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Maybank Securities (Thailand) PCLBKK:MST-R 55 Capex-to-Operating-Income is 0.12 as of Mar. 2026, which is 71% above its 10-year median of 0.07. GuruFocus rates BKK:MST-R with a GF Score™ of 55/100 and a GF Value™ of ฿5.51. The stock has 8 warning signs investors should review. Among 196 Capital Markets companies, Maybank Securities (Thailand) PCL ranks worse than 510203.57% 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.
Maybank Securities (Thailand) PCL Capex-to-Operating-Income Related Terms
Maybank Securities (Thailand) 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:MST-R vs MS, GS, SCHW: Capex-to-Operating-Income Comparison
For the Capital Markets subindustry, Maybank Securities (Thailand) 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.
Maybank Securities (Thailand) PCL Capex-to-Operating-Income vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) 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 0.12 mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Capex-to-Operating-Income of 0.12 as of Mar. 2026. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Maybank Securities (Thailand) PCL and its competitors. This is 71% above median its historical median of 0.07. Over the past decade, Maybank Securities (Thailand) PCL's Capex-to-Operating-Income has ranged from 0.03 to 0.30. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #999999 out of 196 companies in the Capital Markets industry.
Is Maybank Securities (Thailand) PCL's Capex-to-Operating-Income too high?
Maybank Securities (Thailand) PCL's current Capex-to-Operating-Income of 0.12 is 71% above median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.30. The Capital Markets industry median Capex-to-Operating-Income is 0.09. Maybank Securities (Thailand) PCL's value of 0.12 is 33.3% above this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #999999 out of 196 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Capex-to-Operating-Income compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #999999 out of 196 companies for Capex-to-Operating-Income. This places Maybank Securities (Thailand) PCL in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.09. Maybank Securities (Thailand) PCL's value of 0.12 is 33.3% above this benchmark. Historically, Maybank Securities (Thailand) PCL's own Capex-to-Operating-Income has ranged from 0.03 to 0.30 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 0.09, Maybank Securities (Thailand) 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 Capital Markets company?
The median Capex-to-Operating-Income among Capital Markets companies is 0.09, based on 196 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. Maybank Securities (Thailand) PCL's current Capex-to-Operating-Income of 0.12 is 33.3% 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 Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Capex-to-Operating-Income is 0.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Capex-to-Operating-Income is 0.12, which is 71% above median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Capex-to-Operating-Income of 0.12. The stock's GF Value™ is ฿5.51, compared to a current price of ฿6.85 — trading 24.3% above its estimated fair value. The current Capex-to-Operating-Income is 0.12, which is 71% above median its 10-year median of 0.07 and 33.3% above the Capital Markets industry median of 0.09. Maybank Securities (Thailand) PCL's overall GF Score™ is 55/100 with 8 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current Capex-to-Operating-Income is 0.12 as of Mar. 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 24.3% above its estimated GF Value™ of ฿5.51.
Key valuation signals for BKK:MST-R:
Capex-to-Operating-Income: 0.12 (71% above median its 10-year median of 0.07)
GF Value™: ฿5.51 vs. price of ฿6.85 (24.3% above fair value)
Industry Position: 33.3% above the Capital Markets median (#999999 of 196)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
55GF Score
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