TTNDF (Techtronic Industries Co) Owner Earnings per Share (TTM): 0.69 (As of Dec. 2025) — 97% Below Median

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.

TTNDF Techtronic Industries Co Ltd TTNDF
92 GF Score
Price $18.35
GF Value $14.05
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Techtronic Industries Co Owner Earnings per Share (TTM)?

Techtronic Industries Co TTNDF 92 Owner Earnings per Share (TTM) is 0.69 as of Dec. 2025, which is 97% below its 10-year median of 27.24. GuruFocus rates TTNDF with a GF Score™ of 92/100 and a GF Value™ of $14.05 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,381 Industrial Products companies, Techtronic Industries Co ranks better than 52.06% on this metric.

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)."

Techtronic Industries Co's Owner Earnings per Share (TTM) ended in Dec. 2025 was $0.69. It's Price-to-Owner-Earnings ratio for today is 26.59.


The historical rank and industry rank for Techtronic Industries Co's Owner Earnings per Share (TTM) or its related term are showing as below:

TTNDF' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 10.9   Med: 27.24   Max: 69.03
Current: 26.55


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Techtronic Industries Co was 69.03. The lowest was 10.90. And the median was 27.24.


TTNDF's Price-to-Owner-Earnings is ranked better than
52.06% of 1381 companies
in the Industrial Products industry
Industry Median: 27.78 vs TTNDF: 26.55

Techtronic Industries Co's Earnings per Share (Diluted) for the six months ended in Jun. 2026 was $0.40. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.71. It's PE Ratio (TTM) ratio for today is 25.70.

Techtronic Industries Co's EPS without NRI for the six months ended in Jun. 2026 was $0.40. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was $0.71. It's PE Ratio without NRI ratio for today is 25.70.


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.


Techtronic Industries Co Owner Earnings per Share (TTM) Related Terms


Techtronic Industries Co Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Techtronic Industries 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.

Techtronic Industries Co Owner Earnings per Share (TTM) Chart

Techtronic Industries Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.30 0.35 0.75 0.93 0.69

Techtronic Industries Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Owner Earnings per Share (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.93 0.00 0.69 0.00

TTNDF vs SNA, RBC, SWK: Owner Earnings per Share (TTM) Comparison

For the Tools & Accessories subindustry, Techtronic Industries 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.


Techtronic Industries Co Price-to-Owner-Earnings vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Techtronic Industries Co's Price-to-Owner-Earnings distribution charts can be found below:

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


TTNDF
92GF Score
Techtronic Industries Co Ltd TTNDF
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Techtronic Industries Co 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)

Techtronic Industries Co's Owner Earnings per Share (TTM) Calculation:

Last Year Average of Last 5 Years
Net Income 1,198
Depreciation, Depletion and Amortization 869
Change In Deferred Tax 0
5Y Average of Maintenance Capital Expenditure 629
Change In Working Capital -168
Shares Outstanding (Diluted Average) 1,832

1. Start with "Net Income" from income statement. Techtronic Industries Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was $1,198 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Techtronic Industries Co's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Dec. 2025 was $869 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

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. Techtronic Industries Co's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was $0 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $629 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.

Techtronic Industries Co's 5-Year Average Maintenance Capital Expenditure = $629 Mil

5. "Change In Working Capital" is from cashflow statement. Techtronic Industries Co's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was $-168 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.

6. Techtronic Industries Co's Shares Outstanding (Diluted Average) for the months ended in Dec. 2025 was 1832.086 Mil.

Techtronic Industries Co's Onwer Earnings Per Share for Dec. 2025 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 1198.294 +869.406+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-628.766+-168.003)/1832.086
=0.69

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=18.35/0.69
=26.59

* 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 0.69 mean?
Techtronic Industries Co (TTNDF) has a Owner Earnings per Share (TTM) of 0.69 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Techtronic Industries Co. This is 97% below median its historical median of 27.24. Over the past decade, Techtronic Industries Co's Owner Earnings per Share (TTM) has ranged from 10.90 to 69.03. According to the industry distribution chart, Techtronic Industries Co ranks #662 out of 1381 companies in the Industrial Products industry, placing it in the top 47.9%.
Is Techtronic Industries Co's Owner Earnings per Share (TTM) too high?
Techtronic Industries Co's current Owner Earnings per Share (TTM) of 0.69 is 97% below median its 10-year median of 27.24. Over the past 10 years, this metric has ranged from a low of 10.90 to a high of 69.03. The Industrial Products industry median Owner Earnings per Share (TTM) is 27.78. Techtronic Industries Co's value of 0.69 is 97.5% below this industry median. Based on the distribution chart, Techtronic Industries Co ranks #662 out of 1381 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Techtronic Industries Co has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Techtronic Industries Co's Owner Earnings per Share (TTM) compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Techtronic Industries Co ranks #662 out of 1381 companies for Owner Earnings per Share (TTM). This puts Techtronic Industries Co in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 27.78. Techtronic Industries Co's value of 0.69 is 97.5% below this benchmark. Historically, Techtronic Industries Co's own Owner Earnings per Share (TTM) has ranged from 10.90 to 69.03 over the past decade. While the company's 10-year median is 27.24 vs. the industry median of 27.78, Techtronic Industries Co 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 an Industrial Products company?
The median Owner Earnings per Share (TTM) among Industrial Products companies is 27.78, based on 1,381 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. Techtronic Industries Co's current Owner Earnings per Share (TTM) of 0.69 is 97.5% 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 Techtronic Industries Co. For the Industrial Products industry, the median Owner Earnings per Share (TTM) is 27.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techtronic Industries Co's current Owner Earnings per Share (TTM) is 0.69, which is 97% below median its own 10-year median of 27.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techtronic Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Techtronic Industries Co (TTNDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.05, compared to a current price of $18.35 — trading 30.6% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.69, which is 97% below median its 10-year median of 27.24 and 97.5% below the Industrial Products industry median of 27.78. Techtronic Industries Co's overall GF Score™ is 92/100 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 Techtronic Industries Co (TTNDF), the current Owner Earnings per Share (TTM) is 0.69 as of Dec. 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 Techtronic Industries Co (TTNDF) Overvalued in 2026?

Based on GuruFocus' analysis, Techtronic Industries Co stock appears to be overvalued. The current stock price of $18.35 is trading 30.6% above its estimated GF Value™ of $14.05. GuruFocus considers Techtronic Industries Co to be Modestly Overvalued.

Key valuation signals for TTNDF:

  • Owner Earnings per Share (TTM): 0.69 (97% below median its 10-year median of 27.24)
  • GF Value™: $14.05 vs. price of $18.35 (30.6% above fair value)
  • GF Score™: 92/100 with 5 warning signs
  • Industry Position: 97.5% below the Industrial Products median (#662 of 1381)

No single metric tells the full story. See the TTNDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Techtronic Industries Co Business Description

Address 51 Kwai Cheong Road, 29th Floor, Tower 2, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG
Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments, namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional, and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI, and HOMELITE brands, plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America.
92GF Score

Get the complete analysis for TTNDF

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

$18.35
Price
$14.05
GF Value