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"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)."
NTC Industries does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.
The historical rank and industry rank for NTC Industries's Owner Earnings per Share (TTM) or its related term are showing as below:
NSE:NTCIND's Price-to-Owner-Earnings is not ranked *
in the Tobacco Products industry.
Industry Median: 14.13 * Ranked among companies with meaningful Price-to-Owner-Earnings only.
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 FactSet. 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.
NTC Industries Owner Earnings per Share (TTM) Related Terms
NTC Industries Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for NTC Industries'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.
NTC Industries Owner Earnings per Share (TTM) Chart
NSE:NTCIND vs PM, MO, TPB: Owner Earnings per Share (TTM) Comparison
For the Tobacco subindustry, NTC Industries'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.
NTC Industries Price-to-Owner-Earnings vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, NTC Industries's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where NTC Industries'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)."
What does a Owner Earnings per Share (TTM) of -19.24 mean?
NTC Industries (NSE:NTCIND) has a Owner Earnings per Share (TTM) of -19.24 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on NTC Industries. According to the industry distribution chart, NTC Industries ranks #999999 out of 26 companies in the Tobacco Products industry.
Is NTC Industries' Owner Earnings per Share (TTM) too high?
NTC Industries' current Owner Earnings per Share (TTM) is -19.24. Based on the distribution chart, NTC Industries ranks #999999 out of 26 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, NTC Industries has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NTC Industries' Owner Earnings per Share (TTM) compare to PM and MO?
According to the Tobacco Products industry distribution chart, NTC Industries ranks #999999 out of 26 companies for Owner Earnings per Share (TTM). This places NTC Industries in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.13. 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 Tobacco Products company?
The median Owner Earnings per Share (TTM) among Tobacco Products companies is 14.13, based on 26 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. 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 NTC Industries. For the Tobacco Products industry, the median Owner Earnings per Share (TTM) is 14.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTC Industries's current Owner Earnings per Share (TTM) is -19.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTC Industries stock overvalued right now?
Based on GuruFocus' analysis, NTC Industries (NSE:NTCIND) is currently considered Possible Value Trap. The stock's GF Value™ is ₹261.30, compared to a current price of ₹132.85 — trading 49.2% below its estimated fair value. The current Owner Earnings per Share (TTM) is -19.24. NTC Industries' overall GF Score™ is 64/100 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 NTC Industries (NSE:NTCIND), the current Owner Earnings per Share (TTM) is -19.24 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 NTC Industries (NSE:NTCIND) Overvalued in 2026?
Based on GuruFocus' analysis, NTC Industries stock appears to be undervalued.
The current stock price of ₹132.85 is trading 49.2% below its estimated GF Value™ of ₹261.30.
GuruFocus considers NTC Industries to be Possible Value Trap.
Key valuation signals for NSE:NTCIND:
Owner Earnings per Share (TTM): -19.24
GF Value™: ₹261.30 vs. price of ₹132.85 (49.2% below fair value)
No single metric tells the full story. See the NSE:NTCIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NTC Industries Ltd engages in the manufacture of cigarettes and tobacco products. It offers filters, mentholated cigarettes, smoking mixtures, and pipe tobacco. Its products are marketed under the following brands: Royal king Golden king-size, DOS NTC, Elpatron, MayPole, and Jaipur. The company has a presence in southern America, African, and Middle Eastern countries. The company generates revenue from rental income, the sale of cylinder, and FMCG - Cigarettes, where the majority is being generated from the sale of Cigarettes. Geographically the company generates the majority of its revenue from India.
64GF Score
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