Honda Atlas Cars Pakistan (KAR:HCAR) Graham Number: ₨371.85 (As of Jun. 2026) — 32235% Above 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:HCAR Honda Atlas Cars Pakistan Ltd KAR:HCAR
59 GF Score
Price ₨244.14
GF Value ₨488.74
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Honda Atlas Cars Pakistan Graham Number?

Honda Atlas Cars Pakistan KAR:HCAR +2.24% 59 Graham Number is ₨371.85 as of Jun. 2026, which is 100% below its 10-year median of 1.15. GuruFocus rates KAR:HCAR with a GF Score™ of 59/100 and a GF Value™ of ₨488.74 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 983 Vehicles & Parts companies, Honda Atlas Cars Pakistan ranks better than 74.87% on this metric.

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2026-08-06), the stock price of Honda Atlas Cars Pakistan is ₨244.14. Honda Atlas Cars Pakistan's graham number for the quarter that ended in Jun. 2026 was ₨371.85. Therefore, Honda Atlas Cars Pakistan's Price to Graham Number ratio for today is 0.66.

The historical rank and industry rank for Honda Atlas Cars Pakistan's Graham Number or its related term are showing as below:

KAR:HCAR' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.51   Med: 1.15   Max: 7.01
Current: 0.66

During the past 13 years, the highest Price to Graham Number ratio of Honda Atlas Cars Pakistan was 7.01. The lowest was 0.51. And the median was 1.15.

KAR:HCAR's Price-to-Graham-Number is ranked better than
74.87% of 983 companies
in the Vehicles & Parts industry
Industry Median: 1.18 vs KAR:HCAR: 0.66

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Honda Atlas Cars Pakistan  (KAR:HCAR) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

Honda Atlas Cars Pakistan's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=244.14/371.85
=0.66

* 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.


Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.


Honda Atlas Cars Pakistan Graham Number Related Terms


Honda Atlas Cars Pakistan Graham Number Historical Data

* Premium members only.

The historical data trend for Honda Atlas Cars Pakistan's Graham Number 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.

Honda Atlas Cars Pakistan Graham Number Chart

Honda Atlas Cars Pakistan Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 210.23 0.00 177.66 256.84 289.36

Honda Atlas Cars Pakistan Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Graham Number 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 285.64 309.73 318.32 294.64 371.85

KAR:HCAR vs TSLA, GM, F: Graham Number Comparison

For the Auto Manufacturers subindustry, Honda Atlas Cars Pakistan's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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.


Honda Atlas Cars Pakistan Price-to-Graham-Number vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Honda Atlas Cars Pakistan's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Honda Atlas Cars Pakistan's Price-to-Graham-Number falls into.


KAR:HCAR
59GF Score
Honda Atlas Cars Pakistan Ltd KAR:HCAR
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Honda Atlas Cars Pakistan Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Honda Atlas Cars Pakistan's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*170.424*21.835)
=289.36

Honda Atlas Cars Pakistan's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*179.429*34.25)
=371.85

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of ₨371.85 mean?
Honda Atlas Cars Pakistan (KAR:HCAR) has a Graham Number of ₨371.85 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Honda Atlas Cars Pakistan and its competitors. This is 32235% above median its historical median of 1.15. Over the past decade, Honda Atlas Cars Pakistan's Graham Number has ranged from 0.51 to 7.01. According to the industry distribution chart, Honda Atlas Cars Pakistan ranks #247 out of 983 companies in the Vehicles & Parts industry, placing it in the top 25.1%.
Is Honda Atlas Cars Pakistan's Graham Number too high?
Honda Atlas Cars Pakistan's current Graham Number of ₨371.85 is 32235% above median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 7.01. Based on the distribution chart, Honda Atlas Cars Pakistan ranks #247 out of 983 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Honda Atlas Cars Pakistan has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honda Atlas Cars Pakistan's Graham Number compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Honda Atlas Cars Pakistan ranks #247 out of 983 companies for Graham Number. This puts Honda Atlas Cars Pakistan in the upper half of its industry. The industry median Graham Number is 1.18. Historically, Honda Atlas Cars Pakistan's own Graham Number has ranged from 0.51 to 7.01 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.18, based on 983 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Honda Atlas Cars Pakistan and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honda Atlas Cars Pakistan's current Graham Number is ₨371.85, which is 32235% above median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda Atlas Cars Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Honda Atlas Cars Pakistan (KAR:HCAR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₨488.74, compared to a current price of ₨244.14 — trading 50% below its estimated fair value. The current Graham Number is ₨371.85, which is 32235% above median its 10-year median of 1.15. Honda Atlas Cars Pakistan's overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Honda Atlas Cars Pakistan (KAR:HCAR), the current Graham Number is ₨371.85 as of Jun. 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 Honda Atlas Cars Pakistan (KAR:HCAR) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Atlas Cars Pakistan stock appears to be undervalued. The current stock price of ₨244.14 is trading 50% below its estimated GF Value™ of ₨488.74. GuruFocus considers Honda Atlas Cars Pakistan to be Significantly Undervalued.

Key valuation signals for KAR:HCAR:

  • Graham Number: ₨371.85 (32235% above median its 10-year median of 1.15)
  • GF Value™: ₨488.74 vs. price of ₨244.14 (50% below fair value)
  • GF Score™: 59/100 with 1 warning sign

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


Honda Atlas Cars Pakistan Business Description

Address 1-Mcleod Road, Lahore, PB, PAK
Honda Atlas Cars Pakistan Ltd is engaged in assembling and progressive manufacturing and sale of Honda vehicles and spare parts. Its segments include the Manufacturing and Trading segment. The manufacturing segment relates to the sale of locally manufactured cars and parts, and the Trading segment relates to the trading of completely built units (CBUs) and parts. It offers car models, such as the Honda Accord, Honda CR-V, Honda CR-Z, Honda HR-V, and Honda City in various colors with technology features. Honda derives the majority of its revenue from the Manufacturing segment. Geographically, it operates in Pakistan, Thailand, and Japan.
59GF Score

Get the complete analysis for KAR:HCAR

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

₨244.14
Price
₨488.74
GF Value