Pioneer CementKAR:PIOC +1.11%86 Return-on-Tangible-Equity is 12.27% as of Mar. 2026, which is 9% above its 10-year median of 11.26. GuruFocus rates KAR:PIOC with a GF Score™ of 86/100 and a GF Value™ of ₨132.13 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 397 Building Materials companies, Pioneer Cement ranks better than 72.54% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Pioneer Cement's annualized net income for the quarter that ended in Mar. 2026 was ₨6,088 Mil. Pioneer Cement's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₨49,626 Mil. Therefore, Pioneer Cement's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.27%.
The historical rank and industry rank for Pioneer Cement's Return-on-Tangible-Equity or its related term are showing as below:
KAR:PIOC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.59 Med: 11.26 Max: 26.52
Current: 11.47
During the past 13 years, Pioneer Cement's highest Return-on-Tangible-Equity was 26.52%. The lowest was -1.59%. And the median was 11.26%.
KAR:PIOC's Return-on-Tangible-Equity is ranked better than 72.54% of 397
companies
in the Building Materials industry
Industry Median: 5.08
vs KAR:PIOC: 11.47
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Pioneer Cement Return-on-Tangible-Equity Related Terms
Pioneer Cement Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pioneer Cement's Return-on-Tangible-Equity 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-Equity Comparison
For the Building Materials subindustry, Pioneer Cement's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Pioneer Cement's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pioneer Cement's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.27% mean?
Pioneer Cement (KAR:PIOC) has a Return-on-Tangible-Equity of 12.27% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Pioneer Cement and its competitors. This is near median its historical median of 11.26. According to the industry distribution chart, Pioneer Cement ranks #109 out of 397 companies in the Building Materials industry, placing it in the top 27.5%.
Is Pioneer Cement's Return-on-Tangible-Equity too high?
Pioneer Cement's current Return-on-Tangible-Equity of 12.27% is near median its 10-year median of 11.26. The Building Materials industry median Return-on-Tangible-Equity is 5.08. Pioneer Cement's value of 12.27% is 141.5% above this industry median. Based on the distribution chart, Pioneer Cement ranks #109 out of 397 companies in the Building Materials industry, which is above the industry midpoint. 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-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Pioneer Cement ranks #109 out of 397 companies for Return-on-Tangible-Equity. This puts Pioneer Cement in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.08. Pioneer Cement's value of 12.27% is 141.5% above this benchmark. While the company's 10-year median is 11.26 vs. the industry median of 5.08, 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-Equity for a Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.08, based on 397 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pioneer Cement's current Return-on-Tangible-Equity of 12.27% is 141.5% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Pioneer Cement and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Cement's current Return-on-Tangible-Equity is 12.27%, which is near median its own 10-year median of 11.26. 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 ₨132.13, compared to a current price of ₨283.57 — trading 114.6% above its estimated fair value. The current Return-on-Tangible-Equity is 12.27%, which is near median its 10-year median of 11.26 and 141.5% above the Building Materials industry median of 5.08. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Pioneer Cement (KAR:PIOC), the current Return-on-Tangible-Equity is 12.27% 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 ₨283.57 is trading 114.6% above its estimated GF Value™ of ₨132.13.
GuruFocus considers Pioneer Cement to be Significantly Overvalued.
Key valuation signals for KAR:PIOC:
Return-on-Tangible-Equity: 12.27% (near median its 10-year median of 11.26)
GF Value™: ₨132.13 vs. price of ₨283.57 (114.6% above fair value)
Industry Position: 141.5% above the Building Materials median (#109 of 397)
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.
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