TRG Pakistan (KAR:TRG) ROC (Joel Greenblatt) %: -159,698.67% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KAR:TRG TRG Pakistan Ltd KAR:TRG
63 GF Score
Price ₨62.37
GF Value ₨35.90
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is TRG Pakistan ROC (Joel Greenblatt) %?

TRG Pakistan KAR:TRG +1.56% 63 ROC (Joel Greenblatt) % is -159,698.67% as of Mar. 2026. GuruFocus rates KAR:TRG with a GF Score™ of 63/100 and a GF Value™ of ₨35.90 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,085 Business Services companies, TRG Pakistan ranks worse than 100% 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. TRG Pakistan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -159,698.67%.

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

KAR:TRG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -293046.25   Med: -6218.15   Max: 321307.89
Current: -96128.55

During the past 13 years, TRG Pakistan's highest ROC (Joel Greenblatt) % was 321307.89%. The lowest was -293046.25%. And the median was -6218.15%.

KAR:TRG's ROC (Joel Greenblatt) % is ranked worse than
100% of 1085 companies
in the Business Services industry
Industry Median: 21.24 vs KAR:TRG: -96128.55

TRG Pakistan's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


TRG Pakistan  (KAR:TRG) 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.


TRG Pakistan ROC (Joel Greenblatt) % Related Terms


TRG Pakistan ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for TRG 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.

TRG Pakistan ROC (Joel Greenblatt) % Chart

TRG Pakistan Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 321,307.89 -215,117.65 -12,176.06 -24,990.75 -55,630.41

TRG 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 -80,619.64 -41,909.88 -148,230.46 -93,656.57 -159,698.67

KAR:TRG vs CTAS, CPRT, GPN: ROC (Joel Greenblatt) % Comparison

For the Specialty Business Services subindustry, TRG 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.


TRG Pakistan ROC (Joel Greenblatt) % vs Business Services Industry

For the Business Services industry and Industrials sector, TRG Pakistan's ROC (Joel Greenblatt) % distribution charts can be found below:

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


KAR:TRG
63GF Score
TRG Pakistan Ltd KAR:TRG
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TRG 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)
=(0 + 0 + 6.978) - (1340.459 + 0 + 24.807)
=-1358.288

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 6.447) - (1420.894 + 0 + 21.862)
=-1436.309

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of TRG 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 )
=-301.032/( ( (0.264 + max(-1358.288, 0)) + (0.113 + max(-1436.309, 0)) )/ 2 )
=-301.032/( ( 0.264 + 0.113 )/ 2 )
=-301.032/0.1885
=-159,698.67 %

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 -159,698.67% mean?
TRG Pakistan (KAR:TRG) has a ROC (Joel Greenblatt) % of -159,698.67% 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 TRG Pakistan and its competitors. According to the industry distribution chart, TRG Pakistan ranks #1085 out of 1085 companies in the Business Services industry.
Is TRG Pakistan's ROC (Joel Greenblatt) % too high?
TRG Pakistan's current ROC (Joel Greenblatt) % is -159,698.67%. Based on the distribution chart, TRG Pakistan ranks #1085 out of 1085 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, TRG Pakistan has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TRG Pakistan's ROC (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, TRG Pakistan ranks #1085 out of 1085 companies for ROC (Joel Greenblatt) %. This places TRG Pakistan in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 21.24. 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.24, based on 1,085 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. 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 TRG Pakistan and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRG Pakistan's current ROC (Joel Greenblatt) % is -159,698.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRG Pakistan stock overvalued right now?
Based on GuruFocus' analysis, TRG Pakistan (KAR:TRG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨35.90, compared to a current price of ₨62.37 — trading 73.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is -159,698.67%. TRG Pakistan's overall GF Score™ is 63/100 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 TRG Pakistan (KAR:TRG), the current ROC (Joel Greenblatt) % is -159,698.67% 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 TRG Pakistan (KAR:TRG) Overvalued in 2026?

Based on GuruFocus' analysis, TRG Pakistan stock appears to be overvalued. The current stock price of ₨62.37 is trading 73.7% above its estimated GF Value™ of ₨35.90. GuruFocus considers TRG Pakistan to be Significantly Overvalued.

Key valuation signals for KAR:TRG:

  • ROC (Joel Greenblatt) %: -159,698.67%
  • GF Value™: ₨35.90 vs. price of ₨62.37 (73.7% above fair value)
  • GF Score™: 63/100 with 3 warning signs

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


TRG Pakistan Business Description

Address Sky Tower West Wing, 24th Floor, HC-3, Block 4, Marine Drive, Clifton, Dolmen, Karachi, SD, PAK, 75600
TRG Pakistan Ltd, through its subsidiary, acquires, invests, and manages operations relating to business process outsourcing, marketing of Medicare-related products, online customer acquisition, and contact center optimization services. It is engaged in investing in a portfolio of investments in the Technology and IT-enabled services sectors.
63GF Score

Get the complete analysis for KAR:TRG

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

₨62.37
Price
₨35.90
GF Value