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Treasury Wine EstatesTSRYY +3.02%61 Owner Earnings per Share (TTM) is 0.37 as of Jun. 2026, which is 99% below its 10-year median of 34.18. GuruFocus rates TSRYY with a GF Scoreâ„¢ of 61/100 and a GF Valueâ„¢ of $6.43 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 123 Beverages - Alcoholic companies, Treasury Wine Estates ranks better than 66.67% 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)."
Treasury Wine Estates's Owner Earnings per Share (TTM) ended in Jun. 2026 was $0.37. It's Price-to-Owner-Earnings ratio for today is 11.16.
The historical rank and industry rank for Treasury Wine Estates's Owner Earnings per Share (TTM) or its related term are showing as below:
TSRYY'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 6.65 Med: 34.18 Max: 111.64
Current: 11.18
TSRYY's Price-to-Owner-Earnings is ranked better than 66.67% of 123
companies
in the Beverages - Alcoholic industry
Industry Median: 15.56
vs TSRYY: 11.18
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.
Treasury Wine Estates Owner Earnings per Share (TTM) Related Terms
Treasury Wine Estates Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Treasury Wine Estates'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.
Treasury Wine Estates Owner Earnings per Share (TTM) Chart
TSRYY vs BF.B: Owner Earnings per Share (TTM) Comparison
For the Beverages - Wineries & Distilleries subindustry, Treasury Wine Estates'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.
Treasury Wine Estates Price-to-Owner-Earnings vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Treasury Wine Estates's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Treasury Wine Estates'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)."
3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income.
Treasury Wine Estates's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jun. 2026 was $0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $115 Mil
It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.
The following shows how to get maintenance capital expenditure.
First, calculate the revenue change regarding to the previous year. If the revenue decreased from the previous year, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous year, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.
Treasury Wine Estates's 5-Year Average Maintenance Capital Expenditure = $115 Mil
5. "Change In Working Capital" is from cashflow statement. Treasury Wine Estates's Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2026 was $0 Mil.
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 sometimes it includes non-current parts of assets and liabilities.
* 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.
What does a Owner Earnings per Share (TTM) of 0.37 mean?
Treasury Wine Estates (TSRYY) has a Owner Earnings per Share (TTM) of 0.37 as of Jun. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Treasury Wine Estates. This is 99% below median its historical median of 34.18. Over the past decade, Treasury Wine Estates' Owner Earnings per Share (TTM) has ranged from 6.65 to 111.64. According to the industry distribution chart, Treasury Wine Estates ranks #41 out of 123 companies in the Beverages - Alcoholic industry, placing it in the top 33.3%.
Is Treasury Wine Estates' Owner Earnings per Share (TTM) too high?
Treasury Wine Estates' current Owner Earnings per Share (TTM) of 0.37 is 99% below median its 10-year median of 34.18. Over the past 10 years, this metric has ranged from a low of 6.65 to a high of 111.64. The Beverages - Alcoholic industry median Owner Earnings per Share (TTM) is 15.56. Treasury Wine Estates' value of 0.37 is 97.6% below this industry median. Based on the distribution chart, Treasury Wine Estates ranks #41 out of 123 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Treasury Wine Estates has a GF Scoreâ„¢ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Treasury Wine Estates' Owner Earnings per Share (TTM) compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Treasury Wine Estates ranks #41 out of 123 companies for Owner Earnings per Share (TTM). This puts Treasury Wine Estates in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 15.56. Treasury Wine Estates' value of 0.37 is 97.6% below this benchmark. Historically, Treasury Wine Estates' own Owner Earnings per Share (TTM) has ranged from 6.65 to 111.64 over the past decade. While the company's 10-year median is 34.18 vs. the industry median of 15.56, Treasury Wine Estates has consistently been below the industry average. 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 Beverages - Alcoholic company?
The median Owner Earnings per Share (TTM) among Beverages - Alcoholic companies is 15.56, based on 123 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. Treasury Wine Estates's current Owner Earnings per Share (TTM) of 0.37 is 97.6% below 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 Treasury Wine Estates. For the Beverages - Alcoholic industry, the median Owner Earnings per Share (TTM) is 15.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Treasury Wine Estates's current Owner Earnings per Share (TTM) is 0.37, which is 99% below median its own 10-year median of 34.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Treasury Wine Estates stock overvalued right now?
Based on GuruFocus' analysis, Treasury Wine Estates (TSRYY) is currently considered Possible Value Trap. The stock's GF Value™ is $6.43, compared to a current price of $4.13 — trading 35.8% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.37, which is 99% below median its 10-year median of 34.18 and 97.6% below the Beverages - Alcoholic industry median of 15.56. Treasury Wine Estates' overall GF Score™ is 61/100 with 11 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 Treasury Wine Estates (TSRYY), the current Owner Earnings per Share (TTM) is 0.37 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 Treasury Wine Estates (TSRYY) Overvalued in 2026?
Based on GuruFocus' analysis, Treasury Wine Estates stock appears to be undervalued.
The current stock price of $4.13 is trading 35.8% below its estimated GF Value™ of $6.43.
GuruFocus considers Treasury Wine Estates to be Possible Value Trap.
Key valuation signals for TSRYY:
Owner Earnings per Share (TTM): 0.37 (99% below median its 10-year median of 34.18)
GF Value™: $6.43 vs. price of $4.13 (35.8% below fair value)
Industry Position: 97.6% below the Beverages - Alcoholic median (#41 of 123)
No single metric tells the full story. See the TSRYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Treasury Wine Estates is an Australia-based global wine company that demerged from Foster's Group in 2011. The company is among the world's top five wine producers, and owns a portfolio that includes Australian labels such as Penfolds and Wolf Blass, US wines like Chateau St Jean and Sterling, and newly launched names such as 19 Crimes and Maison de Grand Esprit. An acquisition of Diageo's wine business in 2016 added additional US brands including BV and Stags' Leap. Treasury owns over 130 wineries, with more than 13,000 planted hectares.
61GF Score
Get the complete analysis for TSRYY
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