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MN Holdings BhdXKLS:0245 -1.17%77 Owner Earnings per Share (TTM) is 0.12 as of Mar. 2026, which is 99% below its 10-year median of 12.54. GuruFocus rates XKLS:0245 with a GF Score™ of 77/100 and a GF Value™ of RM2.22 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 809 Construction companies, MN Holdings Bhd ranks worse than 73.92% 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)."
MN Holdings Bhd's Owner Earnings per Share (TTM) ended in Mar. 2026 was RM0.12. It's Price-to-Owner-Earnings ratio for today is 28.25.
The historical rank and industry rank for MN Holdings Bhd's Owner Earnings per Share (TTM) or its related term are showing as below:
XKLS:0245'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.4 Med: 12.54 Max: 29.83
Current: 29.83
XKLS:0245's Price-to-Owner-Earnings is ranked worse than 73.92% of 809
companies
in the Construction industry
Industry Median: 13.86
vs XKLS:0245: 29.83
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.
MN Holdings Bhd Owner Earnings per Share (TTM) Related Terms
MN Holdings Bhd Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for MN Holdings Bhd'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.
MN Holdings Bhd Owner Earnings per Share (TTM) Chart
XKLS:0245 vs PWR, FIX, EME: Owner Earnings per Share (TTM) Comparison
For the Engineering & Construction subindustry, MN Holdings Bhd'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.
MN Holdings Bhd Price-to-Owner-Earnings vs Construction Industry
For the Construction industry and Industrials sector, MN Holdings Bhd's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where MN Holdings Bhd'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.
MN Holdings Bhd's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was RM0.0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = RM0.5 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.
MN Holdings Bhd's 5-Year Average Maintenance Capital Expenditure = RM0.5 Mil
5. "Change In Working Capital" is from cashflow statement. MN Holdings Bhd's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was RM-0.1 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 0.12 mean?
MN Holdings Bhd (XKLS:0245) has a Owner Earnings per Share (TTM) of 0.12 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on MN Holdings Bhd. This is 99% below median its historical median of 12.54. Over the past decade, MN Holdings Bhd's Owner Earnings per Share (TTM) has ranged from 8.40 to 29.83. According to the industry distribution chart, MN Holdings Bhd ranks #598 out of 809 companies in the Construction industry, placing it in the top 73.9%.
Is MN Holdings Bhd's Owner Earnings per Share (TTM) too high?
MN Holdings Bhd's current Owner Earnings per Share (TTM) of 0.12 is 99% below median its 10-year median of 12.54. Over the past 10 years, this metric has ranged from a low of 8.40 to a high of 29.83. The Construction industry median Owner Earnings per Share (TTM) is 13.86. MN Holdings Bhd's value of 0.12 is 99.1% below this industry median. Based on the distribution chart, MN Holdings Bhd ranks #598 out of 809 companies in the Construction industry, which is below the industry midpoint. Overall, MN Holdings Bhd has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MN Holdings Bhd's Owner Earnings per Share (TTM) compare to PWR and FIX?
According to the Construction industry distribution chart, MN Holdings Bhd ranks #598 out of 809 companies for Owner Earnings per Share (TTM). This places MN Holdings Bhd in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 13.86. MN Holdings Bhd's value of 0.12 is 99.1% below this benchmark. Historically, MN Holdings Bhd's own Owner Earnings per Share (TTM) has ranged from 8.40 to 29.83 over the past decade. While the company's 10-year median is 12.54 vs. the industry median of 13.86, MN Holdings Bhd 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 Construction company?
The median Owner Earnings per Share (TTM) among Construction companies is 13.86, based on 809 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. MN Holdings Bhd's current Owner Earnings per Share (TTM) of 0.12 is 99.1% 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 MN Holdings Bhd. For the Construction industry, the median Owner Earnings per Share (TTM) is 13.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MN Holdings Bhd's current Owner Earnings per Share (TTM) is 0.12, which is 99% below median its own 10-year median of 12.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MN Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, MN Holdings Bhd (XKLS:0245) is currently considered Significantly Overvalued. The stock's GF Value™ is RM2.22, compared to a current price of RM3.39 — trading 52.7% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.12, which is 99% below median its 10-year median of 12.54 and 99.1% below the Construction industry median of 13.86. MN Holdings Bhd's overall GF Score™ is 77/100 with 6 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 MN Holdings Bhd (XKLS:0245), the current Owner Earnings per Share (TTM) is 0.12 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 MN Holdings Bhd (XKLS:0245) Overvalued in 2026?
Based on GuruFocus' analysis, MN Holdings Bhd stock appears to be overvalued.
The current stock price of RM3.39 is trading 52.7% above its estimated GF Value™ of RM2.22.
GuruFocus considers MN Holdings Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:0245:
Owner Earnings per Share (TTM): 0.12 (99% below median its 10-year median of 12.54)
GF Value™: RM2.22 vs. price of RM3.39 (52.7% above fair value)
Industry Position: 99.1% below the Construction median (#598 of 809)
No single metric tells the full story. See the XKLS:0245 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MN Holdings Bhd is a competent solution provider specializing in infrastructure utilities construction, with a primary focus on the power industry in Malaysia. It offers engineering services and solutions, supported by the necessary machinery, labor, and expertise for successful project execution. The Group mainly serves customers in the power, gas, sewerage, and telecommunications sectors within Malaysia. Its operations are organized into main reportable segments, including underground utilities engineering services and solutions; substation engineering services and solutions, including trading and supplying; and investment holding and management services. The majority of revenue is generated from the substation engineering segment.
77GF Score
Get the complete analysis for XKLS:0245
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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