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"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)."
Hrvatski Telekom DD 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 Hrvatski Telekom DD's Owner Earnings per Share (TTM) or its related term are showing as below:
ZAG:HT's Price-to-Owner-Earnings is not ranked *
in the Telecommunication Services industry.
Industry Median: 12.075 * 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 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.
Hrvatski Telekom DD Owner Earnings per Share (TTM) Related Terms
Hrvatski Telekom DD Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Hrvatski Telekom DD'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.
Hrvatski Telekom DD Owner Earnings per Share (TTM) Chart
ZAG:HT vs VZ, TMUS, T: Owner Earnings per Share (TTM) Comparison
For the Telecom Services subindustry, Hrvatski Telekom DD'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.
Hrvatski Telekom DD Price-to-Owner-Earnings vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Hrvatski Telekom DD's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Hrvatski Telekom DD'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 0.00 mean?
Hrvatski Telekom DD (ZAG:HT) has a Owner Earnings per Share (TTM) of 0.00 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Hrvatski Telekom DD. Over the past decade, Hrvatski Telekom DD's Owner Earnings per Share (TTM) has ranged from 7.03 to 13.66. According to the industry distribution chart, Hrvatski Telekom DD ranks #999999 out of 218 companies in the Telecommunication Services industry.
Is Hrvatski Telekom DD's Owner Earnings per Share (TTM) too high?
Hrvatski Telekom DD's current Owner Earnings per Share (TTM) is 0.00. Over the past 10 years, this metric has ranged from a low of 7.03 to a high of 13.66. Based on the distribution chart, Hrvatski Telekom DD ranks #999999 out of 218 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Hrvatski Telekom DD has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hrvatski Telekom DD's Owner Earnings per Share (TTM) compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Hrvatski Telekom DD ranks #999999 out of 218 companies for Owner Earnings per Share (TTM). This places Hrvatski Telekom DD in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 12.08. Historically, Hrvatski Telekom DD's own Owner Earnings per Share (TTM) has ranged from 7.03 to 13.66 over the past decade. 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 Telecommunication Services company?
The median Owner Earnings per Share (TTM) among Telecommunication Services companies is 12.08, based on 218 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 Hrvatski Telekom DD. For the Telecommunication Services industry, the median Owner Earnings per Share (TTM) is 12.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hrvatski Telekom DD's current Owner Earnings per Share (TTM) is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hrvatski Telekom DD stock overvalued right now?
Based on GuruFocus' analysis, Hrvatski Telekom DD (ZAG:HT) is currently considered Fairly Valued. The stock's GF Value™ is €41.32, compared to a current price of €40.10 — trading 3% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.00. Hrvatski Telekom DD's overall GF Score™ is 100/100 with 3 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 Hrvatski Telekom DD (ZAG:HT), the current Owner Earnings per Share (TTM) is 0.00 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 Hrvatski Telekom DD (ZAG:HT) Overvalued in 2026?
Based on GuruFocus' analysis, Hrvatski Telekom DD stock appears to be undervalued.
The current stock price of €40.10 is trading 3% below its estimated GF Value™ of €41.32.
GuruFocus considers Hrvatski Telekom DD to be Fairly Valued.
Key valuation signals for ZAG:HT:
Owner Earnings per Share (TTM): 0.00
GF Value™: €41.32 vs. price of €40.10 (3% below fair value)
No single metric tells the full story. See the ZAG:HT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hrvatski Telekom DD is a provider of telecommunication and digital services in the Republic of Croatia. It offers fixed and mobile telephony services as well as wholesale, Internet, and data. The company's business segments are Residential, Business, Other and Crnogorski Telekom. The majority of its revenue is derived from the Residential unit segment that includes marketing, sales, and customer services, focused on providing mobile, fixed-line telecommunications, electricity, and TV distribution and services to residential customers. Geographically, the company generates the majority of its revenue from the Republic of Croatia.
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