GlaxoSmithKline Pakistan (KAR:GLAXO) ROC (Joel Greenblatt) %: 99.45% (As of Mar. 2026) — 121% Above Median


KAR:GLAXO GlaxoSmithKline Pakistan Ltd KAR:GLAXO
93 GF Score
Price ₨373.01
GF Value ₨323.92
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is GlaxoSmithKline Pakistan ROC (Joel Greenblatt) %?

GlaxoSmithKline Pakistan KAR:GLAXO +0.75% 93 ROC (Joel Greenblatt) % is 99.45% as of Mar. 2026, which is 121% above its 10-year median of 45.02. GuruFocus rates KAR:GLAXO with a GF Score™ of 93/100 and a GF Value™ of ₨323.92 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 983 Drug Manufacturers companies, GlaxoSmithKline Pakistan ranks better than 94.3% on this metric.

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. GlaxoSmithKline Pakistan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 99.45%.

The historical rank and industry rank for GlaxoSmithKline Pakistan's ROC (Joel Greenblatt) % or its related term are showing as below:

KAR:GLAXO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.88   Med: 45.02   Max: 114.01
Current: 114.01

During the past 13 years, GlaxoSmithKline Pakistan's highest ROC (Joel Greenblatt) % was 114.01%. The lowest was 16.88%. And the median was 45.02%.

KAR:GLAXO's ROC (Joel Greenblatt) % is ranked better than
94.3% of 983 companies
in the Drug Manufacturers industry
Industry Median: 11.46 vs KAR:GLAXO: 114.01

GlaxoSmithKline Pakistan's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 11.80% per year.


GlaxoSmithKline Pakistan  (KAR:GLAXO) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


GlaxoSmithKline Pakistan ROC (Joel Greenblatt) % Related Terms


GlaxoSmithKline Pakistan ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for GlaxoSmithKline Pakistan's ROC (Joel Greenblatt) % 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.

GlaxoSmithKline Pakistan ROC (Joel Greenblatt) % Chart

GlaxoSmithKline Pakistan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.20 44.18 16.88 80.79 106.23

GlaxoSmithKline Pakistan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 107.84 105.86 91.13 154.81 99.45

KAR:GLAXO vs ZTS, UTHR, VTRS: ROC (Joel Greenblatt) % Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, GlaxoSmithKline Pakistan's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.


GlaxoSmithKline Pakistan ROC (Joel Greenblatt) % vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, GlaxoSmithKline Pakistan's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where GlaxoSmithKline Pakistan's ROC (Joel Greenblatt) % falls into.


KAR:GLAXO
93GF Score
GlaxoSmithKline Pakistan Ltd KAR:GLAXO
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GlaxoSmithKline Pakistan ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2812.639 + 13067.643 + 2882.088) - (6749.289 + 0 + 8351.603)
=3661.478

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3210.651 + 13211.889 + 1616.889) - (10060.398 + 0 + 5777.2)
=2201.831

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of GlaxoSmithKline Pakistan for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17245.412/( ( (14433.368 + max(3661.478, 0)) + (14385.837 + max(2201.831, 0)) )/ 2 )
=17245.412/( ( 18094.846 + 16587.668 )/ 2 )
=17245.412/17341.257
=99.45 %

