Pakistani (KSE) Food Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 10 Aug 2026	PK₨1.3t	PK₨1.3t	PK₨60.6b	15.1x	21.2x	1x
Wed, 08 Jul 2026	PK₨1.3t	PK₨1.3t	PK₨66.0b	13x	20.1x	1x
Fri, 05 Jun 2026	PK₨1.3t	PK₨1.3t	PK₨65.4b	14.1x	19.6x	1x
Sun, 03 May 2026	PK₨1.2t	PK₨1.3t	PK₨62.5b	13.1x	19.1x	0.9x
Tue, 31 Mar 2026	PK₨1.1t	PK₨1.3t	PK₨59.4b	12.7x	18.7x	0.9x
Thu, 26 Feb 2026	PK₨1.2t	PK₨1.3t	PK₨58.7b	12.7x	20.3x	0.9x
Sat, 24 Jan 2026	PK₨1.3t	PK₨1.3t	PK₨54.4b	17.3x	23.1x	1x
Mon, 22 Dec 2025	PK₨1.3t	PK₨1.3t	PK₨49.6b	19.1x	25.3x	1x
Wed, 19 Nov 2025	PK₨1.2t	PK₨1.3t	PK₨48.3b	19x	25.6x	1x
Fri, 17 Oct 2025	PK₨1.3t	PK₨1.3t	PK₨45.1b	24.1x	27.8x	1x
Sun, 14 Sep 2025	PK₨1.3t	PK₨1.3t	PK₨42.3b	21.6x	30.2x	1x
Tue, 12 Aug 2025	PK₨1.3t	PK₨1.3t	PK₨42.3b	20.6x	30.7x	1x
Thu, 10 Jul 2025	PK₨1.2t	PK₨1.3t	PK₨32.8b	22x	35.1x	0.9x
Sat, 07 Jun 2025	PK₨1.1t	PK₨1.3t	PK₨33.1b	20.4x	33.3x	0.9x
Mon, 05 May 2025	PK₨1.0t	PK₨1.3t	PK₨34.2b	18.5x	30.2x	0.8x
Wed, 02 Apr 2025	PK₨1.0t	PK₨1.3t	PK₨31.7b	19.4x	33.1x	0.8x
Fri, 28 Feb 2025	PK₨1.0t	PK₨1.3t	PK₨32.8b	16.1x	31.8x	0.8x
Sun, 26 Jan 2025	PK₨1.0t	PK₨1.3t	PK₨42.9b	15.6x	24x	0.8x
Tue, 24 Dec 2024	PK₨1.0t	PK₨1.2t	PK₨46.8b	9.9x	21.8x	0.8x
Thu, 21 Nov 2024	PK₨913.8b	PK₨1.2t	PK₨47.9b	9x	19.1x	0.7x
Sat, 19 Oct 2024	PK₨881.3b	PK₨1.3t	PK₨49.9b	8.7x	17.7x	0.7x
Mon, 16 Sep 2024	PK₨893.9b	PK₨1.3t	PK₨53.1b	12x	16.8x	0.7x
Wed, 14 Aug 2024	PK₨885.4b	PK₨1.3t	PK₨55.1b	11.6x	16.1x	0.7x
Fri, 12 Jul 2024	PK₨892.2b	PK₨1.2t	PK₨63.1b	10.9x	14.1x	0.7x
Sun, 09 Jun 2024	PK₨867.8b	PK₨1.2t	PK₨62.5b	9.7x	13.9x	0.7x
Tue, 07 May 2024	PK₨882.8b	PK₨1.2t	PK₨67.7b	4.7x	13x	0.7x
Thu, 04 Apr 2024	PK₨881.4b	PK₨1.2t	PK₨69.7b	5.5x	12.6x	0.7x
Sat, 02 Mar 2024	PK₨912.4b	PK₨1.1t	PK₨72.7b	5.2x	12.6x	0.8x
Mon, 29 Jan 2024	PK₨942.8b	PK₨1.1t	PK₨68.0b	5.9x	13.9x	0.8x
Wed, 27 Dec 2023	PK₨919.2b	PK₨1.1t	PK₨66.5b	9.4x	13.8x	0.8x
Fri, 24 Nov 2023	PK₨941.2b	PK₨1.1t	PK₨69.7b	9.4x	13.5x	0.8x
Sun, 22 Oct 2023	PK₨806.7b	PK₨1.1t	PK₨63.0b	7.5x	12.8x	0.8x
Tue, 19 Sep 2023	PK₨774.9b	PK₨1.0t	PK₨61.4b	6.6x	12.6x	0.7x
Thu, 17 Aug 2023	PK₨823.4b	PK₨1.0t	PK₨60.3b	6.4x	13.7x	0.8x

Current Industry PE

Investors are relatively neutral on the Pakistani Food 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 21.0x.

The industry is trading close to its 3-year average PS ratio of 0.84x.

Past Earnings Growth

The earnings for companies in the Food industry have remained mostly flat over the last three years.
Meanwhile revenues for these companies have grown 8.4% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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


PK Market	2.43%
Consumer Staples	0.28%
Food	0.35%
Agricultural Products	4.34%
Packaged Foods and Meats	0.32%

Industry PE

Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 8.0x.

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

Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average of 20.4x.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
FCEPL FrieslandCampina Engro Pakistan	PK₨121.30	16.2% +PK₨13.0b	40.3%	PE26.9x
TICL Thal Industries	PK₨1.48k	28.3% +PK₨4.9b	162.1%	PE13.7x
NATF National Foods	PK₨398.07	3.2% +PK₨2.9b	14.1%	PE12.7x
RMPL Rafhan Maize Products	PK₨9.47k	2.3% +PK₨2.0b	-2.5%	PE13.2x
UNITY Unity Foods	PK₨11.51	15.6% +PK₨1.9b	-62.5%	PE8.2x

New major risk - Revenue and earnings growth

Earnings have declined by 0.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 0.1% per year over the past 5 years. High level of non-cash earnings (46% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨15.3b market cap, or US$55.0m).

Pakistani (KSE) Food Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 19%

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Third quarter 2026 earnings released: PK₨24.60 loss per share (vs PK₨4.07 profit in 3Q 2025)

Third quarter 2026 earnings released: EPS: PK₨1.06 (vs PK₨0.19 in 3Q 2025)

Second quarter 2026 earnings released: EPS: PK₨0.10 (vs PK₨0.16 in 2Q 2025)

New major risk - Revenue and earnings growth

Third quarter 2026 earnings released: EPS: PK₨1.97 (vs PK₨12.43 in 3Q 2025)

Dividend of PK₨213 announced

New minor risk - Share price stability

Rafhan Maize Products Co Ltd Announces Board and Management Changes, Effective July 8, 2026

Unilever Pakistan Foods Limited to Report First Half, 2026 Results on Aug 27, 2026

Mitchell's Fruit Farms Limited Announces Head of Internal Audit Changes

Third quarter 2026 earnings released: EPS: PK₨11.39 (vs PK₨7.85 in 3Q 2025)