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Netbay PCLBKK:NETBAY -4.96%83 Capex-to-Operating-Cash-Flow is 0.47 as of Mar. 2026, which is 1075% above its 10-year median of 0.04. GuruFocus rates BKK:NETBAY with a GF Score™ of 83/100 and a GF Value™ of ฿20.72 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,369 Software companies, Netbay PCL ranks better than 67.86% on this metric.
Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Netbay PCL Capex-to-Operating-Cash-Flow Related Terms
Netbay PCL Capex-to-Operating-Cash-Flow Historical Data
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The historical data trend for Netbay PCL's Capex-to-Operating-Cash-Flow 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.
BKK:NETBAY vs QH, SHOP, UBER: Capex-to-Operating-Cash-Flow Comparison
For the Software - Application subindustry, Netbay PCL's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow 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.
Netbay PCL Capex-to-Operating-Cash-Flow vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Netbay PCL's Capex-to-Operating-Cash-Flow 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.
What does a Capex-to-Operating-Cash-Flow of 0.47 mean?
Netbay PCL (BKK:NETBAY) has a Capex-to-Operating-Cash-Flow of 0.47 as of Mar. 2026. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Netbay PCL and its competitors. This is 1075% above median its historical median of 0.04. According to the industry distribution chart, Netbay PCL ranks #440 out of 1369 companies in the Software industry, placing it in the top 32.1%.
Is Netbay PCL's Capex-to-Operating-Cash-Flow too high?
Netbay PCL's current Capex-to-Operating-Cash-Flow of 0.47 is 1075% above median its 10-year median of 0.04. The Software industry median Capex-to-Operating-Cash-Flow is 0.25. Netbay PCL's value of 0.47 is 88% above this industry median. Based on the distribution chart, Netbay PCL ranks #440 out of 1369 companies in the Software industry, which is above the industry midpoint. Overall, Netbay PCL has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Capex-to-Operating-Cash-Flow compare to QH and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #440 out of 1369 companies for Capex-to-Operating-Cash-Flow. This puts Netbay PCL in the upper half of its industry. The industry median Capex-to-Operating-Cash-Flow is 0.25. Netbay PCL's value of 0.47 is 88% above this benchmark. While the company's 10-year median is 0.04 vs. the industry median of 0.25, Netbay PCL 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 Capex-to-Operating-Cash-Flow for a Software company?
The median Capex-to-Operating-Cash-Flow among Software companies is 0.25, based on 1,369 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netbay PCL's current Capex-to-Operating-Cash-Flow of 0.47 is 88% 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 Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Netbay PCL and its competitors. For the Software industry, the median Capex-to-Operating-Cash-Flow is 0.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Capex-to-Operating-Cash-Flow is 0.47, which is 1075% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿20.72, compared to a current price of ฿11.50 — trading 44.5% below its estimated fair value. The current Capex-to-Operating-Cash-Flow is 0.47, which is 1075% above median its 10-year median of 0.04 and 88% above the Software industry median of 0.25. Netbay PCL's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For Netbay PCL (BKK:NETBAY), the current Capex-to-Operating-Cash-Flow is 0.47 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿11.50 is trading 44.5% below its estimated GF Value™ of ฿20.72.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
Capex-to-Operating-Cash-Flow: 0.47 (1075% above median its 10-year median of 0.04)
GF Value™: ฿20.72 vs. price of ฿11.50 (44.5% below fair value)
Industry Position: 88% above the Software median (#440 of 1369)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
83GF Score
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Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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