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Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
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.
Bangkok Aviation Fuel Services PCL Capex-to-Operating-Income Related Terms
Bangkok Aviation Fuel Services PCL Capex-to-Operating-Income Historical Data
* 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:BAFS-R vs JOBY, CAAP: Capex-to-Operating-Income Comparison
For the Airports & Air Services subindustry, Bangkok Aviation Fuel Services 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.
Bangkok Aviation Fuel Services PCL Capex-to-Operating-Income vs Transportation Industry
For the Transportation industry and Industrials sector, Bangkok Aviation Fuel Services PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Bangkok Aviation Fuel Services PCL's Capex-to-Operating-Income 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-Income of 0.93 mean?
Bangkok Aviation Fuel Services PCL (BKK:BAFS-R) has a Capex-to-Operating-Income of 0.93 as of Jun. 2026. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Bangkok Aviation Fuel Services PCL and its competitors. This is near median its historical median of 0.99. Over the past decade, Bangkok Aviation Fuel Services PCL's Capex-to-Operating-Income has ranged from 0.55 to 13.33. According to the industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #439 out of 691 companies in the Transportation industry, placing it in the top 63.5%.
Is Bangkok Aviation Fuel Services PCL's Capex-to-Operating-Income too high?
Bangkok Aviation Fuel Services PCL's current Capex-to-Operating-Income of 0.93 is near median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 13.33. The Transportation industry median Capex-to-Operating-Income is 0.69. Bangkok Aviation Fuel Services PCL's value of 0.93 is 34.8% above this industry median. Based on the distribution chart, Bangkok Aviation Fuel Services PCL ranks #439 out of 691 companies in the Transportation industry, which is below the industry midpoint. Overall, Bangkok Aviation Fuel Services PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Bangkok Aviation Fuel Services PCL's Capex-to-Operating-Income compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #439 out of 691 companies for Capex-to-Operating-Income. This places Bangkok Aviation Fuel Services PCL in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.69. Bangkok Aviation Fuel Services PCL's value of 0.93 is 34.8% above this benchmark. Historically, Bangkok Aviation Fuel Services PCL's own Capex-to-Operating-Income has ranged from 0.55 to 13.33 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.69, Bangkok Aviation Fuel Services 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-Income for a Transportation company?
The median Capex-to-Operating-Income among Transportation companies is 0.69, based on 691 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. Bangkok Aviation Fuel Services PCL's current Capex-to-Operating-Income of 0.93 is 34.8% 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-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 Bangkok Aviation Fuel Services PCL and its competitors. For the Transportation industry, the median Capex-to-Operating-Income is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Aviation Fuel Services PCL's current Capex-to-Operating-Income is 0.93, which is near median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Aviation Fuel Services PCL stock overvalued right now?
Bangkok Aviation Fuel Services PCL (BKK:BAFS-R) has a current Capex-to-Operating-Income of 0.93. The stock's GF Value™ is ฿11.31, compared to a current price of ฿10.60 — trading 6.3% below its estimated fair value. The current Capex-to-Operating-Income is 0.93, which is near median its 10-year median of 0.99 and 34.8% above the Transportation industry median of 0.69. Bangkok Aviation Fuel Services PCL's overall GF Score™ is 72/100 with 9 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS-R), the current Capex-to-Operating-Income is 0.93 as of Jun. 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS-R) Overvalued in 2026?
Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL stock appears to be undervalued.
The current stock price of ฿10.60 is trading 6.3% below its estimated GF Value™ of ฿11.31.
Key valuation signals for BKK:BAFS-R:
Capex-to-Operating-Income: 0.93 (near median its 10-year median of 0.99)
GF Value™: ฿11.31 vs. price of ฿10.60 (6.3% below fair value)
Industry Position: 34.8% above the Transportation median (#439 of 691)
No single metric tells the full story. See the BKK:BAFS-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bangkok Aviation Fuel Services PCL provides fuel services and storage for multiple airports in Thailand. The company has three operating segments: The aviation segment, the Utility and Power segment, and the business solution segment. The aviation segment provides in-plane service, manufacture, and assembly of hydrant dispensers. The utilities and power segment provides fuel pipeline transportation services, as well as the generation and distribution of electricity from solar power to the government. The business solution segment involves the development, design, manufacture, and sales of innovation and digital products, including the provision of other services. The majority of its revenue is generated from the Aviation segment.
72GF Score
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