The 27-year-old Reds striker, who has scored 29 goals and provided 11 assists in 28 league appearances, is in the running for the PFA Player of the Year award along with Manchester City midfielder Yaya Toure and Chelsea winger Eden Hazard.
"Suarez has been the best player in the Premier League this season," The Mirror quotes Owen as saying. "Yes, there are others who've done well – Yaya Toure, Steven Gerrard, Adam Lallana and Eden Hazard. But, when it comes to Suarez, I don't think I have seen anything that good since probably Thierry Henry was playing in the Premier League. He has been absolutely outstanding.
"And it's important to mention he has been absolutely exemplary this season. His discipline has been great. Full credit to the club for giving him the stage to perform the way he has.
"It's funny because Suarez doesn't have the pace of Henry, the aerial ability of an Alan Shearer or the brute force of a Didier Drogba. But he's so supremely gifted in every single way. He really is a unique player."
Liverpool are currently two points clear at the top of the Premier League table.