ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Nampak's annualized net income for the quarter that ended in Mar. 2026 was R925 Mil. Nampak's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was R2,697 Mil. Therefore, Nampak's annualized ROE % for the quarter that ended in Mar. 2026 was 34.29%.
The historical rank and industry rank for Nampak's ROE % or its related term are showing as below:
JSE:NPK'
s ROE % Range Over the Past 10 Years
Min: -128.02 Med: -0.25 Max: 189.64
Current: 39.87
During the past 13 years, Nampak's highest ROE % was 189.64%. The lowest was -128.02%. And the median was -0.25%.
JSE:NPK's ROE % is ranked better than 97.7% of 392
companies
in the Packaging & Containers industry
Industry Median: 5.375
vs JSE:NPK: 39.87
Nampak (JSE:NPK) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Nampak ROE % Related Terms
Nampak ROE % Historical Data
* Premium members only.
The historical data trend for Nampak's ROE % 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.
For the Packaging & Containers subindustry, Nampak's ROE %, along with its competitors' market caps and ROE % 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.
Nampak ROE % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Nampak's ROE % distribution charts can be found below:
* The bar in red indicates where Nampak's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Nampak (JSE:NPK) has a ROE % of 34.29% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nampak and its competitors. According to the industry distribution chart, Nampak ranks #9 out of 392 companies in the Packaging & Containers industry, placing it in the top 2.3%.
Is Nampak's ROE % too high?
Nampak's current ROE % is 34.29%. The Packaging & Containers industry median ROE % is 5.38. Nampak's value of 34.29% is 538% above this industry median. Based on the distribution chart, Nampak ranks #9 out of 392 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Nampak has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nampak's ROE % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Nampak ranks #9 out of 392 companies for ROE %. This places Nampak in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 5.38. Nampak's value of 34.29% is 538% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Packaging & Containers company?
The median ROE % among Packaging & Containers companies is 5.38, based on 392 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nampak's current ROE % of 34.29% is 538% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nampak and its competitors. For the Packaging & Containers industry, the median ROE % is 5.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nampak's current ROE % is 34.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nampak stock overvalued right now?
Based on GuruFocus' analysis, Nampak (JSE:NPK) is currently considered Fairly Valued. The stock's GF Value™ is R471.12, compared to a current price of R440.10 — trading 6.6% below its estimated fair value. The current ROE % is 34.29% and 538% above the Packaging & Containers industry median of 5.38. Nampak's overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Nampak (JSE:NPK), the current ROE % is 34.29% 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 Nampak (JSE:NPK) Overvalued in 2026?
Based on GuruFocus' analysis, Nampak stock appears to be undervalued.
The current stock price of R440.10 is trading 6.6% below its estimated GF Value™ of R471.12.
GuruFocus considers Nampak to be Fairly Valued.
Key valuation signals for JSE:NPK:
ROE %: 34.29%
GF Value™: R471.12 vs. price of R440.10 (6.6% below fair value)
Industry Position: 538% above the Packaging & Containers median (#9 of 392)
No single metric tells the full story. See the JSE:NPK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nampak Ltd is a metals packaging company in South Africa and Angola, and also has substantial positions in other metal packaging. It is the producer of two-piece tinplate cans and aluminium monobloc aerosol cans. The company's operating segments include Metals, which involves the manufacture of beverage cans, food cans, aerosol cans, and other metal packaging, and Corporate, which provides for head office activities, treasury, property services, and consolidation adjustments, including goodwill. The majority of revenue comes from the Metals segment and from South Africa.
56GF Score
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