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Forth Smart Service PCLBKK:FSMART-R -1.89%61 Capex-to-Operating-Income is 0.59 as of Jun. 2026, which is 3% below its 10-year median of 0.61. GuruFocus rates BKK:FSMART-R with a GF Score™ of 61/100 and a GF Value™ of ฿5.69 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 240 Telecommunication Services companies, Forth Smart Service PCL ranks better than 53.75% 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.
Forth Smart Service PCL (BKK:FSMART-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.
Forth Smart Service PCL Capex-to-Operating-Income Related Terms
Forth Smart Service PCL Capex-to-Operating-Income Historical Data
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The historical data trend for Forth Smart Service 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.
Forth Smart Service PCL Capex-to-Operating-Income Chart
BKK:FSMART-R vs VZ, TMUS, T: Capex-to-Operating-Income Comparison
For the Telecom Services subindustry, Forth Smart Service 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.
Forth Smart Service PCL Capex-to-Operating-Income vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Forth Smart Service PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Forth Smart Service 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 0.59 mean?
Forth Smart Service PCL (BKK:FSMART-R) has a Capex-to-Operating-Income of 0.59 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 Forth Smart Service PCL and its competitors. This is near median its historical median of 0.61. Over the past decade, Forth Smart Service PCL's Capex-to-Operating-Income has ranged from 0.24 to 3.32. According to the industry distribution chart, Forth Smart Service PCL ranks #111 out of 240 companies in the Telecommunication Services industry, placing it in the top 46.2%.
Is Forth Smart Service PCL's Capex-to-Operating-Income too high?
Forth Smart Service PCL's current Capex-to-Operating-Income of 0.59 is near median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 3.32. The Telecommunication Services industry median Capex-to-Operating-Income is 0.81. Forth Smart Service PCL's value of 0.59 is 26.7% below this industry median. Based on the distribution chart, Forth Smart Service PCL ranks #111 out of 240 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Forth Smart Service PCL has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forth Smart Service PCL's Capex-to-Operating-Income compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Forth Smart Service PCL ranks #111 out of 240 companies for Capex-to-Operating-Income. This puts Forth Smart Service PCL in the upper half of its industry. The industry median Capex-to-Operating-Income is 0.81. Forth Smart Service PCL's value of 0.59 is 26.7% below this benchmark. Historically, Forth Smart Service PCL's own Capex-to-Operating-Income has ranged from 0.24 to 3.32 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.81, Forth Smart Service 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 a Telecommunication Services company?
The median Capex-to-Operating-Income among Telecommunication Services companies is 0.81, based on 240 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. Forth Smart Service PCL's current Capex-to-Operating-Income of 0.59 is 26.7% 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 Forth Smart Service PCL and its competitors. For the Telecommunication Services industry, the median Capex-to-Operating-Income is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth Smart Service PCL's current Capex-to-Operating-Income is 0.59, which is near median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forth Smart Service PCL stock overvalued right now?
Based on GuruFocus' analysis, Forth Smart Service PCL (BKK:FSMART-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿5.69, compared to a current price of ฿7.00 — trading 23.1% above its estimated fair value. The current Capex-to-Operating-Income is 0.59, which is near median its 10-year median of 0.61 and 26.7% below the Telecommunication Services industry median of 0.81. Forth Smart Service PCL's overall GF Score™ is 61/100 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-Income calculated?
Capex-to-Operating-Income is calculated from a company's financial statements. For Forth Smart Service PCL (BKK:FSMART-R), the current Capex-to-Operating-Income is 0.59 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 Forth Smart Service PCL (BKK:FSMART-R) Overvalued in 2026?
Based on GuruFocus' analysis, Forth Smart Service PCL stock appears to be overvalued.
The current stock price of ฿7.00 is trading 23.1% above its estimated GF Value™ of ฿5.69.
GuruFocus considers Forth Smart Service PCL to be Modestly Overvalued.
Key valuation signals for BKK:FSMART-R:
Capex-to-Operating-Income: 0.59 (near median its 10-year median of 0.61)
GF Value™: ฿5.69 vs. price of ฿7.00 (23.1% above fair value)
Industry Position: 26.7% below the Telecommunication Services median (#111 of 240)
No single metric tells the full story. See the BKK:FSMART-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forth Smart Service PCL is a Thailand-based company engaged in providing prepaid mobile top-up services, money transfer services, and online payment receipt services through electronic top-up machines. The company also provides advertising services through its online top-up machine network. It operates through two reportable segments: Top-up Machine, which provides mobile top-up, payment, and related services through automated machines; and Lending, which provides personal loans and nano finance services. It generates the majority of its revenue from the Top-up machine segment.
61GF Score
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Capex-to-Operating-Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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