Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Rex Trueform GroupJSE:RTO 65 Owner Earnings per Share (TTM) is 3.92 as of Jun. 2025, which is 40% above its 10-year median of 2.81. GuruFocus rates JSE:RTO with a GF Score™ of 65/100 and a GF Value™ of R10.69 (Fairly Valued). The stock has 8 warning signs investors should review. Among 546 Retail - Cyclical companies, Rex Trueform Group ranks better than 87.36% 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)."
Rex Trueform Group's Owner Earnings per Share (TTM) ended in Jun. 2025 was R3.92. It's Price-to-Owner-Earnings ratio for today is 2.81.
The historical rank and industry rank for Rex Trueform Group's Owner Earnings per Share (TTM) or its related term are showing as below:
JSE:RTO'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.32 Med: 2.81 Max: 123.66
Current: 2.81
JSE:RTO's Price-to-Owner-Earnings is ranked better than 87.36% of 546
companies
in the Retail - Cyclical industry
Industry Median: 10.67
vs JSE:RTO: 2.81
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.
Rex Trueform Group Owner Earnings per Share (TTM) Related Terms
Rex Trueform Group Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Rex Trueform Group'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.
Rex Trueform Group Owner Earnings per Share (TTM) Chart
JSE:RTO vs TJX, ROST, BURL: Owner Earnings per Share (TTM) Comparison
For the Apparel Retail subindustry, Rex Trueform Group'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.
Rex Trueform Group Price-to-Owner-Earnings vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Rex Trueform Group's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Rex Trueform Group'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)."
1. Start with "Net Income" from income statement. Rex Trueform Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2025 was R27.7 Mil.
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.
Rex Trueform Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jun. 2025 was R13.8 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = R38.1 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.
Rex Trueform Group's 5-Year Average Maintenance Capital Expenditure = R38.1 Mil
5. "Change In Working Capital" is from cashflow statement. Rex Trueform Group's Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2025 was R-6.7 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 3.92 mean?
Rex Trueform Group (JSE:RTO) has a Owner Earnings per Share (TTM) of 3.92 as of Jun. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Rex Trueform Group. This is 40% above median its historical median of 2.81. Over the past decade, Rex Trueform Group's Owner Earnings per Share (TTM) has ranged from 1.32 to 123.66. According to the industry distribution chart, Rex Trueform Group ranks #69 out of 546 companies in the Retail - Cyclical industry, placing it in the top 12.6%.
Is Rex Trueform Group's Owner Earnings per Share (TTM) too high?
Rex Trueform Group's current Owner Earnings per Share (TTM) of 3.92 is 40% above median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 123.66. The Retail - Cyclical industry median Owner Earnings per Share (TTM) is 10.67. Rex Trueform Group's value of 3.92 is 63.3% below this industry median. Based on the distribution chart, Rex Trueform Group ranks #69 out of 546 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Rex Trueform Group has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Rex Trueform Group's Owner Earnings per Share (TTM) compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Rex Trueform Group ranks #69 out of 546 companies for Owner Earnings per Share (TTM). This places Rex Trueform Group in the top 13% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 10.67. Rex Trueform Group's value of 3.92 is 63.3% below this benchmark. Historically, Rex Trueform Group's own Owner Earnings per Share (TTM) has ranged from 1.32 to 123.66 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 10.67, Rex Trueform Group 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 Retail - Cyclical company?
The median Owner Earnings per Share (TTM) among Retail - Cyclical companies is 10.67, based on 546 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. Rex Trueform Group's current Owner Earnings per Share (TTM) of 3.92 is 63.3% 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 Rex Trueform Group. For the Retail - Cyclical industry, the median Owner Earnings per Share (TTM) is 10.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rex Trueform Group's current Owner Earnings per Share (TTM) is 3.92, which is 40% above median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rex Trueform Group stock overvalued right now?
Based on GuruFocus' analysis, Rex Trueform Group (JSE:RTO) is currently considered Fairly Valued. The stock's GF Value™ is R10.69, compared to a current price of R11.00 — trading 2.9% above its estimated fair value. The current Owner Earnings per Share (TTM) is 3.92, which is 40% above median its 10-year median of 2.81 and 63.3% below the Retail - Cyclical industry median of 10.67. Rex Trueform Group's overall GF Score™ is 65/100 with 8 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 Rex Trueform Group (JSE:RTO), the current Owner Earnings per Share (TTM) is 3.92 as of Jun. 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 Rex Trueform Group (JSE:RTO) Overvalued in 2026?
Based on GuruFocus' analysis, Rex Trueform Group stock appears to be overvalued.
The current stock price of R11.00 is trading 2.9% above its estimated GF Value™ of R10.69.
GuruFocus considers Rex Trueform Group to be Fairly Valued.
Key valuation signals for JSE:RTO:
Owner Earnings per Share (TTM): 3.92 (40% above median its 10-year median of 2.81)
GF Value™: R10.69 vs. price of R11.00 (2.9% above fair value)
Industry Position: 63.3% below the Retail - Cyclical median (#69 of 546)
No single metric tells the full story. See the JSE:RTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rex Trueform Group Ltd is a holding company. It is organized into four segments: Retail segment which comprises of the retailing of fashion apparel through Queenspark stores in South Africa. Property segment comprising of the group's property portfolio based in Cape Town, which includes both investment and owner occupied properties. Media and broadcasting segment engaged in the provision of media and satellite equipment and services through Telemedia. Water infrastructure segment comprises of an indirect investment made in a private water and wastewater utility group. The technology segment comprises of the group's investment in Byte Orbit that designs, builds, and launches digital innovation products through a full product lifecycle approach.
65GF Score
Get the complete analysis for JSE:RTO
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:RTO has been successfully added to your 