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

What does a ROC (Joel Greenblatt) % of 99.45% mean?
GlaxoSmithKline Pakistan (KAR:GLAXO) has a ROC (Joel Greenblatt) % of 99.45% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on GlaxoSmithKline Pakistan and its competitors. This is 121% above median its historical median of 45.02. Over the past decade, GlaxoSmithKline Pakistan's ROC (Joel Greenblatt) % has ranged from 16.88 to 114.01. According to the industry distribution chart, GlaxoSmithKline Pakistan ranks #56 out of 983 companies in the Drug Manufacturers industry, placing it in the top 5.7%.
Is GlaxoSmithKline Pakistan's ROC (Joel Greenblatt) % too high?
GlaxoSmithKline Pakistan's current ROC (Joel Greenblatt) % of 99.45% is 121% above median its 10-year median of 45.02. Over the past 10 years, this metric has ranged from a low of 16.88 to a high of 114.01. The Drug Manufacturers industry median ROC (Joel Greenblatt) % is 11.46. GlaxoSmithKline Pakistan's value of 99.45% is 767.8% above this industry median. Based on the distribution chart, GlaxoSmithKline Pakistan ranks #56 out of 983 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, GlaxoSmithKline Pakistan has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GlaxoSmithKline Pakistan's ROC (Joel Greenblatt) % compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, GlaxoSmithKline Pakistan ranks #56 out of 983 companies for ROC (Joel Greenblatt) %. This places GlaxoSmithKline Pakistan in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.46. GlaxoSmithKline Pakistan's value of 99.45% is 767.8% above this benchmark. Historically, GlaxoSmithKline Pakistan's own ROC (Joel Greenblatt) % has ranged from 16.88 to 114.01 over the past decade. While the company's 10-year median is 45.02 vs. the industry median of 11.46, GlaxoSmithKline Pakistan 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 ROC (Joel Greenblatt) % for a Drug Manufacturers company?
The median ROC (Joel Greenblatt) % among Drug Manufacturers companies is 11.46, based on 983 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GlaxoSmithKline Pakistan's current ROC (Joel Greenblatt) % of 99.45% is 767.8% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on GlaxoSmithKline Pakistan and its competitors. For the Drug Manufacturers industry, the median ROC (Joel Greenblatt) % is 11.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GlaxoSmithKline Pakistan's current ROC (Joel Greenblatt) % is 99.45%, which is 121% above median its own 10-year median of 45.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GlaxoSmithKline Pakistan stock overvalued right now?
Based on GuruFocus' analysis, GlaxoSmithKline Pakistan (KAR:GLAXO) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨323.92, compared to a current price of ₨373.01 — trading 15.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 99.45%, which is 121% above median its 10-year median of 45.02 and 767.8% above the Drug Manufacturers industry median of 11.46. GlaxoSmithKline Pakistan's overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For GlaxoSmithKline Pakistan (KAR:GLAXO), the current ROC (Joel Greenblatt) % is 99.45% 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 GlaxoSmithKline Pakistan (KAR:GLAXO) Overvalued in 2026?

Based on GuruFocus' analysis, GlaxoSmithKline Pakistan stock appears to be overvalued. The current stock price of ₨373.01 is trading 15.2% above its estimated GF Value™ of ₨323.92. GuruFocus considers GlaxoSmithKline Pakistan to be Modestly Overvalued.

Key valuation signals for KAR:GLAXO:

  • ROC (Joel Greenblatt) %: 99.45% (121% above median its 10-year median of 45.02)
  • GF Value™: ₨323.92 vs. price of ₨373.01 (15.2% above fair value)
  • GF Score™: 93/100 with 1 warning sign
  • Industry Position: 767.8% above the Drug Manufacturers median (#56 of 983)

No single metric tells the full story. See the KAR:GLAXO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GlaxoSmithKline Pakistan Business Description

Address 35, Dockyard Road, West Wharf, Karachi, PAK, 74000
GlaxoSmithKline Pakistan Ltd is engaged in the research, development, and manufacturing of pharmaceutical medicines, vaccines, and consumer healthcare products. It is involved in Anti-infective, Respiratory, Vaccines, Dermatological, Gastrointestinal, Analgesics, Urology, Central Nervous System, Allergy, Cardiovascular, and Vitamins therapy areas. The operating business divisions are Pharmaceuticals and Consumer Healthcare. The pharmaceutical brands of the company include Augmentin, Seretide, Amoxicillin, Velosef, Zantac, and Calpol, and prominent vaccines include Synflorix, Infanrix Hexa, Rotarix, Engerix-B, Havrix, and Cervarix. The company operates in single segment which is the Pharmaceuticals segment.
93GF Score

Get the complete analysis for KAR:GLAXO

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨373.01
Price
₨323.92
GF Value