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Tipco Asphalt PCLBKK:TASCO-R 68 Capex-to-Operating-Income is 0.19 as of Jun. 2026, which is 44% below its 10-year median of 0.34. GuruFocus rates BKK:TASCO-R with a GF Score™ of 68/100 and a GF Value™ of ฿13.90 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 236 Building Materials companies, Tipco Asphalt PCL ranks better than 55.08% 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.
Tipco Asphalt PCL Capex-to-Operating-Income Related Terms
Tipco Asphalt PCL Capex-to-Operating-Income Historical Data
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The historical data trend for Tipco Asphalt 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:TASCO-R vs CRH, MLM, VMC: Capex-to-Operating-Income Comparison
For the Building Materials subindustry, Tipco Asphalt 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.
Tipco Asphalt PCL Capex-to-Operating-Income vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Tipco Asphalt 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 0.19 mean?
Tipco Asphalt PCL (BKK:TASCO-R) has a Capex-to-Operating-Income of 0.19 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 Tipco Asphalt PCL and its competitors. This is 44% below median its historical median of 0.34. Over the past decade, Tipco Asphalt PCL's Capex-to-Operating-Income has ranged from 0.12 to 0.61. According to the industry distribution chart, Tipco Asphalt PCL ranks #106 out of 236 companies in the Building Materials industry, placing it in the top 44.9%.
Is Tipco Asphalt PCL's Capex-to-Operating-Income too high?
Tipco Asphalt PCL's current Capex-to-Operating-Income of 0.19 is 44% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.61. The Building Materials industry median Capex-to-Operating-Income is 0.55. Tipco Asphalt PCL's value of 0.19 is 65.5% below this industry median. Based on the distribution chart, Tipco Asphalt PCL ranks #106 out of 236 companies in the Building Materials industry, which is above the industry midpoint. Overall, Tipco Asphalt PCL has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tipco Asphalt PCL's Capex-to-Operating-Income compare to CRH and MLM?
According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #106 out of 236 companies for Capex-to-Operating-Income. This puts Tipco Asphalt PCL in the upper half of its industry. The industry median Capex-to-Operating-Income is 0.55. Tipco Asphalt PCL's value of 0.19 is 65.5% below this benchmark. Historically, Tipco Asphalt PCL's own Capex-to-Operating-Income has ranged from 0.12 to 0.61 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.55, Tipco Asphalt 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 0.55, based on 236 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. Tipco Asphalt PCL's current Capex-to-Operating-Income of 0.19 is 65.5% 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 Tipco Asphalt PCL and its competitors. For the Building Materials industry, the median Capex-to-Operating-Income is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tipco Asphalt PCL's current Capex-to-Operating-Income is 0.19, which is 44% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tipco Asphalt PCL stock overvalued right now?
Based on GuruFocus' analysis, Tipco Asphalt PCL (BKK:TASCO-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿13.90, compared to a current price of ฿17.62 — trading 26.8% above its estimated fair value. The current Capex-to-Operating-Income is 0.19, which is 44% below median its 10-year median of 0.34 and 65.5% below the Building Materials industry median of 0.55. Tipco Asphalt PCL's overall GF Score™ is 68/100 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 Tipco Asphalt PCL (BKK:TASCO-R), the current Capex-to-Operating-Income is 0.19 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 Tipco Asphalt PCL (BKK:TASCO-R) Overvalued in 2026?
Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be overvalued.
The current stock price of ฿17.62 is trading 26.8% above its estimated GF Value™ of ฿13.90.
GuruFocus considers Tipco Asphalt PCL to be Modestly Overvalued.
Key valuation signals for BKK:TASCO-R:
Capex-to-Operating-Income: 0.19 (44% below median its 10-year median of 0.34)
GF Value™: ฿13.90 vs. price of ฿17.62 (26.8% above fair value)
Industry Position: 65.5% below the Building Materials median (#106 of 236)
No single metric tells the full story. See the BKK:TASCO-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.
68GF Score
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Capex-to-Operating-Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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