Nonthavej Hospital PCL (BKK:NTV-R) Capex-to-Operating-Income: 0.98 (As of Jun. 2026) — 172% Above 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:NTV-R Nonthavej Hospital PCL BKK:NTV-R
72 GF Score
Price ฿19.20
GF Value ฿31.62
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Nonthavej Hospital PCL Capex-to-Operating-Income?

Nonthavej Hospital PCL BKK:NTV-R 72 Capex-to-Operating-Income is 0.98 as of Jun. 2026, which is 172% above its 10-year median of 0.36. GuruFocus rates BKK:NTV-R with a GF Score™ of 72/100 and a GF Value™ of ฿31.62 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 353 Healthcare Providers & Services companies, Nonthavej Hospital PCL ranks worse than 61.19% 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.

Nonthavej Hospital PCL's Capital Expenditure for the three months ended in Jun. 2026 was ฿-41.73 Mil. Its Operating Income for the three months ended in Jun. 2026 was ฿42.58 Mil.

Hence, Nonthavej Hospital PCL's Capex-to-Operating-Income for the three months ended in Jun. 2026 was 0.98.


Nonthavej Hospital PCL  (BKK:NTV-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.


Nonthavej Hospital PCL Capex-to-Operating-Income Related Terms


Nonthavej Hospital PCL Capex-to-Operating-Income Historical Data

* Premium members only.

The historical data trend for Nonthavej Hospital 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.

Nonthavej Hospital PCL Capex-to-Operating-Income Chart

Nonthavej Hospital PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Capex-to-Operating-Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.27 0.34 0.40 0.76

Nonthavej Hospital 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 1.00 0.71 0.66 0.67 0.98

BKK:NTV-R vs HCA, THC, EHC: Capex-to-Operating-Income Comparison

For the Medical Care Facilities subindustry, Nonthavej Hospital 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.


Nonthavej Hospital PCL Capex-to-Operating-Income vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nonthavej Hospital PCL's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Nonthavej Hospital PCL's Capex-to-Operating-Income falls into.


BKK:NTV-R
72GF Score
Nonthavej Hospital PCL BKK:NTV-R
Capex-to-Operating-Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nonthavej Hospital PCL Capex-to-Operating-Income Calculation

Nonthavej Hospital 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
=- (-236.510248) / 309.863569
=0.76

Nonthavej Hospital 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
=- (-41.725) / 42.575
=0.98

* 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 0.98 mean?
Nonthavej Hospital PCL (BKK:NTV-R) has a Capex-to-Operating-Income of 0.98 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 Nonthavej Hospital PCL and its competitors. This is 172% above median its historical median of 0.36. Over the past decade, Nonthavej Hospital PCL's Capex-to-Operating-Income has ranged from 0.12 to 0.93. According to the industry distribution chart, Nonthavej Hospital PCL ranks #216 out of 353 companies in the Healthcare Providers & Services industry, placing it in the top 61.2%.
Is Nonthavej Hospital PCL's Capex-to-Operating-Income too high?
Nonthavej Hospital PCL's current Capex-to-Operating-Income of 0.98 is 172% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.93. The Healthcare Providers & Services industry median Capex-to-Operating-Income is 0.52. Nonthavej Hospital PCL's value of 0.98 is 88.5% above this industry median. Based on the distribution chart, Nonthavej Hospital PCL ranks #216 out of 353 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Nonthavej Hospital PCL has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nonthavej Hospital PCL's Capex-to-Operating-Income compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Nonthavej Hospital PCL ranks #216 out of 353 companies for Capex-to-Operating-Income. This places Nonthavej Hospital PCL in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.52. Nonthavej Hospital PCL's value of 0.98 is 88.5% above this benchmark. Historically, Nonthavej Hospital PCL's own Capex-to-Operating-Income has ranged from 0.12 to 0.93 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.52, Nonthavej Hospital 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 Healthcare Providers & Services company?
The median Capex-to-Operating-Income among Healthcare Providers & Services companies is 0.52, based on 353 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. Nonthavej Hospital PCL's current Capex-to-Operating-Income of 0.98 is 88.5% 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 Nonthavej Hospital PCL and its competitors. For the Healthcare Providers & Services industry, the median Capex-to-Operating-Income is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nonthavej Hospital PCL's current Capex-to-Operating-Income is 0.98, which is 172% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nonthavej Hospital PCL stock overvalued right now?
Based on GuruFocus' analysis, Nonthavej Hospital PCL (BKK:NTV-R) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿31.62, compared to a current price of ฿19.20 — trading 39.3% below its estimated fair value. The current Capex-to-Operating-Income is 0.98, which is 172% above median its 10-year median of 0.36 and 88.5% above the Healthcare Providers & Services industry median of 0.52. Nonthavej Hospital PCL's overall GF Score™ is 72/100 with 2 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 Nonthavej Hospital PCL (BKK:NTV-R), the current Capex-to-Operating-Income is 0.98 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 Nonthavej Hospital PCL (BKK:NTV-R) Overvalued in 2026?

Based on GuruFocus' analysis, Nonthavej Hospital PCL stock appears to be undervalued. The current stock price of ฿19.20 is trading 39.3% below its estimated GF Value™ of ฿31.62. GuruFocus considers Nonthavej Hospital PCL to be Significantly Undervalued.

Key valuation signals for BKK:NTV-R:

  • Capex-to-Operating-Income: 0.98 (172% above median its 10-year median of 0.36)
  • GF Value™: ฿31.62 vs. price of ฿19.20 (39.3% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 88.5% above the Healthcare Providers & Services median (#216 of 353)

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


Nonthavej Hospital PCL Business Description

Other Exchanges NTV:Thailand
Address 432, Ngamvongwan Road, Bang Khen Subdistrict, Mueang Nonthaburi, Nonthaburi, THA, 11000
Nonthavej Hospital PCL is engaged in the business of medical treatment in Thailand. It provides medical services by specialist physicians in all fields, supported by an experienced medical team. Its facilities include diagnostic and treatment equipment, a wellness center, a mobile digital X-ray unit for on-site and off-site health assessments, and ambulance services for patient transportation. The majority of the company's revenue is derived from hospital operations, which mainly consist of medical fees, hospital room sales, and medicine sales.
72GF Score

Get the complete analysis for BKK:NTV-R

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

฿19.20
Price
฿31.62
GF Value