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Smart Concrete PCLBKK:SMART-R -1.52%53 Capex-to-Operating-Income is 0.54 as of Jun. 2026, which is 170% above its 10-year median of 0.20. GuruFocus rates BKK:SMART-R with a GF Score™ of 53/100 and a GF Value™ of ฿0.49. The stock has 7 warning signs investors should review. Among 238 Building Materials companies, Smart Concrete PCL ranks better than 76.47% 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.
Smart Concrete PCL Capex-to-Operating-Income Related Terms
Smart Concrete PCL Capex-to-Operating-Income Historical Data
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The historical data trend for Smart Concrete 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:SMART-R vs CRH, VMC, MLM: Capex-to-Operating-Income Comparison
For the Building Materials subindustry, Smart Concrete 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.
Smart Concrete PCL Capex-to-Operating-Income vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Smart Concrete PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Smart Concrete 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 0.54 mean?
Smart Concrete PCL (BKK:SMART-R) has a Capex-to-Operating-Income of 0.54 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 Smart Concrete PCL and its competitors. This is 170% above median its historical median of 0.20. Over the past decade, Smart Concrete PCL's Capex-to-Operating-Income has ranged from 0.11 to 0.79. According to the industry distribution chart, Smart Concrete PCL ranks #56 out of 238 companies in the Building Materials industry, placing it in the top 23.5%.
Is Smart Concrete PCL's Capex-to-Operating-Income too high?
Smart Concrete PCL's current Capex-to-Operating-Income of 0.54 is 170% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.79. The Building Materials industry median Capex-to-Operating-Income is 0.56. Smart Concrete PCL's value of 0.54 is 3.6% below this industry median. Based on the distribution chart, Smart Concrete PCL ranks #56 out of 238 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Smart Concrete PCL has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Smart Concrete PCL's Capex-to-Operating-Income compare to CRH and VMC?
According to the Building Materials industry distribution chart, Smart Concrete PCL ranks #56 out of 238 companies for Capex-to-Operating-Income. This places Smart Concrete PCL in the top 24% of its industry — outperforming the majority of peers. The industry median Capex-to-Operating-Income is 0.56. Smart Concrete PCL's value of 0.54 is 3.6% below this benchmark. Historically, Smart Concrete PCL's own Capex-to-Operating-Income has ranged from 0.11 to 0.79 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.56, Smart Concrete 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 Building Materials company?
The median Capex-to-Operating-Income among Building Materials companies is 0.56, based on 238 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. Smart Concrete PCL's current Capex-to-Operating-Income of 0.54 is 3.6% 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 Smart Concrete PCL and its competitors. For the Building Materials industry, the median Capex-to-Operating-Income is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Concrete PCL's current Capex-to-Operating-Income is 0.54, which is 170% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Concrete PCL stock overvalued right now?
Smart Concrete PCL (BKK:SMART-R) has a current Capex-to-Operating-Income of 0.54. The stock's GF Value™ is ฿0.49, compared to a current price of ฿0.65 — trading 32.7% above its estimated fair value. The current Capex-to-Operating-Income is 0.54, which is 170% above median its 10-year median of 0.20 and 3.6% below the Building Materials industry median of 0.56. Smart Concrete PCL's overall GF Score™ is 53/100 with 7 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 Smart Concrete PCL (BKK:SMART-R), the current Capex-to-Operating-Income is 0.54 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 Smart Concrete PCL (BKK:SMART-R) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Concrete PCL stock appears to be overvalued.
The current stock price of ฿0.65 is trading 32.7% above its estimated GF Value™ of ฿0.49.
Key valuation signals for BKK:SMART-R:
Capex-to-Operating-Income: 0.54 (170% above median its 10-year median of 0.20)
GF Value™: ฿0.49 vs. price of ฿0.65 (32.7% above fair value)
Industry Position: 3.6% below the Building Materials median (#56 of 238)
No single metric tells the full story. See the BKK:SMART-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Concrete PCL is engaged in the manufacturing and sale of products related to autoclaved aerated concrete blocks for use in construction. The company's product line includes construction and decorative products, such as lightweight concrete blocks, SmartBlock G4, decorative ventilation blocks, Smart Blocks, and Smart Lintel precast lintels. The company operates in Thailand.
53GF Score
Get the complete analysis for BKK:SMART-R
Capex-to-Operating-Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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