Index International Group PCL (BKK:IND-R) Capex-to-Operating-Income: 0.02 (As of Jun. 2026) — 67% 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:IND-R Index International Group PCL BKK:IND-R
79 GF Score
Price ฿0.84
GF Value ฿1.12
! 5 Warning Signs
View Full Analysis

What is Index International Group PCL Capex-to-Operating-Income?

Index International Group PCL BKK:IND-R -24.32% 79 Capex-to-Operating-Income is 0.02 as of Jun. 2026, which is 67% below its 10-year median of 0.06. GuruFocus rates BKK:IND-R with a GF Score™ of 79/100 and a GF Value™ of ฿1.12. The stock has 5 warning signs investors should review. Among 970 Construction companies, Index International Group PCL ranks better than 90.93% 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.

Index International Group PCL's Capital Expenditure for the three months ended in Jun. 2026 was ฿-0.16 Mil. Its Operating Income for the three months ended in Jun. 2026 was ฿9.31 Mil.

Hence, Index International Group PCL's Capex-to-Operating-Income for the three months ended in Jun. 2026 was 0.02.


Index International Group PCL  (BKK:IND-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.


Index International Group PCL Capex-to-Operating-Income Related Terms


Index International Group PCL Capex-to-Operating-Income Historical Data

* Premium members only.

The historical data trend for Index International Group 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.

Index International Group PCL Capex-to-Operating-Income Chart

Index International Group PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Capex-to-Operating-Income
Get a 7-Day Free Trial 0.06 0.07 0.07 0.03 0.03

Index International Group PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.03 0.01 0.00 0.05 0.02

BKK:IND-R vs PWR, FIX, EME: Capex-to-Operating-Income Comparison

For the Engineering & Construction subindustry, Index International Group 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.


Index International Group PCL Capex-to-Operating-Income vs Construction Industry

For the Construction industry and Industrials sector, Index International Group PCL's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Index International Group PCL's Capex-to-Operating-Income falls into.


BKK:IND-R
79GF Score
Index International Group PCL BKK:IND-R
Capex-to-Operating-Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Index International Group PCL Capex-to-Operating-Income Calculation

Index International Group 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
=- (-2.729) / 94.373
=0.03

Index International Group PCL's Capex-to-Operating-Income for the quarter that ended in Jun. 2026 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-0.157) / 9.314
=0.02

* 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 0.02 mean?
Index International Group PCL (BKK:IND-R) has a Capex-to-Operating-Income of 0.02 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 Index International Group PCL and its competitors. This is 67% below median its historical median of 0.06. Over the past decade, Index International Group PCL's Capex-to-Operating-Income has ranged from 0.03 to 0.07. According to the industry distribution chart, Index International Group PCL ranks #88 out of 970 companies in the Construction industry, placing it in the top 9.1%.
Is Index International Group PCL's Capex-to-Operating-Income too high?
Index International Group PCL's current Capex-to-Operating-Income of 0.02 is 67% below median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.07. The Construction industry median Capex-to-Operating-Income is 0.32. Index International Group PCL's value of 0.02 is 93.8% below this industry median. Based on the distribution chart, Index International Group PCL ranks #88 out of 970 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Index International Group PCL has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Index International Group PCL's Capex-to-Operating-Income compare to PWR and FIX?
According to the Construction industry distribution chart, Index International Group PCL ranks #88 out of 970 companies for Capex-to-Operating-Income. This places Index International Group PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Capex-to-Operating-Income is 0.32. Index International Group PCL's value of 0.02 is 93.8% below this benchmark. Historically, Index International Group PCL's own Capex-to-Operating-Income has ranged from 0.03 to 0.07 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.32, Index International Group 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 Construction company?
The median Capex-to-Operating-Income among Construction companies is 0.32, based on 970 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. Index International Group PCL's current Capex-to-Operating-Income of 0.02 is 93.8% 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 Index International Group PCL and its competitors. For the Construction industry, the median Capex-to-Operating-Income is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Index International Group PCL's current Capex-to-Operating-Income is 0.02, which is 67% below median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index International Group PCL stock overvalued right now?
Index International Group PCL (BKK:IND-R) has a current Capex-to-Operating-Income of 0.02. The stock's GF Value™ is ฿1.12, compared to a current price of ฿0.84 — trading 25% below its estimated fair value. The current Capex-to-Operating-Income is 0.02, which is 67% below median its 10-year median of 0.06 and 93.8% below the Construction industry median of 0.32. Index International Group PCL's overall GF Score™ is 79/100 with 5 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 Index International Group PCL (BKK:IND-R), the current Capex-to-Operating-Income is 0.02 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 Index International Group PCL (BKK:IND-R) Overvalued in 2026?

Based on GuruFocus' analysis, Index International Group PCL stock appears to be undervalued. The current stock price of ฿0.84 is trading 25% below its estimated GF Value™ of ฿1.12.

Key valuation signals for BKK:IND-R:

  • Capex-to-Operating-Income: 0.02 (67% below median its 10-year median of 0.06)
  • GF Value™: ฿1.12 vs. price of ฿0.84 (25% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 93.8% below the Construction median (#88 of 970)

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


Index International Group PCL Business Description

Other Exchanges IND:Thailand
Address 1/814 Moo 17, Soi Amphon, Phaholyothin Road, Kukot, Lumlukka, Pathumthani, THA, 12130
Index International Group PCL is an engineering consultancy firm offering detailed design services, project management services, and detailed design construction. Its services include a wide range of services in specialized fields such as project planning, city, and district planning, architectural design involving landscaping and architecture, and engineering design involving structural, electrical, mechanical, transportation, sanitary, geotechnical, environmental, and water resources engineering. The group operates in Thailand.
79GF Score

Get the complete analysis for BKK:IND-R

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

฿0.84
Price
฿1.12
GF Value