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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.
"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)."
Societe Generale 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 Societe Generale's Owner Earnings per Share (TTM) or its related term are showing as below:
XTER:SGE's Price-to-Owner-Earnings is not ranked *
in the Banks industry.
Industry Median: 10.38 * Ranked among companies with meaningful Price-to-Owner-Earnings only.
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 FactSet. 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.
Societe Generale Owner Earnings per Share (TTM) Related Terms
Societe Generale Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Societe Generale'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.
Societe Generale Owner Earnings per Share (TTM) Chart
Societe Generale Owner Earnings per Share (TTM) Competitor Comparison
For the Banks - Regional subindustry, Societe Generale'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.
Societe Generale Price-to-Owner-Earnings vs Banks Industry
For the Banks industry and Financial Services sector, Societe Generale's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Societe Generale'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)."
What does a Owner Earnings per Share (TTM) of -36.92 mean?
Societe Generale (XTER:SGE) has a Owner Earnings per Share (TTM) of -36.92 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Societe Generale. According to the industry distribution chart, Societe Generale ranks #999999 out of 1031 companies in the Banks industry.
Is Societe Generale's Owner Earnings per Share (TTM) too high?
Societe Generale's current Owner Earnings per Share (TTM) is -36.92. Based on the distribution chart, Societe Generale ranks #999999 out of 1031 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Societe Generale has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Societe Generale's Owner Earnings per Share (TTM) compare to competitors?
According to the Banks industry distribution chart, Societe Generale ranks #999999 out of 1031 companies for Owner Earnings per Share (TTM). This places Societe Generale in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 10.38. 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 Banks company?
The median Owner Earnings per Share (TTM) among Banks companies is 10.38, based on 1,031 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. 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 Societe Generale. For the Banks industry, the median Owner Earnings per Share (TTM) is 10.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societe Generale's current Owner Earnings per Share (TTM) is -36.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Societe Generale stock overvalued right now?
Based on GuruFocus' analysis, Societe Generale (XTER:SGE) is currently considered Significantly Overvalued. The stock's GF Value™ is €44.58, compared to a current price of €72.60 — trading 62.9% above its estimated fair value. The current Owner Earnings per Share (TTM) is -36.92. Societe Generale's overall GF Score™ is 68/100 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 Societe Generale (XTER:SGE), the current Owner Earnings per Share (TTM) is -36.92 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 Societe Generale (XTER:SGE) Overvalued in 2026?
Based on GuruFocus' analysis, Societe Generale stock appears to be overvalued.
The current stock price of €72.60 is trading 62.9% above its estimated GF Value™ of €44.58.
GuruFocus considers Societe Generale to be Significantly Overvalued.
Key valuation signals for XTER:SGE:
Owner Earnings per Share (TTM): -36.92
GF Value™: €44.58 vs. price of €72.60 (62.9% above fair value)
No single metric tells the full story. See the XTER:SGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Société Générale is a diversified European bank whose largest division is its corporate and investment bank, anchored by a well-regarded equity franchise. Its French retail operations include both the traditional branch network and fast-growing digital bank Boursorama. Internationally, Société Générale ranks among the largest banks in the Czech Republic and Romania. It also holds dominant positions in several African markets, though with a smaller earnings contribution. The group is a leading player in vehicle and equipment leasing through ALD Automotive.
68GF Score
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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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