Coel (TSE:522A) Owner Earnings per Share (TTM): (As of Sep. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:522A Coel Inc TSE:522A
18 GF Score
Price 円3,020.00
! 2 Warning Signs
View Full Analysis

What is Coel Owner Earnings per Share (TTM)?

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)."

Coel 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 Coel's Owner Earnings per Share (TTM) or its related term are showing as below:



TSE:522A's Price-to-Owner-Earnings is not ranked *
in the Software industry.
Industry Median: 18.24
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Coel's Earnings per Share (Diluted) for the six months ended in Mar. 2026 was 円100.46. Coel does not have enough years/quarters to calculate its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026.

Coel's EPS without NRI for the six months ended in Mar. 2026 was 円100.46. Coel does not have enough years/quarters to calculate its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026.


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.


Coel Owner Earnings per Share (TTM) Related Terms


Coel Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Coel'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.

Coel Owner Earnings per Share (TTM) Chart

Coel Annual Data
Trend Sep24 Sep25
Owner Earnings per Share (TTM)
0.00 0.00

Coel Semi-Annual Data
Sep24 Sep25 Mar26
Owner Earnings per Share (TTM) 0.00 0.00 0.00

TSE:522A vs MSFT, PLTR, ORCL: Owner Earnings per Share (TTM) Comparison

For the Software - Infrastructure subindustry, Coel'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.


Coel Price-to-Owner-Earnings vs Software Industry

For the Software industry and Technology sector, Coel's Price-to-Owner-Earnings distribution charts can be found below:

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


TSE:522A
18GF Score
Coel Inc TSE:522A
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coel 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)

Coel does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


Coel Business Description

Address 6-1 Ushijima-cho, Nishi-ku, Nagoya Lucent Tower 27th Floor, Aichi Prefecture, Nagoya, JPN, 451-6027
Coel Inc provides services and software solutions aimed at streamlining back-office operations, including accounting, human resources, workflow management, and data utilization. Its offerings include enterprise software products and cloud-based solutions such as workflow management, ERP systems (Magistrate Series), data integration tools, and custom cloud application development on platforms like Salesforce and kintone.
18GF Score

Get the complete analysis for TSE:522A

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

円3,020.00
Price