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.
Raytech HoldingRAY -6.87%24 Owner Earnings per Share (TTM) is 0.71 as of Mar. 2025, which is 88% below its 10-year median of 5.91. GuruFocus rates RAY with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 992 Consumer Packaged Goods companies, Raytech Holding ranks better than 90.02% 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)."
Raytech Holding's Owner Earnings per Share (TTM) ended in Mar. 2025 was $0.71. It's Price-to-Owner-Earnings ratio for today is 3.82.
The historical rank and industry rank for Raytech Holding's Owner Earnings per Share (TTM) or its related term are showing as below:
RAY'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.33 Med: 5.91 Max: 65.9
Current: 3.82
RAY's Price-to-Owner-Earnings is ranked better than 90.02% of 992
companies
in the Consumer Packaged Goods industry
Industry Median: 14.65
vs RAY: 3.82
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.
Raytech Holding Owner Earnings per Share (TTM) Related Terms
Raytech Holding Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Raytech Holding'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.
Raytech Holding Owner Earnings per Share (TTM) Chart
RAY vs DQWS, PURE, TANH: Owner Earnings per Share (TTM) Comparison
For the Household & Personal Products subindustry, Raytech Holding'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.
Raytech Holding Price-to-Owner-Earnings vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Raytech Holding's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Raytech Holding'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.
Raytech Holding's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2025 was $0.00 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $0.00 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.
Raytech Holding's 5-Year Average Maintenance Capital Expenditure = $0.00 Mil
5. "Change In Working Capital" is from cashflow statement. Raytech Holding's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2025 was $-0.29 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 0.71 mean?
Raytech Holding (RAY) has a Owner Earnings per Share (TTM) of 0.71 as of Mar. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Raytech Holding. This is 88% below median its historical median of 5.91. Over the past decade, Raytech Holding's Owner Earnings per Share (TTM) has ranged from 2.33 to 65.90. According to the industry distribution chart, Raytech Holding ranks #99 out of 992 companies in the Consumer Packaged Goods industry, placing it in the top 10%.
Is Raytech Holding's Owner Earnings per Share (TTM) too high?
Raytech Holding's current Owner Earnings per Share (TTM) of 0.71 is 88% below median its 10-year median of 5.91. Over the past 10 years, this metric has ranged from a low of 2.33 to a high of 65.90. The Consumer Packaged Goods industry median Owner Earnings per Share (TTM) is 14.65. Raytech Holding's value of 0.71 is 95.2% below this industry median. Based on the distribution chart, Raytech Holding ranks #99 out of 992 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Raytech Holding has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Raytech Holding's Owner Earnings per Share (TTM) compare to DQWS and PURE?
According to the Consumer Packaged Goods industry distribution chart, Raytech Holding ranks #99 out of 992 companies for Owner Earnings per Share (TTM). This places Raytech Holding in the top 10% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 14.65. Raytech Holding's value of 0.71 is 95.2% below this benchmark. Historically, Raytech Holding's own Owner Earnings per Share (TTM) has ranged from 2.33 to 65.90 over the past decade. While the company's 10-year median is 5.91 vs. the industry median of 14.65, Raytech Holding 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 Consumer Packaged Goods company?
The median Owner Earnings per Share (TTM) among Consumer Packaged Goods companies is 14.65, based on 992 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. Raytech Holding's current Owner Earnings per Share (TTM) of 0.71 is 95.2% 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 Raytech Holding. For the Consumer Packaged Goods industry, the median Owner Earnings per Share (TTM) is 14.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raytech Holding's current Owner Earnings per Share (TTM) is 0.71, which is 88% below median its own 10-year median of 5.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raytech Holding stock overvalued right now?
Raytech Holding (RAY) has a current Owner Earnings per Share (TTM) of 0.71. The current Owner Earnings per Share (TTM) is 0.71, which is 88% below median its 10-year median of 5.91 and 95.2% below the Consumer Packaged Goods industry median of 14.65. Raytech Holding's overall GF Score™ is 24/100 with 1 warning sign 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 Raytech Holding (RAY), the current Owner Earnings per Share (TTM) is 0.71 as of Mar. 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.
Raytech Holding Ltd is principally engaged in product designing and manufacturing of various product ranges such as Hair Care, Men's Care and Women's Care products. It has sourced and wholesaled a wide range of personal care electrical appliances, which can be broadly classified into seven categories: hair styling series, including hair dryer, hair straightener and curling iron; trimmer series, including facial shaver, nose trimmer and eyebrow trimmer; eyelash curler; neck care series; nail care series; tooling and other personal care appliances such as body and facial brush, reset brush, callus remover, sonic peeling, handy fan and others. Raytech manufactures products under OEM and ODM.
24GF Score
Get the complete analysis for RAY
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
RAY has been successfully added to your 
