Reckitt Benckiser Group (MEX:RB N) Owner Earnings per Share (TTM): 88.81 (As of Dec. 2025) — 349% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MEX:RB N Reckitt Benckiser Group PLC MEX:RB N
72 GF Score
Price MXN1,056.60
GF Value MXN1,035.89
! 3 Warning Signs
View Full Analysis

What is Reckitt Benckiser Group Owner Earnings per Share (TTM)?

Reckitt Benckiser Group MEX:RB N 72 Owner Earnings per Share (TTM) is 88.81 as of Dec. 2025, which is 349% above its 10-year median of 19.79. GuruFocus rates MEX:RB N with a GF Score™ of 72/100 and a GF Value™ of MXN1,035.89. The stock has 3 warning signs investors should review. Among 959 Consumer Packaged Goods companies, Reckitt Benckiser Group ranks better than 58.81% on this metric.

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"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)."

Reckitt Benckiser Group's Owner Earnings per Share (TTM) ended in Dec. 2025 was MXN88.81. It's Price-to-Owner-Earnings ratio for today is 11.9.


The historical rank and industry rank for Reckitt Benckiser Group's Owner Earnings per Share (TTM) or its related term are showing as below:

MEX:RB N' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 6.39   Med: 19.79   Max: 40.32
Current: 11.9


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Reckitt Benckiser Group was 40.32. The lowest was 6.39. And the median was 19.79.


MEX:RB N's Price-to-Owner-Earnings is ranked better than
58.81% of 959 companies
in the Consumer Packaged Goods industry
Industry Median: 14.8 vs MEX:RB N: 11.90

Reckitt Benckiser Group's Earnings per Share (Diluted) for the six months ended in Jun. 2026 was MXN23.41. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was MXN105.81. It's PE Ratio (TTM) ratio for today is 9.99.

Reckitt Benckiser Group's EPS without NRI for the six months ended in Jun. 2026 was MXN35.50. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was MXN81.83. It's PE Ratio without NRI ratio for today is 12.91.


Be Aware

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.


Reckitt Benckiser Group Owner Earnings per Share (TTM) Related Terms


Reckitt Benckiser Group Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Reckitt Benckiser 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.

Reckitt Benckiser Group Owner Earnings per Share (TTM) Chart

Reckitt Benckiser Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.08 75.08 57.40 47.46 98.58

Reckitt Benckiser Group Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Owner Earnings per Share (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 47.46 0.00 98.58 0.00

MEX:RB N vs PG, CL, KVUE: Owner Earnings per Share (TTM) Comparison

For the Household & Personal Products subindustry, Reckitt Benckiser 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.


Reckitt Benckiser Group Price-to-Owner-Earnings vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Reckitt Benckiser Group's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Reckitt Benckiser Group's Price-to-Owner-Earnings falls into.


MEX:RB N
72GF Score
Reckitt Benckiser Group PLC MEX:RB N
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Reckitt Benckiser Group Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"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)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Reckitt Benckiser Group's Owner Earnings per Share (TTM) Calculation:

Last Year Average of Last 5 Years
Net Income 76,699
Depreciation, Depletion and Amortization 12,028
Change In Deferred Tax 0
5Y Average of Maintenance Capital Expenditure 10,796
Change In Working Capital -7,906
Shares Outstanding (Diluted Average) 654

1. Start with "Net Income" from income statement. Reckitt Benckiser Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was MXN76,699 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Reckitt Benckiser Group's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Dec. 2025 was MXN12,028 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

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. Reckitt Benckiser Group's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was MXN0 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = MXN10,796 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.

Reckitt Benckiser Group's 5-Year Average Maintenance Capital Expenditure = MXN10,796 Mil

5. "Change In Working Capital" is from cashflow statement. Reckitt Benckiser Group's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was MXN-7,906 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.

