LEDS (SemiLEDs) Capex-to-Operating-Income: 0.06 (As of May. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LEDS SemiLEDs Corp LEDS
51 GF Score
Price $1.97
GF Value $3.96
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is SemiLEDs Capex-to-Operating-Income?

SemiLEDs LEDS +4.79% 51 Capex-to-Operating-Income is 0.06 as of May. 2026. GuruFocus rates LEDS with a GF Score™ of 51/100 and a GF Value™ of $3.96 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 612 Semiconductors companies, SemiLEDs ranks worse than 163398.53% 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.

SemiLEDs's Capital Expenditure for the three months ended in May. 2026 was $-0.09 Mil. Its Operating Income for the three months ended in May. 2026 was $1.42 Mil.

Hence, SemiLEDs's Capex-to-Operating-Income for the three months ended in May. 2026 was 0.06.


SemiLEDs  (NAS:LEDS) 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.


SemiLEDs Capex-to-Operating-Income Related Terms


SemiLEDs Capex-to-Operating-Income Historical Data

* Premium members only.

The historical data trend for SemiLEDs'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.

SemiLEDs Capex-to-Operating-Income Chart

SemiLEDs Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Capex-to-Operating-Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

SemiLEDs Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.00 0.00 0.00 0.06

LEDS vs MOBX, FABC, PRKR: Capex-to-Operating-Income Comparison

For the Semiconductors subindustry, SemiLEDs'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.


SemiLEDs Capex-to-Operating-Income vs Semiconductors Industry

For the Semiconductors industry and Technology sector, SemiLEDs's Capex-to-Operating-Income distribution charts can be found below:

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


LEDS
51GF Score
SemiLEDs Corp LEDS
Capex-to-Operating-Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SemiLEDs Capex-to-Operating-Income Calculation

SemiLEDs's Capex-to-Operating-Income for the fiscal year that ended in Aug. 2025 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-0.594) / -1.595
=N/A

SemiLEDs's Capex-to-Operating-Income for the quarter that ended in May. 2026 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-0.087) / 1.416
=0.06

* 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 0.06 mean?
SemiLEDs (LEDS) has a Capex-to-Operating-Income of 0.06 as of May. 2026. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on SemiLEDs and its competitors. According to the industry distribution chart, SemiLEDs ranks #999999 out of 612 companies in the Semiconductors industry.
Is SemiLEDs' Capex-to-Operating-Income too high?
SemiLEDs' current Capex-to-Operating-Income is 0.06. The Semiconductors industry median Capex-to-Operating-Income is 0.50. SemiLEDs' value of 0.06 is 88% below this industry median. Based on the distribution chart, SemiLEDs ranks #999999 out of 612 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, SemiLEDs has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SemiLEDs' Capex-to-Operating-Income compare to MOBX and FABC?
According to the Semiconductors industry distribution chart, SemiLEDs ranks #999999 out of 612 companies for Capex-to-Operating-Income. This places SemiLEDs in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.50. SemiLEDs' value of 0.06 is 88% below this benchmark. 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 Semiconductors company?
The median Capex-to-Operating-Income among Semiconductors companies is 0.50, based on 612 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. SemiLEDs's current Capex-to-Operating-Income of 0.06 is 88% 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 SemiLEDs and its competitors. For the Semiconductors industry, the median Capex-to-Operating-Income is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SemiLEDs's current Capex-to-Operating-Income is 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SemiLEDs stock overvalued right now?
Based on GuruFocus' analysis, SemiLEDs (LEDS) is currently considered Possible Value Trap. The stock's GF Value™ is $3.96, compared to a current price of $1.97 — trading 50.3% below its estimated fair value. The current Capex-to-Operating-Income is 0.06 and 88% below the Semiconductors industry median of 0.50. SemiLEDs' overall GF Score™ is 51/100 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 SemiLEDs (LEDS), the current Capex-to-Operating-Income is 0.06 as of May. 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 SemiLEDs (LEDS) Overvalued in 2026?

Based on GuruFocus' analysis, SemiLEDs stock appears to be undervalued. The current stock price of $1.97 is trading 50.3% below its estimated GF Value™ of $3.96. GuruFocus considers SemiLEDs to be Possible Value Trap.

Key valuation signals for LEDS:

  • Capex-to-Operating-Income: 0.06
  • GF Value™: $3.96 vs. price of $1.97 (50.3% below fair value)
  • GF Score™: 51/100 with 5 warning signs
  • Industry Position: 88% below the Semiconductors median (#999999 of 612)

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


SemiLEDs Business Description

Other Exchanges 6LD1:Germany
Address No.11 Ke Jung Road, 3rd Floor, Chu-Nan Site. Chu-Nan 350, Hsinchu Science Park, Miao-Li County, Miao-Li, TWN, 350
SemiLEDs Corp develops, manufactures, and sells light-emitting diode chips and LED components. The company's products include LED Chips, LED Components, and Lighting Products. Its products are used for general lighting applications, including street lights and commercial, industrial, system, and residential lighting; specialty industrial applications, such as ultraviolet, or Ultraviolet, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, architectural lighting and entertainment lighting. Substantial revenue is generated from the sale of LED components products. Geographically, it derives a majority of its revenue from Japan.
51GF Score

Get the complete analysis for LEDS

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

$1.97
Price
$3.96
GF Value