Pakistan Tobacco Co (KAR:PAKT) Cyclically Adjusted PB Ratio: 11.42 (As of Aug. 07, 2026) — Near Median

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KAR:PAKT Pakistan Tobacco Co Ltd KAR:PAKT
93 GF Score
Price ₨1,455.38
GF Value ₨1,520.06
Valuation Fairly Valued
! 4 Warning Signs
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What is Pakistan Tobacco Co Cyclically Adjusted PB Ratio?

Pakistan Tobacco Co KAR:PAKT -0.06% 93 Cyclically Adjusted PB Ratio is 11.42 as of Aug. 07, 2026, which is 4% below its 10-year median of 11.86. GuruFocus rates KAR:PAKT with a GF Score™ of 93/100 and a GF Value™ of ₨1,520.06 (Fairly Valued). The stock has 4 warning signs investors should review. Among 28 Tobacco Products companies, Pakistan Tobacco Co ranks worse than 92.86% on this metric.

As of today (2026-08-07), Pakistan Tobacco Co's current share price is ₨1455.38. Pakistan Tobacco Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨127.49. Pakistan Tobacco Co's Cyclically Adjusted PB Ratio for today is 11.42.

The historical rank and industry rank for Pakistan Tobacco Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

KAR:PAKT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.78   Med: 11.86   Max: 25.52
Current: 11.13

During the past years, Pakistan Tobacco Co's highest Cyclically Adjusted PB Ratio was 25.52. The lowest was 7.78. And the median was 11.86.

KAR:PAKT's Cyclically Adjusted PB Ratio is ranked worse than
92.86% of 28 companies
in the Tobacco Products industry
Industry Median: 2.475 vs KAR:PAKT: 11.13

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Pakistan Tobacco Co's adjusted book value per share data for the three months ended in Mar. 2026 was ₨188.267. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₨127.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pakistan Tobacco Co  (KAR:PAKT) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Pakistan Tobacco Co Cyclically Adjusted PB Ratio Related Terms


Pakistan Tobacco Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pakistan Tobacco Co's Cyclically Adjusted PB Ratio 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.

Pakistan Tobacco Co Cyclically Adjusted PB Ratio Chart

Pakistan Tobacco Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.55 13.43 13.18 12.61 12.61

Pakistan Tobacco Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.72 11.00 13.63 12.61 9.15

KAR:PAKT vs PM, MO, TPB: Cyclically Adjusted PB Ratio Comparison

For the Tobacco subindustry, Pakistan Tobacco Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


Pakistan Tobacco Co Cyclically Adjusted PB Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Pakistan Tobacco Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pakistan Tobacco Co's Cyclically Adjusted PB Ratio falls into.


KAR:PAKT
93GF Score
Pakistan Tobacco Co Ltd KAR:PAKT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pakistan Tobacco Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Pakistan Tobacco Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1455.38/127.49
=11.42

* 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.

Pakistan Tobacco Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pakistan Tobacco Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=188.267/330.2130*330.2130
=188.267

Current CPI (Mar. 2026) = 330.2130.

Pakistan Tobacco Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 50.250 241.018 68.846
201609 48.939 241.428 66.936
201612 50.790 241.432 69.467
201703 56.722 243.801 76.826
201706 51.440 244.955 69.344
201709 66.229 246.819 88.606
201712 66.190 246.524 88.660
201803 80.477 249.554 106.488
201806 71.023 251.989 93.070
201809 75.573 252.439 98.856
201812 69.534 251.233 91.393
201903 80.463 254.202 104.523
201906 75.141 256.143 96.870
201909 73.616 256.759 94.676
201912 71.590 256.974 91.994
202003 82.630 258.115 105.711
202006 78.393 257.797 100.414
202009 77.976 260.280 98.927
202012 76.373 260.474 96.821
202103 93.967 264.877 117.145
202106 85.351 271.696 103.734
202109 77.960 274.310 93.848
202112 70.347 278.802 83.319
202203 89.472 287.504 102.763
202206 75.663 296.311 84.320
202209 98.036 296.808 109.070
202212 104.207 296.797 115.940
202303 130.603 301.836 142.882
202306 147.425 305.109 159.555
202309 186.154 307.789 199.716
202312 200.847 306.746 216.212
202403 223.911 312.332 236.730
202406 219.229 314.175 230.420
202409 195.789 315.301 205.049
202412 204.662 315.605 214.135
202503 200.599 319.799 207.131
202506 207.224 322.561 212.140
202509 178.336 324.800 181.308
202512 183.816 324.054 187.310
202603 188.267 330.213 188.267

