K&O Energy GroupTSE:1663 +3.41%72 Owner Earnings per Share (TTM) is 135.78 as of Dec. 2025, which is 887% above its 10-year median of 13.75. GuruFocus rates TSE:1663 with a GF Score™ of 72/100 and a GF Value™ of 円2,978.72 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 244 Utilities - Regulated companies, K&O Energy Group ranks better than 52.87% 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)."
K&O Energy Group's Owner Earnings per Share (TTM) ended in Dec. 2025 was 円135.78. It's Price-to-Owner-Earnings ratio for today is 14.53.
The historical rank and industry rank for K&O Energy Group's Owner Earnings per Share (TTM) or its related term are showing as below:
TSE:1663'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 7.8 Med: 13.75 Max: 24.54
Current: 14.53
TSE:1663's Price-to-Owner-Earnings is ranked better than 52.87% of 244
companies
in the Utilities - Regulated industry
Industry Median: 15.725
vs TSE:1663: 14.53
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.
K&O Energy Group Owner Earnings per Share (TTM) Related Terms
K&O Energy Group Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for K&O Energy 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.
K&O Energy Group Owner Earnings per Share (TTM) Chart
TSE:1663 vs ATO, NI: Owner Earnings per Share (TTM) Comparison
For the Utilities - Regulated Gas subindustry, K&O Energy 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.
K&O Energy Group Price-to-Owner-Earnings vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, K&O Energy Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where K&O Energy 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)."
1. Start with "Net Income" from income statement. K&O Energy Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円8,379 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.
K&O Energy Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was 円0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = 円5,591 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.
K&O Energy Group's 5-Year Average Maintenance Capital Expenditure = 円5,591 Mil
5. "Change In Working Capital" is from cashflow statement. K&O Energy Group's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was 円-1,808 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 135.78 mean?
K&O Energy Group (TSE:1663) has a Owner Earnings per Share (TTM) of 135.78 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on K&O Energy Group. This is 887% above median its historical median of 13.75. Over the past decade, K&O Energy Group's Owner Earnings per Share (TTM) has ranged from 7.80 to 24.54. According to the industry distribution chart, K&O Energy Group ranks #115 out of 244 companies in the Utilities - Regulated industry, placing it in the top 47.1%.
Is K&O Energy Group's Owner Earnings per Share (TTM) too high?
K&O Energy Group's current Owner Earnings per Share (TTM) of 135.78 is 887% above median its 10-year median of 13.75. Over the past 10 years, this metric has ranged from a low of 7.80 to a high of 24.54. The Utilities - Regulated industry median Owner Earnings per Share (TTM) is 15.73. K&O Energy Group's value of 135.78 is 763.5% above this industry median. Based on the distribution chart, K&O Energy Group ranks #115 out of 244 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, K&O Energy Group has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does K&O Energy Group's Owner Earnings per Share (TTM) compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, K&O Energy Group ranks #115 out of 244 companies for Owner Earnings per Share (TTM). This puts K&O Energy Group in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 15.73. K&O Energy Group's value of 135.78 is 763.5% above this benchmark. Historically, K&O Energy Group's own Owner Earnings per Share (TTM) has ranged from 7.80 to 24.54 over the past decade. While the company's 10-year median is 13.75 vs. the industry median of 15.73, K&O Energy Group has consistently been above 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 Utilities - Regulated company?
The median Owner Earnings per Share (TTM) among Utilities - Regulated companies is 15.73, based on 244 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. K&O Energy Group's current Owner Earnings per Share (TTM) of 135.78 is 763.5% above 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 K&O Energy Group. For the Utilities - Regulated industry, the median Owner Earnings per Share (TTM) is 15.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K&O Energy Group's current Owner Earnings per Share (TTM) is 135.78, which is 887% above median its own 10-year median of 13.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K&O Energy Group stock overvalued right now?
Based on GuruFocus' analysis, K&O Energy Group (TSE:1663) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,978.72, compared to a current price of 円1,972.50 — trading 33.8% below its estimated fair value. The current Owner Earnings per Share (TTM) is 135.78, which is 887% above median its 10-year median of 13.75 and 763.5% above the Utilities - Regulated industry median of 15.73. K&O Energy Group's overall GF Score™ is 72/100 with 1 warning sign 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 K&O Energy Group (TSE:1663), the current Owner Earnings per Share (TTM) is 135.78 as of Dec. 2025. 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 K&O Energy Group (TSE:1663) Overvalued in 2026?
Based on GuruFocus' analysis, K&O Energy Group stock appears to be undervalued.
The current stock price of 円1,972.50 is trading 33.8% below its estimated GF Value™ of 円2,978.72.
GuruFocus considers K&O Energy Group to be Significantly Undervalued.
Key valuation signals for TSE:1663:
Owner Earnings per Share (TTM): 135.78 (887% above median its 10-year median of 13.75)
GF Value™: 円2,978.72 vs. price of 円1,972.50 (33.8% below fair value)
Industry Position: 763.5% above the Utilities - Regulated median (#115 of 244)
No single metric tells the full story. See the TSE:1663 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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