6. Reckitt Benckiser Group's Shares Outstanding (Diluted Average) for the months ended in Dec. 2025 was 653.897 Mil.

Reckitt Benckiser Group's Onwer Earnings Per Share for Dec. 2025 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 76698.979 +12027.904+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-10795.764+-7906.117)/653.897
=88.81

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=1056.60/88.81
=11.9

* 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 88.81 mean?
Reckitt Benckiser Group (MEX:RB N) has a Owner Earnings per Share (TTM) of 88.81 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Reckitt Benckiser Group. This is 349% above median its historical median of 19.79. Over the past decade, Reckitt Benckiser Group's Owner Earnings per Share (TTM) has ranged from 6.39 to 40.32. According to the industry distribution chart, Reckitt Benckiser Group ranks #395 out of 959 companies in the Consumer Packaged Goods industry, placing it in the top 41.2%.
Is Reckitt Benckiser Group's Owner Earnings per Share (TTM) too high?
Reckitt Benckiser Group's current Owner Earnings per Share (TTM) of 88.81 is 349% above median its 10-year median of 19.79. Over the past 10 years, this metric has ranged from a low of 6.39 to a high of 40.32. The Consumer Packaged Goods industry median Owner Earnings per Share (TTM) is 14.80. Reckitt Benckiser Group's value of 88.81 is 500.1% above this industry median. Based on the distribution chart, Reckitt Benckiser Group ranks #395 out of 959 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Reckitt Benckiser Group has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Reckitt Benckiser Group's Owner Earnings per Share (TTM) compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Reckitt Benckiser Group ranks #395 out of 959 companies for Owner Earnings per Share (TTM). This puts Reckitt Benckiser Group in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 14.80. Reckitt Benckiser Group's value of 88.81 is 500.1% above this benchmark. Historically, Reckitt Benckiser Group's own Owner Earnings per Share (TTM) has ranged from 6.39 to 40.32 over the past decade. While the company's 10-year median is 19.79 vs. the industry median of 14.80, Reckitt Benckiser Group 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 14.80, based on 959 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. Reckitt Benckiser Group's current Owner Earnings per Share (TTM) of 88.81 is 500.1% 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 Reckitt Benckiser Group. For the Consumer Packaged Goods industry, the median Owner Earnings per Share (TTM) is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reckitt Benckiser Group's current Owner Earnings per Share (TTM) is 88.81, which is 349% above median its own 10-year median of 19.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reckitt Benckiser Group stock overvalued right now?
Reckitt Benckiser Group (MEX:RB N) has a current Owner Earnings per Share (TTM) of 88.81. The stock's GF Value™ is MXN1,035.89, compared to a current price of MXN1,056.60 — trading 2% above its estimated fair value. The current Owner Earnings per Share (TTM) is 88.81, which is 349% above median its 10-year median of 19.79 and 500.1% above the Consumer Packaged Goods industry median of 14.80. Reckitt Benckiser Group's overall GF Score™ is 72/100 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 Reckitt Benckiser Group (MEX:RB N), the current Owner Earnings per Share (TTM) is 88.81 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 Reckitt Benckiser Group (MEX:RB N) Overvalued in 2026?

Based on GuruFocus' analysis, Reckitt Benckiser Group stock appears to be overvalued. The current stock price of MXN1,056.60 is trading 2% above its estimated GF Value™ of MXN1,035.89.

Key valuation signals for MEX:RB N:

  • Owner Earnings per Share (TTM): 88.81 (349% above median its 10-year median of 19.79)
  • GF Value™: MXN1,035.89 vs. price of MXN1,056.60 (2% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 500.1% above the Consumer Packaged Goods median (#395 of 959)

No single metric tells the full story. See the MEX:RB N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Reckitt Benckiser Group Business Description

Address 103-105 Bath Road, Slough, Berkshire, GBR, SL1 3UH
Reckitt Benckiser was formed in 1999 through the merger of the British firm Reckitt & Colman and Dutch-based Benckiser. Recently rebranded under the corporate name Reckitt, it sells a portfolio that includes a variety of household and consumer health brands, such as Lysol, Finish, Durex, and Mucinex, many of which hold a number-one or number-two position in their categories globally. Reckitt has repositioned its portfolio and has entered the infant formula market through the acquisition of Mead Johnson in 2017, expanded its consumer health presence by acquiring Schiff Nutrition, K-Y, and Biofreeze, and has exited the food industry. The firm operates in 60 countries and sells products in more than 200, generating over 40% of core sales from emerging markets.
72GF Score

Get the complete analysis for MEX:RB N

Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,056.60
Price
MXN1,035.89
GF Value