ASN Broker PCL (BKK:ASN-R) Capex-to-Operating-Income: 0.08 (As of Mar. 2026) — 75% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BKK:ASN-R ASN Broker PCL BKK:ASN-R
68 GF Score
Price ฿0.68
GF Value ฿1.06
! 8 Warning Signs
View Full Analysis

What is ASN Broker PCL Capex-to-Operating-Income?

ASN Broker PCL BKK:ASN-R 68 Capex-to-Operating-Income is 0.08 as of Mar. 2026, which is 75% below its 10-year median of 0.32. GuruFocus rates BKK:ASN-R with a GF Score™ of 68/100 and a GF Value™ of ฿1.06. The stock has 8 warning signs investors should review. Among 37 Insurance companies, ASN Broker PCL ranks worse than 64.86% on this metric.

Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.

ASN Broker PCL's Capital Expenditure for the three months ended in Mar. 2026 was ฿-0.51 Mil. Its Operating Income for the three months ended in Mar. 2026 was ฿6.42 Mil.

Hence, ASN Broker PCL's Capex-to-Operating-Income for the three months ended in Mar. 2026 was 0.08.


ASN Broker PCL  (BKK:ASN-R) Capex-to-Operating-Income Explanation

Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.


ASN Broker PCL Capex-to-Operating-Income Related Terms


ASN Broker PCL Capex-to-Operating-Income Historical Data

* Premium members only.

The historical data trend for ASN Broker PCL's Capex-to-Operating-Income 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.

ASN Broker PCL Capex-to-Operating-Income Chart

ASN Broker PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Capex-to-Operating-Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.51 0.27 0.41 0.29

ASN Broker PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Capex-to-Operating-Income 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 0.26 0.39 0.51 0.20 0.08

BKK:ASN-R vs MRSH, AON, AJG: Capex-to-Operating-Income Comparison

For the Insurance Brokers subindustry, ASN Broker PCL's Capex-to-Operating-Income, along with its competitors' market caps and Capex-to-Operating-Income 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.


ASN Broker PCL Capex-to-Operating-Income vs Insurance Industry

For the Insurance industry and Financial Services sector, ASN Broker PCL's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where ASN Broker PCL's Capex-to-Operating-Income falls into.


BKK:ASN-R
68GF Score
ASN Broker PCL BKK:ASN-R
Capex-to-Operating-Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASN Broker PCL Capex-to-Operating-Income Calculation

ASN Broker PCL's Capex-to-Operating-Income for the fiscal year that ended in Dec. 2025 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-5.017) / 17.157
=0.29

ASN Broker PCL's Capex-to-Operating-Income for the quarter that ended in Mar. 2026 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-0.512) / 6.415
=0.08

* 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-Income of 0.08 mean?
ASN Broker PCL (BKK:ASN-R) has a Capex-to-Operating-Income of 0.08 as of Mar. 2026. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on ASN Broker PCL and its competitors. This is 75% below median its historical median of 0.32. Over the past decade, ASN Broker PCL's Capex-to-Operating-Income has ranged from 0.16 to 0.94. According to the industry distribution chart, ASN Broker PCL ranks #24 out of 37 companies in the Insurance industry, placing it in the top 64.9%.
Is ASN Broker PCL's Capex-to-Operating-Income too high?
ASN Broker PCL's current Capex-to-Operating-Income of 0.08 is 75% below median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.94. The Insurance industry median Capex-to-Operating-Income is 0.10. ASN Broker PCL's value of 0.08 is 20% below this industry median. Based on the distribution chart, ASN Broker PCL ranks #24 out of 37 companies in the Insurance industry, which is below the industry midpoint. Overall, ASN Broker PCL has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does ASN Broker PCL's Capex-to-Operating-Income compare to MRSH and AON?
According to the Insurance industry distribution chart, ASN Broker PCL ranks #24 out of 37 companies for Capex-to-Operating-Income. This places ASN Broker PCL in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.10. ASN Broker PCL's value of 0.08 is 20% below this benchmark. Historically, ASN Broker PCL's own Capex-to-Operating-Income has ranged from 0.16 to 0.94 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.10, ASN Broker PCL has consistently been below 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-Income for an Insurance company?
The median Capex-to-Operating-Income among Insurance companies is 0.10, based on 37 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Income significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASN Broker PCL's current Capex-to-Operating-Income of 0.08 is 20% below 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-Income mean?
A high Capex-to-Operating-Income can signal that a stock is expensive relative to its fundamentals. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on ASN Broker PCL and its competitors. For the Insurance industry, the median Capex-to-Operating-Income is 0.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASN Broker PCL's current Capex-to-Operating-Income is 0.08, which is 75% below median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASN Broker PCL stock overvalued right now?
ASN Broker PCL (BKK:ASN-R) has a current Capex-to-Operating-Income of 0.08. The stock's GF Value™ is ฿1.06, compared to a current price of ฿0.68 — trading 35.8% below its estimated fair value. The current Capex-to-Operating-Income is 0.08, which is 75% below median its 10-year median of 0.32 and 20% below the Insurance industry median of 0.10. ASN Broker PCL's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Income calculated?
Capex-to-Operating-Income is calculated from a company's financial statements. For ASN Broker PCL (BKK:ASN-R), the current Capex-to-Operating-Income is 0.08 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 ASN Broker PCL (BKK:ASN-R) Overvalued in 2026?

Based on GuruFocus' analysis, ASN Broker PCL stock appears to be undervalued. The current stock price of ฿0.68 is trading 35.8% below its estimated GF Value™ of ฿1.06.

Key valuation signals for BKK:ASN-R:

  • Capex-to-Operating-Income: 0.08 (75% below median its 10-year median of 0.32)
  • GF Value™: ฿1.06 vs. price of ฿0.68 (35.8% below fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 20% below the Insurance median (#24 of 37)

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


ASN Broker PCL Business Description

Other Exchanges ASN:Thailand
Address Phaholyothin Road, 388 IBM Tower, 16th Floor, Zone B, Samsennai, Phayathai, Bangkok, THA, 10400
ASN Broker PCL is a Thailand-based company operating as a direct non-life insurance broker, mainly focusing on selling automobile insurance products. It has also expanded into the personal loan, title loan, and hire purchase business under the name ASN Finance. The Group's reportable segments are: Insurance Broker, Peer-to-peer lending platform, and Loan. Maximum revenue is generated from the Insurance Broker segment, which includes non-life insurance brokers and life insurance broker services. The Loan segment includes lending services through title loans and hire purchase. The Group is managed and operates principally in Thailand.
68GF Score

Get the complete analysis for BKK:ASN-R

Capex-to-Operating-Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿0.68
Price
฿1.06
GF Value