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GLC GroupTSE:2970 +1.36%89 Owner Earnings per Share (TTM) is 103.76 as of Dec. 2025. GuruFocus rates TSE:2970 with a GF Score™ of 89/100 and a GF Value™ of 円1,262.15 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 776 Real Estate companies, GLC Group ranks worse than 54.12% 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)."
GLC Group 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 GLC Group's Owner Earnings per Share (TTM) or its related term are showing as below:
TSE:2970'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 7.73 Med: 9.8 Max: 11.85
Current: 10.43
During the past 10 years, the highestPrice-to-Owner-Earnings ratio of GLC Group was 11.85. The lowest was 7.73. And the median was 9.80.
TSE:2970's Price-to-Owner-Earnings is ranked worse than 54.12% of 776
companies
in the Real Estate industry
Industry Median: 9.315
vs TSE:2970: 10.43
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 FactSet. 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.
GLC Group Owner Earnings per Share (TTM) Related Terms
GLC Group Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for GLC 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.
TSE:2970 vs CBRE, BEKE, JLL: Owner Earnings per Share (TTM) Comparison
For the Real Estate Services subindustry, GLC 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.
GLC Group Price-to-Owner-Earnings vs Real Estate Industry
For the Real Estate industry and Real Estate sector, GLC Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where GLC 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)."
What does a Owner Earnings per Share (TTM) of 103.76 mean?
GLC Group (TSE:2970) has a Owner Earnings per Share (TTM) of 103.76 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on GLC Group. According to the industry distribution chart, GLC Group ranks #420 out of 776 companies in the Real Estate industry, placing it in the top 54.1%.
Is GLC Group's Owner Earnings per Share (TTM) too high?
GLC Group's current Owner Earnings per Share (TTM) is 103.76. The Real Estate industry median Owner Earnings per Share (TTM) is 9.32. GLC Group's value of 103.76 is 1013.9% above this industry median. Based on the distribution chart, GLC Group ranks #420 out of 776 companies in the Real Estate industry, which is below the industry midpoint. Overall, GLC Group has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GLC Group's Owner Earnings per Share (TTM) compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, GLC Group ranks #420 out of 776 companies for Owner Earnings per Share (TTM). This places GLC Group in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 9.32. GLC Group's value of 103.76 is 1013.9% above this benchmark. 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 Real Estate company?
The median Owner Earnings per Share (TTM) among Real Estate companies is 9.32, based on 776 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. GLC Group's current Owner Earnings per Share (TTM) of 103.76 is 1013.9% 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 GLC Group. For the Real Estate industry, the median Owner Earnings per Share (TTM) is 9.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GLC Group's current Owner Earnings per Share (TTM) is 103.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GLC Group stock overvalued right now?
Based on GuruFocus' analysis, GLC Group (TSE:2970) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,262.15, compared to a current price of 円1,115.00 — trading 11.7% below its estimated fair value. The current Owner Earnings per Share (TTM) is 103.76 and 1013.9% above the Real Estate industry median of 9.32. GLC Group's overall GF Score™ is 89/100 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 GLC Group (TSE:2970), the current Owner Earnings per Share (TTM) is 103.76 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 GLC Group (TSE:2970) Overvalued in 2026?
Based on GuruFocus' analysis, GLC Group stock appears to be undervalued.
The current stock price of 円1,115.00 is trading 11.7% below its estimated GF Value™ of 円1,262.15.
GuruFocus considers GLC Group to be Modestly Undervalued.
Key valuation signals for TSE:2970:
Owner Earnings per Share (TTM): 103.76
GF Value™: 円1,262.15 vs. price of 円1,115.00 (11.7% below fair value)
Industry Position: 1013.9% above the Real Estate median (#420 of 776)
No single metric tells the full story. See the TSE:2970 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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