Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
CrowdWorksTSE:3900 -1.03%61 Owner Earnings per Share (TTM) is 24.97 as of Sep. 2025. GuruFocus rates TSE:3900 with a GF Score™ of 61/100 and a GF Value™ of 円1,318.34 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 553 Business Services companies, CrowdWorks ranks worse than 79.93% 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)."
CrowdWorks 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 CrowdWorks's Owner Earnings per Share (TTM) or its related term are showing as below:
TSE:3900'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 15.94 Med: 23.53 Max: 128.93
Current: 26
During the past 13 years, the highestPrice-to-Owner-Earnings ratio of CrowdWorks was 128.93. The lowest was 15.94. And the median was 23.53.
TSE:3900's Price-to-Owner-Earnings is ranked worse than 79.93% of 553
companies
in the Business Services industry
Industry Median: 12.01
vs TSE:3900: 26.00
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.
CrowdWorks Owner Earnings per Share (TTM) Related Terms
CrowdWorks Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for CrowdWorks'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:3900 vs RHI, KFY, TNET: Owner Earnings per Share (TTM) Comparison
For the Staffing & Employment Services subindustry, CrowdWorks'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.
CrowdWorks Price-to-Owner-Earnings vs Business Services Industry
For the Business Services industry and Industrials sector, CrowdWorks's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where CrowdWorks'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 24.97 mean?
CrowdWorks (TSE:3900) has a Owner Earnings per Share (TTM) of 24.97 as of Sep. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on CrowdWorks. According to the industry distribution chart, CrowdWorks ranks #442 out of 553 companies in the Business Services industry, placing it in the top 79.9%.
Is CrowdWorks' Owner Earnings per Share (TTM) too high?
CrowdWorks' current Owner Earnings per Share (TTM) is 24.97. The Business Services industry median Owner Earnings per Share (TTM) is 12.01. CrowdWorks' value of 24.97 is 107.9% above this industry median. Based on the distribution chart, CrowdWorks ranks #442 out of 553 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, CrowdWorks has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CrowdWorks' Owner Earnings per Share (TTM) compare to RHI and KFY?
According to the Business Services industry distribution chart, CrowdWorks ranks #442 out of 553 companies for Owner Earnings per Share (TTM). This places CrowdWorks in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 12.01. CrowdWorks' value of 24.97 is 107.9% 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 Business Services company?
The median Owner Earnings per Share (TTM) among Business Services companies is 12.01, based on 553 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. CrowdWorks's current Owner Earnings per Share (TTM) of 24.97 is 107.9% 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 CrowdWorks. For the Business Services industry, the median Owner Earnings per Share (TTM) is 12.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CrowdWorks's current Owner Earnings per Share (TTM) is 24.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CrowdWorks stock overvalued right now?
Based on GuruFocus' analysis, CrowdWorks (TSE:3900) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,318.34, compared to a current price of 円671.00 — trading 49.1% below its estimated fair value. The current Owner Earnings per Share (TTM) is 24.97 and 107.9% above the Business Services industry median of 12.01. CrowdWorks' overall GF Score™ is 61/100 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 CrowdWorks (TSE:3900), the current Owner Earnings per Share (TTM) is 24.97 as of Sep. 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 CrowdWorks (TSE:3900) Overvalued in 2026?
Based on GuruFocus' analysis, CrowdWorks stock appears to be undervalued.
The current stock price of 円671.00 is trading 49.1% below its estimated GF Value™ of 円1,318.34.
GuruFocus considers CrowdWorks to be Possible Value Trap.
Key valuation signals for TSE:3900:
Owner Earnings per Share (TTM): 24.97
GF Value™: 円1,318.34 vs. price of 円671.00 (49.1% below fair value)
Industry Position: 107.9% above the Business Services median (#442 of 553)
No single metric tells the full story. See the TSE:3900 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CrowdWorks Inc. operates an online crowdsourcing platform in Japan that connects businesses with freelance professionals and individual workers. Its core CrowdWorks service matches companies with freelancers across categories such as design, writing, programming, translation, and marketing, generating revenue primarily through fees charged on transactions and project commissions. The company also operates Workshift, a platform for short-term and shift-based work, and provides business-to-business software-as-a-service products, including cloud-based tools for managing crowdsourced and external workforces, such as CrowdWorks Agent and cloud sourcing solutions. Its customers are mainly Japanese companies of varying sizes, from small businesses to large enterprises, along with government and public-sector organizations seeking flexible labor. Revenue comes from matching fees, subscription and usage fees for SaaS offerings, and related recruitment and outsourcing services. The company focuses on the Japanese market.
61GF Score
Get the complete analysis for TSE:3900
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3900 has been successfully added to your 
