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T.C.J. Asia PCLBKK:TCJ-R 64 Capex-to-Operating-Income is 0.07 as of Jun. 2026, which is 92% below its 10-year median of 0.86. GuruFocus rates BKK:TCJ-R with a GF Score™ of 64/100 and a GF Value™ of ฿2.85 (Fairly Valued). The stock has 5 warning signs investors should review. Among 142 Farm & Heavy Construction Machinery companies, T.C.J. Asia PCL ranks better than 79.58% 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.
T.C.J. Asia PCL (BKK:TCJ-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.
T.C.J. Asia PCL Capex-to-Operating-Income Related Terms
T.C.J. Asia PCL Capex-to-Operating-Income Historical Data
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The historical data trend for T.C.J. Asia 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:TCJ-R vs CAT, DE, PCAR: Capex-to-Operating-Income Comparison
For the Farm & Heavy Construction Machinery subindustry, T.C.J. Asia 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.
T.C.J. Asia PCL Capex-to-Operating-Income vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, T.C.J. Asia PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where T.C.J. Asia 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 0.07 mean?
T.C.J. Asia PCL (BKK:TCJ-R) has a Capex-to-Operating-Income of 0.07 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 T.C.J. Asia PCL and its competitors. This is 92% below median its historical median of 0.86. Over the past decade, T.C.J. Asia PCL's Capex-to-Operating-Income has ranged from 0.15 to 6.02. According to the industry distribution chart, T.C.J. Asia PCL ranks #29 out of 142 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 20.4%.
Is T.C.J. Asia PCL's Capex-to-Operating-Income too high?
T.C.J. Asia PCL's current Capex-to-Operating-Income of 0.07 is 92% below median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 6.02. The Farm & Heavy Construction Machinery industry median Capex-to-Operating-Income is 0.38. T.C.J. Asia PCL's value of 0.07 is 81.6% below this industry median. Based on the distribution chart, T.C.J. Asia PCL ranks #29 out of 142 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, T.C.J. Asia PCL has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does T.C.J. Asia PCL's Capex-to-Operating-Income compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, T.C.J. Asia PCL ranks #29 out of 142 companies for Capex-to-Operating-Income. This places T.C.J. Asia PCL in the top 20% of its industry — outperforming the majority of peers. The industry median Capex-to-Operating-Income is 0.38. T.C.J. Asia PCL's value of 0.07 is 81.6% below this benchmark. Historically, T.C.J. Asia PCL's own Capex-to-Operating-Income has ranged from 0.15 to 6.02 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.38, T.C.J. Asia 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 Farm & Heavy Construction Machinery company?
The median Capex-to-Operating-Income among Farm & Heavy Construction Machinery companies is 0.38, based on 142 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. T.C.J. Asia PCL's current Capex-to-Operating-Income of 0.07 is 81.6% 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 T.C.J. Asia PCL and its competitors. For the Farm & Heavy Construction Machinery industry, the median Capex-to-Operating-Income is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T.C.J. Asia PCL's current Capex-to-Operating-Income is 0.07, which is 92% below median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T.C.J. Asia PCL stock overvalued right now?
Based on GuruFocus' analysis, T.C.J. Asia PCL (BKK:TCJ-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.85, compared to a current price of ฿2.66 — trading 6.7% below its estimated fair value. The current Capex-to-Operating-Income is 0.07, which is 92% below median its 10-year median of 0.86 and 81.6% below the Farm & Heavy Construction Machinery industry median of 0.38. T.C.J. Asia PCL's overall GF Score™ is 64/100 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 T.C.J. Asia PCL (BKK:TCJ-R), the current Capex-to-Operating-Income is 0.07 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 T.C.J. Asia PCL (BKK:TCJ-R) Overvalued in 2026?
Based on GuruFocus' analysis, T.C.J. Asia PCL stock appears to be undervalued.
The current stock price of ฿2.66 is trading 6.7% below its estimated GF Value™ of ฿2.85.
GuruFocus considers T.C.J. Asia PCL to be Fairly Valued.
Key valuation signals for BKK:TCJ-R:
Capex-to-Operating-Income: 0.07 (92% below median its 10-year median of 0.86)
GF Value™: ฿2.85 vs. price of ฿2.66 (6.7% below fair value)
Industry Position: 81.6% below the Farm & Heavy Construction Machinery median (#29 of 142)
No single metric tells the full story. See the BKK:TCJ-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
T.C.J. Asia PCL is engaged in the import business and distribution of machinery and lifting equipment for construction work, and loading and unloading services like tractors, wheel loaders, excavator and cranes and stainless-steel plate and construction contractor. The business segments of the company are Sales of cranes, road rollers and tractors and equipment, road rollers and tractors, and equipment, Rental and repair services of crane and trucks, Manufacturing and distribution of stainless steel pipes, Trading of stainless steel, Installation work, and Others. The group generates the majority of the revenue from the Manufacturing and distribution of stainless steel pipes segment and mainly operates in Thailand.
64GF Score
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