Vianet Group (LSE:VNET) Capex-to-Operating-Income: 1.20 (As of Mar. 2026) — 28% Below Median

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LSE:VNET Vianet Group PLC LSE:VNET
40 GF Score
Price £0.66
GF Value £0.90
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Vianet Group Capex-to-Operating-Income?

Vianet Group LSE:VNET 40 Capex-to-Operating-Income is 1.20 as of Mar. 2026, which is 28% below its 10-year median of 1.66. GuruFocus rates LSE:VNET with a GF Score™ of 40/100 and a GF Value™ of £0.90 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 555 Business Services companies, Vianet Group ranks worse than 84.68% 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.

Vianet Group's Capital Expenditure for the six months ended in Mar. 2026 was £-1.00 Mil. Its Operating Income for the six months ended in Mar. 2026 was £0.83 Mil.

Hence, Vianet Group's Capex-to-Operating-Income for the six months ended in Mar. 2026 was 1.20.


Vianet Group  (LSE:VNET) 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.


Vianet Group Capex-to-Operating-Income Related Terms


Vianet Group Capex-to-Operating-Income Historical Data

* Premium members only.

The historical data trend for Vianet Group'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.

Vianet Group Capex-to-Operating-Income Chart

Vianet Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Capex-to-Operating-Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.02 1.82 1.82 1.63

Vianet Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.48 3.55 1.37 2.48 1.20

LSE:VNET vs CTAS, CPRT, GPN: Capex-to-Operating-Income Comparison

For the Specialty Business Services subindustry, Vianet Group'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.


Vianet Group Capex-to-Operating-Income vs Business Services Industry

For the Business Services industry and Industrials sector, Vianet Group's Capex-to-Operating-Income distribution charts can be found below:

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


LSE:VNET
40GF Score
Vianet Group PLC LSE:VNET
Capex-to-Operating-Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Vianet Group Capex-to-Operating-Income Calculation

Vianet Group's Capex-to-Operating-Income for the fiscal year that ended in Mar. 2026 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-2.131) / 1.309
=1.63

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

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-1.001) / 0.833
=1.20

* 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 1.20 mean?
Vianet Group (LSE:VNET) has a Capex-to-Operating-Income of 1.20 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 Vianet Group and its competitors. This is 28% below median its historical median of 1.66. Over the past decade, Vianet Group's Capex-to-Operating-Income has ranged from 0.71 to 28.85. According to the industry distribution chart, Vianet Group ranks #470 out of 555 companies in the Business Services industry, placing it in the top 84.7%.
Is Vianet Group's Capex-to-Operating-Income too high?
Vianet Group's current Capex-to-Operating-Income of 1.20 is 28% below median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 28.85. The Business Services industry median Capex-to-Operating-Income is 0.27. Vianet Group's value of 1.20 is 344.4% above this industry median. Based on the distribution chart, Vianet Group ranks #470 out of 555 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Vianet Group has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vianet Group's Capex-to-Operating-Income compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Vianet Group ranks #470 out of 555 companies for Capex-to-Operating-Income. This places Vianet Group in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.27. Vianet Group's value of 1.20 is 344.4% above this benchmark. Historically, Vianet Group's own Capex-to-Operating-Income has ranged from 0.71 to 28.85 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 0.27, Vianet Group 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 Business Services company?
The median Capex-to-Operating-Income among Business Services companies is 0.27, based on 555 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. Vianet Group's current Capex-to-Operating-Income of 1.20 is 344.4% 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 Vianet Group and its competitors. For the Business Services industry, the median Capex-to-Operating-Income is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vianet Group's current Capex-to-Operating-Income is 1.20, which is 28% below median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vianet Group stock overvalued right now?
Based on GuruFocus' analysis, Vianet Group (LSE:VNET) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.90, compared to a current price of £0.66 — trading 26.7% below its estimated fair value. The current Capex-to-Operating-Income is 1.20, which is 28% below median its 10-year median of 1.66 and 344.4% above the Business Services industry median of 0.27. Vianet Group's overall GF Score™ is 40/100 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 Vianet Group (LSE:VNET), the current Capex-to-Operating-Income is 1.20 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 Vianet Group (LSE:VNET) Overvalued in 2026?

Based on GuruFocus' analysis, Vianet Group stock appears to be undervalued. The current stock price of £0.66 is trading 26.7% below its estimated GF Value™ of £0.90. GuruFocus considers Vianet Group to be Modestly Undervalued.

Key valuation signals for LSE:VNET:

  • Capex-to-Operating-Income: 1.20 (28% below median its 10-year median of 1.66)
  • GF Value™: £0.90 vs. price of £0.66 (26.7% below fair value)
  • GF Score™: 40/100 with 5 warning signs
  • Industry Position: 344.4% above the Business Services median (#470 of 555)

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


Vianet Group Business Description

Other Exchanges AS2:Germany
Address One Surtees Way, Surtees Business Park, Stockton on Tees, GBR, TS18 3HR
Vianet Group PLC is a provider of actionable management information and business insight created by combining data from the smart Internet of Things solutions and external information sources. Smart Zones include Data insight and actionable data services as well as design, product development, sale, and rental of fluid monitoring equipment. The business of the group is divided into two divisions: Smart Machines, Smart Zones and Corporate/Technology. The company generates maximum revenue from the Smart Zones segment. Geographically, the company derives maximum of the revenue from the United Kingdom and has a presence in the Rest of Europe and the United States/Canada.
40GF Score

Get the complete analysis for LSE:VNET

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

£0.66
Price
£0.90
GF Value