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Thantawan Industry PCLBKK:THIP-R 65 Capex-to-Operating-Income is 3.56 as of Mar. 2026, which is 728% above its 10-year median of 0.43. GuruFocus rates BKK:THIP-R with a GF Score™ of 65/100 and a GF Value™ of ฿36.37. The stock has 6 warning signs investors should review. Among 242 Packaging & Containers companies, Thantawan Industry PCL ranks worse than 71.49% 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.
Hence, Thantawan Industry PCL's Capex-to-Operating-Income for the
three
months ended in Mar. 2026 was 3.56.
Thantawan Industry PCL (BKK:THIP-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.
Thantawan Industry PCL Capex-to-Operating-Income Related Terms
Thantawan Industry PCL Capex-to-Operating-Income Historical Data
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The historical data trend for Thantawan Industry 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.
Thantawan Industry PCL Capex-to-Operating-Income Chart
BKK:THIP-R vs SW, PKG, IP: Capex-to-Operating-Income Comparison
For the Packaging & Containers subindustry, Thantawan Industry 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.
Thantawan Industry PCL Capex-to-Operating-Income vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Thantawan Industry 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 3.56 mean?
Thantawan Industry PCL (BKK:THIP-R) has a Capex-to-Operating-Income of 3.56 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 Thantawan Industry PCL and its competitors. This is 728% above median its historical median of 0.43. Over the past decade, Thantawan Industry PCL's Capex-to-Operating-Income has ranged from 0.13 to 1.27. According to the industry distribution chart, Thantawan Industry PCL ranks #173 out of 242 companies in the Packaging & Containers industry, placing it in the top 71.5%.
Is Thantawan Industry PCL's Capex-to-Operating-Income too high?
Thantawan Industry PCL's current Capex-to-Operating-Income of 3.56 is 728% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.27. The Packaging & Containers industry median Capex-to-Operating-Income is 0.72. Thantawan Industry PCL's value of 3.56 is 397.9% above this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #173 out of 242 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Thantawan Industry PCL has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Capex-to-Operating-Income compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #173 out of 242 companies for Capex-to-Operating-Income. This places Thantawan Industry PCL in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.72. Thantawan Industry PCL's value of 3.56 is 397.9% above this benchmark. Historically, Thantawan Industry PCL's own Capex-to-Operating-Income has ranged from 0.13 to 1.27 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.72, Thantawan Industry PCL has consistently been above 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 Packaging & Containers company?
The median Capex-to-Operating-Income among Packaging & Containers companies is 0.72, based on 242 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. Thantawan Industry PCL's current Capex-to-Operating-Income of 3.56 is 397.9% above 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 Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median Capex-to-Operating-Income is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current Capex-to-Operating-Income is 3.56, which is 728% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Capex-to-Operating-Income of 3.56. The stock's GF Value™ is ฿36.37, compared to a current price of ฿23.00 — trading 36.8% below its estimated fair value. The current Capex-to-Operating-Income is 3.56, which is 728% above median its 10-year median of 0.43 and 397.9% above the Packaging & Containers industry median of 0.72. Thantawan Industry PCL's overall GF Score™ is 65/100 with 6 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 Thantawan Industry PCL (BKK:THIP-R), the current Capex-to-Operating-Income is 3.56 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 36.8% below its estimated GF Value™ of ฿36.37.
Key valuation signals for BKK:THIP-R:
Capex-to-Operating-Income: 3.56 (728% above median its 10-year median of 0.43)
GF Value™: ฿36.37 vs. price of ฿23.00 (36.8% below fair value)
Industry Position: 397.9% above the Packaging & Containers median (#173 of 242)
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
65GF Score
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