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KCE Electronics PCLBKK:KCE-R 68 Capex-to-Operating-Income is 0.46 as of Jun. 2026, which is 12% above its 10-year median of 0.41. GuruFocus rates BKK:KCE-R with a GF Score™ of 68/100 and a GF Value™ of ฿15.12. The stock has 10 warning signs investors should review. Among 1,439 Hardware companies, KCE Electronics PCL ranks worse than 52.95% 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.
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.
KCE Electronics PCL Capex-to-Operating-Income Related Terms
KCE Electronics PCL Capex-to-Operating-Income Historical Data
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The historical data trend for KCE Electronics 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.
BKK:KCE-R vs APH, GLW, TEL: Capex-to-Operating-Income Comparison
For the Electronic Components subindustry, KCE Electronics 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.
KCE Electronics PCL Capex-to-Operating-Income vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where KCE Electronics 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 0.46 mean?
KCE Electronics PCL (BKK:KCE-R) has a Capex-to-Operating-Income of 0.46 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 KCE Electronics PCL and its competitors. This is 12% above median its historical median of 0.41. Over the past decade, KCE Electronics PCL's Capex-to-Operating-Income has ranged from 0.23 to 0.64. According to the industry distribution chart, KCE Electronics PCL ranks #762 out of 1439 companies in the Hardware industry, placing it in the top 53%.
Is KCE Electronics PCL's Capex-to-Operating-Income too high?
KCE Electronics PCL's current Capex-to-Operating-Income of 0.46 is 12% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.64. The Hardware industry median Capex-to-Operating-Income is 0.47. KCE Electronics PCL's value of 0.46 is 2.1% below this industry median. Based on the distribution chart, KCE Electronics PCL ranks #762 out of 1439 companies in the Hardware industry, which is below the industry midpoint. Overall, KCE Electronics PCL has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's Capex-to-Operating-Income compare to APH and GLW?
According to the Hardware industry distribution chart, KCE Electronics PCL ranks #762 out of 1439 companies for Capex-to-Operating-Income. This places KCE Electronics PCL in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.47. KCE Electronics PCL's value of 0.46 is 2.1% below this benchmark. Historically, KCE Electronics PCL's own Capex-to-Operating-Income has ranged from 0.23 to 0.64 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.47, KCE Electronics 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 Hardware company?
The median Capex-to-Operating-Income among Hardware companies is 0.47, based on 1,439 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. KCE Electronics PCL's current Capex-to-Operating-Income of 0.46 is 2.1% 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 KCE Electronics PCL and its competitors. For the Hardware 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. KCE Electronics PCL's current Capex-to-Operating-Income is 0.46, which is 12% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
KCE Electronics PCL (BKK:KCE-R) has a current Capex-to-Operating-Income of 0.46. The stock's GF Value™ is ฿15.12, compared to a current price of ฿24.00 — trading 58.7% above its estimated fair value. The current Capex-to-Operating-Income is 0.46, which is 12% above median its 10-year median of 0.41 and 2.1% below the Hardware industry median of 0.47. KCE Electronics PCL's overall GF Score™ is 68/100 with 10 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 KCE Electronics PCL (BKK:KCE-R), the current Capex-to-Operating-Income is 0.46 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 KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿24.00 is trading 58.7% above its estimated GF Value™ of ฿15.12.
Key valuation signals for BKK:KCE-R:
Capex-to-Operating-Income: 0.46 (12% above median its 10-year median of 0.41)
GF Value™: ฿15.12 vs. price of ฿24.00 (58.7% above fair value)
Industry Position: 2.1% below the Hardware median (#762 of 1439)
No single metric tells the full story. See the BKK:KCE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
68GF Score
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