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MF Banka ADXBLB:IEFB-R-A Owner Earnings per Share (TTM) is 35.26 as of Dec. 2025, which is 454% above its 10-year median of 6.36. The stock has 2 warning signs investors should review.
"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)."
MF Banka AD's Owner Earnings per Share (TTM) ended in Dec. 2025 was BAM35.26. It's Price-to-Owner-Earnings ratio for today is 4.96.
The historical rank and industry rank for MF Banka AD's Owner Earnings per Share (TTM) or its related term are showing as below:
XBLB:IEFB-R-A'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.48 Med: 6.36 Max: 10.06
Current: 4.96
During the past 13 years, the highestPrice-to-Owner-Earnings ratio of MF Banka AD was 10.06. The lowest was 2.48. And the median was 6.36.
XBLB:IEFB-R-A's Price-to-Owner-Earnings is not ranked
in the Banks industry.
Industry Median: 10.37
vs XBLB:IEFB-R-A: 4.96
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.
MF Banka AD Owner Earnings per Share (TTM) Related Terms
MF Banka AD Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for MF Banka AD'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.
XBLB:IEFB-R-A vs USB, PNC: Owner Earnings per Share (TTM) Comparison
For the Banks - Regional subindustry, MF Banka AD'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.
MF Banka AD Price-to-Owner-Earnings vs Banks Industry
For the Banks industry and Financial Services sector, MF Banka AD's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where MF Banka AD'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.
MF Banka AD's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was BAM0.00 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = BAM0.40 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.
MF Banka AD's 5-Year Average Maintenance Capital Expenditure = BAM0.40 Mil
5. "Change In Working Capital" is from cashflow statement. MF Banka AD's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was BAM0.00 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 35.26 mean?
MF Banka AD (XBLB:IEFB-R-A) has a Owner Earnings per Share (TTM) of 35.26 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on MF Banka AD. This is 454% above median its historical median of 6.36. Over the past decade, MF Banka AD's Owner Earnings per Share (TTM) has ranged from 2.48 to 10.06.
Is MF Banka AD's Owner Earnings per Share (TTM) too high?
MF Banka AD's current Owner Earnings per Share (TTM) of 35.26 is 454% above median its 10-year median of 6.36. Over the past 10 years, this metric has ranged from a low of 2.48 to a high of 10.06. The Banks industry median Owner Earnings per Share (TTM) is 10.37. MF Banka AD's value of 35.26 is 240% above this industry median.
How does MF Banka AD's Owner Earnings per Share (TTM) compare to USB and PNC?
MF Banka AD's Owner Earnings per Share (TTM) of 35.26 can be compared against companies in the Banks industry. The industry median Owner Earnings per Share (TTM) is 10.37. MF Banka AD's value of 35.26 is 240% above this benchmark. Historically, MF Banka AD's own Owner Earnings per Share (TTM) has ranged from 2.48 to 10.06 over the past decade. While the company's 10-year median is 6.36 vs. the industry median of 10.37, MF Banka AD 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 Banks company?
The median Owner Earnings per Share (TTM) among Banks companies is 10.37, based on 1,039 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. MF Banka AD's current Owner Earnings per Share (TTM) of 35.26 is 240% 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 MF Banka AD. For the Banks industry, the median Owner Earnings per Share (TTM) is 10.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MF Banka AD's current Owner Earnings per Share (TTM) is 35.26, which is 454% above median its own 10-year median of 6.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MF Banka AD stock overvalued right now?
MF Banka AD (XBLB:IEFB-R-A) has a current Owner Earnings per Share (TTM) of 35.26. The stock's GF Value™ is BAM108.56, compared to a current price of BAM174.82 — trading 61% above its estimated fair value. The current Owner Earnings per Share (TTM) is 35.26, which is 454% above median its 10-year median of 6.36 and 240% above the Banks industry median of 10.37. 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 MF Banka AD (XBLB:IEFB-R-A), the current Owner Earnings per Share (TTM) is 35.26 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.
MF Banka AD provides is a regional bank engaged in providing banking products and services. The bank is licensed to perform banking activities that include payment transfers, crediting, and depositary operations in the country and abroad. It offers savings products, loans, payment services, deposit and documentary operations services, cards, electronic and mobile banking, SMS, and ATM services. Geographically, it operates in the region of Bosnia and Herzegovina and serves individuals, businesses, and small and medium-sized enterprises.
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