Telecom Argentina (BUE:TECO2) Capex-to-Operating-Income: 0.57 (As of Mar. 2026) — 33% Below Median

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BUE:TECO2 Telecom Argentina SA BUE:TECO2
80 GF Score
Price ARS4,335.00
GF Value ARS3,330.72
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Telecom Argentina Capex-to-Operating-Income?

Telecom Argentina BUE:TECO2 -1.14% 80 Capex-to-Operating-Income is 0.57 as of Mar. 2026, which is 33% below its 10-year median of 0.85. GuruFocus rates BUE:TECO2 with a GF Score™ of 80/100 and a GF Value™ of ARS3,330.72 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 248 Telecommunication Services companies, Telecom Argentina ranks worse than 71.37% 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.

Telecom Argentina's Capital Expenditure for the three months ended in Mar. 2026 was ARS-465,809.00 Mil. Its Operating Income for the three months ended in Mar. 2026 was ARS823,750.00 Mil.

Hence, Telecom Argentina's Capex-to-Operating-Income for the three months ended in Mar. 2026 was 0.57.


Telecom Argentina  (BUE:TECO2) 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.


Telecom Argentina Capex-to-Operating-Income Related Terms


Telecom Argentina Capex-to-Operating-Income Historical Data

* Premium members only.

The historical data trend for Telecom Argentina'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.

Telecom Argentina Capex-to-Operating-Income Chart

Telecom Argentina Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Capex-to-Operating-Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.73 0.00 0.00 0.00 1.73

Telecom Argentina Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Capex-to-Operating-Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.37 0.47 0.00 0.57

BUE:TECO2 vs VZ, TMUS, T: Capex-to-Operating-Income Comparison

For the Telecom Services subindustry, Telecom Argentina'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.


Telecom Argentina Capex-to-Operating-Income vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telecom Argentina's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Telecom Argentina's Capex-to-Operating-Income falls into.


BUE:TECO2
80GF Score
Telecom Argentina SA BUE:TECO2
Capex-to-Operating-Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Telecom Argentina Capex-to-Operating-Income Calculation

Telecom Argentina's Capex-to-Operating-Income for the fiscal year that ended in Dec. 2025 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-1490635) / 861436
=1.73

Telecom Argentina's Capex-to-Operating-Income for the quarter that ended in Mar. 2026 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-465809) / 823750
=0.57

* 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 0.57 mean?
Telecom Argentina (BUE:TECO2) has a Capex-to-Operating-Income of 0.57 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 Telecom Argentina and its competitors. This is 33% below median its historical median of 0.85. Over the past decade, Telecom Argentina's Capex-to-Operating-Income has ranged from 0.61 to 8.73. According to the industry distribution chart, Telecom Argentina ranks #177 out of 248 companies in the Telecommunication Services industry, placing it in the top 71.4%.
Is Telecom Argentina's Capex-to-Operating-Income too high?
Telecom Argentina's current Capex-to-Operating-Income of 0.57 is 33% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 8.73. The Telecommunication Services industry median Capex-to-Operating-Income is 0.86. Telecom Argentina's value of 0.57 is 33.3% below this industry median. Based on the distribution chart, Telecom Argentina ranks #177 out of 248 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telecom Argentina has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telecom Argentina's Capex-to-Operating-Income compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Telecom Argentina ranks #177 out of 248 companies for Capex-to-Operating-Income. This places Telecom Argentina in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.86. Telecom Argentina's value of 0.57 is 33.3% below this benchmark. Historically, Telecom Argentina's own Capex-to-Operating-Income has ranged from 0.61 to 8.73 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.86, Telecom Argentina 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 Telecommunication Services company?
The median Capex-to-Operating-Income among Telecommunication Services companies is 0.86, 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. Telecom Argentina's current Capex-to-Operating-Income of 0.57 is 33.3% 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 Telecom Argentina and its competitors. For the Telecommunication Services industry, the median Capex-to-Operating-Income is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telecom Argentina's current Capex-to-Operating-Income is 0.57, which is 33% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecom Argentina stock overvalued right now?
Based on GuruFocus' analysis, Telecom Argentina (BUE:TECO2) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS3,330.72, compared to a current price of ARS4,335.00 — trading 30.2% above its estimated fair value. The current Capex-to-Operating-Income is 0.57, which is 33% below median its 10-year median of 0.85 and 33.3% below the Telecommunication Services industry median of 0.86. Telecom Argentina's overall GF Score™ is 80/100 with 11 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 Telecom Argentina (BUE:TECO2), the current Capex-to-Operating-Income is 0.57 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 Telecom Argentina (BUE:TECO2) Overvalued in 2026?

Based on GuruFocus' analysis, Telecom Argentina stock appears to be overvalued. The current stock price of ARS4,335.00 is trading 30.2% above its estimated GF Value™ of ARS3,330.72. GuruFocus considers Telecom Argentina to be Modestly Overvalued.

Key valuation signals for BUE:TECO2:

  • Capex-to-Operating-Income: 0.57 (33% below median its 10-year median of 0.85)
  • GF Value™: ARS3,330.72 vs. price of ARS4,335.00 (30.2% above fair value)
  • GF Score™: 80/100 with 11 warning signs
  • Industry Position: 33.3% below the Telecommunication Services median (#177 of 248)

No single metric tells the full story. See the BUE:TECO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telecom Argentina Business Description

Other Exchanges TCMFF:USATEO:USATEO:Germany
Address General Hornos 690, Buenos Aires, ARG, C1272ACK
Telecom Argentina SA offers its customers quadruple play services, combining mobile telephony services, cable television services, Internet services and fixed telephony services. It also provides other telephone-related services such as international long-distance and wholesale services, data transmission and IT solutions outsourcing and install, operate and develop cable television and data transmission services. The company operates in segments: ICT Services provided in Argentina: Personal Network; ICT Services provided in Argentina - TMA Network; and Other segments..
80GF Score

Get the complete analysis for BUE:TECO2

Capex-to-Operating-Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS4,335.00
Price
ARS3,330.72
GF Value