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SPCG PCLBKK:SPCG-R 64 Capex-to-Operating-Income is 0.28 as of Jun. 2026, which is 833% above its 10-year median of 0.03. GuruFocus rates BKK:SPCG-R with a GF Score™ of 64/100 and a GF Value™ of ฿5.75. The stock has 10 warning signs investors should review. Among 248 Utilities - Independent Power Producers companies, SPCG PCL ranks better than 87.9% 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.
SPCG PCL Capex-to-Operating-Income Related Terms
SPCG PCL Capex-to-Operating-Income Historical Data
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The historical data trend for SPCG 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.
For the Utilities - Renewable subindustry, SPCG 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.
SPCG PCL Capex-to-Operating-Income vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, SPCG PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where SPCG 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 0.28 mean?
SPCG PCL (BKK:SPCG-R) has a Capex-to-Operating-Income of 0.28 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 SPCG PCL and its competitors. This is 833% above median its historical median of 0.03. Over the past decade, SPCG PCL's Capex-to-Operating-Income has ranged from 0.01 to 0.89. According to the industry distribution chart, SPCG PCL ranks #30 out of 248 companies in the Utilities - Independent Power Producers industry, placing it in the top 12.1%.
Is SPCG PCL's Capex-to-Operating-Income too high?
SPCG PCL's current Capex-to-Operating-Income of 0.28 is 833% above median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.89. The Utilities - Independent Power Producers industry median Capex-to-Operating-Income is 0.90. SPCG PCL's value of 0.28 is 68.7% below this industry median. Based on the distribution chart, SPCG PCL ranks #30 out of 248 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, SPCG PCL has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does SPCG PCL's Capex-to-Operating-Income compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, SPCG PCL ranks #30 out of 248 companies for Capex-to-Operating-Income. This places SPCG PCL in the top 12% of its industry — outperforming the majority of peers. The industry median Capex-to-Operating-Income is 0.90. SPCG PCL's value of 0.28 is 68.7% below this benchmark. Historically, SPCG PCL's own Capex-to-Operating-Income has ranged from 0.01 to 0.89 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 0.90, SPCG 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 an Utilities - Independent Power Producers company?
The median Capex-to-Operating-Income among Utilities - Independent Power Producers companies is 0.90, based on 248 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. SPCG PCL's current Capex-to-Operating-Income of 0.28 is 68.7% 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 SPCG PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Capex-to-Operating-Income is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPCG PCL's current Capex-to-Operating-Income is 0.28, which is 833% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPCG PCL stock overvalued right now?
SPCG PCL (BKK:SPCG-R) has a current Capex-to-Operating-Income of 0.28. The stock's GF Value™ is ฿5.75, compared to a current price of ฿8.85 — trading 53.9% above its estimated fair value. The current Capex-to-Operating-Income is 0.28, which is 833% above median its 10-year median of 0.03 and 68.7% below the Utilities - Independent Power Producers industry median of 0.90. SPCG PCL's overall GF Score™ is 64/100 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 SPCG PCL (BKK:SPCG-R), the current Capex-to-Operating-Income is 0.28 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 SPCG PCL (BKK:SPCG-R) Overvalued in 2026?
Based on GuruFocus' analysis, SPCG PCL stock appears to be overvalued.
The current stock price of ฿8.85 is trading 53.9% above its estimated GF Value™ of ฿5.75.
Key valuation signals for BKK:SPCG-R:
Capex-to-Operating-Income: 0.28 (833% above median its 10-year median of 0.03)
GF Value™: ฿5.75 vs. price of ฿8.85 (53.9% above fair value)
Industry Position: 68.7% below the Utilities - Independent Power Producers median (#30 of 248)
No single metric tells the full story. See the BKK:SPCG-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPCG PCL is a holding company. The principal activities and reportable segments of the group are one production and distribution of electricity from solar energy, second the manufacture, trading, and installation service of roof sheets and solar roof, and Others. The majority of revenue is generated from the Production and distribution of electricity from solar energy.
64GF Score
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