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National Foods FZCOKAR:NATF -1.15%95 Return-on-Tangible-Asset is 20.05% as of Mar. 2026, which is 88% above its 10-year median of 10.65. GuruFocus rates KAR:NATF with a GF Score™ of 95/100 and a GF Value™ of ₨263.59 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,995 Consumer Packaged Goods companies, National Foods FZCO ranks better than 99.6% 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. National Foods FZCO's annualizedNet Income for the quarter that ended in Mar. 2026 was ₨10,619 Mil. National Foods FZCO's average total tangible assets for the quarter that ended in Mar. 2026 was ₨52,953 Mil. Therefore, National Foods FZCO's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 20.05%.
The historical rank and industry rank for National Foods FZCO's Return-on-Tangible-Asset or its related term are showing as below:
KAR:NATF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.7 Med: 10.65 Max: 54.26
Current: 54.26
During the past 13 years, National Foods FZCO's highest Return-on-Tangible-Asset was 54.26%. The lowest was 4.70%. And the median was 10.65%.
KAR:NATF's Return-on-Tangible-Asset is ranked better than 99.6% of 1995
companies
in the Consumer Packaged Goods industry
Industry Median: 3.41
vs KAR:NATF: 54.26
National Foods FZCO (KAR:NATF) Return-on-Tangible-Asset Explanation
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.
National Foods FZCO Return-on-Tangible-Asset Related Terms
National Foods FZCO Return-on-Tangible-Asset Historical Data
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The historical data trend for National Foods FZCO'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.
National Foods FZCO Return-on-Tangible-Asset Chart
KAR:NATF vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, National Foods FZCO'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.
National Foods FZCO Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, National Foods FZCO's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where National Foods FZCO'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 20.05% mean?
National Foods FZCO (KAR:NATF) has a Return-on-Tangible-Asset of 20.05% 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 National Foods FZCO and its competitors. This is 88% above median its historical median of 10.65. Over the past decade, National Foods FZCO's Return-on-Tangible-Asset has ranged from 4.70 to 54.26. According to the industry distribution chart, National Foods FZCO ranks #8 out of 1995 companies in the Consumer Packaged Goods industry, placing it in the top 0.40000000000001%.
Is National Foods FZCO's Return-on-Tangible-Asset too high?
National Foods FZCO's current Return-on-Tangible-Asset of 20.05% is 88% above median its 10-year median of 10.65. Over the past 10 years, this metric has ranged from a low of 4.70 to a high of 54.26. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.41. National Foods FZCO's value of 20.05% is 488% above this industry median. Based on the distribution chart, National Foods FZCO ranks #8 out of 1995 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, National Foods FZCO has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Foods FZCO's Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, National Foods FZCO ranks #8 out of 1995 companies for Return-on-Tangible-Asset. This places National Foods FZCO in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.41. National Foods FZCO's value of 20.05% is 488% above this benchmark. Historically, National Foods FZCO's own Return-on-Tangible-Asset has ranged from 4.70 to 54.26 over the past decade. While the company's 10-year median is 10.65 vs. the industry median of 3.41, National Foods FZCO 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 a Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.41, based on 1,995 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. National Foods FZCO's current Return-on-Tangible-Asset of 20.05% is 488% 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 National Foods FZCO and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Foods FZCO's current Return-on-Tangible-Asset is 20.05%, which is 88% above median its own 10-year median of 10.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Foods FZCO stock overvalued right now?
Based on GuruFocus' analysis, National Foods FZCO (KAR:NATF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨263.59, compared to a current price of ₨384.04 — trading 45.7% above its estimated fair value. The current Return-on-Tangible-Asset is 20.05%, which is 88% above median its 10-year median of 10.65 and 488% above the Consumer Packaged Goods industry median of 3.41. National Foods FZCO's overall GF Score™ is 95/100 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 National Foods FZCO (KAR:NATF), the current Return-on-Tangible-Asset is 20.05% 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 National Foods FZCO (KAR:NATF) Overvalued in 2026?
Based on GuruFocus' analysis, National Foods FZCO stock appears to be overvalued.
The current stock price of ₨384.04 is trading 45.7% above its estimated GF Value™ of ₨263.59.
GuruFocus considers National Foods FZCO to be Significantly Overvalued.
Key valuation signals for KAR:NATF:
Return-on-Tangible-Asset: 20.05% (88% above median its 10-year median of 10.65)
GF Value™: ₨263.59 vs. price of ₨384.04 (45.7% above fair value)
Industry Position: 488% above the Consumer Packaged Goods median (#8 of 1995)
No single metric tells the full story. See the KAR:NATF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Foods FZCO, formerly known as National Foods Ltd, is a Pakistan-based multi-category food company. It is principally engaged in the manufacturing and sale of convenience food products. The company's operating segment includes Food and food-related products and Retail. It generates maximum revenue from the Food and food-related products segment. Geographically, it derives the majority of revenue from Pakistan and also has a presence in KSA/Canada, the Middle East. The products of the company include desserts, jams, pickles, frozen meals, ketchup, recipe masala, rice, basic spices, and snacks.
95GF Score
Get the complete analysis for KAR:NATF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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