Pakistan National ShippingKAR:PNSC +0.10%78 Return-on-Tangible-Equity is 6.26% as of Mar. 2026, which is 29% below its 10-year median of 8.80. GuruFocus rates KAR:PNSC with a GF Score™ of 78/100 and a GF Value™ of ₨301.61 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 977 Transportation companies, Pakistan National Shipping ranks better than 61.31% 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. Pakistan National Shipping's annualized net income for the quarter that ended in Mar. 2026 was ₨6,513 Mil. Pakistan National Shipping's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₨104,013 Mil. Therefore, Pakistan National Shipping's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.26%.
The historical rank and industry rank for Pakistan National Shipping's Return-on-Tangible-Equity or its related term are showing as below:
KAR:PNSC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.36 Med: 8.8 Max: 52.94
Current: 12.11
During the past 13 years, Pakistan National Shipping's highest Return-on-Tangible-Equity was 52.94%. The lowest was 5.36%. And the median was 8.80%.
KAR:PNSC's Return-on-Tangible-Equity is ranked better than 61.31% of 977
companies
in the Transportation industry
Industry Median: 9.02
vs KAR:PNSC: 12.11
Pakistan National Shipping (KAR:PNSC) Return-on-Tangible-Equity Explanation
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.
Pakistan National Shipping Return-on-Tangible-Equity Related Terms
Pakistan National Shipping Return-on-Tangible-Equity Historical Data
* 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.
Pakistan National Shipping Return-on-Tangible-Equity Chart
KAR:PNSC vs KEX: Return-on-Tangible-Equity Comparison
For the Marine Shipping subindustry, Pakistan National Shipping'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.
Pakistan National Shipping Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Pakistan National Shipping's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pakistan National Shipping'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 6.26% mean?
Pakistan National Shipping (KAR:PNSC) has a Return-on-Tangible-Equity of 6.26% 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 Pakistan National Shipping and its competitors. This is 29% below median its historical median of 8.80. Over the past decade, Pakistan National Shipping's Return-on-Tangible-Equity has ranged from 5.36 to 52.94. According to the industry distribution chart, Pakistan National Shipping ranks #378 out of 977 companies in the Transportation industry, placing it in the top 38.7%.
Is Pakistan National Shipping's Return-on-Tangible-Equity too high?
Pakistan National Shipping's current Return-on-Tangible-Equity of 6.26% is 29% below median its 10-year median of 8.80. Over the past 10 years, this metric has ranged from a low of 5.36 to a high of 52.94. The Transportation industry median Return-on-Tangible-Equity is 9.02. Pakistan National Shipping's value of 6.26% is 30.6% below this industry median. Based on the distribution chart, Pakistan National Shipping ranks #378 out of 977 companies in the Transportation industry, which is above the industry midpoint. Overall, Pakistan National Shipping has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan National Shipping's Return-on-Tangible-Equity compare to KEX?
According to the Transportation industry distribution chart, Pakistan National Shipping ranks #378 out of 977 companies for Return-on-Tangible-Equity. This puts Pakistan National Shipping in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.02. Pakistan National Shipping's value of 6.26% is 30.6% below this benchmark. Historically, Pakistan National Shipping's own Return-on-Tangible-Equity has ranged from 5.36 to 52.94 over the past decade. While the company's 10-year median is 8.80 vs. the industry median of 9.02, Pakistan National Shipping has consistently been below 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.02, based on 977 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. Pakistan National Shipping's current Return-on-Tangible-Equity of 6.26% is 30.6% below 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 Pakistan National Shipping and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan National Shipping's current Return-on-Tangible-Equity is 6.26%, which is 29% below median its own 10-year median of 8.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan National Shipping stock overvalued right now?
Based on GuruFocus' analysis, Pakistan National Shipping (KAR:PNSC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨301.61, compared to a current price of ₨597.82 — trading 98.2% above its estimated fair value. The current Return-on-Tangible-Equity is 6.26%, which is 29% below median its 10-year median of 8.80 and 30.6% below the Transportation industry median of 9.02. Pakistan National Shipping's overall GF Score™ is 78/100 with 7 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 Pakistan National Shipping (KAR:PNSC), the current Return-on-Tangible-Equity is 6.26% 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 Pakistan National Shipping (KAR:PNSC) Overvalued in 2026?
Based on GuruFocus' analysis, Pakistan National Shipping stock appears to be overvalued.
The current stock price of ₨597.82 is trading 98.2% above its estimated GF Value™ of ₨301.61.
GuruFocus considers Pakistan National Shipping to be Significantly Overvalued.
Key valuation signals for KAR:PNSC:
Return-on-Tangible-Equity: 6.26% (29% below median its 10-year median of 8.80)
GF Value™: ₨301.61 vs. price of ₨597.82 (98.2% above fair value)
Industry Position: 30.6% below the Transportation median (#378 of 977)
No single metric tells the full story. See the KAR:PNSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pakistan National Shipping Corp Ltd, the Holding Company, its subsidiary, and an associate operate in Pakistan's maritime industry. The Group focuses on shipping, vessel chartering, cargo transportation, and property leasing. As the national flag carrier, the company operates a varied fleet, including tankers for energy transport and bulk carriers for transporting a wide range of dry commodities such as iron, fertilizers, coal, and grain. The company also provides comprehensive services such as ocean freight, container shipping, marine and port services, technical support, and leasing solutions. Its key business segments include dry cargo, liquid cargo, and slot charter/break bulk.
78GF Score
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