Pakistan State Oil Co (KAR:PSO) ROE %: 35.41% (As of Mar. 2026) — 194% Above Median


KAR:PSO Pakistan State Oil Co Ltd KAR:PSO
82 GF Score
Price ₨350.91
GF Value ₨253.11
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Pakistan State Oil Co ROE %?

Pakistan State Oil Co KAR:PSO 82 ROE % is 35.41% as of Mar. 2026, which is 194% above its 10-year median of 12.04. GuruFocus rates KAR:PSO with a GF Score™ of 82/100 and a GF Value™ of ₨253.11 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 957 Oil & Gas companies, Pakistan State Oil Co ranks better than 78.58% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Pakistan State Oil Co's annualized net income for the quarter that ended in Mar. 2026 was ₨98,751 Mil. Pakistan State Oil Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₨278,876 Mil. Therefore, Pakistan State Oil Co's annualized ROE % for the quarter that ended in Mar. 2026 was 35.41%.

The historical rank and industry rank for Pakistan State Oil Co's ROE % or its related term are showing as below:

KAR:PSO' s ROE % Range Over the Past 10 Years
Min: -9.36   Med: 12.04   Max: 50.59
Current: 16.28

During the past 13 years, Pakistan State Oil Co's highest ROE % was 50.59%. The lowest was -9.36%. And the median was 12.04%.

KAR:PSO's ROE % is ranked better than
78.58% of 957 companies
in the Oil & Gas industry
Industry Median: 5.71 vs KAR:PSO: 16.28

Pakistan State Oil Co  (KAR:PSO) 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
=98751.356/278875.7025
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(98751.356 / 3165887.488)*(3165887.488 / 1170782.2265)*(1170782.2265 / 278875.7025)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.12 %*2.7041*4.1982
=ROA %*Equity Multiplier
=8.44 %*4.1982
=35.41 %

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
=98751.356/278875.7025
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (98751.356 / 276172.464) * (276172.464 / 286747.012) * (286747.012 / 3165887.488) * (3165887.488 / 1170782.2265) * (1170782.2265 / 278875.7025)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.3576 * 0.9631 * 9.06 % * 2.7041 * 4.1982
=35.41 %

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.


Pakistan State Oil Co ROE % Related Terms


Pakistan State Oil Co ROE % Historical Data

* Premium members only.

The historical data trend for Pakistan State Oil Co'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.

Pakistan State Oil Co ROE % Chart

Pakistan State Oil Co 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 23.26 50.59 4.18 7.84 6.59

Pakistan State Oil Co 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 5.00 6.46 16.07 6.27 35.41

KAR:PSO vs VLO, MPC, PSX: ROE % Comparison

For the Oil & Gas Refining & Marketing subindustry, Pakistan State Oil Co'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.


Pakistan State Oil Co ROE % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pakistan State Oil Co's ROE % distribution charts can be found below:

* The bar in red indicates where Pakistan State Oil Co's ROE % falls into.


KAR:PSO
82GF Score
Pakistan State Oil Co Ltd KAR:PSO
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Pakistan State Oil Co ROE % Calculation

Pakistan State Oil Co'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 )
=16444.491/( (242318.09+256864.203)/ 2 )
=16444.491/249591.1465
=6.59 %

Pakistan State Oil Co'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 )
=98751.356/( (266286.147+291465.258)/ 2 )
=98751.356/278875.7025
=35.41 %

* 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 35.41% mean?
Pakistan State Oil Co (KAR:PSO) has a ROE % of 35.41% 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 Pakistan State Oil Co and its competitors. This is 194% above median its historical median of 12.04. According to the industry distribution chart, Pakistan State Oil Co ranks #205 out of 957 companies in the Oil & Gas industry, placing it in the top 21.4%.
Is Pakistan State Oil Co's ROE % too high?
Pakistan State Oil Co's current ROE % of 35.41% is 194% above median its 10-year median of 12.04. The Oil & Gas industry median ROE % is 5.71. Pakistan State Oil Co's value of 35.41% is 520.1% above this industry median. Based on the distribution chart, Pakistan State Oil Co ranks #205 out of 957 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Pakistan State Oil Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan State Oil Co's ROE % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Pakistan State Oil Co ranks #205 out of 957 companies for ROE %. This places Pakistan State Oil Co in the top 21% of its industry — outperforming the majority of peers. The industry median ROE % is 5.71. Pakistan State Oil Co's value of 35.41% is 520.1% above this benchmark. While the company's 10-year median is 12.04 vs. the industry median of 5.71, Pakistan State Oil Co 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 an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.71, based on 957 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. Pakistan State Oil Co's current ROE % of 35.41% is 520.1% 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 Pakistan State Oil Co and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan State Oil Co's current ROE % is 35.41%, which is 194% above median its own 10-year median of 12.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan State Oil Co stock overvalued right now?
Based on GuruFocus' analysis, Pakistan State Oil Co (KAR:PSO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨253.11, compared to a current price of ₨350.91 — trading 38.6% above its estimated fair value. The current ROE % is 35.41%, which is 194% above median its 10-year median of 12.04 and 520.1% above the Oil & Gas industry median of 5.71. Pakistan State Oil Co's overall GF Score™ is 82/100 with 2 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 Pakistan State Oil Co (KAR:PSO), the current ROE % is 35.41% 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 State Oil Co (KAR:PSO) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan State Oil Co stock appears to be overvalued. The current stock price of ₨350.91 is trading 38.6% above its estimated GF Value™ of ₨253.11. GuruFocus considers Pakistan State Oil Co to be Significantly Overvalued.

Key valuation signals for KAR:PSO:

  • ROE %: 35.41% (194% above median its 10-year median of 12.04)
  • GF Value™: ₨253.11 vs. price of ₨350.91 (38.6% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 520.1% above the Oil & Gas median (#205 of 957)

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


Pakistan State Oil Co Business Description

Industry EnergyOil & Gas
Address PSO House, Khayaban-e-Iqbal, Clifton, Karachi, SD, PAK, 75600
Pakistan State Oil Co Ltd is engaged in the procurement, storage, and marketing of petroleum and related products. It also blends and markets lubricating oils. It comprises three reportable segments: Petroleum products, Liquefied Natural Gas (LNG), and Others. The majority of the company's revenues are derived from the petroleum products segment.
82GF Score

Get the complete analysis for KAR:PSO

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

₨350.91
Price
₨253.11
GF Value