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CPH Group AGXSWX:CPHN -0.68%60 Owner Earnings per Share (TTM) is 1.51 as of Dec. 2025, which is 84% below its 10-year median of 9.23. GuruFocus rates XSWX:CPHN with a GF Score™ of 60/100 and a GF Value™ of CHF48.63 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 106 Forest Products companies, CPH Group AG ranks worse than 82.08% 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)."
CPH Group AG's Owner Earnings per Share (TTM) ended in Dec. 2025 was CHF1.51. It's Price-to-Owner-Earnings ratio for today is 38.41.
The historical rank and industry rank for CPH Group AG's Owner Earnings per Share (TTM) or its related term are showing as below:
XSWX:CPHN'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 3.98 Med: 9.23 Max: 106.32
Current: 38.75
During the past 13 years, the highestPrice-to-Owner-Earnings ratio of CPH Group AG was 106.32. The lowest was 3.98. And the median was 9.23.
XSWX:CPHN's Price-to-Owner-Earnings is ranked worse than 82.08% of 106
companies
in the Forest Products industry
Industry Median: 13.855
vs XSWX:CPHN: 38.75
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.
CPH Group AG Owner Earnings per Share (TTM) Related Terms
CPH Group AG Owner Earnings per Share (TTM) Historical Data
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The historical data trend for CPH Group AG'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.
XSWX:CPHN vs SLVM: Owner Earnings per Share (TTM) Comparison
For the Paper & Paper Products subindustry, CPH Group AG'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.
CPH Group AG Price-to-Owner-Earnings vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, CPH Group AG's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where CPH Group AG'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.
CPH Group AG's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was CHF0.0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = CHF23.4 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.
CPH Group AG's 5-Year Average Maintenance Capital Expenditure = CHF23.4 Mil
5. "Change In Working Capital" is from cashflow statement. CPH Group AG's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was CHF-8.4 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 1.51 mean?
CPH Group AG (XSWX:CPHN) has a Owner Earnings per Share (TTM) of 1.51 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on CPH Group AG. This is 84% below median its historical median of 9.23. Over the past decade, CPH Group AG's Owner Earnings per Share (TTM) has ranged from 3.98 to 106.32. According to the industry distribution chart, CPH Group AG ranks #87 out of 106 companies in the Forest Products industry, placing it in the top 82.1%.
Is CPH Group AG's Owner Earnings per Share (TTM) too high?
CPH Group AG's current Owner Earnings per Share (TTM) of 1.51 is 84% below median its 10-year median of 9.23. Over the past 10 years, this metric has ranged from a low of 3.98 to a high of 106.32. The Forest Products industry median Owner Earnings per Share (TTM) is 13.86. CPH Group AG's value of 1.51 is 89.1% below this industry median. Based on the distribution chart, CPH Group AG ranks #87 out of 106 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, CPH Group AG has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CPH Group AG's Owner Earnings per Share (TTM) compare to SLVM?
According to the Forest Products industry distribution chart, CPH Group AG ranks #87 out of 106 companies for Owner Earnings per Share (TTM). This places CPH Group AG in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 13.86. CPH Group AG's value of 1.51 is 89.1% below this benchmark. Historically, CPH Group AG's own Owner Earnings per Share (TTM) has ranged from 3.98 to 106.32 over the past decade. While the company's 10-year median is 9.23 vs. the industry median of 13.86, CPH Group AG 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 Forest Products company?
The median Owner Earnings per Share (TTM) among Forest Products companies is 13.86, based on 106 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. CPH Group AG's current Owner Earnings per Share (TTM) of 1.51 is 89.1% 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 CPH Group AG. For the Forest Products industry, the median Owner Earnings per Share (TTM) is 13.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CPH Group AG's current Owner Earnings per Share (TTM) is 1.51, which is 84% below median its own 10-year median of 9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPH Group AG stock overvalued right now?
Based on GuruFocus' analysis, CPH Group AG (XSWX:CPHN) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF48.63, compared to a current price of CHF58.00 — trading 19.3% above its estimated fair value. The current Owner Earnings per Share (TTM) is 1.51, which is 84% below median its 10-year median of 9.23 and 89.1% below the Forest Products industry median of 13.86. CPH Group AG's overall GF Score™ is 60/100 with 2 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 CPH Group AG (XSWX:CPHN), the current Owner Earnings per Share (TTM) is 1.51 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 CPH Group AG (XSWX:CPHN) Overvalued in 2026?
Based on GuruFocus' analysis, CPH Group AG stock appears to be overvalued.
The current stock price of CHF58.00 is trading 19.3% above its estimated GF Value™ of CHF48.63.
GuruFocus considers CPH Group AG to be Modestly Overvalued.
Key valuation signals for XSWX:CPHN:
Owner Earnings per Share (TTM): 1.51 (84% below median its 10-year median of 9.23)
GF Value™: CHF48.63 vs. price of CHF58.00 (19.3% above fair value)
Industry Position: 89.1% below the Forest Products median (#87 of 106)
No single metric tells the full story. See the XSWX:CPHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CPH Group AG manufactures chemicals, paper, and pharmaceutical packaging films. The business activity of the group is broken down into two divisions, namely Zeochem (chemistry) and Perlen Packaging (packaging). The Zeochem develops, manufactures and supplies a wide range of first-class products in growth markets. These include high-quality molecular sieves for purifying natural gas and ethanol as well as lithium-based oxygen concentration for industrial and medical purposes. Perlen Packaging is the supplier of packaging materials that focuses exclusively on the pharmaceutical industry offering a comprehensive range of pharmaceutical packaging, e.g. films with optimal barrier effect and complementary primary packaging for medications such as vials and containers.
60GF Score
Get the complete analysis for XSWX:CPHN
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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