Pakistani (KSE) Auto Industry Analysis

Industry Valuation and Performance

Has the Pakistani Auto Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 28 Aug 2026	PK₨592.4b	PK₨942.1b	PK₨85.0b	6.4x	7x	0.6x
Sun, 26 Jul 2026	PK₨578.4b	PK₨912.1b	PK₨82.2b	6.6x	7x	0.6x
Tue, 23 Jun 2026	PK₨608.7b	PK₨912.1b	PK₨82.2b	6.6x	7.4x	0.7x
Thu, 21 May 2026	PK₨595.6b	PK₨884.1b	PK₨81.6b	6.6x	7.3x	0.7x
Sat, 18 Apr 2026	PK₨603.7b	PK₨847.4b	PK₨79.6b	6.6x	7.6x	0.7x
Mon, 16 Mar 2026	PK₨518.5b	PK₨847.4b	PK₨79.6b	5.8x	6.5x	0.6x
Wed, 11 Feb 2026	PK₨651.7b	PK₨822.9b	PK₨77.2b	7.9x	8.4x	0.8x
Fri, 09 Jan 2026	PK₨597.4b	PK₨772.7b	PK₨73.9b	7.1x	8.1x	0.8x
Sun, 07 Dec 2025	PK₨541.8b	PK₨772.7b	PK₨73.9b	6.4x	7.3x	0.7x
Tue, 04 Nov 2025	PK₨571.7b	PK₨746.3b	PK₨71.8b	6.7x	8x	0.8x
Thu, 02 Oct 2025	PK₨566.9b	PK₨692.4b	PK₨66.8b	9.2x	8.5x	0.8x
Sat, 30 Aug 2025	PK₨537.6b	PK₨656.9b	PK₨64.5b	9.7x	8.3x	0.8x
Mon, 28 Jul 2025	PK₨495.6b	PK₨642.1b	PK₨63.1b	9.8x	7.9x	0.8x
Wed, 25 Jun 2025	PK₨421.7b	PK₨631.6b	PK₨62.5b	8.2x	6.7x	0.7x
Fri, 23 May 2025	PK₨387.3b	PK₨524.3b	PK₨45.8b	9.3x	8.4x	0.7x
Sun, 20 Apr 2025	PK₨393.0b	PK₨487.5b	PK₨40.5b	14.9x	9.7x	0.8x
Tue, 18 Mar 2025	PK₨371.9b	PK₨487.5b	PK₨40.5b	13.9x	9.2x	0.8x
Thu, 13 Feb 2025	PK₨372.1b	PK₨457.3b	PK₨36.0b	18.3x	10.3x	0.8x
Sat, 11 Jan 2025	PK₨344.1b	PK₨439.2b	PK₨34.1b	17.2x	10.1x	0.8x
Mon, 09 Dec 2024	PK₨341.0b	PK₨409.5b	PK₨28.7b	14.5x	11.9x	0.8x
Wed, 06 Nov 2024	PK₨338.3b	PK₨406.9b	PK₨29.2b	13.2x	11.6x	0.8x
Fri, 04 Oct 2024	PK₨279.4b	PK₨392.3b	PK₨26.0b	14.8x	10.7x	0.7x
Sun, 01 Sep 2024	PK₨278.3b	PK₨376.2b	PK₨23.3b	15.3x	12x	0.7x
Tue, 30 Jul 2024	PK₨289.3b	PK₨364.0b	PK₨23.2b	18.9x	12.5x	0.8x
Thu, 27 Jun 2024	PK₨247.7b	PK₨364.0b	PK₨23.2b	17.3x	10.7x	0.7x
Sat, 25 May 2024	PK₨252.2b	PK₨366.5b	PK₨21.2b	54.9x	11.9x	0.7x
Mon, 22 Apr 2024	PK₨276.7b	PK₨467.2b	PK₨9.6b	25x	28.8x	0.6x
Wed, 20 Mar 2024	PK₨269.2b	PK₨497.4b	PK₨10.0b	20.4x	27x	0.5x
Fri, 16 Feb 2024	PK₨252.0b	PK₨530.0b	PK₨9.8b	21x	25.8x	0.5x
Sun, 14 Jan 2024	PK₨277.8b	PK₨534.5b	PK₨9.3b	23.2x	29.8x	0.5x
Tue, 12 Dec 2023	PK₨236.5b	PK₨534.5b	PK₨9.3b	25.5x	25.4x	0.4x
Thu, 09 Nov 2023	PK₨188.2b	PK₨537.5b	PK₨6.7b	7.4x	28.1x	0.4x
Sat, 07 Oct 2023	PK₨138.6b	PK₨542.3b	-PK₨1,530,423,000.00	7.2x	-90.5x	0.3x
Mon, 04 Sep 2023	PK₨140.2b	PK₨540.6b	-PK₨1,530,423,000.00	8x	-91.6x	0.3x

Current Industry PE

Investors are relatively neutral on the Pakistani Auto industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 6.4x.

The industry is trading close to its 3-year average PS ratio of 0.67x.

Past Earnings Growth

Total earnings for the Auto industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 20% per year.
This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Pakistani Consumer Discretionary industry?


PK Market	0.21%
Consumer Discretionary	0.22%
Auto	0.069%
Automobile Manufacturers	0.57%
Motorcycle Manufacturers	-0.91%

Industry PE

Investors are most optimistic about the Motorcycle Manufacturers industry, which is trading close to its 3-year average PE ratio of 9.2x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Automobile Manufacturers industry, which is trading below its 3-year average of 19.6x.

Forecasted Growth

Analysts are most optimistic on the Automobile Manufacturers industry, expecting annual earnings growth of 8.0% over the next 5 years.
However this is lower than its past earnings growth rate of 47% per year.

In contrast, the Automobile Manufacturers industry is expected to see its earnings grow by 8.0% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
HCAR Honda Atlas Cars (Pakistan)	PK₨238.08	4.3% +PK₨1.4b	-18.3%	PE7x
GAL Ghandhara Automobiles	PK₨635.29	3.2% +PK₨1.1b	12.8%	PE5.4x
GHNI Ghandhara Industries	PK₨1.30k	1.8% +PK₨961.3m	59.8%	PE8x

Company

Last Price

Valuation

HCAR Honda Atlas Cars (Pakistan)

PK₨238.08

4.3%
+PK₨1.4b

-18.3%

PE7x

GAL Ghandhara Automobiles

PK₨635.29

3.2%
+PK₨1.1b

12.8%

PE5.4x

GHNI Ghandhara Industries

PK₨1.30k

1.8%
+PK₨961.3m

59.8%

PE8x

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 140% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (140% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.

Pakistani (KSE) Auto Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New major risk - Earnings quality

Price target increased by 9.5% to PK₨350

Indus Motor Company Limited to Report Fiscal Year 2026 Results on Aug 29, 2026

First quarter 2027 earnings released: EPS: PK₨48.48 (vs PK₨38.74 in 1Q 2026)

Now 24% undervalued

Price target increased by 10% to PK₨895

Dewan Farooque Motors Limited, Annual General Meeting, Apr 22, 2026