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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)."
Kuo Toong International Co's Owner Earnings per Share (TTM) ended in Jun. 2026 was NT$1.01. It's Price-to-Owner-Earnings ratio for today is 51.58.
The historical rank and industry rank for Kuo Toong International Co's Owner Earnings per Share (TTM) or its related term are showing as below:
ROCO:8936'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.57 Med: 33.76 Max: 325.42
Current: 50.15
ROCO:8936's Price-to-Owner-Earnings is ranked worse than 85.33% of 811
companies
in the Construction industry
Industry Median: 13.38
vs ROCO:8936: 50.15
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.
Kuo Toong International Co Owner Earnings per Share (TTM) Related Terms
Kuo Toong International Co Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Kuo Toong International 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.
Kuo Toong International Co Owner Earnings per Share (TTM) Chart
ROCO:8936 vs TT, JCI, CARR: Owner Earnings per Share (TTM) Comparison
For the Building Products & Equipment subindustry, Kuo Toong International 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.
Kuo Toong International Co Price-to-Owner-Earnings vs Construction Industry
For the Construction industry and Industrials sector, Kuo Toong International Co's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Kuo Toong International 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.
Kuo Toong International Co's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jun. 2026 was NT$0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = NT$160 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.
Kuo Toong International Co's 5-Year Average Maintenance Capital Expenditure = NT$160 Mil
5. "Change In Working Capital" is from cashflow statement. Kuo Toong International Co's Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2026 was NT$-815 Mil.
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 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 1.01 mean?
Kuo Toong International Co (ROCO:8936) has a Owner Earnings per Share (TTM) of 1.01 as of Jun. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Kuo Toong International Co. According to the industry distribution chart, Kuo Toong International Co ranks #692 out of 811 companies in the Construction industry, placing it in the top 85.3%.
Is Kuo Toong International Co's Owner Earnings per Share (TTM) too high?
Kuo Toong International Co's current Owner Earnings per Share (TTM) is 1.01. The Construction industry median Owner Earnings per Share (TTM) is 13.38. Kuo Toong International Co's value of 1.01 is 92.5% below this industry median. Based on the distribution chart, Kuo Toong International Co ranks #692 out of 811 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kuo Toong International Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kuo Toong International Co's Owner Earnings per Share (TTM) compare to TT and JCI?
According to the Construction industry distribution chart, Kuo Toong International Co ranks #692 out of 811 companies for Owner Earnings per Share (TTM). This places Kuo Toong International Co in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 13.38. Kuo Toong International Co's value of 1.01 is 92.5% below this benchmark. 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 Construction company?
The median Owner Earnings per Share (TTM) among Construction companies is 13.38, based on 811 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. Kuo Toong International Co's current Owner Earnings per Share (TTM) of 1.01 is 92.5% 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 Kuo Toong International Co. For the Construction industry, the median Owner Earnings per Share (TTM) is 13.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuo Toong International Co's current Owner Earnings per Share (TTM) is 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuo Toong International Co stock overvalued right now?
Based on GuruFocus' analysis, Kuo Toong International Co (ROCO:8936) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$73.82, compared to a current price of NT$52.10 — trading 29.4% below its estimated fair value. The current Owner Earnings per Share (TTM) is 1.01 and 92.5% below the Construction industry median of 13.38. Kuo Toong International Co's overall GF Score™ is 89/100 with 2 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 Kuo Toong International Co (ROCO:8936), the current Owner Earnings per Share (TTM) is 1.01 as of Jun. 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 Kuo Toong International Co (ROCO:8936) Overvalued in 2026?
Based on GuruFocus' analysis, Kuo Toong International Co stock appears to be undervalued.
The current stock price of NT$52.10 is trading 29.4% below its estimated GF Value™ of NT$73.82.
GuruFocus considers Kuo Toong International Co to be Modestly Undervalued.
Key valuation signals for ROCO:8936:
Owner Earnings per Share (TTM): 1.01
GF Value™: NT$73.82 vs. price of NT$52.10 (29.4% below fair value)
Industry Position: 92.5% below the Construction median (#692 of 811)
No single metric tells the full story. See the ROCO:8936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kuo Toong International Co Ltd is engaged in the manufacturing and trading of various prestressed concrete pipes, straight steel pipes, propelling steel pipes, ductile iron pipes, cement products, and spare parts. In addition, it is also involved in assembling and embedding various water pipes and spare parts. The group has three reportable operating segments, which are Kuo Toong, which derives maximum revenue, Kuo Yang, and Other.
89GF Score
Get the complete analysis for ROCO:8936
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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