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.
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.
Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
Fine Metal Technologies PCL (BKK:FMT-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.
Fine Metal Technologies PCL Capex-to-Operating-Income Related Terms
Fine Metal Technologies 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.
Fine Metal Technologies PCL Capex-to-Operating-Income Chart
BKK:FMT-R vs CRS, ATI, MLI: Capex-to-Operating-Income Comparison
For the Metal Fabrication subindustry, Fine Metal Technologies 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.
Fine Metal Technologies PCL Capex-to-Operating-Income vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fine Metal Technologies PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Fine Metal Technologies 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 0.09 mean?
Fine Metal Technologies PCL (BKK:FMT-R) has a Capex-to-Operating-Income of 0.09 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 Fine Metal Technologies PCL and its competitors. This is 65% below median its historical median of 0.26. Over the past decade, Fine Metal Technologies PCL's Capex-to-Operating-Income has ranged from 0.06 to 1.48. According to the industry distribution chart, Fine Metal Technologies PCL ranks #1025 out of 1835 companies in the Industrial Products industry, placing it in the top 55.9%.
Is Fine Metal Technologies PCL's Capex-to-Operating-Income too high?
Fine Metal Technologies PCL's current Capex-to-Operating-Income of 0.09 is 65% below median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.48. The Industrial Products industry median Capex-to-Operating-Income is 0.47. Fine Metal Technologies PCL's value of 0.09 is 80.9% below this industry median. Based on the distribution chart, Fine Metal Technologies PCL ranks #1025 out of 1835 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Fine Metal Technologies PCL has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Fine Metal Technologies PCL's Capex-to-Operating-Income compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Fine Metal Technologies PCL ranks #1025 out of 1835 companies for Capex-to-Operating-Income. This places Fine Metal Technologies PCL in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.47. Fine Metal Technologies PCL's value of 0.09 is 80.9% below this benchmark. Historically, Fine Metal Technologies PCL's own Capex-to-Operating-Income has ranged from 0.06 to 1.48 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.47, Fine Metal Technologies 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 Industrial Products company?
The median Capex-to-Operating-Income among Industrial Products companies is 0.47, based on 1,835 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. Fine Metal Technologies PCL's current Capex-to-Operating-Income of 0.09 is 80.9% 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 Fine Metal Technologies PCL and its competitors. For the Industrial Products industry, the median Capex-to-Operating-Income is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fine Metal Technologies PCL's current Capex-to-Operating-Income is 0.09, which is 65% below median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fine Metal Technologies PCL stock overvalued right now?
Fine Metal Technologies PCL (BKK:FMT-R) has a current Capex-to-Operating-Income of 0.09. The stock's GF Value™ is ฿30.09, compared to a current price of ฿18.97 — trading 37% below its estimated fair value. The current Capex-to-Operating-Income is 0.09, which is 65% below median its 10-year median of 0.26 and 80.9% below the Industrial Products industry median of 0.47. Fine Metal Technologies PCL's overall GF Score™ is 51/100 with 6 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 Fine Metal Technologies PCL (BKK:FMT-R), the current Capex-to-Operating-Income is 0.09 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 Fine Metal Technologies PCL (BKK:FMT-R) Overvalued in 2026?
Based on GuruFocus' analysis, Fine Metal Technologies PCL stock appears to be undervalued.
The current stock price of ฿18.97 is trading 37% below its estimated GF Value™ of ฿30.09.
Key valuation signals for BKK:FMT-R:
Capex-to-Operating-Income: 0.09 (65% below median its 10-year median of 0.26)
GF Value™: ฿30.09 vs. price of ฿18.97 (37% below fair value)
Industry Position: 80.9% below the Industrial Products median (#1025 of 1835)
No single metric tells the full story. See the BKK:FMT-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fine Metal Technologies PCL is engaged in the manufacturing and distribution of a seamless copper tube, which is an important component for air-conditioners and refrigerator equipment. Its products include Smooth Tube, Multi Groove Tube, Accumulator Tube, and Capillary Tube. Geographically, the company operates in Thailand, Malaysia, Japan, and Other countries.
51GF Score
Get the complete analysis for BKK:FMT-R
Capex-to-Operating-Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:FMT-R has been successfully added to your 
