ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TRG Pakistan's annualized net income for the quarter that ended in Mar. 2026 was ₨-35,857.96 Mil. TRG Pakistan's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₨37,133.99 Mil. Therefore, TRG Pakistan's annualized ROE % for the quarter that ended in Mar. 2026 was -96.56%.
The historical rank and industry rank for TRG Pakistan's ROE % or its related term are showing as below:
KAR:TRG'
s ROE % Range Over the Past 10 Years
Min: -62.45 Med: -1.16 Max: 84.88
Current: -12.38
During the past 13 years, TRG Pakistan's highest ROE % was 84.88%. The lowest was -62.45%. And the median was -1.16%.
KAR:TRG's ROE % is ranked worse than 86.2% of 1058
companies
in the Business Services industry
Industry Median: 8.095
vs KAR:TRG: -12.38
TRG Pakistan (KAR:TRG) 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 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.
TRG Pakistan ROE % Related Terms
TRG Pakistan ROE % Historical Data
* Premium members only.
The historical data trend for TRG Pakistan'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 Specialty Business Services subindustry, TRG Pakistan'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.
TRG Pakistan ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, TRG Pakistan's ROE % distribution charts can be found below:
* The bar in red indicates where TRG Pakistan'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
TRG Pakistan (KAR:TRG) has a ROE % of -96.56% 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 TRG Pakistan and its competitors. According to the industry distribution chart, TRG Pakistan ranks #912 out of 1058 companies in the Business Services industry, placing it in the top 86.2%.
Is TRG Pakistan's ROE % too high?
TRG Pakistan's current ROE % is -96.56%. Based on the distribution chart, TRG Pakistan ranks #912 out of 1058 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, TRG Pakistan has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TRG Pakistan's ROE % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, TRG Pakistan ranks #912 out of 1058 companies for ROE %. This places TRG Pakistan in the lower half of its industry. The industry median ROE % is 8.10. 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 Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 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. 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 TRG Pakistan and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRG Pakistan's current ROE % is -96.56%. 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 ₨36.79, compared to a current price of ₨63.36 — trading 72.2% above its estimated fair value. The current ROE % is -96.56%. TRG Pakistan's overall GF Score™ is 61/100 with 4 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 TRG Pakistan (KAR:TRG), the current ROE % is -96.56% 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 ₨63.36 is trading 72.2% above its estimated GF Value™ of ₨36.79.
GuruFocus considers TRG Pakistan to be Significantly Overvalued.
Key valuation signals for KAR:TRG:
ROE %: -96.56%
GF Value™: ₨36.79 vs. price of ₨63.36 (72.2% above fair value)
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 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.
61GF Score
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