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.
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.
Robinhood MarketsXSWX:HOOD 53 Owner Earnings per Share (TTM) is 2.03 as of Mar. 2026, which is 95% below its 10-year median of 38.42. GuruFocus rates XSWX:HOOD with a GF Score™ of 53/100 and a GF Value™ of CHF49.42 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 341 Capital Markets companies, Robinhood Markets ranks worse than 86.22% 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)."
Robinhood Markets's Owner Earnings per Share (TTM) ended in Mar. 2026 was CHF2.03. It's Price-to-Owner-Earnings ratio for today is 44.02.
The historical rank and industry rank for Robinhood Markets's Owner Earnings per Share (TTM) or its related term are showing as below:
XSWX:HOOD'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 11.84 Med: 38.42 Max: 125.57
Current: 43.99
XSWX:HOOD's Price-to-Owner-Earnings is ranked worse than 86.22% of 341
companies
in the Capital Markets industry
Industry Median: 14.72
vs XSWX:HOOD: 43.99
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.
Robinhood Markets Owner Earnings per Share (TTM) Related Terms
Robinhood Markets Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Robinhood Markets'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.
Robinhood Markets Owner Earnings per Share (TTM) Chart
XSWX:HOOD vs IBKR, LPLA, SCHW: Owner Earnings per Share (TTM) Comparison
For the Capital Markets subindustry, Robinhood Markets'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.
Robinhood Markets Price-to-Owner-Earnings vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Robinhood Markets's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Robinhood Markets'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)."
1. Start with "Net Income" from income statement. Robinhood Markets's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF1,514 Mil.
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.
Robinhood Markets's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was CHF27 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = CHF40 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 quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, 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.
Robinhood Markets's 5-Year Average Maintenance Capital Expenditure = CHF40 Mil
5. "Change In Working Capital" is from cashflow statement. Robinhood Markets's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was CHF343 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 2.03 mean?
Robinhood Markets (XSWX:HOOD) has a Owner Earnings per Share (TTM) of 2.03 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Robinhood Markets. This is 95% below median its historical median of 38.42. Over the past decade, Robinhood Markets' Owner Earnings per Share (TTM) has ranged from 11.84 to 125.57. According to the industry distribution chart, Robinhood Markets ranks #294 out of 341 companies in the Capital Markets industry, placing it in the top 86.2%.
Is Robinhood Markets' Owner Earnings per Share (TTM) too high?
Robinhood Markets' current Owner Earnings per Share (TTM) of 2.03 is 95% below median its 10-year median of 38.42. Over the past 10 years, this metric has ranged from a low of 11.84 to a high of 125.57. The Capital Markets industry median Owner Earnings per Share (TTM) is 14.72. Robinhood Markets' value of 2.03 is 86.2% below this industry median. Based on the distribution chart, Robinhood Markets ranks #294 out of 341 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Robinhood Markets has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Robinhood Markets' Owner Earnings per Share (TTM) compare to IBKR and LPLA?
According to the Capital Markets industry distribution chart, Robinhood Markets ranks #294 out of 341 companies for Owner Earnings per Share (TTM). This places Robinhood Markets in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.72. Robinhood Markets' value of 2.03 is 86.2% below this benchmark. Historically, Robinhood Markets' own Owner Earnings per Share (TTM) has ranged from 11.84 to 125.57 over the past decade. While the company's 10-year median is 38.42 vs. the industry median of 14.72, Robinhood Markets 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 Capital Markets company?
The median Owner Earnings per Share (TTM) among Capital Markets companies is 14.72, based on 341 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. Robinhood Markets's current Owner Earnings per Share (TTM) of 2.03 is 86.2% 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 Robinhood Markets. For the Capital Markets industry, the median Owner Earnings per Share (TTM) is 14.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Robinhood Markets's current Owner Earnings per Share (TTM) is 2.03, which is 95% below median its own 10-year median of 38.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Robinhood Markets stock overvalued right now?
Based on GuruFocus' analysis, Robinhood Markets (XSWX:HOOD) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF49.42, compared to a current price of CHF89.37 — trading 80.8% above its estimated fair value. The current Owner Earnings per Share (TTM) is 2.03, which is 95% below median its 10-year median of 38.42 and 86.2% below the Capital Markets industry median of 14.72. Robinhood Markets' overall GF Score™ is 53/100 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 Robinhood Markets (XSWX:HOOD), the current Owner Earnings per Share (TTM) is 2.03 as of Mar. 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 Robinhood Markets (XSWX:HOOD) Overvalued in 2026?
Based on GuruFocus' analysis, Robinhood Markets stock appears to be overvalued.
The current stock price of CHF89.37 is trading 80.8% above its estimated GF Value™ of CHF49.42.
GuruFocus considers Robinhood Markets to be Significantly Overvalued.
Key valuation signals for XSWX:HOOD:
Owner Earnings per Share (TTM): 2.03 (95% below median its 10-year median of 38.42)
GF Value™: CHF49.42 vs. price of CHF89.37 (80.8% above fair value)
Industry Position: 86.2% below the Capital Markets median (#294 of 341)
No single metric tells the full story. See the XSWX:HOOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Robinhood is a diversified financial services provider best known for its retail brokerage platform, which historically caters to a young, risk-seeking clientele that trades heavily on margin and in higher-risk asset classes like options, futures, cryptocurrencies, and more recently, in prediction markets. As those customers' financial needs have begun to mature, Robinhood has rolled out a suite of more conventional products, from retirement accounts to high-yield cash sweep accounts to nascent advisory services (Robinhood Strategies). With $322 billion in customer assets and 27 million active accounts at year-end 2025, the firm has emerged as a significant player in the large, quickly growing US brokerage market.
53GF Score
Get the complete analysis for XSWX:HOOD
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:HOOD has been successfully added to your 
