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Star Petroleum Refining PCLBKK:SPRC-R +1.22%72 Capex-to-Operating-Income is 0.20 as of Jun. 2026, which is 300% above its 10-year median of 0.05. GuruFocus rates BKK:SPRC-R with a GF Score™ of 72/100 and a GF Value™ of ฿6.40 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 615 Oil & Gas companies, Star Petroleum Refining PCL ranks better than 87.32% 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.
Star Petroleum Refining PCL (BKK:SPRC-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.
Star Petroleum Refining PCL Capex-to-Operating-Income Related Terms
Star Petroleum Refining 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.
Star Petroleum Refining PCL Capex-to-Operating-Income Chart
BKK:SPRC-R vs MPC, VLO, PSX: Capex-to-Operating-Income Comparison
For the Oil & Gas Refining & Marketing subindustry, Star Petroleum Refining 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.
Star Petroleum Refining PCL Capex-to-Operating-Income vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Star Petroleum Refining PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Star Petroleum Refining 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 0.20 mean?
Star Petroleum Refining PCL (BKK:SPRC-R) has a Capex-to-Operating-Income of 0.20 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 Star Petroleum Refining PCL and its competitors. This is 300% above median its historical median of 0.05. Over the past decade, Star Petroleum Refining PCL's Capex-to-Operating-Income has ranged from 0.02 to 0.99. According to the industry distribution chart, Star Petroleum Refining PCL ranks #78 out of 615 companies in the Oil & Gas industry, placing it in the top 12.7%.
Is Star Petroleum Refining PCL's Capex-to-Operating-Income too high?
Star Petroleum Refining PCL's current Capex-to-Operating-Income of 0.20 is 300% above median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.99. The Oil & Gas industry median Capex-to-Operating-Income is 0.70. Star Petroleum Refining PCL's value of 0.20 is 71.4% below this industry median. Based on the distribution chart, Star Petroleum Refining PCL ranks #78 out of 615 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Star Petroleum Refining PCL has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Star Petroleum Refining PCL's Capex-to-Operating-Income compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Star Petroleum Refining PCL ranks #78 out of 615 companies for Capex-to-Operating-Income. This places Star Petroleum Refining PCL in the top 13% of its industry — outperforming the majority of peers. The industry median Capex-to-Operating-Income is 0.70. Star Petroleum Refining PCL's value of 0.20 is 71.4% below this benchmark. Historically, Star Petroleum Refining PCL's own Capex-to-Operating-Income has ranged from 0.02 to 0.99 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 0.70, Star Petroleum Refining 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 Oil & Gas company?
The median Capex-to-Operating-Income among Oil & Gas companies is 0.70, based on 615 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. Star Petroleum Refining PCL's current Capex-to-Operating-Income of 0.20 is 71.4% 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 Star Petroleum Refining PCL and its competitors. For the Oil & Gas industry, the median Capex-to-Operating-Income is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Petroleum Refining PCL's current Capex-to-Operating-Income is 0.20, which is 300% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Petroleum Refining PCL stock overvalued right now?
Based on GuruFocus' analysis, Star Petroleum Refining PCL (BKK:SPRC-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿6.40, compared to a current price of ฿12.80 — trading 100% above its estimated fair value. The current Capex-to-Operating-Income is 0.20, which is 300% above median its 10-year median of 0.05 and 71.4% below the Oil & Gas industry median of 0.70. Star Petroleum Refining PCL's overall GF Score™ is 72/100 with 5 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 Star Petroleum Refining PCL (BKK:SPRC-R), the current Capex-to-Operating-Income is 0.20 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 Star Petroleum Refining PCL (BKK:SPRC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Star Petroleum Refining PCL stock appears to be overvalued.
The current stock price of ฿12.80 is trading 100% above its estimated GF Value™ of ฿6.40.
GuruFocus considers Star Petroleum Refining PCL to be Significantly Overvalued.
Key valuation signals for BKK:SPRC-R:
Capex-to-Operating-Income: 0.20 (300% above median its 10-year median of 0.05)
GF Value™: ฿6.40 vs. price of ฿12.80 (100% above fair value)
Industry Position: 71.4% below the Oil & Gas median (#78 of 615)
No single metric tells the full story. See the BKK:SPRC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Star Petroleum Refining PCL operates petroleum refinery in Thailand. The company produces multiple petroleum products such as Liquefied Petroleum Gas, gasoline, jet fuel, diesel, fuel oil, asphalt, and others. Geographically the majority of its sales are conducted in Thailand. However, the company also produces petroleum products for international markets.
72GF Score
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