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Rafhan Maize Product CoKAR:RMPL 96 Owner Earnings per Share (TTM) is 752.45 as of Mar. 2026, which is 4142% above its 10-year median of 17.74. GuruFocus rates KAR:RMPL with a GF Score™ of 96/100 and a GF Value™ of ₨9,770.56 (Fairly Valued). The stock has 5 warning signs investors should review. Among 997 Consumer Packaged Goods companies, Rafhan Maize Product Co ranks better than 56.97% 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)."
Rafhan Maize Product Co's Owner Earnings per Share (TTM) ended in Mar. 2026 was ₨752.45. It's Price-to-Owner-Earnings ratio for today is 12.3.
The historical rank and industry rank for Rafhan Maize Product Co's Owner Earnings per Share (TTM) or its related term are showing as below:
KAR:RMPL'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.25 Med: 17.74 Max: 250.7
Current: 12.28
KAR:RMPL's Price-to-Owner-Earnings is ranked better than 56.97% of 997
companies
in the Consumer Packaged Goods industry
Industry Median: 14.56
vs KAR:RMPL: 12.28
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.
Rafhan Maize Product Co Owner Earnings per Share (TTM) Related Terms
Rafhan Maize Product Co Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Rafhan Maize Product 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.
Rafhan Maize Product Co Owner Earnings per Share (TTM) Chart
KAR:RMPL vs ADM, BG, TSN: Owner Earnings per Share (TTM) Comparison
For the Farm Products subindustry, Rafhan Maize Product 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.
Rafhan Maize Product Co Price-to-Owner-Earnings vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Rafhan Maize Product Co's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Rafhan Maize Product Co'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.
Rafhan Maize Product Co's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was ₨0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = ₨1,485 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.
Rafhan Maize Product Co's 5-Year Average Maintenance Capital Expenditure = ₨1,485 Mil
5. "Change In Working Capital" is from cashflow statement. Rafhan Maize Product Co's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was ₨1,012 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 752.45 mean?
Rafhan Maize Product Co (KAR:RMPL) has a Owner Earnings per Share (TTM) of 752.45 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Rafhan Maize Product Co. This is 4142% above median its historical median of 17.74. Over the past decade, Rafhan Maize Product Co's Owner Earnings per Share (TTM) has ranged from 8.25 to 250.70. According to the industry distribution chart, Rafhan Maize Product Co ranks #429 out of 997 companies in the Consumer Packaged Goods industry, placing it in the top 43%.
Is Rafhan Maize Product Co's Owner Earnings per Share (TTM) too high?
Rafhan Maize Product Co's current Owner Earnings per Share (TTM) of 752.45 is 4142% above median its 10-year median of 17.74. Over the past 10 years, this metric has ranged from a low of 8.25 to a high of 250.70. The Consumer Packaged Goods industry median Owner Earnings per Share (TTM) is 14.56. Rafhan Maize Product Co's value of 752.45 is 5067.9% above this industry median. Based on the distribution chart, Rafhan Maize Product Co ranks #429 out of 997 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Rafhan Maize Product Co has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Rafhan Maize Product Co's Owner Earnings per Share (TTM) compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Rafhan Maize Product Co ranks #429 out of 997 companies for Owner Earnings per Share (TTM). This puts Rafhan Maize Product Co in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 14.56. Rafhan Maize Product Co's value of 752.45 is 5067.9% above this benchmark. Historically, Rafhan Maize Product Co's own Owner Earnings per Share (TTM) has ranged from 8.25 to 250.70 over the past decade. While the company's 10-year median is 17.74 vs. the industry median of 14.56, Rafhan Maize Product Co 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 Consumer Packaged Goods company?
The median Owner Earnings per Share (TTM) among Consumer Packaged Goods companies is 14.56, based on 997 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. Rafhan Maize Product Co's current Owner Earnings per Share (TTM) of 752.45 is 5067.9% 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 Rafhan Maize Product Co. For the Consumer Packaged Goods industry, the median Owner Earnings per Share (TTM) is 14.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rafhan Maize Product Co's current Owner Earnings per Share (TTM) is 752.45, which is 4142% above median its own 10-year median of 17.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rafhan Maize Product Co stock overvalued right now?
Based on GuruFocus' analysis, Rafhan Maize Product Co (KAR:RMPL) is currently considered Fairly Valued. The stock's GF Value™ is ₨9,770.56, compared to a current price of ₨9,255.27 — trading 5.3% below its estimated fair value. The current Owner Earnings per Share (TTM) is 752.45, which is 4142% above median its 10-year median of 17.74 and 5067.9% above the Consumer Packaged Goods industry median of 14.56. Rafhan Maize Product Co's overall GF Score™ is 96/100 with 5 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 Rafhan Maize Product Co (KAR:RMPL), the current Owner Earnings per Share (TTM) is 752.45 as of Mar. 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 Rafhan Maize Product Co (KAR:RMPL) Overvalued in 2026?
Based on GuruFocus' analysis, Rafhan Maize Product Co stock appears to be undervalued.
The current stock price of ₨9,255.27 is trading 5.3% below its estimated GF Value™ of ₨9,770.56.
GuruFocus considers Rafhan Maize Product Co to be Fairly Valued.
Key valuation signals for KAR:RMPL:
Owner Earnings per Share (TTM): 752.45 (4142% above median its 10-year median of 17.74)
GF Value™: ₨9,770.56 vs. price of ₨9,255.27 (5.3% below fair value)
Industry Position: 5067.9% above the Consumer Packaged Goods median (#429 of 997)
No single metric tells the full story. See the KAR:RMPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rafhan Maize Product Co Ltd is involved in the business of using maize as the basic raw material to manufacture and sell industrial products. Its products are Industrial Starches, Liquid Glucose, Dextrose, Dextrin, and Gluten Meals. It supplies its products to textiles, pharmaceuticals, paper, food, baking, confectionery, and other industries. The company sells its products in Pakistan and also exports them to other countries, of which key revenue is derived within Pakistan.
96GF Score
Get the complete analysis for KAR:RMPL
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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