Pakistan National Shipping (KAR:PNSC) Scaled Net Operating Assets: 0.85 (As of Mar. 2026)


KAR:PNSC Pakistan National Shipping Corp Ltd KAR:PNSC
80 GF Score
Price ₨649.37
GF Value ₨300.83
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Pakistan National Shipping Scaled Net Operating Assets?

Pakistan National Shipping KAR:PNSC +3.50% 80 Scaled Net Operating Assets is 0.85 as of Mar. 2026. GuruFocus rates KAR:PNSC with a GF Score™ of 80/100 and a GF Value™ of ₨300.83 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pakistan National Shipping's operating assets for the quarter that ended in Mar. 2026 was ₨122,649 Mil. Pakistan National Shipping's operating liabilities for the quarter that ended in Mar. 2026 was ₨24,849 Mil. Pakistan National Shipping's Total Assets for the quarter that ended in Dec. 2025 was ₨115,175 Mil. Therefore, Pakistan National Shipping's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.85.


Pakistan National Shipping Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Pakistan National Shipping's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Pakistan National Shipping Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.73 0.82 0.52 0.38

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
Scaled Net Operating Assets 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 0.35 0.34 0.33 0.41 0.85

KAR:PNSC vs KEX: Scaled Net Operating Assets Comparison

For the Marine Shipping subindustry, Pakistan National Shipping's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Pakistan National Shipping's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Pakistan National Shipping's Scaled Net Operating Assets falls into.


KAR:PNSC
80GF Score
Pakistan National Shipping Corp Ltd KAR:PNSC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Pakistan National Shipping Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pakistan National Shipping's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(45866.679-8352.528)/99894.034
=0.38

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=113823.143 - 67956.464
=45866.679

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10318.779 - 1094.969 - 871.282
=8352.528

Pakistan National Shipping's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(122648.612-24849.101)/115174.942
=0.85

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=174519.728 - 51871.116
=122648.612

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=70046.356 - 42633.333 - 2563.922
=24849.101

* 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.

What does a Scaled Net Operating Assets of 0.85 mean?
Pakistan National Shipping (KAR:PNSC) has a Scaled Net Operating Assets of 0.85 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pakistan National Shipping and its competitors.
Is Pakistan National Shipping's Scaled Net Operating Assets too high?
Pakistan National Shipping's current Scaled Net Operating Assets is 0.85. Overall, Pakistan National Shipping has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan National Shipping's Scaled Net Operating Assets compare to KEX?
Pakistan National Shipping's Scaled Net Operating Assets of 0.85 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Transportation company?
A good Scaled Net Operating Assets depends on the Transportation industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pakistan National Shipping and its competitors. Pakistan National Shipping's current Scaled Net Operating Assets is 0.85. 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 ₨300.83, compared to a current price of ₨649.37 — trading 115.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.85. Pakistan National Shipping's overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Pakistan National Shipping (KAR:PNSC), the current Scaled Net Operating Assets is 0.85 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 National Shipping (KAR:PNSC) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan National Shipping stock appears to be overvalued. The current stock price of ₨649.37 is trading 115.9% above its estimated GF Value™ of ₨300.83. GuruFocus considers Pakistan National Shipping to be Significantly Overvalued.

Key valuation signals for KAR:PNSC:

  • Scaled Net Operating Assets: 0.85
  • GF Value™: ₨300.83 vs. price of ₨649.37 (115.9% above fair value)
  • GF Score™: 80/100 with 5 warning signs

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.
80GF Score

Get the complete analysis for KAR:PNSC

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨649.37
Price
₨300.83
GF Value