Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). National Refinery's share price for the quarter that ended in Mar. 2026 was ₨291.18. National Refinery's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 80 Mil. Therefore, National Refinery's market cap for the quarter that ended in Mar. 2026 was ₨23,285 Mil.
National Refinery's quarterly market cap
increased
from Sep. 2025 (₨29,947 Mil) to Dec. 2025 (₨32,898 Mil) but then
declined
from Dec. 2025 (₨32,898 Mil) to Mar. 2026 (₨23,285 Mil).
National Refinery's annual market cap
increased
from Jun. 2023 (₨11,995 Mil) to Jun. 2024 (₨21,230 Mil) but then
declined
from Jun. 2024 (₨21,230 Mil) to Jun. 2025 (₨19,461 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. National Refinery's Enterprise Value for Today is ₨82,162 Mil.
National Refinery (KAR:NRL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
National Refinery Market Cap Related Terms
National Refinery Market Cap Historical Data
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The historical data trend for National Refinery's Market Cap 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.
For the Oil & Gas Refining & Marketing subindustry, National Refinery's Market Cap, along with its competitors' market caps and Market Cap 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.
National Refinery Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Refinery's Market Cap distribution charts can be found below:
* The bar in red indicates where National Refinery's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
National Refinery's Market Cap for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
National Refinery (KAR:NRL) has a Market Cap of ₨28,987 Mil as of Jul. 01, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on National Refinery and its competitors. According to the industry distribution chart, National Refinery ranks #612 out of 1044 companies in the Oil & Gas industry, placing it in the top 58.6%.
Is National Refinery's Market Cap too high?
National Refinery's current Market Cap is ₨28,987 Mil. Based on the distribution chart, National Refinery ranks #612 out of 1044 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, National Refinery has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Refinery's Market Cap compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, National Refinery ranks #612 out of 1044 companies for Market Cap. This places National Refinery in the lower half of its industry. The industry median Market Cap is 211.17. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 211.17, based on 1,044 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on National Refinery and its competitors. For the Oil & Gas industry, the median Market Cap is 211.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Refinery's current Market Cap is ₨28,987 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Refinery stock overvalued right now?
Based on GuruFocus' analysis, National Refinery (KAR:NRL) is currently considered Fairly Valued. The stock's GF Value™ is ₨330.98, compared to a current price of ₨362.49 — trading 9.5% above its estimated fair value. The current Market Cap is ₨28,987 Mil. National Refinery's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current Market Cap is ₨28,987 Mil as of Jul. 01, 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 National Refinery (KAR:NRL) Overvalued in 2026?
Based on GuruFocus' analysis, National Refinery stock appears to be overvalued.
The current stock price of ₨362.49 is trading 9.5% above its estimated GF Value™ of ₨330.98.
GuruFocus considers National Refinery to be Fairly Valued.
Key valuation signals for KAR:NRL:
Market Cap: ₨28,987 Mil
GF Value™: ₨330.98 vs. price of ₨362.49 (9.5% above fair value)
No single metric tells the full story. See the KAR:NRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Refinery Ltd is a Pakistan-based company engaged in manufacturing and supplying fuel products, lubes, BTX, asphalts and specialty products for domestic consumption and export. It is also involved in the crude oil refining business. The company operates through two segments namely Fuel and Lube. The Fuel segment, which is the key revenue driver, is engaged in the production of high-speed diesel, naphtha, motor gasoline, liquefied petroleum gas, jet fuels, and furnace oil. The Lube segment produces multiple grades of lube base oils, bitumen, waxes and rubber process oil and some quantities of other fuel products. It derives maximum revenue from Fuel Segment.
68GF Score
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