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Ems-Chemie Holding AGEMSHF 76 Owner Earnings per Share (TTM) is 27.68 as of Dec. 2025, which is 1% below its 10-year median of 28.03. GuruFocus rates EMSHF with a GF Score™ of 76/100 and a GF Value™ of $667.32. The stock has 7 warning signs investors should review. Among 710 Chemicals companies, Ems-Chemie Holding AG ranks worse than 64.79% 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)."
Ems-Chemie Holding AG's Owner Earnings per Share (TTM) ended in Dec. 2025 was $27.68. It's Price-to-Owner-Earnings ratio for today is 31.72.
The historical rank and industry rank for Ems-Chemie Holding AG's Owner Earnings per Share (TTM) or its related term are showing as below:
EMSHF'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 20.21 Med: 28.03 Max: 49.03
Current: 31.72
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.
Ems-Chemie Holding AG Owner Earnings per Share (TTM) Related Terms
Ems-Chemie Holding AG Owner Earnings per Share (TTM) Historical Data
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The historical data trend for Ems-Chemie Holding AG'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.
Ems-Chemie Holding AG Owner Earnings per Share (TTM) Chart
EMSHF vs LIN, SHW, ECL: Owner Earnings per Share (TTM) Comparison
For the Specialty Chemicals subindustry, Ems-Chemie Holding AG'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.
Ems-Chemie Holding AG Price-to-Owner-Earnings vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ems-Chemie Holding AG's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Ems-Chemie Holding AG'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)."
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.
Ems-Chemie Holding AG's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was $117 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $53 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 year. If the revenue decreased from the previous year, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous year, 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.
Ems-Chemie Holding AG's 5-Year Average Maintenance Capital Expenditure = $53 Mil
5. "Change In Working Capital" is from cashflow statement. Ems-Chemie Holding AG's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was $-9 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 27.68 mean?
Ems-Chemie Holding AG (EMSHF) has a Owner Earnings per Share (TTM) of 27.68 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Ems-Chemie Holding AG. This is near median its historical median of 28.03. Over the past decade, Ems-Chemie Holding AG's Owner Earnings per Share (TTM) has ranged from 20.21 to 49.03. According to the industry distribution chart, Ems-Chemie Holding AG ranks #460 out of 710 companies in the Chemicals industry, placing it in the top 64.8%.
Is Ems-Chemie Holding AG's Owner Earnings per Share (TTM) too high?
Ems-Chemie Holding AG's current Owner Earnings per Share (TTM) of 27.68 is near median its 10-year median of 28.03. Over the past 10 years, this metric has ranged from a low of 20.21 to a high of 49.03. The Chemicals industry median Owner Earnings per Share (TTM) is 19.25. Ems-Chemie Holding AG's value of 27.68 is 43.8% above this industry median. Based on the distribution chart, Ems-Chemie Holding AG ranks #460 out of 710 companies in the Chemicals industry, which is below the industry midpoint. Overall, Ems-Chemie Holding AG has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Ems-Chemie Holding AG's Owner Earnings per Share (TTM) compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ems-Chemie Holding AG ranks #460 out of 710 companies for Owner Earnings per Share (TTM). This places Ems-Chemie Holding AG in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 19.25. Ems-Chemie Holding AG's value of 27.68 is 43.8% above this benchmark. Historically, Ems-Chemie Holding AG's own Owner Earnings per Share (TTM) has ranged from 20.21 to 49.03 over the past decade. While the company's 10-year median is 28.03 vs. the industry median of 19.25, Ems-Chemie Holding AG has consistently been above 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 Chemicals company?
The median Owner Earnings per Share (TTM) among Chemicals companies is 19.25, based on 710 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. Ems-Chemie Holding AG's current Owner Earnings per Share (TTM) of 27.68 is 43.8% above 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 Ems-Chemie Holding AG. For the Chemicals industry, the median Owner Earnings per Share (TTM) is 19.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ems-Chemie Holding AG's current Owner Earnings per Share (TTM) is 27.68, which is near median its own 10-year median of 28.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ems-Chemie Holding AG stock overvalued right now?
Ems-Chemie Holding AG (EMSHF) has a current Owner Earnings per Share (TTM) of 27.68. The stock's GF Value™ is $667.32, compared to a current price of $877.91 — trading 31.6% above its estimated fair value. The current Owner Earnings per Share (TTM) is 27.68, which is near median its 10-year median of 28.03 and 43.8% above the Chemicals industry median of 19.25. Ems-Chemie Holding AG's overall GF Score™ is 76/100 with 7 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 Ems-Chemie Holding AG (EMSHF), the current Owner Earnings per Share (TTM) is 27.68 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 Ems-Chemie Holding AG (EMSHF) Overvalued in 2026?
Based on GuruFocus' analysis, Ems-Chemie Holding AG stock appears to be overvalued.
The current stock price of $877.91 is trading 31.6% above its estimated GF Value™ of $667.32.
Key valuation signals for EMSHF:
Owner Earnings per Share (TTM): 27.68 (near median its 10-year median of 28.03)
GF Value™: $667.32 vs. price of $877.91 (31.6% above fair value)
Industry Position: 43.8% above the Chemicals median (#460 of 710)
No single metric tells the full story. See the EMSHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ems-Chemie Holding AG is a holding company that, through its subsidiaries, manufactures and sells a variety of chemical-based products. The firm organizes itself into two segments based on product type: High-Performance Polymers and Specialty Chemicals. The High-Performance Polymers segment, which generates the majority of revenue, sells plastic products to the automotive, electrical, and electronics industries. The Specialty Chemicals segment sells fibres, bonding agents for tires, and fusible bonding yarns for textiles and powder coating products. Geographically, the majority of its revenue comes from Europe and the rest from Asia, the Americas, and other regions.
76GF Score
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