Pakistan Stock ExchangeKAR:PSX -0.27%72 Return-on-Tangible-Equity is 17.54% as of Mar. 2026, which is 524% above its 10-year median of 2.81. GuruFocus rates KAR:PSX with a GF Score™ of 72/100 and a GF Value™ of ₨28.25 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 779 Capital Markets companies, Pakistan Stock Exchange ranks better than 73.17% 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 Stock Exchange's annualized net income for the quarter that ended in Mar. 2026 was ₨1,942 Mil. Pakistan Stock Exchange's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₨11,074 Mil. Therefore, Pakistan Stock Exchange's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.54%.
The historical rank and industry rank for Pakistan Stock Exchange's Return-on-Tangible-Equity or its related term are showing as below:
KAR:PSX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.72 Med: 2.81 Max: 17.99
Current: 17.99
During the past 13 years, Pakistan Stock Exchange's highest Return-on-Tangible-Equity was 17.99%. The lowest was 0.72%. And the median was 2.81%.
KAR:PSX's Return-on-Tangible-Equity is ranked better than 73.17% of 779
companies
in the Capital Markets industry
Industry Median: 6.52
vs KAR:PSX: 17.99
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 Stock Exchange Return-on-Tangible-Equity Related Terms
Pakistan Stock Exchange Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pakistan Stock Exchange'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:PSX vs SPGI, CME, MCO: Return-on-Tangible-Equity Comparison
For the Financial Data & Stock Exchanges subindustry, Pakistan Stock Exchange'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 Stock Exchange Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Pakistan Stock Exchange's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pakistan Stock Exchange'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 17.54% mean?
Pakistan Stock Exchange (KAR:PSX) has a Return-on-Tangible-Equity of 17.54% 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 Stock Exchange and its competitors. This is 524% above median its historical median of 2.81. Over the past decade, Pakistan Stock Exchange's Return-on-Tangible-Equity has ranged from 0.72 to 17.99. According to the industry distribution chart, Pakistan Stock Exchange ranks #209 out of 779 companies in the Capital Markets industry, placing it in the top 26.8%.
Is Pakistan Stock Exchange's Return-on-Tangible-Equity too high?
Pakistan Stock Exchange's current Return-on-Tangible-Equity of 17.54% is 524% above median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 17.99. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Pakistan Stock Exchange's value of 17.54% is 169% above this industry median. Based on the distribution chart, Pakistan Stock Exchange ranks #209 out of 779 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Pakistan Stock Exchange has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan Stock Exchange's Return-on-Tangible-Equity compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Pakistan Stock Exchange ranks #209 out of 779 companies for Return-on-Tangible-Equity. This puts Pakistan Stock Exchange in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Pakistan Stock Exchange's value of 17.54% is 169% above this benchmark. Historically, Pakistan Stock Exchange's own Return-on-Tangible-Equity has ranged from 0.72 to 17.99 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 6.52, Pakistan Stock Exchange 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 779 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 Stock Exchange's current Return-on-Tangible-Equity of 17.54% is 169% 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 Pakistan Stock Exchange and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan Stock Exchange's current Return-on-Tangible-Equity is 17.54%, which is 524% above median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Pakistan Stock Exchange (KAR:PSX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨28.25, compared to a current price of ₨54.58 — trading 93.2% above its estimated fair value. The current Return-on-Tangible-Equity is 17.54%, which is 524% above median its 10-year median of 2.81 and 169% above the Capital Markets industry median of 6.52. Pakistan Stock Exchange's overall GF Score™ is 72/100 with 5 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 Stock Exchange (KAR:PSX), the current Return-on-Tangible-Equity is 17.54% 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 Stock Exchange (KAR:PSX) Overvalued in 2026?
Based on GuruFocus' analysis, Pakistan Stock Exchange stock appears to be overvalued.
The current stock price of ₨54.58 is trading 93.2% above its estimated GF Value™ of ₨28.25.
GuruFocus considers Pakistan Stock Exchange to be Significantly Overvalued.
Key valuation signals for KAR:PSX:
Return-on-Tangible-Equity: 17.54% (524% above median its 10-year median of 2.81)
GF Value™: ₨28.25 vs. price of ₨54.58 (93.2% above fair value)
Industry Position: 169% above the Capital Markets median (#209 of 779)
No single metric tells the full story. See the KAR:PSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pakistan Stock Exchange Ltd is engaged in conducting, regulating and controlling the trade or business of purchasing, selling and trading in debentures stock, government papers, shares, scrips, stocks, bonds, loans, and any other instruments and securities. The products of the company involve Equity Segments, known as Ready Market (T+2), Bills & Bonds (for trading in government debt securities & corporate debt), Futures Counter, Deliverable Futures Contracts, Stock Index Futures, Negotiated Deal Market, REIT, Exchange Traded Funds and GEM Board.
72GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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