Ghani Glass (KAR:GHGL) ROE %: 22.98% (As of Mar. 2026) — Near Median


KAR:GHGL Ghani Glass Ltd KAR:GHGL
84 GF Score
Price ₨38.78
GF Value ₨32.26
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Ghani Glass ROE %?

Ghani Glass KAR:GHGL 84 ROE % is 22.98% as of Mar. 2026, which is 6% above its 10-year median of 21.74. GuruFocus rates KAR:GHGL with a GF Score™ of 84/100 and a GF Value™ of ₨32.26 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 392 Packaging & Containers companies, Ghani Glass ranks better than 86.99% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ghani Glass's annualized net income for the quarter that ended in Mar. 2026 was ₨9,160 Mil. Ghani Glass's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₨39,861 Mil. Therefore, Ghani Glass's annualized ROE % for the quarter that ended in Mar. 2026 was 22.98%.

The historical rank and industry rank for Ghani Glass's ROE % or its related term are showing as below:

KAR:GHGL' s ROE % Range Over the Past 10 Years
Min: 9.57   Med: 21.74   Max: 33.16
Current: 15.87

During the past 13 years, Ghani Glass's highest ROE % was 33.16%. The lowest was 9.57%. And the median was 21.74%.

KAR:GHGL's ROE % is ranked better than
86.99% of 392 companies
in the Packaging & Containers industry
Industry Median: 5.375 vs KAR:GHGL: 15.87

Ghani Glass  (KAR:GHGL) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=9159.664/39860.7205
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(9159.664 / 50730.5)*(50730.5 / 53632.503)*(53632.503 / 39860.7205)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.06 %*0.9459*1.3455
=ROA %*Equity Multiplier
=17.08 %*1.3455
=22.98 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=9159.664/39860.7205
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (9159.664 / 9746.32) * (9746.32 / 9434.836) * (9434.836 / 50730.5) * (50730.5 / 53632.503) * (53632.503 / 39860.7205)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9398 * 1.033 * 18.6 % * 0.9459 * 1.3455
=22.98 %

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


Ghani Glass ROE % Related Terms


Ghani Glass ROE % Historical Data

* Premium members only.

The historical data trend for Ghani Glass'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.

Ghani Glass ROE % Chart

Ghani Glass Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.40 32.10 33.16 21.69 16.20

Ghani Glass Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 18.02 15.92 7.20 17.20 22.98

KAR:GHGL vs SW, PKG, AMCR: ROE % Comparison

For the Packaging & Containers subindustry, Ghani Glass'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.


Ghani Glass ROE % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ghani Glass's ROE % distribution charts can be found below:

* The bar in red indicates where Ghani Glass's ROE % falls into.


KAR:GHGL
84GF Score
Ghani Glass Ltd KAR:GHGL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ghani Glass ROE % Calculation

Ghani Glass's annualized ROE % for the fiscal year that ended in Jun. 2025 is calculated as

ROE %=Net Income (A: Jun. 2025 )/( (Total Stockholders Equity (A: Jun. 2024 )+Total Stockholders Equity (A: Jun. 2025 ))/ count )
=5902.283/( (33951.981+38894.614)/ 2 )
=5902.283/36423.2975
=16.20 %

Ghani Glass's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=9159.664/( (39215.62+40505.821)/ 2 )
=9159.664/39860.7205
=22.98 %

* 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 four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 22.98% mean?
Ghani Glass (KAR:GHGL) has a ROE % of 22.98% 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 Ghani Glass and its competitors. This is near median its historical median of 21.74. Over the past decade, Ghani Glass' ROE % has ranged from 9.57 to 33.16. According to the industry distribution chart, Ghani Glass ranks #51 out of 392 companies in the Packaging & Containers industry, placing it in the top 13%.
Is Ghani Glass' ROE % too high?
Ghani Glass' current ROE % of 22.98% is near median its 10-year median of 21.74. Over the past 10 years, this metric has ranged from a low of 9.57 to a high of 33.16. The Packaging & Containers industry median ROE % is 5.38. Ghani Glass' value of 22.98% is 327.5% above this industry median. Based on the distribution chart, Ghani Glass ranks #51 out of 392 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Ghani Glass has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ghani Glass' ROE % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Ghani Glass ranks #51 out of 392 companies for ROE %. This places Ghani Glass in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 5.38. Ghani Glass' value of 22.98% is 327.5% above this benchmark. Historically, Ghani Glass' own ROE % has ranged from 9.57 to 33.16 over the past decade. While the company's 10-year median is 21.74 vs. the industry median of 5.38, Ghani Glass 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 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. Ghani Glass's current ROE % of 22.98% is 327.5% 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 Ghani Glass 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. Ghani Glass's current ROE % is 22.98%, which is near median its own 10-year median of 21.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ghani Glass stock overvalued right now?
Based on GuruFocus' analysis, Ghani Glass (KAR:GHGL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨32.26, compared to a current price of ₨38.78 — trading 20.2% above its estimated fair value. The current ROE % is 22.98%, which is near median its 10-year median of 21.74 and 327.5% above the Packaging & Containers industry median of 5.38. Ghani Glass' overall GF Score™ is 84/100 with 1 warning sign 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 Ghani Glass (KAR:GHGL), the current ROE % is 22.98% 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 Ghani Glass (KAR:GHGL) Overvalued in 2026?

Based on GuruFocus' analysis, Ghani Glass stock appears to be overvalued. The current stock price of ₨38.78 is trading 20.2% above its estimated GF Value™ of ₨32.26. GuruFocus considers Ghani Glass to be Modestly Overvalued.

Key valuation signals for KAR:GHGL:

  • ROE %: 22.98% (near median its 10-year median of 21.74)
  • GF Value™: ₨32.26 vs. price of ₨38.78 (20.2% above fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 327.5% above the Packaging & Containers median (#51 of 392)

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


Ghani Glass Business Description

Address 40-L Model Town Extension, Ghani Complex, Lahore, PB, PAK
Ghani Glass Ltd is involved in manufacturing and selling float and container glass products in Pakistan. The company offers clear, green, brown, reflective, blue, grey, and figured glass products. It also provides amber and clear pharmaceutical glass containers, flint and green beverages glass containers, and clear food glass containers. Geographically, it derives a majority of its revenue from Pakistan.
84GF Score

Get the complete analysis for KAR:GHGL

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨38.78
Price
₨32.26
GF Value