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NetLink NBN TrustNETLF +1.52%61 Capex-to-Operating-Income is 1.11 as of Mar. 2026, which is 14% above its 10-year median of 0.97. GuruFocus rates NETLF with a GF Score™ of 61/100 and a GF Value™ of $0.69. The stock has 9 warning signs investors should review. Among 249 Telecommunication Services companies, NetLink NBN Trust ranks worse than 62.25% 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.
NetLink NBN Trust Capex-to-Operating-Income Related Terms
NetLink NBN Trust Capex-to-Operating-Income Historical Data
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The historical data trend for NetLink NBN Trust'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.
NETLF vs TMUS, VZ, T: Capex-to-Operating-Income Comparison
For the Telecom Services subindustry, NetLink NBN Trust'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.
NetLink NBN Trust Capex-to-Operating-Income vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, NetLink NBN Trust's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where NetLink NBN Trust'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 1.11 mean?
NetLink NBN Trust (NETLF) has a Capex-to-Operating-Income of 1.11 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 NetLink NBN Trust and its competitors. This is 14% above median its historical median of 0.97. Over the past decade, NetLink NBN Trust's Capex-to-Operating-Income has ranged from 0.62 to 3.87. According to the industry distribution chart, NetLink NBN Trust ranks #155 out of 249 companies in the Telecommunication Services industry, placing it in the top 62.2%.
Is NetLink NBN Trust's Capex-to-Operating-Income too high?
NetLink NBN Trust's current Capex-to-Operating-Income of 1.11 is 14% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 3.87. The Telecommunication Services industry median Capex-to-Operating-Income is 0.86. NetLink NBN Trust's value of 1.11 is 29.1% above this industry median. Based on the distribution chart, NetLink NBN Trust ranks #155 out of 249 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, NetLink NBN Trust has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does NetLink NBN Trust's Capex-to-Operating-Income compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, NetLink NBN Trust ranks #155 out of 249 companies for Capex-to-Operating-Income. This places NetLink NBN Trust in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.86. NetLink NBN Trust's value of 1.11 is 29.1% above this benchmark. Historically, NetLink NBN Trust's own Capex-to-Operating-Income has ranged from 0.62 to 3.87 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.86, NetLink NBN Trust 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 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. NetLink NBN Trust's current Capex-to-Operating-Income of 1.11 is 29.1% 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 NetLink NBN Trust 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. NetLink NBN Trust's current Capex-to-Operating-Income is 1.11, which is 14% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetLink NBN Trust stock overvalued right now?
NetLink NBN Trust (NETLF) has a current Capex-to-Operating-Income of 1.11. The stock's GF Value™ is $0.69, compared to a current price of $0.77 — trading 11.4% above its estimated fair value. The current Capex-to-Operating-Income is 1.11, which is 14% above median its 10-year median of 0.97 and 29.1% above the Telecommunication Services industry median of 0.86. NetLink NBN Trust's overall GF Score™ is 61/100 with 9 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 NetLink NBN Trust (NETLF), the current Capex-to-Operating-Income is 1.11 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 NetLink NBN Trust (NETLF) Overvalued in 2026?
Based on GuruFocus' analysis, NetLink NBN Trust stock appears to be overvalued.
The current stock price of $0.77 is trading 11.4% above its estimated GF Value™ of $0.69.
Key valuation signals for NETLF:
Capex-to-Operating-Income: 1.11 (14% above median its 10-year median of 0.97)
GF Value™: $0.69 vs. price of $0.77 (11.4% above fair value)
Industry Position: 29.1% above the Telecommunication Services median (#155 of 249)
No single metric tells the full story. See the NETLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue. The company operates in Singapore, the USA, the UK, and the rest of the World.
61GF Score
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