precision stock appears to be undervalued. The current stock price of NT$140.50 is trading 5.6% below its estimated GF Value™ of NT$148.82. GuruFocus considers Drewloong Precision to be Fairly Valued.

Key valuation signals for TPE:4572:

  • Owner Earnings per Share (TTM): 2.84 (92% below median its 10-year median of 35.83)
  • GF Value™: NT$148.82 vs. price of NT$140.50 (5.6% below fair value)
  • GF Score™: 97/100 with 2 warning signs
  • Industry Position: 91.6% below the Aerospace & Defense median (#104 of 158)

No single metric tells the full story. See the TPE:4572 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Drewloong Precision Business Description

Address Bade 2nd Road, No. 166, Renwu District, Kaohsiung, TWN, 814
Drewloong Precision Inc is a Taiwan-based company, along with its subsidiary, it is engaged in the manufacturing, processing, and trading of aerospace parts and special tools. The main business is the research, development, production, and sales of large aircraft fuselage structural components, large aircraft engine structural components, and special molds and fixtures. Its customers include aircraft manufacturers around the world. The Geographical areas are: Taiwan, the U.S, FR, and Others. It generates the majority of its revenue from the U.S.
97GF Score

Get the complete analysis for TPE:4572

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

NT$140.50
Price
NT$148.82
GF Value