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Forval RealStraight (TSE:9423) Owner Earnings per Share (TTM) : 0.00 (As of Sep. 2024)


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What is Forval RealStraight 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)."

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


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Forval RealStraight was 67.18. The lowest was 25.13. And the median was 38.19.


TSE:9423's Price-to-Owner-Earnings is not ranked *
in the Real Estate industry.
Industry Median: 10.62
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Forval RealStraight's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was 円0.00. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was 円5.38. It's PE Ratio (TTM) ratio for today is 18.59.

Forval RealStraight's EPS without NRI for the three months ended in Sep. 2024 was 円0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2024 was 円5.08. It's PE Ratio without NRI ratio for today is 19.69.


Forval RealStraight Owner Earnings per Share (TTM) Historical Data

The historical data trend for Forval RealStraight'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.

* Premium members only.

Forval RealStraight Owner Earnings per Share (TTM) Chart

Forval RealStraight Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Owner Earnings per Share (TTM)
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Forval RealStraight Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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Competitive Comparison of Forval RealStraight's Owner Earnings per Share (TTM)

For the Real Estate Services subindustry, Forval RealStraight'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.


Forval RealStraight's Price-to-Owner-Earnings Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Forval RealStraight's Price-to-Owner-Earnings distribution charts can be found below:

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



Forval RealStraight 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)

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


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.


Forval RealStraight Owner Earnings per Share (TTM) Related Terms

Thank you for viewing the detailed overview of Forval RealStraight's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.


Forval RealStraight Business Description

Traded in Other Exchanges
N/A
Address
3 - 23-2 Kanda Bldg 4F, Chiyoda-ku, Tokyo, JPN, 101-0051
Forval RealStraight Inc is a real estate service provider. The business of the company includes real estate brokerage, office relocation support service, and sales of OA communication equipment.

Forval RealStraight Headlines

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