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IonicsPHS:ION +0.94%57 Capex-to-Operating-Income is 0.48 as of Jun. 2026, which is 16% below its 10-year median of 0.57. GuruFocus rates PHS:ION with a GF Score™ of 57/100 and a GF Value™ of ₱1.27 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,448 Hardware companies, Ionics ranks better than 60.7% 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.
Ionics Capex-to-Operating-Income Related Terms
Ionics Capex-to-Operating-Income Historical Data
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The historical data trend for Ionics'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.
PHS:ION vs AAPL: Capex-to-Operating-Income Comparison
For the Consumer Electronics subindustry, Ionics'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.
Ionics Capex-to-Operating-Income vs Hardware Industry
For the Hardware industry and Technology sector, Ionics's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Ionics'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 0.48 mean?
Ionics (PHS:ION) has a Capex-to-Operating-Income of 0.48 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 Ionics and its competitors. This is 16% below median its historical median of 0.57. Over the past decade, Ionics' Capex-to-Operating-Income has ranged from 0.12 to 3.41. According to the industry distribution chart, Ionics ranks #569 out of 1448 companies in the Hardware industry, placing it in the top 39.3%.
Is Ionics' Capex-to-Operating-Income too high?
Ionics' current Capex-to-Operating-Income of 0.48 is 16% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 3.41. The Hardware industry median Capex-to-Operating-Income is 0.47. Ionics' value of 0.48 is 3.2% above this industry median. Based on the distribution chart, Ionics ranks #569 out of 1448 companies in the Hardware industry, which is above the industry midpoint. Overall, Ionics has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ionics' Capex-to-Operating-Income compare to AAPL?
According to the Hardware industry distribution chart, Ionics ranks #569 out of 1448 companies for Capex-to-Operating-Income. This puts Ionics in the upper half of its industry. The industry median Capex-to-Operating-Income is 0.47. Ionics' value of 0.48 is 3.2% above this benchmark. Historically, Ionics' own Capex-to-Operating-Income has ranged from 0.12 to 3.41 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.47, Ionics 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 Hardware company?
The median Capex-to-Operating-Income among Hardware companies is 0.47, based on 1,448 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. Ionics's current Capex-to-Operating-Income of 0.48 is 3.2% 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 Ionics and its competitors. For the Hardware industry, the median Capex-to-Operating-Income is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ionics's current Capex-to-Operating-Income is 0.48, which is 16% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ionics stock overvalued right now?
Based on GuruFocus' analysis, Ionics (PHS:ION) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱1.27, compared to a current price of ₱3.21 — trading 152.8% above its estimated fair value. The current Capex-to-Operating-Income is 0.48, which is 16% below median its 10-year median of 0.57 and 3.2% above the Hardware industry median of 0.47. Ionics' overall GF Score™ is 57/100 with 6 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 Ionics (PHS:ION), the current Capex-to-Operating-Income is 0.48 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 Ionics (PHS:ION) Overvalued in 2026?
Based on GuruFocus' analysis, Ionics stock appears to be overvalued.
The current stock price of ₱3.21 is trading 152.8% above its estimated GF Value™ of ₱1.27.
GuruFocus considers Ionics to be Significantly Overvalued.
Key valuation signals for PHS:ION:
Capex-to-Operating-Income: 0.48 (16% below median its 10-year median of 0.57)
GF Value™: ₱1.27 vs. price of ₱3.21 (152.8% above fair value)
Industry Position: 3.2% above the Hardware median (#569 of 1448)
No single metric tells the full story. See the PHS:ION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ionics Inc is engaged in electronic manufacturing services, providing design, build, ship, and logistics solutions across telecommunications, automotive, computer peripherals, consumer electronics, industrial, medical, and plastic products. Its business is organized into segments, with the Consumer Electronics segment generating the majority of revenue, supporting digital media, digital television, and audio product industries. Other segments include Computer Peripherals, Telecom, Automotive, and Real Estate, which earn rental income from warehouse and factory facilities. The Group produces a wide multiple products, including telecom equipment, automotive electronics, computer components, consumer devices, and others. Geographically, it generates the majority of its revenue from Asia.
57GF Score
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