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DiageoHAM:GUI +3.20%69 Capex-to-Operating-Income is 14.80 as of Jun. 2026, which is 6627% above its 10-year median of 0.22. GuruFocus rates HAM:GUI with a GF Score™ of 69/100 and a GF Value™ of €23.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 120 Beverages - Alcoholic companies, Diageo ranks better than 55% 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.
Diageo Capex-to-Operating-Income Related Terms
Diageo Capex-to-Operating-Income Historical Data
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The historical data trend for Diageo'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.
HAM:GUI vs BF.B: Capex-to-Operating-Income Comparison
For the Beverages - Wineries & Distilleries subindustry, Diageo'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.
Diageo Capex-to-Operating-Income vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Diageo's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Diageo'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 14.80 mean?
Diageo (HAM:GUI) has a Capex-to-Operating-Income of 14.80 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 Diageo and its competitors. This is 6627% above median its historical median of 0.22. Over the past decade, Diageo's Capex-to-Operating-Income has ranged from 0.15 to 0.38. According to the industry distribution chart, Diageo ranks #54 out of 120 companies in the Beverages - Alcoholic industry, placing it in the top 45%.
Is Diageo's Capex-to-Operating-Income too high?
Diageo's current Capex-to-Operating-Income of 14.80 is 6627% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.38. The Beverages - Alcoholic industry median Capex-to-Operating-Income is 0.44. Diageo's value of 14.80 is 3302.3% above this industry median. Based on the distribution chart, Diageo ranks #54 out of 120 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Diageo has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Diageo's Capex-to-Operating-Income compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Diageo ranks #54 out of 120 companies for Capex-to-Operating-Income. This puts Diageo in the upper half of its industry. The industry median Capex-to-Operating-Income is 0.44. Diageo's value of 14.80 is 3302.3% above this benchmark. Historically, Diageo's own Capex-to-Operating-Income has ranged from 0.15 to 0.38 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.44, Diageo 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 Beverages - Alcoholic company?
The median Capex-to-Operating-Income among Beverages - Alcoholic companies is 0.44, based on 120 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. Diageo's current Capex-to-Operating-Income of 14.80 is 3302.3% 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 Diageo and its competitors. For the Beverages - Alcoholic industry, the median Capex-to-Operating-Income is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diageo's current Capex-to-Operating-Income is 14.80, which is 6627% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diageo stock overvalued right now?
Based on GuruFocus' analysis, Diageo (HAM:GUI) is currently considered Modestly Undervalued. The stock's GF Value™ is €23.80, compared to a current price of €19.18 — trading 19.4% below its estimated fair value. The current Capex-to-Operating-Income is 14.80, which is 6627% above median its 10-year median of 0.22 and 3302.3% above the Beverages - Alcoholic industry median of 0.44. Diageo's overall GF Score™ is 69/100 with 3 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 Diageo (HAM:GUI), the current Capex-to-Operating-Income is 14.80 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 Diageo (HAM:GUI) Overvalued in 2026?
Based on GuruFocus' analysis, Diageo stock appears to be undervalued.
The current stock price of €19.18 is trading 19.4% below its estimated GF Value™ of €23.80.
GuruFocus considers Diageo to be Modestly Undervalued.
Key valuation signals for HAM:GUI:
Capex-to-Operating-Income: 14.80 (6627% above median its 10-year median of 0.22)
GF Value™: €23.80 vs. price of €19.18 (19.4% below fair value)
Industry Position: 3302.3% above the Beverages - Alcoholic median (#54 of 120)
No single metric tells the full story. See the HAM:GUI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formed in 1997 through the merger of Grand Metropolitan and Guinness, Diageo is the largest distiller globally by sales. Diageo acquired some of the Seagram assets in 2001, which gave it brands such as Captain Morgan rum and Crown Royal Canadian whisky. Since then, mergers and acquisitions have mostly been bolt-on in nature, plugging gaps in the company's product and geographic portfolio.
69GF Score
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