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V.S Industry BhdXKLS:6963 +4.35%36 Owner Earnings per Share (TTM) is 0.11 as of Apr. 2026, which is 99% below its 10-year median of 14.71. GuruFocus rates XKLS:6963 with a GF Score™ of 36/100 and a GF Value™ of RM0.69 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,061 Hardware companies, V.S Industry Bhd ranks better than 96.51% 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)."
V.S Industry Bhd's Owner Earnings per Share (TTM) ended in Apr. 2026 was RM0.11. It's Price-to-Owner-Earnings ratio for today is 2.18.
The historical rank and industry rank for V.S Industry Bhd's Owner Earnings per Share (TTM) or its related term are showing as below:
XKLS:6963'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.82 Med: 14.71 Max: 36.75
Current: 2.24
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.
V.S Industry Bhd Owner Earnings per Share (TTM) Related Terms
V.S Industry Bhd Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for V.S Industry 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.
V.S Industry Bhd Owner Earnings per Share (TTM) Chart
XKLS:6963 vs APH, GLW, TEL: Owner Earnings per Share (TTM) Comparison
For the Electronic Components subindustry, V.S Industry 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.
V.S Industry Bhd Price-to-Owner-Earnings vs Hardware Industry
For the Hardware industry and Technology sector, V.S Industry Bhd's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where V.S Industry 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.
V.S Industry Bhd's Change In Deferred Tax for the trailing twelve months (TTM) ended in Apr. 2026 was RM0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = RM173 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.
V.S Industry Bhd's 5-Year Average Maintenance Capital Expenditure = RM173 Mil
5. "Change In Working Capital" is from cashflow statement. V.S Industry Bhd's Change In Working Capital for the trailing twelve months (TTM) ended in Apr. 2026 was RM512 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 0.11 mean?
V.S Industry Bhd (XKLS:6963) has a Owner Earnings per Share (TTM) of 0.11 as of Apr. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on V.S Industry Bhd. This is 99% below median its historical median of 14.71. Over the past decade, V.S Industry Bhd's Owner Earnings per Share (TTM) has ranged from 1.82 to 36.75. According to the industry distribution chart, V.S Industry Bhd ranks #37 out of 1061 companies in the Hardware industry, placing it in the top 3.5%.
Is V.S Industry Bhd's Owner Earnings per Share (TTM) too high?
V.S Industry Bhd's current Owner Earnings per Share (TTM) of 0.11 is 99% below median its 10-year median of 14.71. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 36.75. The Hardware industry median Owner Earnings per Share (TTM) is 28.21. V.S Industry Bhd's value of 0.11 is 99.6% below this industry median. Based on the distribution chart, V.S Industry Bhd ranks #37 out of 1061 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, V.S Industry Bhd has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does V.S Industry Bhd's Owner Earnings per Share (TTM) compare to APH and GLW?
According to the Hardware industry distribution chart, V.S Industry Bhd ranks #37 out of 1061 companies for Owner Earnings per Share (TTM). This places V.S Industry Bhd in the top 4% of its industry — outperforming the majority of peers. The industry median Owner Earnings per Share (TTM) is 28.21. V.S Industry Bhd's value of 0.11 is 99.6% below this benchmark. Historically, V.S Industry Bhd's own Owner Earnings per Share (TTM) has ranged from 1.82 to 36.75 over the past decade. While the company's 10-year median is 14.71 vs. the industry median of 28.21, V.S Industry 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 Hardware company?
The median Owner Earnings per Share (TTM) among Hardware companies is 28.21, based on 1,061 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. V.S Industry Bhd's current Owner Earnings per Share (TTM) of 0.11 is 99.6% 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 V.S Industry Bhd. For the Hardware industry, the median Owner Earnings per Share (TTM) is 28.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V.S Industry Bhd's current Owner Earnings per Share (TTM) is 0.11, which is 99% below median its own 10-year median of 14.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V.S Industry Bhd stock overvalued right now?
Based on GuruFocus' analysis, V.S Industry Bhd (XKLS:6963) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.69, compared to a current price of RM0.24 — trading 65.2% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.11, which is 99% below median its 10-year median of 14.71 and 99.6% below the Hardware industry median of 28.21. V.S Industry Bhd's overall GF Score™ is 36/100 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 V.S Industry Bhd (XKLS:6963), the current Owner Earnings per Share (TTM) is 0.11 as of Apr. 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 V.S Industry Bhd (XKLS:6963) Overvalued in 2026?
Based on GuruFocus' analysis, V.S Industry Bhd stock appears to be undervalued.
The current stock price of RM0.24 is trading 65.2% below its estimated GF Value™ of RM0.69.
GuruFocus considers V.S Industry Bhd to be Possible Value Trap.
Key valuation signals for XKLS:6963:
Owner Earnings per Share (TTM): 0.11 (99% below median its 10-year median of 14.71)
GF Value™: RM0.69 vs. price of RM0.24 (65.2% below fair value)
Industry Position: 99.6% below the Hardware median (#37 of 1061)
No single metric tells the full story. See the XKLS:6963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
V.S Industry Bhd is engaged in the manufacturing, assembling and sale of electronic and electrical products and plastic moulded components and parts, and operates as an Electronics Manufacturing Services (EMS) provider. Its manufacturing services include plastic injection mould design and moulding, printed circuit board production, automated assembly, and packaging and logistics. The Group operates in two segments: Malaysia, covering manufacturing, assembling and sales based in Malaysia with branches in Singapore and the Philippines; and Indonesia, involving assembly, sales and injection moulding activities. Geographically, the Group derives a majority of its revenue from Malaysia and also has a presence in the United States of America, Europe, Singapore, the PRC, and other regions.
36GF Score
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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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