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Tokyu Construction Co (TSE:1720) Owner Earnings per Share (TTM) : 0.00 (As of Mar. 2024)


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What is Tokyu Construction Co Owner Earnings per Share (TTM)?

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)."

Tokyu Construction Co 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 Tokyu Construction Co's Owner Earnings per Share (TTM) or its related term are showing as below:


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Tokyu Construction Co was 133.43. The lowest was 5.77. And the median was 16.38.


TSE:1720's Price-to-Owner-Earnings is not ranked *
in the Construction industry.
Industry Median: 13.01
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Tokyu Construction Co's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was 円4.62. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was 円68.92. It's PE Ratio ratio for today is 11.11.

Tokyu Construction Co's EPS without NRI for the three months ended in Dec. 2023 was 円4.48. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was 円69.73. It's PE Ratio without NRI ratio for today is 10.99.


Tokyu Construction Co Owner Earnings per Share (TTM) Historical Data

The historical data trend for Tokyu Construction 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.

* Premium members only.

Tokyu Construction Co Owner Earnings per Share (TTM) Chart

Tokyu Construction Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Owner Earnings per Share (TTM)
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Tokyu Construction Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Tokyu Construction Co's Owner Earnings per Share (TTM)

For the Engineering & Construction subindustry, Tokyu Construction 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.


Tokyu Construction Co's Price-to-Owner-Earnings Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tokyu Construction Co's Price-to-Owner-Earnings distribution charts can be found below:

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



Tokyu Construction 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)

Tokyu Construction Co does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


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.


Tokyu Construction Co Owner Earnings per Share (TTM) Related Terms

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Tokyu Construction Co (TSE:1720) Business Description

Traded in Other Exchanges
Address
1-16-14, Shibuya, Shibuya-ku, Tokyo, JPN, 150-8340
Tokyu Construction is a Japan-based company that provides various construction-related services. The company's services include civil engineering and building construction, investigation, construction planning, geological surveying, consultancy services, measurement, designing, building maintenance and supervision, real estate leasing, and worker dispatching. Its construction activities encompass educational facilities, offices, hotels, commercial facilities, environmental improvement facilities, care facilities, hospitals, logistics facilities, factories, roads, sports facilities, airports, and so on.

Tokyu Construction Co (TSE:1720) Headlines

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