Pakistan Stock ExchangeKAR:PSX 70 ROA % is 12.59% as of Mar. 2026, which is 470% above its 10-year median of 2.21. GuruFocus rates KAR:PSX with a GF Score™ of 70/100 and a GF Value™ of ₨28.03 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 816 Capital Markets companies, Pakistan Stock Exchange ranks better than 89.95% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Pakistan Stock Exchange's annualizedNet Income for the quarter that ended in Mar. 2026 was ₨1,942 Mil.
Pakistan Stock Exchange's average Total Assets over the quarter that ended in Mar. 2026 was ₨15,430 Mil. Therefore, Pakistan Stock Exchange's annualized ROA % for the quarter that ended in Mar. 2026 was 12.59%.
The historical rank and industry rank for Pakistan Stock Exchange's ROA % or its related term are showing as below:
KAR:PSX'
s ROA % Range Over the Past 10 Years
Min: 0.56 Med: 2.21 Max: 13.02
Current: 13.02
During the past 13 years, Pakistan Stock Exchange's highest ROA % was 13.02%. The lowest was 0.56%. And the median was 2.21%.
KAR:PSX's ROA % is ranked better than 89.95% of 816
companies
in the Capital Markets industry
Industry Median: 1.495
vs KAR:PSX: 13.02
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Financial Data & Stock Exchanges subindustry, Pakistan Stock Exchange's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Pakistan Stock Exchange's ROA % distribution charts can be found below:
* The bar in red indicates where Pakistan Stock Exchange's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Pakistan Stock Exchange (KAR:PSX) has a ROA % of 12.59% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Pakistan Stock Exchange and its competitors. This is 470% above median its historical median of 2.21. Over the past decade, Pakistan Stock Exchange's ROA % has ranged from 0.56 to 13.02. According to the industry distribution chart, Pakistan Stock Exchange ranks #82 out of 816 companies in the Capital Markets industry, placing it in the top 10%.
Is Pakistan Stock Exchange's ROA % too high?
Pakistan Stock Exchange's current ROA % of 12.59% is 470% above median its 10-year median of 2.21. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 13.02. The Capital Markets industry median ROA % is 1.50. Pakistan Stock Exchange's value of 12.59% is 742.1% above this industry median. Based on the distribution chart, Pakistan Stock Exchange ranks #82 out of 816 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Pakistan Stock Exchange has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan Stock Exchange's ROA % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Pakistan Stock Exchange ranks #82 out of 816 companies for ROA %. This places Pakistan Stock Exchange in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 1.50. Pakistan Stock Exchange's value of 12.59% is 742.1% above this benchmark. Historically, Pakistan Stock Exchange's own ROA % has ranged from 0.56 to 13.02 over the past decade. While the company's 10-year median is 2.21 vs. the industry median of 1.50, 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 ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.50, based on 816 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pakistan Stock Exchange's current ROA % of 12.59% is 742.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Pakistan Stock Exchange and its competitors. For the Capital Markets industry, the median ROA % is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan Stock Exchange's current ROA % is 12.59%, which is 470% above median its own 10-year median of 2.21. 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 ₨28.03, compared to a current price of ₨49.72 — trading 77.4% above its estimated fair value. The current ROA % is 12.59%, which is 470% above median its 10-year median of 2.21 and 742.1% above the Capital Markets industry median of 1.50. Pakistan Stock Exchange's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Pakistan Stock Exchange (KAR:PSX), the current ROA % is 12.59% 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 ₨49.72 is trading 77.4% above its estimated GF Value™ of ₨28.03.
GuruFocus considers Pakistan Stock Exchange to be Significantly Overvalued.
Key valuation signals for KAR:PSX:
ROA %: 12.59% (470% above median its 10-year median of 2.21)
GF Value™: ₨28.03 vs. price of ₨49.72 (77.4% above fair value)
Industry Position: 742.1% above the Capital Markets median (#82 of 816)
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.
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