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Ratchthani Leasing PCLBKK:THANI-R 49 Capex-to-Operating-Income is 0.04 as of Mar. 2026, which is 300% above its 10-year median of 0.01. GuruFocus rates BKK:THANI-R with a GF Score™ of 49/100 and a GF Value™ of ฿2.02. The stock has 9 warning signs investors should review. Among 116 Credit Services companies, Ratchthani Leasing PCL ranks better than 85.34% 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.
Ratchthani Leasing PCL Capex-to-Operating-Income Related Terms
Ratchthani Leasing PCL Capex-to-Operating-Income Historical Data
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The historical data trend for Ratchthani Leasing 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:THANI-R vs V, MA, AXP: Capex-to-Operating-Income Comparison
For the Credit Services subindustry, Ratchthani Leasing 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.
Ratchthani Leasing PCL Capex-to-Operating-Income vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Ratchthani Leasing PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Ratchthani Leasing 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 0.04 mean?
Ratchthani Leasing PCL (BKK:THANI-R) has a Capex-to-Operating-Income of 0.04 as of Mar. 2026. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Ratchthani Leasing PCL and its competitors. This is 300% above median its historical median of 0.01. According to the industry distribution chart, Ratchthani Leasing PCL ranks #17 out of 116 companies in the Credit Services industry, placing it in the top 14.7%.
Is Ratchthani Leasing PCL's Capex-to-Operating-Income too high?
Ratchthani Leasing PCL's current Capex-to-Operating-Income of 0.04 is 300% above median its 10-year median of 0.01. The Credit Services industry median Capex-to-Operating-Income is 0.09. Ratchthani Leasing PCL's value of 0.04 is 55.6% below this industry median. Based on the distribution chart, Ratchthani Leasing PCL ranks #17 out of 116 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Ratchthani Leasing PCL has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Ratchthani Leasing PCL's Capex-to-Operating-Income compare to V and MA?
According to the Credit Services industry distribution chart, Ratchthani Leasing PCL ranks #17 out of 116 companies for Capex-to-Operating-Income. This places Ratchthani Leasing PCL in the top 15% of its industry — outperforming the majority of peers. The industry median Capex-to-Operating-Income is 0.09. Ratchthani Leasing PCL's value of 0.04 is 55.6% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.09, Ratchthani Leasing 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 Credit Services company?
The median Capex-to-Operating-Income among Credit Services companies is 0.09, based on 116 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. Ratchthani Leasing PCL's current Capex-to-Operating-Income of 0.04 is 55.6% 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 Ratchthani Leasing PCL and its competitors. For the Credit Services industry, the median Capex-to-Operating-Income is 0.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratchthani Leasing PCL's current Capex-to-Operating-Income is 0.04, which is 300% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratchthani Leasing PCL stock overvalued right now?
Ratchthani Leasing PCL (BKK:THANI-R) has a current Capex-to-Operating-Income of 0.04. The stock's GF Value™ is ฿2.02, compared to a current price of ฿2.94 — trading 45.5% above its estimated fair value. The current Capex-to-Operating-Income is 0.04, which is 300% above median its 10-year median of 0.01 and 55.6% below the Credit Services industry median of 0.09. Ratchthani Leasing PCL's overall GF Score™ is 49/100 with 9 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 Ratchthani Leasing PCL (BKK:THANI-R), the current Capex-to-Operating-Income is 0.04 as of Mar. 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 Ratchthani Leasing PCL (BKK:THANI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ratchthani Leasing PCL stock appears to be overvalued.
The current stock price of ฿2.94 is trading 45.5% above its estimated GF Value™ of ฿2.02.
Key valuation signals for BKK:THANI-R:
Capex-to-Operating-Income: 0.04 (300% above median its 10-year median of 0.01)
GF Value™: ฿2.02 vs. price of ฿2.94 (45.5% above fair value)
Industry Position: 55.6% below the Credit Services median (#17 of 116)
No single metric tells the full story. See the BKK:THANI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratchthani Leasing PCL is engaged in providing financial services specifically hire-purchase and leasing. It conducts business by providing hire-purchase credit services and financial leasing services for commercial cars, vehicles, and other assets, including one-stop relevant services. The company's business consists of primary activities, including inbound logistics management, operations, outbound logistics, marketing and sales, and customer services.
49GF Score
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