Pakistan National Shipping (KAR:PNSC) 3-Year ROIIC % : 76.96% (As of Jun. 2025) — 108% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:PNSC Pakistan National Shipping Corp Ltd KAR:PNSC
81 GF Score
Price ₨564.50
GF Value ₨302.31
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Pakistan National Shipping 3-Year ROIIC %?

Pakistan National Shipping KAR:PNSC -1.78% 81 3-Year ROIIC % is 76.96 as of Jun. 2025, which is 108% above its 10-year median of 37.04. GuruFocus rates KAR:PNSC with a GF Score™ of 81/100 and a GF Value™ of ₨302.31 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 938 Transportation companies, Pakistan National Shipping ranks better than 92% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Pakistan National Shipping's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 76.96%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Pakistan National Shipping's 3-Year ROIIC % or its related term are showing as below:

KAR:PNSC's 3-Year ROIIC % is ranked better than
92% of 938 companies
in the Transportation industry
Industry Median: 2.005 vs KAR:PNSC: 76.96

Pakistan National Shipping  (KAR:PNSC) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Pakistan National Shipping 3-Year ROIIC % Related Terms


Pakistan National Shipping 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Pakistan National Shipping's 3-Year ROIIC % 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 National Shipping 3-Year ROIIC % Chart

Pakistan National Shipping Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.18 493.65 167.32 95.35 76.96

Pakistan National Shipping Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % 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 0.00 76.96 0.00 0.00 0.00

KAR:PNSC vs KEX: 3-Year ROIIC % Comparison

For the Marine Shipping subindustry, Pakistan National Shipping's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 National Shipping 3-Year ROIIC % vs Transportation Industry

For the Transportation industry and Industrials sector, Pakistan National Shipping's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Pakistan National Shipping's 3-Year ROIIC % falls into.


KAR:PNSC
81GF Score
Pakistan National Shipping Corp Ltd KAR:PNSC
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pakistan National Shipping 3-Year ROIIC % Calculation

Pakistan National Shipping's 3-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 9268.1161056 (Jun. 2025) - 5805.7686392 (Jun. 2022) )/( 43494.84 (Jun. 2025) - 38996.069 (Jun. 2022) )
=3462.3474664/4498.771
=76.96%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 76.96 mean?
Pakistan National Shipping (KAR:PNSC) has a 3-Year ROIIC % of 76.96 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Pakistan National Shipping and its competitors. This is 108% above median its historical median of 37.04. According to the industry distribution chart, Pakistan National Shipping ranks #75 out of 938 companies in the Transportation industry, placing it in the top 8%.
Is Pakistan National Shipping's 3-Year ROIIC % too high?
Pakistan National Shipping's current 3-Year ROIIC % of 76.96 is 108% above median its 10-year median of 37.04. The Transportation industry median 3-Year ROIIC % is 2.01. Pakistan National Shipping's value of 76.96 is 3738.4% above this industry median. Based on the distribution chart, Pakistan National Shipping ranks #75 out of 938 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Pakistan National Shipping has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan National Shipping's 3-Year ROIIC % compare to KEX?
According to the Transportation industry distribution chart, Pakistan National Shipping ranks #75 out of 938 companies for 3-Year ROIIC %. This places Pakistan National Shipping in the top 8% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.01. Pakistan National Shipping's value of 76.96 is 3738.4% above this benchmark. While the company's 10-year median is 37.04 vs. the industry median of 2.01, Pakistan National Shipping 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 3-Year ROIIC % for a Transportation company?
The median 3-Year ROIIC % among Transportation companies is 2.01, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pakistan National Shipping's current 3-Year ROIIC % of 76.96 is 3738.4% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Pakistan National Shipping and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan National Shipping's current 3-Year ROIIC % is 76.96, which is 108% above median its own 10-year median of 37.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan National Shipping stock overvalued right now?
Based on GuruFocus' analysis, Pakistan National Shipping (KAR:PNSC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨302.31, compared to a current price of ₨564.50 — trading 86.7% above its estimated fair value. The current 3-Year ROIIC % is 76.96, which is 108% above median its 10-year median of 37.04 and 3738.4% above the Transportation industry median of 2.01. Pakistan National Shipping's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Pakistan National Shipping (KAR:PNSC), the current 3-Year ROIIC % is 76.96 as of Jun. 2025. 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 National Shipping (KAR:PNSC) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan National Shipping stock appears to be overvalued. The current stock price of ₨564.50 is trading 86.7% above its estimated GF Value™ of ₨302.31. GuruFocus considers Pakistan National Shipping to be Significantly Overvalued.

Key valuation signals for KAR:PNSC:

  • 3-Year ROIIC %: 76.96 (108% above median its 10-year median of 37.04)
  • GF Value™: ₨302.31 vs. price of ₨564.50 (86.7% above fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 3738.4% above the Transportation median (#75 of 938)

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


Pakistan National Shipping Business Description

Address PNSC Building, Moulvi Tamizuddin Khan Road, P.O. BOX No. 5350, Karachi, SD, PAK, 74000
Pakistan National Shipping Corp Ltd, the Holding Company, its subsidiary, and an associate operate in Pakistan's maritime industry. The Group focuses on shipping, vessel chartering, cargo transportation, and property leasing. As the national flag carrier, the company operates a varied fleet, including tankers for energy transport and bulk carriers for transporting a wide range of dry commodities such as iron, fertilizers, coal, and grain. The company also provides comprehensive services such as ocean freight, container shipping, marine and port services, technical support, and leasing solutions. Its key business segments include dry cargo, liquid cargo, and slot charter/break bulk.
81GF Score

Get the complete analysis for KAR:PNSC

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

₨564.50
Price
₨302.31
GF Value