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Pakistan National ShippingKAR:PNSC -1.78%81 ROC (Joel Greenblatt) % is 13.76% as of Mar. 2026, which is 3% above its 10-year median of 13.31. GuruFocus rates KAR:PNSC with a GF Score™ of 81/100 and a GF Value™ of ₨302.31 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 998 Transportation companies, Pakistan National Shipping ranks better than 84.97% 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. Pakistan National Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.76%.
The historical rank and industry rank for Pakistan National Shipping's ROC (Joel Greenblatt) % or its related term are showing as below:
KAR:PNSC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.23 Med: 13.31 Max: 95.29
Current: 33.62
During the past 13 years, Pakistan National Shipping's highest ROC (Joel Greenblatt) % was 95.29%. The lowest was 9.23%. And the median was 13.31%.
KAR:PNSC's ROC (Joel Greenblatt) % is ranked better than 84.97% of 998
companies
in the Transportation industry
Industry Median: 11.76
vs KAR:PNSC: 33.62
Pakistan National Shipping (KAR:PNSC) 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.
* 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 ROC (Joel Greenblatt) % Chart
KAR:PNSC vs KEX: ROC (Joel Greenblatt) % Comparison
For the Marine Shipping subindustry, Pakistan National Shipping'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.
Pakistan National Shipping ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Pakistan National Shipping's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pakistan National Shipping's ROC (Joel Greenblatt) % falls into.
Pakistan National Shipping 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:
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.
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 13.76% mean?
Pakistan National Shipping (KAR:PNSC) has a ROC (Joel Greenblatt) % of 13.76% 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 Pakistan National Shipping and its competitors. This is near median its historical median of 13.31. Over the past decade, Pakistan National Shipping's ROC (Joel Greenblatt) % has ranged from 9.23 to 95.29. According to the industry distribution chart, Pakistan National Shipping ranks #150 out of 998 companies in the Transportation industry, placing it in the top 15%.
Is Pakistan National Shipping's ROC (Joel Greenblatt) % too high?
Pakistan National Shipping's current ROC (Joel Greenblatt) % of 13.76% is near median its 10-year median of 13.31. Over the past 10 years, this metric has ranged from a low of 9.23 to a high of 95.29. The Transportation industry median ROC (Joel Greenblatt) % is 11.76. Pakistan National Shipping's value of 13.76% is 17% above this industry median. Based on the distribution chart, Pakistan National Shipping ranks #150 out of 998 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Pakistan National Shipping has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan National Shipping's ROC (Joel Greenblatt) % compare to KEX?
According to the Transportation industry distribution chart, Pakistan National Shipping ranks #150 out of 998 companies for ROC (Joel Greenblatt) %. This places Pakistan National Shipping in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.76. Pakistan National Shipping's value of 13.76% is 17% above this benchmark. Historically, Pakistan National Shipping's own ROC (Joel Greenblatt) % has ranged from 9.23 to 95.29 over the past decade. While the company's 10-year median is 13.31 vs. the industry median of 11.76, Pakistan National Shipping 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.76, based on 998 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. Pakistan National Shipping's current ROC (Joel Greenblatt) % of 13.76% is 17% 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 Pakistan National Shipping and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan National Shipping's current ROC (Joel Greenblatt) % is 13.76%, which is near median its own 10-year median of 13.31. 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 ₨302.31, compared to a current price of ₨564.50 — trading 86.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.76%, which is near median its 10-year median of 13.31 and 17% above the Transportation industry median of 11.76. Pakistan National Shipping's overall GF Score™ is 81/100 with 3 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 Pakistan National Shipping (KAR:PNSC), the current ROC (Joel Greenblatt) % is 13.76% 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 ₨564.50 is trading 86.7% above its estimated GF Value™ of ₨302.31.
GuruFocus considers Pakistan National Shipping to be Significantly Overvalued.
Key valuation signals for KAR:PNSC:
ROC (Joel Greenblatt) %: 13.76% (near median its 10-year median of 13.31)
GF Value™: ₨302.31 vs. price of ₨564.50 (86.7% above fair value)
Industry Position: 17% above the Transportation median (#150 of 998)
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.
81GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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