Pioneer CementKAR:PIOC +0.28%86 Return-on-Tangible-Asset is 6.86% as of Mar. 2026, which is 43% above its 10-year median of 4.81. GuruFocus rates KAR:PIOC with a GF Score™ of 86/100 and a GF Value™ of ₨134.92 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 410 Building Materials companies, Pioneer Cement ranks better than 75.37% 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. Pioneer Cement's annualizedNet Income for the quarter that ended in Mar. 2026 was ₨6,088 Mil. Pioneer Cement's average total tangible assets for the quarter that ended in Mar. 2026 was ₨88,684 Mil. Therefore, Pioneer Cement's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.86%.
The historical rank and industry rank for Pioneer Cement's Return-on-Tangible-Asset or its related term are showing as below:
KAR:PIOC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.46 Med: 4.81 Max: 18.75
Current: 6.33
During the past 13 years, Pioneer Cement's highest Return-on-Tangible-Asset was 18.75%. The lowest was -0.46%. And the median was 4.81%.
KAR:PIOC's Return-on-Tangible-Asset is ranked better than 75.37% of 410
companies
in the Building Materials industry
Industry Median: 2.345
vs KAR:PIOC: 6.33
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.
Pioneer Cement Return-on-Tangible-Asset Related Terms
Pioneer Cement Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pioneer Cement'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:PIOC vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, Pioneer Cement'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.
Pioneer Cement Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Pioneer Cement's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pioneer Cement'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 6.86% mean?
Pioneer Cement (KAR:PIOC) has a Return-on-Tangible-Asset of 6.86% 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 Pioneer Cement and its competitors. This is 43% above median its historical median of 4.81. According to the industry distribution chart, Pioneer Cement ranks #101 out of 410 companies in the Building Materials industry, placing it in the top 24.6%.
Is Pioneer Cement's Return-on-Tangible-Asset too high?
Pioneer Cement's current Return-on-Tangible-Asset of 6.86% is 43% above median its 10-year median of 4.81. The Building Materials industry median Return-on-Tangible-Asset is 2.35. Pioneer Cement's value of 6.86% is 192.5% above this industry median. Based on the distribution chart, Pioneer Cement ranks #101 out of 410 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Pioneer Cement has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Cement's Return-on-Tangible-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, Pioneer Cement ranks #101 out of 410 companies for Return-on-Tangible-Asset. This places Pioneer Cement in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.35. Pioneer Cement's value of 6.86% is 192.5% above this benchmark. While the company's 10-year median is 4.81 vs. the industry median of 2.35, Pioneer Cement 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.35, based on 410 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. Pioneer Cement's current Return-on-Tangible-Asset of 6.86% is 192.5% 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 Pioneer Cement and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Cement's current Return-on-Tangible-Asset is 6.86%, which is 43% above median its own 10-year median of 4.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Cement stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Cement (KAR:PIOC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨134.92, compared to a current price of ₨272.59 — trading 102% above its estimated fair value. The current Return-on-Tangible-Asset is 6.86%, which is 43% above median its 10-year median of 4.81 and 192.5% above the Building Materials industry median of 2.35. Pioneer Cement's overall GF Score™ is 86/100 with 4 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 Pioneer Cement (KAR:PIOC), the current Return-on-Tangible-Asset is 6.86% 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 Pioneer Cement (KAR:PIOC) Overvalued in 2026?
Based on GuruFocus' analysis, Pioneer Cement stock appears to be overvalued.
The current stock price of ₨272.59 is trading 102% above its estimated GF Value™ of ₨134.92.
GuruFocus considers Pioneer Cement to be Significantly Overvalued.
Key valuation signals for KAR:PIOC:
Return-on-Tangible-Asset: 6.86% (43% above median its 10-year median of 4.81)
GF Value™: ₨134.92 vs. price of ₨272.59 (102% above fair value)
Industry Position: 192.5% above the Building Materials median (#101 of 410)
No single metric tells the full story. See the KAR:PIOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pioneer Cement Ltd is a cement producer. The company's production facility is situated at Chenki, District Khushab in Punjab Province. The product range consists of Ordinary Portland Cement and Sulphate Resistant Cement. Its Ordinary Portland Cement is used for all structural work including all kinds of concrete construction and Sulphate Resistant Cement is used where sulfate salts are present in the soil or in saline water. Geographically, the company operates within Pakistan and Afghanistan and generates a majority of its revenue from Pakistan.
86GF Score
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