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Mulpha International BhdXKLS:3905 +0.34%70 Owner Earnings per Share (TTM) is 0.72 as of Mar. 2026, which is 84% below its 10-year median of 4.59. GuruFocus rates XKLS:3905 with a GF Score™ of 70/100 and a GF Value™ of RM4.55 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 277 Conglomerates companies, Mulpha International Bhd ranks better than 80.51% 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)."
Mulpha International Bhd's Owner Earnings per Share (TTM) ended in Mar. 2026 was RM0.72. It's Price-to-Owner-Earnings ratio for today is 4.04.
The historical rank and industry rank for Mulpha International Bhd's Owner Earnings per Share (TTM) or its related term are showing as below:
XKLS:3905'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.64 Med: 4.59 Max: 19.45
Current: 4.06
XKLS:3905's Price-to-Owner-Earnings is ranked better than 80.51% of 277
companies
in the Conglomerates industry
Industry Median: 11.52
vs XKLS:3905: 4.06
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.
Mulpha International Bhd Owner Earnings per Share (TTM) Related Terms
Mulpha International Bhd Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Mulpha International 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.
Mulpha International Bhd Owner Earnings per Share (TTM) Chart
XKLS:3905 vs MMM, HON: Owner Earnings per Share (TTM) Comparison
For the Conglomerates subindustry, Mulpha International 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.
Mulpha International Bhd Price-to-Owner-Earnings vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Mulpha International Bhd's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Mulpha International 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.
Mulpha International Bhd's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was RM0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = RM192 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.
Mulpha International Bhd's 5-Year Average Maintenance Capital Expenditure = RM192 Mil
5. "Change In Working Capital" is from cashflow statement. Mulpha International Bhd's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was RM-96 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 0.72 mean?
Mulpha International Bhd (XKLS:3905) has a Owner Earnings per Share (TTM) of 0.72 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Mulpha International Bhd. This is 84% below median its historical median of 4.59. Over the past decade, Mulpha International Bhd's Owner Earnings per Share (TTM) has ranged from 1.64 to 19.45. According to the industry distribution chart, Mulpha International Bhd ranks #54 out of 277 companies in the Conglomerates industry, placing it in the top 19.5%.
Is Mulpha International Bhd's Owner Earnings per Share (TTM) too high?
Mulpha International Bhd's current Owner Earnings per Share (TTM) of 0.72 is 84% below median its 10-year median of 4.59. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 19.45. The Conglomerates industry median Owner Earnings per Share (TTM) is 11.52. Mulpha International Bhd's value of 0.72 is 93.8% below this industry median. Based on the distribution chart, Mulpha International Bhd ranks #54 out of 277 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Mulpha International Bhd has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mulpha International Bhd's Owner Earnings per Share (TTM) compare to MMM and HON?
According to the Conglomerates industry distribution chart, Mulpha International Bhd ranks #54 out of 277 companies for Owner Earnings per Share (TTM). This places Mulpha International Bhd in the top 20% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 11.52. Mulpha International Bhd's value of 0.72 is 93.8% below this benchmark. Historically, Mulpha International Bhd's own Owner Earnings per Share (TTM) has ranged from 1.64 to 19.45 over the past decade. While the company's 10-year median is 4.59 vs. the industry median of 11.52, Mulpha International 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 Conglomerates company?
The median Owner Earnings per Share (TTM) among Conglomerates companies is 11.52, based on 277 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. Mulpha International Bhd's current Owner Earnings per Share (TTM) of 0.72 is 93.8% 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 Mulpha International Bhd. For the Conglomerates industry, the median Owner Earnings per Share (TTM) is 11.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mulpha International Bhd's current Owner Earnings per Share (TTM) is 0.72, which is 84% below median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mulpha International Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mulpha International Bhd (XKLS:3905) is currently considered Possible Value Trap. The stock's GF Value™ is RM4.55, compared to a current price of RM2.91 — trading 36% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.72, which is 84% below median its 10-year median of 4.59 and 93.8% below the Conglomerates industry median of 11.52. Mulpha International Bhd's overall GF Score™ is 70/100 with 3 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 Mulpha International Bhd (XKLS:3905), the current Owner Earnings per Share (TTM) is 0.72 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 Mulpha International Bhd (XKLS:3905) Overvalued in 2026?
Based on GuruFocus' analysis, Mulpha International Bhd stock appears to be undervalued.
The current stock price of RM2.91 is trading 36% below its estimated GF Value™ of RM4.55.
GuruFocus considers Mulpha International Bhd to be Possible Value Trap.
Key valuation signals for XKLS:3905:
Owner Earnings per Share (TTM): 0.72 (84% below median its 10-year median of 4.59)
GF Value™: RM4.55 vs. price of RM2.91 (36% below fair value)
Industry Position: 93.8% below the Conglomerates median (#54 of 277)
No single metric tells the full story. See the XKLS:3905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mulpha International Bhd is an investment holding company. The operating segments of the company are Hospitality and Leisure, which derive key revenue, including hotel and service apartment ownership and/or operation, food and beverage operation, entertainment and events; Property Development; Property Investment and Finance that consists of real estate investment, licensed money lending, and financial service provider; and Investment and Others includes investment holding, investment in securities, education and others. Its geographical segments include Australia, Malaysia, and New Zealand, of which Australia derives the maximum revenue.
70GF Score
Get the complete analysis for XKLS:3905
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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