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Top Glove BhdFRA:5OU 74 Owner Earnings per Share (TTM) is 0.01 as of May. 2026, which is 100% below its 10-year median of 51.72. GuruFocus rates FRA:5OU with a GF Score™ of 74/100 and a GF Value™ of €0.92. The stock has 3 warning signs investors should review. Among 313 Medical Devices & Instruments companies, Top Glove Bhd ranks worse than 87.22% 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)."
Top Glove Bhd's Owner Earnings per Share (TTM) ended in May. 2026 was €0.01. It's Price-to-Owner-Earnings ratio for today is 49.
The historical rank and industry rank for Top Glove Bhd's Owner Earnings per Share (TTM) or its related term are showing as below:
FRA:5OU'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.79 Med: 51.72 Max: 450
Current: 92.14
FRA:5OU's Price-to-Owner-Earnings is ranked worse than 87.22% of 313
companies
in the Medical Devices & Instruments industry
Industry Median: 26.95
vs FRA:5OU: 92.14
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.
Top Glove Bhd Owner Earnings per Share (TTM) Related Terms
Top Glove Bhd Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Top Glove Bhd'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.
Top Glove Bhd Owner Earnings per Share (TTM) Chart
FRA:5OU vs ISRG, BDX, MDLN: Owner Earnings per Share (TTM) Comparison
For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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.
Top Glove Bhd Price-to-Owner-Earnings vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Top Glove Bhd'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.
Top Glove Bhd's Change In Deferred Tax for the trailing twelve months (TTM) ended in May. 2026 was €0.0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = €79.0 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 quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, 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.
Top Glove Bhd's 5-Year Average Maintenance Capital Expenditure = €79.0 Mil
5. "Change In Working Capital" is from cashflow statement. Top Glove Bhd's Change In Working Capital for the trailing twelve months (TTM) ended in May. 2026 was €-15.0 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 0.01 mean?
Top Glove Bhd (FRA:5OU) has a Owner Earnings per Share (TTM) of 0.01 as of May. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Top Glove Bhd. This is 100% below median its historical median of 51.72. Over the past decade, Top Glove Bhd's Owner Earnings per Share (TTM) has ranged from 2.79 to 450.00. According to the industry distribution chart, Top Glove Bhd ranks #273 out of 313 companies in the Medical Devices & Instruments industry, placing it in the top 87.2%.
Is Top Glove Bhd's Owner Earnings per Share (TTM) too high?
Top Glove Bhd's current Owner Earnings per Share (TTM) of 0.01 is 100% below median its 10-year median of 51.72. Over the past 10 years, this metric has ranged from a low of 2.79 to a high of 450.00. The Medical Devices & Instruments industry median Owner Earnings per Share (TTM) is 26.95. Top Glove Bhd's value of 0.01 is 100% below this industry median. Based on the distribution chart, Top Glove Bhd ranks #273 out of 313 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Top Glove Bhd has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Top Glove Bhd's Owner Earnings per Share (TTM) compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Top Glove Bhd ranks #273 out of 313 companies for Owner Earnings per Share (TTM). This places Top Glove Bhd in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 26.95. Top Glove Bhd's value of 0.01 is 100% below this benchmark. Historically, Top Glove Bhd's own Owner Earnings per Share (TTM) has ranged from 2.79 to 450.00 over the past decade. While the company's 10-year median is 51.72 vs. the industry median of 26.95, Top Glove Bhd has consistently been below 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 Medical Devices & Instruments company?
The median Owner Earnings per Share (TTM) among Medical Devices & Instruments companies is 26.95, based on 313 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. Top Glove Bhd's current Owner Earnings per Share (TTM) of 0.01 is 100% below 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 Top Glove Bhd. For the Medical Devices & Instruments industry, the median Owner Earnings per Share (TTM) is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Glove Bhd's current Owner Earnings per Share (TTM) is 0.01, which is 100% below median its own 10-year median of 51.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Glove Bhd stock overvalued right now?
Top Glove Bhd (FRA:5OU) has a current Owner Earnings per Share (TTM) of 0.01. The stock's GF Value™ is €0.92, compared to a current price of €0.49 — trading 46.7% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.01, which is 100% below median its 10-year median of 51.72 and 100% below the Medical Devices & Instruments industry median of 26.95. Top Glove Bhd's overall GF Score™ is 74/100 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 Top Glove Bhd (FRA:5OU), the current Owner Earnings per Share (TTM) is 0.01 as of May. 2026. 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 Top Glove Bhd (FRA:5OU) Overvalued in 2026?
Based on GuruFocus' analysis, Top Glove Bhd stock appears to be undervalued.
The current stock price of €0.49 is trading 46.7% below its estimated GF Value™ of €0.92.
Key valuation signals for FRA:5OU:
Owner Earnings per Share (TTM): 0.01 (100% below median its 10-year median of 51.72)
GF Value™: €0.92 vs. price of €0.49 (46.7% below fair value)
Industry Position: 100% below the Medical Devices & Instruments median (#273 of 313)
No single metric tells the full story. See the FRA:5OU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Glove Corp Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing and sales of gloves through several product lines to diverse customers in various countries. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. It serves various sectors including healthcare, industrial, and Food and Beverage sectors. The company has four reportable operating segments based on its geographical areas: Malaysia, Thailand, People's Republic of China and Others. The majority of revenue is generated from Malaysia.
74GF Score
Get the complete analysis for FRA:5OU
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