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 11.42 mean?
Pakistan Tobacco Co (KAR:PAKT) has a Cyclically Adjusted PB Ratio of 11.42 as of Aug. 07, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Pakistan Tobacco Co and its competitors. This is near median its historical median of 11.86. Over the past decade, Pakistan Tobacco Co's Cyclically Adjusted PB Ratio has ranged from 7.78 to 25.52. According to the industry distribution chart, Pakistan Tobacco Co ranks #26 out of 28 companies in the Tobacco Products industry, placing it in the top 92.9%.
Is Pakistan Tobacco Co's Cyclically Adjusted PB Ratio too high?
Pakistan Tobacco Co's current Cyclically Adjusted PB Ratio of 11.42 is near median its 10-year median of 11.86. Over the past 10 years, this metric has ranged from a low of 7.78 to a high of 25.52. The Tobacco Products industry median Cyclically Adjusted PB Ratio is 2.48. Pakistan Tobacco Co's value of 11.42 is 361.4% above this industry median. Based on the distribution chart, Pakistan Tobacco Co ranks #26 out of 28 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Pakistan Tobacco Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pakistan Tobacco Co's Cyclically Adjusted PB Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, Pakistan Tobacco Co ranks #26 out of 28 companies for Cyclically Adjusted PB Ratio. This places Pakistan Tobacco Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.48. Pakistan Tobacco Co's value of 11.42 is 361.4% above this benchmark. Historically, Pakistan Tobacco Co's own Cyclically Adjusted PB Ratio has ranged from 7.78 to 25.52 over the past decade. While the company's 10-year median is 11.86 vs. the industry median of 2.48, Pakistan Tobacco Co 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 Cyclically Adjusted PB Ratio for a Tobacco Products company?
The median Cyclically Adjusted PB Ratio among Tobacco Products companies is 2.48, based on 28 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pakistan Tobacco Co's current Cyclically Adjusted PB Ratio of 11.42 is 361.4% 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 Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Pakistan Tobacco Co and its competitors. For the Tobacco Products industry, the median Cyclically Adjusted PB Ratio is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan Tobacco Co's current Cyclically Adjusted PB Ratio is 11.42, which is near median its own 10-year median of 11.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan Tobacco Co stock overvalued right now?
Based on GuruFocus' analysis, Pakistan Tobacco Co (KAR:PAKT) is currently considered Fairly Valued. The stock's GF Value™ is ₨1,520.06, compared to a current price of ₨1,455.38 — trading 4.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.42, which is near median its 10-year median of 11.86 and 361.4% above the Tobacco Products industry median of 2.48. Pakistan Tobacco Co's overall GF Score™ is 93/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Pakistan Tobacco Co (KAR:PAKT), the current Cyclically Adjusted PB Ratio is 11.42 as of Aug. 07, 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 Pakistan Tobacco Co (KAR:PAKT) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan Tobacco Co stock appears to be undervalued. The current stock price of ₨1,455.38 is trading 4.3% below its estimated GF Value™ of ₨1,520.06. GuruFocus considers Pakistan Tobacco Co to be Fairly Valued.

Key valuation signals for KAR:PAKT:

  • Cyclically Adjusted PB Ratio: 11.42 (near median its 10-year median of 11.86)
  • GF Value™: ₨1,520.06 vs. price of ₨1,455.38 (4.3% below fair value)
  • GF Score™: 93/100 with 4 warning signs
  • Industry Position: 361.4% above the Tobacco Products median (#26 of 28)

No single metric tells the full story. See the KAR:PAKT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pakistan Tobacco Co Business Description

Address Khayaban-e-Suhrwardy, P.O. Box 2549, Serena Business Complex, Islamabad, PAK, 44000
Pakistan Tobacco Co Ltd is engaged in the manufacturing and distribution of cigarettes, tobacco, VELO, and VUSE. Its products are marketed through brands like Dunhill, Gold Flake, John Player, Embassy, Capstan, and others. Geographically, the company generates a majority of its revenue from its domestic market and also exports its products to other countries.
93GF Score

Get the complete analysis for KAR:PAKT

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨1,455.38
Price
₨1,520.06
GF Value