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.
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.
Attock RefineryKAR:ATRL -1.05%76 Return-on-Tangible-Asset is 20.41% as of Mar. 2026, which is 394% above its 10-year median of 4.13. GuruFocus rates KAR:ATRL with a GF Score™ of 76/100 and a GF Value™ of ₨516.20 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,024 Oil & Gas companies, Attock Refinery ranks better than 83.59% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Attock Refinery's annualizedNet Income for the quarter that ended in Mar. 2026 was ₨50,659 Mil. Attock Refinery's average total tangible assets for the quarter that ended in Mar. 2026 was ₨248,165 Mil. Therefore, Attock Refinery's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 20.41%.
The historical rank and industry rank for Attock Refinery's Return-on-Tangible-Asset or its related term are showing as below:
KAR:ATRL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.75 Med: 4.13 Max: 18.22
Current: 9.13
During the past 13 years, Attock Refinery's highest Return-on-Tangible-Asset was 18.22%. The lowest was -7.75%. And the median was 4.13%.
KAR:ATRL's Return-on-Tangible-Asset is ranked better than 83.59% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs KAR:ATRL: 9.13
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Attock Refinery Return-on-Tangible-Asset Related Terms
Attock Refinery Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Attock Refinery's Return-on-Tangible-Asset 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.
KAR:ATRL vs VLO, MPC, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Attock Refinery's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Attock Refinery Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Attock Refinery's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Attock Refinery's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 20.41% mean?
Attock Refinery (KAR:ATRL) has a Return-on-Tangible-Asset of 20.41% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Attock Refinery and its competitors. This is 394% above median its historical median of 4.13. According to the industry distribution chart, Attock Refinery ranks #168 out of 1024 companies in the Oil & Gas industry, placing it in the top 16.4%.
Is Attock Refinery's Return-on-Tangible-Asset too high?
Attock Refinery's current Return-on-Tangible-Asset of 20.41% is 394% above median its 10-year median of 4.13. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. Attock Refinery's value of 20.41% is 881.3% above this industry median. Based on the distribution chart, Attock Refinery ranks #168 out of 1024 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Attock Refinery has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Attock Refinery's Return-on-Tangible-Asset compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Attock Refinery ranks #168 out of 1024 companies for Return-on-Tangible-Asset. This places Attock Refinery in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.08. Attock Refinery's value of 20.41% is 881.3% above this benchmark. While the company's 10-year median is 4.13 vs. the industry median of 2.08, Attock Refinery 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 Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.08, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Attock Refinery's current Return-on-Tangible-Asset of 20.41% is 881.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Attock Refinery and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Attock Refinery's current Return-on-Tangible-Asset is 20.41%, which is 394% above median its own 10-year median of 4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Attock Refinery stock overvalued right now?
Based on GuruFocus' analysis, Attock Refinery (KAR:ATRL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨516.20, compared to a current price of ₨919.68 — trading 78.2% above its estimated fair value. The current Return-on-Tangible-Asset is 20.41%, which is 394% above median its 10-year median of 4.13 and 881.3% above the Oil & Gas industry median of 2.08. Attock Refinery's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Attock Refinery (KAR:ATRL), the current Return-on-Tangible-Asset is 20.41% as of Mar. 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 Attock Refinery (KAR:ATRL) Overvalued in 2026?
Based on GuruFocus' analysis, Attock Refinery stock appears to be overvalued.
The current stock price of ₨919.68 is trading 78.2% above its estimated GF Value™ of ₨516.20.
GuruFocus considers Attock Refinery to be Significantly Overvalued.
Key valuation signals for KAR:ATRL:
Return-on-Tangible-Asset: 20.41% (394% above median its 10-year median of 4.13)
GF Value™: ₨516.20 vs. price of ₨919.68 (78.2% above fair value)
Industry Position: 881.3% above the Oil & Gas median (#168 of 1024)
No single metric tells the full story. See the KAR:ATRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Attock Refinery Ltd is a Pakistan-based oil refining company. It is engaged in refining crude oil and supplying refined petroleum products. Its products include liquefied petroleum gas (LPG), naphtha, kerosene oil, high-speed diesel, furnace fuel oil, jet petroleum, motor gasoline, and light diesel oil. The company mainly operates in Pakistan. The company generates the majority of its revenue from High Speed Diesel and Premier Motor Gasoline products.
76GF Score
Get the complete analysis for KAR:ATRL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
KAR:ATRL has been successfully added to your 
