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Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
GuruFocus do not calculate Capex-to-Operating-Income if the Operating Income is negative.
Telefonica Deutschland Holding AG (HAM:O2D) 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.
Telefonica Deutschland Holding AG Capex-to-Operating-Income Related Terms
Telefonica Deutschland Holding AG Capex-to-Operating-Income Historical Data
* 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.
Telefonica Deutschland Holding AG Capex-to-Operating-Income Chart
HAM:O2D vs TMUS, VZ, T: Capex-to-Operating-Income Comparison
For the Telecom Services subindustry, Telefonica Deutschland Holding AG'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.
Telefonica Deutschland Holding AG Capex-to-Operating-Income vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telefonica Deutschland Holding AG's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Telefonica Deutschland Holding AG'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 0.00 mean?
Telefonica Deutschland Holding AG (HAM:O2D) has a Capex-to-Operating-Income of 0.00 as of Dec. 2025. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Telefonica Deutschland Holding AG and its competitors. Over the past decade, Telefonica Deutschland Holding AG's Capex-to-Operating-Income has ranged from 1.93 to 20.12. According to the industry distribution chart, Telefonica Deutschland Holding AG ranks #213 out of 249 companies in the Telecommunication Services industry, placing it in the top 85.5%.
Is Telefonica Deutschland Holding AG's Capex-to-Operating-Income too high?
Telefonica Deutschland Holding AG's current Capex-to-Operating-Income is 0.00. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 20.12. Based on the distribution chart, Telefonica Deutschland Holding AG ranks #213 out of 249 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telefonica Deutschland Holding AG has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telefonica Deutschland Holding AG's Capex-to-Operating-Income compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telefonica Deutschland Holding AG ranks #213 out of 249 companies for Capex-to-Operating-Income. This places Telefonica Deutschland Holding AG in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.86. Historically, Telefonica Deutschland Holding AG's own Capex-to-Operating-Income has ranged from 1.93 to 20.12 over the past decade. 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 249 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. 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 Telefonica Deutschland Holding AG 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. Telefonica Deutschland Holding AG's current Capex-to-Operating-Income is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telefonica Deutschland Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Telefonica Deutschland Holding AG (HAM:O2D) is currently considered Fairly Valued. The stock's GF Value™ is €2.09, compared to a current price of €1.98 — trading 5.3% below its estimated fair value. The current Capex-to-Operating-Income is 0.00. Telefonica Deutschland Holding AG's overall GF Score™ is 66/100 with 5 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 Telefonica Deutschland Holding AG (HAM:O2D), the current Capex-to-Operating-Income is 0.00 as of Dec. 2025. 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 Telefonica Deutschland Holding AG (HAM:O2D) Overvalued in 2026?
Based on GuruFocus' analysis, Telefonica Deutschland Holding AG stock appears to be undervalued.
The current stock price of €1.98 is trading 5.3% below its estimated GF Value™ of €2.09.
GuruFocus considers Telefonica Deutschland Holding AG to be Fairly Valued.
Key valuation signals for HAM:O2D:
Capex-to-Operating-Income: 0.00
GF Value™: €2.09 vs. price of €1.98 (5.3% below fair value)
No single metric tells the full story. See the HAM:O2D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telefonica Deutschland Holding AG Business Description
Telefonica Deutschland Holding AG is the German subsidiary of Telefonica, which provides integrated network operations in Germany. The company offers mobile and fixed-network services for private and business customers as well as digital products and services. Its core brand is O2. It includes secondary brands and partners such as ALDI TALK, Tchibo MOBIL, AY YILDIZ, and others.
66GF Score
Get the complete analysis for HAM:O2D
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