Pakistan Tobacco Co (KAR:PAKT) Cyclically Adjusted PS Ratio: 3.93 (As of Jul. 31, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

KAR:PAKT Pakistan Tobacco Co Ltd KAR:PAKT
93 GF Score
Price ₨1,449.89
GF Value ₨1,516.33
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Pakistan Tobacco Co Cyclically Adjusted PS Ratio?

Pakistan Tobacco Co KAR:PAKT -0.69% 93 Cyclically Adjusted PS Ratio is 3.93 as of Jul. 31, 2026, which is 1% above its 10-year median of 3.91. GuruFocus rates KAR:PAKT with a GF Score™ of 93/100 and a GF Value™ of ₨1,516.33 (Fairly Valued). The stock has 4 warning signs investors should review. Among 34 Tobacco Products companies, Pakistan Tobacco Co ranks worse than 70.59% on this metric.

As of today (2026-07-31), Pakistan Tobacco Co's current share price is ₨1449.89. Pakistan Tobacco Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨368.53. Pakistan Tobacco Co's Cyclically Adjusted PS Ratio for today is 3.93.

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

KAR:PAKT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.32   Med: 3.91   Max: 7.34
Current: 3.85

During the past years, Pakistan Tobacco Co's highest Cyclically Adjusted PS Ratio was 7.34. The lowest was 2.32. And the median was 3.91.

KAR:PAKT's Cyclically Adjusted PS Ratio is ranked worse than
70.59% of 34 companies
in the Tobacco Products industry
Industry Median: 2.07 vs KAR:PAKT: 3.85

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Pakistan Tobacco Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ₨149.112. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₨368.53 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Pakistan Tobacco Co Cyclically Adjusted PS Ratio Related Terms


Pakistan Tobacco Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pakistan Tobacco Co's Cyclically Adjusted PS 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 PS Ratio Chart

Pakistan Tobacco Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.76 4.00 4.09 4.25 4.37

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 PS 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 4.01 3.80 4.72 4.37 3.17

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

For the Tobacco subindustry, Pakistan Tobacco Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Tobacco Products Industry

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

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


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

Pakistan Tobacco Co Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1449.89/368.53
=3.93

* 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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=149.112/330.2130*330.2130
=149.112

Current CPI (Mar. 2026) = 330.2130.

Pakistan Tobacco Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 67.730 241.018 92.795
201609 26.410 241.428 36.122
201612 36.294 241.432 49.640
201703 28.549 243.801 38.668
201706 40.222 244.955 54.221
201709 49.256 246.819 65.898
201712 51.368 246.524 68.806
201803 52.327 249.554 69.240
201806 50.524 251.989 66.208
201809 51.024 252.439 66.744
201812 54.048 251.233 71.039
201903 48.675 254.202 63.230
201906 60.913 256.143 78.527
201909 37.528 256.759 48.264
201912 56.342 256.974 72.400
202003 54.457 258.115 69.668
202006 68.287 257.797 87.469
202009 52.712 260.280 66.875
202012 62.829 260.474 79.651
202103 70.822 264.877 88.291
202106 74.494 271.696 90.538
202109 71.715 274.310 86.330
202112 76.430 278.802 90.524
202203 77.058 287.504 88.505
202206 99.136 296.311 110.479
202209 99.854 296.808 111.092
202212 95.272 296.797 105.999
202303 88.408 301.836 96.720
202306 92.024 305.109 99.596
202309 110.300 307.789 118.336
202312 139.534 306.746 150.209
202403 93.564 312.332 98.921
202406 134.179 314.175 141.029
202409 117.167 315.301 122.708
202412 128.977 315.605 134.947
202503 119.986 319.799 123.893
202506 151.658 322.561 155.256
202509 129.762 324.800 131.925
202512 142.760 324.054 145.473
202603 149.112 330.213 149.112

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 3.93 mean?
Pakistan Tobacco Co (KAR:PAKT) has a Cyclically Adjusted PS Ratio of 3.93 as of Jul. 31, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue 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 3.91. Over the past decade, Pakistan Tobacco Co's Cyclically Adjusted PS Ratio has ranged from 2.32 to 7.34. According to the industry distribution chart, Pakistan Tobacco Co ranks #24 out of 34 companies in the Tobacco Products industry, placing it in the top 70.6%.
Is Pakistan Tobacco Co's Cyclically Adjusted PS Ratio too high?
Pakistan Tobacco Co's current Cyclically Adjusted PS Ratio of 3.93 is near median its 10-year median of 3.91. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 7.34. The Tobacco Products industry median Cyclically Adjusted PS Ratio is 2.07. Pakistan Tobacco Co's value of 3.93 is 89.9% above this industry median. Based on the distribution chart, Pakistan Tobacco Co ranks #24 out of 34 companies in the Tobacco Products industry, which is below the industry midpoint. 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 PS Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, Pakistan Tobacco Co ranks #24 out of 34 companies for Cyclically Adjusted PS Ratio. This places Pakistan Tobacco Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.07. Pakistan Tobacco Co's value of 3.93 is 89.9% above this benchmark. Historically, Pakistan Tobacco Co's own Cyclically Adjusted PS Ratio has ranged from 2.32 to 7.34 over the past decade. While the company's 10-year median is 3.91 vs. the industry median of 2.07, 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 PS Ratio for a Tobacco Products company?
The median Cyclically Adjusted PS Ratio among Tobacco Products companies is 2.07, based on 34 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS 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 PS Ratio of 3.93 is 89.9% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue 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 PS Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan Tobacco Co's current Cyclically Adjusted PS Ratio is 3.93, which is near median its own 10-year median of 3.91. 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 ₨1,516.33, compared to a current price of ₨1,449.89 — trading 4.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.93, which is near median its 10-year median of 3.91 and 89.9% above the Tobacco Products industry median of 2.07. 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Pakistan Tobacco Co (KAR:PAKT), the current Cyclically Adjusted PS Ratio is 3.93 as of Jul. 31, 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 ₨1,449.89 is trading 4.4% below its estimated GF Value™ of ₨1,516.33. GuruFocus considers Pakistan Tobacco Co to be Fairly Valued.

Key valuation signals for KAR:PAKT:

  • Cyclically Adjusted PS Ratio: 3.93 (near median its 10-year median of 3.91)
  • GF Value™: ₨1,516.33 vs. price of ₨1,449.89 (4.4% below fair value)
  • GF Score™: 93/100 with 4 warning signs
  • Industry Position: 89.9% above the Tobacco Products median (#24 of 34)

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

₨1,449.89
Price
₨1,516.33
GF Value