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.
Velesto Energy BhdXKLS:5243 -3.92%57 Owner Earnings per Share (TTM) is 0.03 as of Mar. 2026, which is 100% below its 10-year median of 7.78. GuruFocus rates XKLS:5243 with a GF Score™ of 57/100 and a GF Value™ of RM0.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 460 Oil & Gas companies, Velesto Energy Bhd ranks better than 58.7% 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)."
Velesto Energy Bhd's Owner Earnings per Share (TTM) ended in Mar. 2026 was RM0.03. It's Price-to-Owner-Earnings ratio for today is 8.17.
The historical rank and industry rank for Velesto Energy Bhd's Owner Earnings per Share (TTM) or its related term are showing as below:
XKLS:5243'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.39 Med: 7.78 Max: 72.5
Current: 8.75
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.
Velesto Energy Bhd Owner Earnings per Share (TTM) Related Terms
Velesto Energy Bhd Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Velesto Energy 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.
Velesto Energy Bhd Owner Earnings per Share (TTM) Chart
XKLS:5243 vs NE, RIG, VAL: Owner Earnings per Share (TTM) Comparison
For the Oil & Gas Drilling subindustry, Velesto Energy 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.
Velesto Energy Bhd Price-to-Owner-Earnings vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Velesto Energy Bhd's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Velesto Energy 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)."
1. Start with "Net Income" from income statement. Velesto Energy Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM177.4 Mil.
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.
Velesto Energy 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 = RM152.8 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.
Velesto Energy Bhd's 5-Year Average Maintenance Capital Expenditure = RM152.8 Mil
5. "Change In Working Capital" is from cashflow statement. Velesto Energy Bhd's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was RM-1.8 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 0.03 mean?
Velesto Energy Bhd (XKLS:5243) has a Owner Earnings per Share (TTM) of 0.03 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Velesto Energy Bhd. This is 100% below median its historical median of 7.78. Over the past decade, Velesto Energy Bhd's Owner Earnings per Share (TTM) has ranged from 1.39 to 72.50. According to the industry distribution chart, Velesto Energy Bhd ranks #190 out of 460 companies in the Oil & Gas industry, placing it in the top 41.3%.
Is Velesto Energy Bhd's Owner Earnings per Share (TTM) too high?
Velesto Energy Bhd's current Owner Earnings per Share (TTM) of 0.03 is 100% below median its 10-year median of 7.78. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 72.50. The Oil & Gas industry median Owner Earnings per Share (TTM) is 10.81. Velesto Energy Bhd's value of 0.03 is 99.7% below this industry median. Based on the distribution chart, Velesto Energy Bhd ranks #190 out of 460 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Velesto Energy Bhd has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Velesto Energy Bhd's Owner Earnings per Share (TTM) compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Velesto Energy Bhd ranks #190 out of 460 companies for Owner Earnings per Share (TTM). This puts Velesto Energy Bhd in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 10.81. Velesto Energy Bhd's value of 0.03 is 99.7% below this benchmark. Historically, Velesto Energy Bhd's own Owner Earnings per Share (TTM) has ranged from 1.39 to 72.50 over the past decade. While the company's 10-year median is 7.78 vs. the industry median of 10.81, Velesto Energy 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 an Oil & Gas company?
The median Owner Earnings per Share (TTM) among Oil & Gas companies is 10.81, based on 460 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. Velesto Energy Bhd's current Owner Earnings per Share (TTM) of 0.03 is 99.7% 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 Velesto Energy Bhd. For the Oil & Gas industry, the median Owner Earnings per Share (TTM) is 10.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Velesto Energy Bhd's current Owner Earnings per Share (TTM) is 0.03, which is 100% below median its own 10-year median of 7.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Velesto Energy Bhd stock overvalued right now?
Based on GuruFocus' analysis, Velesto Energy Bhd (XKLS:5243) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.18, compared to a current price of RM0.25 — trading 36.1% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.03, which is 100% below median its 10-year median of 7.78 and 99.7% below the Oil & Gas industry median of 10.81. Velesto Energy Bhd's overall GF Score™ is 57/100 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 Velesto Energy Bhd (XKLS:5243), the current Owner Earnings per Share (TTM) is 0.03 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 Velesto Energy Bhd (XKLS:5243) Overvalued in 2026?
Based on GuruFocus' analysis, Velesto Energy Bhd stock appears to be overvalued.
The current stock price of RM0.25 is trading 36.1% above its estimated GF Value™ of RM0.18.
GuruFocus considers Velesto Energy Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5243:
Owner Earnings per Share (TTM): 0.03 (100% below median its 10-year median of 7.78)
GF Value™: RM0.18 vs. price of RM0.25 (36.1% above fair value)
Industry Position: 99.7% below the Oil & Gas median (#190 of 460)
No single metric tells the full story. See the XKLS:5243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Velesto Energy Bhd is a Malaysia-based company that provides services to the oil and gas industry. It is engaged in the provision of drilling services for exploration, development, and production wells and workover services to the upstream sector of the oil and gas industry. It is also engaged in the provision of threading, inspection, and repair services for Oil Country Tubular Goods in Malaysia and overseas. The company operates under two segments, namely drilling services and others. The company has a geographical presence in Malaysia and other countries.
57GF Score
Get the complete analysis for XKLS:5243
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
XKLS:5243 has been successfully added to your 
