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BPLTS:0HKP 70 Capex-to-Operating-Income is 0.34 as of Jun. 2026, which is 66% below its 10-year median of 0.99. GuruFocus rates LTS:0HKP with a GF Score™ of 70/100 and a GF Value™ of $40.85 (Fairly Valued). The stock has 5 warning signs investors should review. Among 617 Oil & Gas companies, BP ranks better than 60.13% 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.
BP's Capital Expenditure for the
three
months ended in Jun. 2026 was $-3,087.00 Mil. Its Operating Income for the
three
months ended in Jun. 2026 was $9,032.00 Mil.
Hence, BP's Capex-to-Operating-Income for the
three
months ended in Jun. 2026 was 0.34.
BP (LTS:0HKP) 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.
BP Capex-to-Operating-Income Related Terms
BP Capex-to-Operating-Income Historical Data
* Premium members only.
The historical data trend for BP'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.
LTS:0HKP vs XOM, CVX: Capex-to-Operating-Income Comparison
For the Oil & Gas Integrated subindustry, BP'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.
BP Capex-to-Operating-Income vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, BP's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where BP'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 0.34 mean?
BP (LTS:0HKP) has a Capex-to-Operating-Income of 0.34 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 BP and its competitors. This is 66% below median its historical median of 0.99. Over the past decade, BP's Capex-to-Operating-Income has ranged from 0.29 to 2.09. According to the industry distribution chart, BP ranks #246 out of 617 companies in the Oil & Gas industry, placing it in the top 39.9%.
Is BP's Capex-to-Operating-Income too high?
BP's current Capex-to-Operating-Income of 0.34 is 66% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 2.09. The Oil & Gas industry median Capex-to-Operating-Income is 0.71. BP's value of 0.34 is 52.1% below this industry median. Based on the distribution chart, BP ranks #246 out of 617 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, BP has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BP's Capex-to-Operating-Income compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, BP ranks #246 out of 617 companies for Capex-to-Operating-Income. This puts BP in the upper half of its industry. The industry median Capex-to-Operating-Income is 0.71. BP's value of 0.34 is 52.1% below this benchmark. Historically, BP's own Capex-to-Operating-Income has ranged from 0.29 to 2.09 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.71, BP 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 an Oil & Gas company?
The median Capex-to-Operating-Income among Oil & Gas companies is 0.71, based on 617 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. BP's current Capex-to-Operating-Income of 0.34 is 52.1% 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 BP and its competitors. For the Oil & Gas industry, the median Capex-to-Operating-Income is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BP's current Capex-to-Operating-Income is 0.34, which is 66% below median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BP stock overvalued right now?
Based on GuruFocus' analysis, BP (LTS:0HKP) is currently considered Fairly Valued. The stock's GF Value™ is $40.85, compared to a current price of $43.82 — trading 7.3% above its estimated fair value. The current Capex-to-Operating-Income is 0.34, which is 66% below median its 10-year median of 0.99 and 52.1% below the Oil & Gas industry median of 0.71. BP's overall GF Score™ is 70/100 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 BP (LTS:0HKP), the current Capex-to-Operating-Income is 0.34 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 BP (LTS:0HKP) Overvalued in 2026?
Based on GuruFocus' analysis, BP stock appears to be overvalued.
The current stock price of $43.82 is trading 7.3% above its estimated GF Value™ of $40.85.
GuruFocus considers BP to be Fairly Valued.
Key valuation signals for LTS:0HKP:
Capex-to-Operating-Income: 0.34 (66% below median its 10-year median of 0.99)
GF Value™: $40.85 vs. price of $43.82 (7.3% above fair value)
Industry Position: 52.1% below the Oil & Gas median (#246 of 617)
No single metric tells the full story. See the LTS:0HKP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BP is an integrated energy company that explores for, produces, and refines oil and gas around the world. In 2025, it produced 1.2 million barrels of liquids and 6.5 billion cubic feet of natural gas per day. At the end of 2025, proved hydrocarbon reserves stood at 6.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a total crude distillation capacity of 1.56 million barrels of oil per day.
70GF Score
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