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Nikko CoTSE:6306 -0.79%88 Owner Earnings per Share (TTM) is 34.58 as of Jun. 2026. GuruFocus rates TSE:6306 with a GF Score™ of 88/100 and a GF Value™ of 円902.15 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 117 Farm & Heavy Construction Machinery companies, Nikko Co ranks worse than 73.5% 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)."
Nikko Co 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 Nikko Co's Owner Earnings per Share (TTM) or its related term are showing as below:
TSE:6306'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4.15 Med: 15.57 Max: 94.86
Current: 28.42
During the past 13 years, the highestPrice-to-Owner-Earnings ratio of Nikko Co was 94.86. The lowest was 4.15. And the median was 15.57.
TSE:6306's Price-to-Owner-Earnings is ranked worse than 73.5% of 117
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 15.13
vs TSE:6306: 28.42
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.
Nikko Co Owner Earnings per Share (TTM) Related Terms
Nikko Co Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Nikko Co'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:6306 vs CAT, DE, PCAR: Owner Earnings per Share (TTM) Comparison
For the Farm & Heavy Construction Machinery subindustry, Nikko Co'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.
Nikko Co Price-to-Owner-Earnings vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikko Co's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Nikko Co'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 34.58 mean?
Nikko Co (TSE:6306) has a Owner Earnings per Share (TTM) of 34.58 as of Jun. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Nikko Co. According to the industry distribution chart, Nikko Co ranks #86 out of 117 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 73.5%.
Is Nikko Co's Owner Earnings per Share (TTM) too high?
Nikko Co's current Owner Earnings per Share (TTM) is 34.58. The Farm & Heavy Construction Machinery industry median Owner Earnings per Share (TTM) is 15.13. Nikko Co's value of 34.58 is 128.6% above this industry median. Based on the distribution chart, Nikko Co ranks #86 out of 117 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Nikko Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nikko Co's Owner Earnings per Share (TTM) compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Nikko Co ranks #86 out of 117 companies for Owner Earnings per Share (TTM). This places Nikko Co in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 15.13. Nikko Co's value of 34.58 is 128.6% 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 Farm & Heavy Construction Machinery company?
The median Owner Earnings per Share (TTM) among Farm & Heavy Construction Machinery companies is 15.13, based on 117 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. Nikko Co's current Owner Earnings per Share (TTM) of 34.58 is 128.6% 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 Nikko Co. For the Farm & Heavy Construction Machinery industry, the median Owner Earnings per Share (TTM) is 15.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikko Co's current Owner Earnings per Share (TTM) is 34.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikko Co stock overvalued right now?
Based on GuruFocus' analysis, Nikko Co (TSE:6306) is currently considered Modestly Overvalued. The stock's GF Value™ is 円902.15, compared to a current price of 円1,005.00 — trading 11.4% above its estimated fair value. The current Owner Earnings per Share (TTM) is 34.58 and 128.6% above the Farm & Heavy Construction Machinery industry median of 15.13. Nikko Co's overall GF Score™ is 88/100 with 7 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 Nikko Co (TSE:6306), the current Owner Earnings per Share (TTM) is 34.58 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 Nikko Co (TSE:6306) Overvalued in 2026?
Based on GuruFocus' analysis, Nikko Co stock appears to be overvalued.
The current stock price of 円1,005.00 is trading 11.4% above its estimated GF Value™ of 円902.15.
GuruFocus considers Nikko Co to be Modestly Overvalued.
Key valuation signals for TSE:6306:
Owner Earnings per Share (TTM): 34.58
GF Value™: 円902.15 vs. price of 円1,005.00 (11.4% above fair value)
Industry Position: 128.6% above the Farm & Heavy Construction Machinery median (#86 of 117)
No single metric tells the full story. See the TSE:6306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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