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Thai Solar Energy PCLBKK:TSE-R -1.18%47 Capex-to-Operating-Income is 8.30 as of Jun. 2026, which is 24% below its 10-year median of 10.95. GuruFocus rates BKK:TSE-R with a GF Score™ of 47/100 and a GF Value™ of ฿0.74 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 248 Utilities - Independent Power Producers companies, Thai Solar Energy PCL ranks worse than 86.69% 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.
Thai Solar Energy PCL (BKK:TSE-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.
Thai Solar Energy PCL Capex-to-Operating-Income Related Terms
Thai Solar Energy PCL Capex-to-Operating-Income Historical Data
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The historical data trend for Thai Solar Energy 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.
Thai Solar Energy PCL Capex-to-Operating-Income Chart
Thai Solar Energy PCL Capex-to-Operating-Income Competitor Comparison
For the Utilities - Renewable subindustry, Thai Solar Energy 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.
Thai Solar Energy PCL Capex-to-Operating-Income vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Thai Solar Energy 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 8.30 mean?
Thai Solar Energy PCL (BKK:TSE-R) has a Capex-to-Operating-Income of 8.30 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 Thai Solar Energy PCL and its competitors. This is 24% below median its historical median of 10.95. Over the past decade, Thai Solar Energy PCL's Capex-to-Operating-Income has ranged from 1.49 to 17.68. According to the industry distribution chart, Thai Solar Energy PCL ranks #215 out of 248 companies in the Utilities - Independent Power Producers industry, placing it in the top 86.7%.
Is Thai Solar Energy PCL's Capex-to-Operating-Income too high?
Thai Solar Energy PCL's current Capex-to-Operating-Income of 8.30 is 24% below median its 10-year median of 10.95. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 17.68. The Utilities - Independent Power Producers industry median Capex-to-Operating-Income is 0.91. Thai Solar Energy PCL's value of 8.30 is 817.1% above this industry median. Based on the distribution chart, Thai Solar Energy PCL ranks #215 out of 248 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Thai Solar Energy PCL has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's Capex-to-Operating-Income compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Thai Solar Energy PCL ranks #215 out of 248 companies for Capex-to-Operating-Income. This places Thai Solar Energy PCL in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.91. Thai Solar Energy PCL's value of 8.30 is 817.1% above this benchmark. Historically, Thai Solar Energy PCL's own Capex-to-Operating-Income has ranged from 1.49 to 17.68 over the past decade. While the company's 10-year median is 10.95 vs. the industry median of 0.91, Thai Solar Energy 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 an Utilities - Independent Power Producers company?
The median Capex-to-Operating-Income among Utilities - Independent Power Producers companies is 0.91, based on 248 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. Thai Solar Energy PCL's current Capex-to-Operating-Income of 8.30 is 817.1% 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 Thai Solar Energy PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Capex-to-Operating-Income is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Solar Energy PCL's current Capex-to-Operating-Income is 8.30, which is 24% below median its own 10-year median of 10.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Solar Energy PCL (BKK:TSE-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.74, compared to a current price of ฿0.83 — trading 12.2% above its estimated fair value. The current Capex-to-Operating-Income is 8.30, which is 24% below median its 10-year median of 10.95 and 817.1% above the Utilities - Independent Power Producers industry median of 0.91. Thai Solar Energy PCL's overall GF Score™ is 47/100 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 Thai Solar Energy PCL (BKK:TSE-R), the current Capex-to-Operating-Income is 8.30 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 Thai Solar Energy PCL (BKK:TSE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be overvalued.
The current stock price of ฿0.83 is trading 12.2% above its estimated GF Value™ of ฿0.74.
GuruFocus considers Thai Solar Energy PCL to be Modestly Overvalued.
Key valuation signals for BKK:TSE-R:
Capex-to-Operating-Income: 8.30 (24% below median its 10-year median of 10.95)
GF Value™: ฿0.74 vs. price of ฿0.83 (12.2% above fair value)
Industry Position: 817.1% above the Utilities - Independent Power Producers median (#215 of 248)
No single metric tells the full story. See the BKK:TSE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
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