Honda Atlas Cars Pakistan (KAR:HCAR) ROC (Joel Greenblatt) %: 25.87% (As of Mar. 2026) — 11% Below Median

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Director of Data and Quant Analytics at GuruFocus
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KAR:HCAR Honda Atlas Cars Pakistan Ltd KAR:HCAR
59 GF Score
Price ₨239.06
GF Value ₨466.02
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Honda Atlas Cars Pakistan ROC (Joel Greenblatt) %?

Honda Atlas Cars Pakistan KAR:HCAR -1.43% 59 ROC (Joel Greenblatt) % is 25.87% as of Mar. 2026, which is 11% below its 10-year median of 29.21. GuruFocus rates KAR:HCAR with a GF Score™ of 59/100 and a GF Value™ of ₨466.02 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,332 Vehicles & Parts companies, Honda Atlas Cars Pakistan ranks better than 87.84% 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. Honda Atlas Cars Pakistan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.87%.

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

KAR:HCAR' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.23   Med: 29.21   Max: 208.16
Current: 35.99

During the past 13 years, Honda Atlas Cars Pakistan's highest ROC (Joel Greenblatt) % was 208.16%. The lowest was 18.23%. And the median was 29.21%.

KAR:HCAR's ROC (Joel Greenblatt) % is ranked better than
87.84% of 1332 companies
in the Vehicles & Parts industry
Industry Median: 12.02 vs KAR:HCAR: 35.99

Honda Atlas Cars Pakistan's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.50% per year.


Honda Atlas Cars Pakistan  (KAR:HCAR) 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.


Honda Atlas Cars Pakistan ROC (Joel Greenblatt) % Related Terms


Honda Atlas Cars Pakistan ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Honda Atlas Cars 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.

Honda Atlas Cars Pakistan ROC (Joel Greenblatt) % Chart

Honda Atlas Cars Pakistan Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.41 24.18 21.13 18.23 30.36

Honda Atlas Cars 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 35.47 49.25 57.46 35.52 25.87

KAR:HCAR vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison

For the Auto Manufacturers subindustry, Honda Atlas Cars 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.


Honda Atlas Cars Pakistan ROC (Joel Greenblatt) % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Honda Atlas Cars Pakistan's ROC (Joel Greenblatt) % distribution charts can be found below:

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


KAR:HCAR
59GF Score
Honda Atlas Cars Pakistan Ltd KAR:HCAR
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Honda Atlas Cars 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)
=(12049.619 + 32905.864 + 6462.294) - (29766.864 + 0 + 173.591)
=21477.322

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7598.965 + 28465.87 + 13031.563) - (20213.588 + 0 + 10716.657)
=18166.153

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Honda Atlas Cars 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 )
=6722.664/( ( (6262.197 + max(21477.322, 0)) + (6075.202 + max(18166.153, 0)) )/ 2 )
=6722.664/( ( 27739.519 + 24241.355 )/ 2 )
=6722.664/25990.437
=25.87 %

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 25.87% mean?
Honda Atlas Cars Pakistan (KAR:HCAR) has a ROC (Joel Greenblatt) % of 25.87% 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 Honda Atlas Cars Pakistan and its competitors. This is 11% below median its historical median of 29.21. Over the past decade, Honda Atlas Cars Pakistan's ROC (Joel Greenblatt) % has ranged from 18.23 to 208.16. According to the industry distribution chart, Honda Atlas Cars Pakistan ranks #162 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 12.2%.
Is Honda Atlas Cars Pakistan's ROC (Joel Greenblatt) % too high?
Honda Atlas Cars Pakistan's current ROC (Joel Greenblatt) % of 25.87% is 11% below median its 10-year median of 29.21. Over the past 10 years, this metric has ranged from a low of 18.23 to a high of 208.16. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.02. Honda Atlas Cars Pakistan's value of 25.87% is 115.2% above this industry median. Based on the distribution chart, Honda Atlas Cars Pakistan ranks #162 out of 1332 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Honda Atlas Cars Pakistan has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honda Atlas Cars Pakistan's ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Honda Atlas Cars Pakistan ranks #162 out of 1332 companies for ROC (Joel Greenblatt) %. This places Honda Atlas Cars Pakistan in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.02. Honda Atlas Cars Pakistan's value of 25.87% is 115.2% above this benchmark. Historically, Honda Atlas Cars Pakistan's own ROC (Joel Greenblatt) % has ranged from 18.23 to 208.16 over the past decade. While the company's 10-year median is 29.21 vs. the industry median of 12.02, Honda Atlas Cars 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.02, based on 1,332 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. Honda Atlas Cars Pakistan's current ROC (Joel Greenblatt) % of 25.87% is 115.2% 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 Honda Atlas Cars Pakistan and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honda Atlas Cars Pakistan's current ROC (Joel Greenblatt) % is 25.87%, which is 11% below median its own 10-year median of 29.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda Atlas Cars Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Honda Atlas Cars Pakistan (KAR:HCAR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₨466.02, compared to a current price of ₨239.06 — trading 48.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 25.87%, which is 11% below median its 10-year median of 29.21 and 115.2% above the Vehicles & Parts industry median of 12.02. Honda Atlas Cars Pakistan's overall GF Score™ is 59/100 with 2 warning signs 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 Honda Atlas Cars Pakistan (KAR:HCAR), the current ROC (Joel Greenblatt) % is 25.87% 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 Honda Atlas Cars Pakistan (KAR:HCAR) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Atlas Cars Pakistan stock appears to be undervalued. The current stock price of ₨239.06 is trading 48.7% below its estimated GF Value™ of ₨466.02. GuruFocus considers Honda Atlas Cars Pakistan to be Significantly Undervalued.

Key valuation signals for KAR:HCAR:

  • ROC (Joel Greenblatt) %: 25.87% (11% below median its 10-year median of 29.21)
  • GF Value™: ₨466.02 vs. price of ₨239.06 (48.7% below fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 115.2% above the Vehicles & Parts median (#162 of 1332)

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


Honda Atlas Cars Pakistan Business Description

Address 1-Mcleod Road, Lahore, PB, PAK
Honda Atlas Cars Pakistan Ltd is engaged in assembling and progressive manufacturing and sale of Honda vehicles and spare parts. Its segments include the Manufacturing and Trading segment. The manufacturing segment relates to the sale of locally manufactured cars and parts, and the Trading segment relates to the trading of completely built units (CBUs) and parts. It offers car models, such as the Honda Accord, Honda CR-V, Honda CR-Z, Honda HR-V, and Honda City in various colors with technology features. Honda derives the majority of its revenue from the Manufacturing segment. Geographically, it operates in Pakistan, Thailand, and Japan.
59GF Score

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

₨239.06
Price
₨466.02
GF Value