Top Line Business Development (PHS:TOP) Capex-to-Operating-Income: 0.60 (As of Jun. 2026) — 60% Below Median

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PHS:TOP Top Line Business Development Corp PHS:TOP
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What is Top Line Business Development Capex-to-Operating-Income?

Top Line Business Development PHS:TOP 13 Capex-to-Operating-Income is 0.60 as of Jun. 2026, which is 60% below its 10-year median of 1.51. GuruFocus rates PHS:TOP with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 594 Retail - Cyclical companies, Top Line Business Development ranks worse than 86.53% 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.

Top Line Business Development's Capital Expenditure for the three months ended in Jun. 2026 was ₱-65.22 Mil. Its Operating Income for the three months ended in Jun. 2026 was ₱109.23 Mil.

Hence, Top Line Business Development's Capex-to-Operating-Income for the three months ended in Jun. 2026 was 0.60.


Top Line Business Development  (PHS:TOP) 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.


Top Line Business Development Capex-to-Operating-Income Related Terms


Top Line Business Development Capex-to-Operating-Income Historical Data

* Premium members only.

The historical data trend for Top Line Business Development'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.

Top Line Business Development Capex-to-Operating-Income Chart

Top Line Business Development Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Capex-to-Operating-Income
2.19 0.70 3.16 0.89 1.51

Top Line Business Development Quarterly Data
Dec21 Dec22 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.48 3.59 1.55 0.35 0.60

PHS:TOP vs CASY, WSM, ULTA: Capex-to-Operating-Income Comparison

For the Specialty Retail subindustry, Top Line Business Development'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.


Top Line Business Development Capex-to-Operating-Income vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Top Line Business Development's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Top Line Business Development's Capex-to-Operating-Income falls into.


PHS:TOP
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Top Line Business Development Corp PHS:TOP
Capex-to-Operating-Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Top Line Business Development Capex-to-Operating-Income Calculation

Top Line Business Development's Capex-to-Operating-Income for the fiscal year that ended in Dec. 2025 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-298.705) / 197.833
=1.51

Top Line Business Development's Capex-to-Operating-Income for the quarter that ended in Jun. 2026 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-65.219) / 109.23
=0.60

* 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 0.60 mean?
Top Line Business Development (PHS:TOP) has a Capex-to-Operating-Income of 0.60 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 Top Line Business Development and its competitors. This is 60% below median its historical median of 1.51. Over the past decade, Top Line Business Development's Capex-to-Operating-Income has ranged from 0.70 to 3.16. According to the industry distribution chart, Top Line Business Development ranks #514 out of 594 companies in the Retail - Cyclical industry, placing it in the top 86.5%.
Is Top Line Business Development's Capex-to-Operating-Income too high?
Top Line Business Development's current Capex-to-Operating-Income of 0.60 is 60% below median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 3.16. The Retail - Cyclical industry median Capex-to-Operating-Income is 0.36. Top Line Business Development's value of 0.60 is 66.7% above this industry median. Based on the distribution chart, Top Line Business Development ranks #514 out of 594 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Top Line Business Development has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Top Line Business Development's Capex-to-Operating-Income compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Top Line Business Development ranks #514 out of 594 companies for Capex-to-Operating-Income. This places Top Line Business Development in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.36. Top Line Business Development's value of 0.60 is 66.7% above this benchmark. Historically, Top Line Business Development's own Capex-to-Operating-Income has ranged from 0.70 to 3.16 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 0.36, Top Line Business Development 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 Retail - Cyclical company?
The median Capex-to-Operating-Income among Retail - Cyclical companies is 0.36, based on 594 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. Top Line Business Development's current Capex-to-Operating-Income of 0.60 is 66.7% 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 Top Line Business Development and its competitors. For the Retail - Cyclical industry, the median Capex-to-Operating-Income is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Line Business Development's current Capex-to-Operating-Income is 0.60, which is 60% below median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Line Business Development stock overvalued right now?
Top Line Business Development (PHS:TOP) has a current Capex-to-Operating-Income of 0.60. The current Capex-to-Operating-Income is 0.60, which is 60% below median its 10-year median of 1.51 and 66.7% above the Retail - Cyclical industry median of 0.36. Top Line Business Development's overall GF Score™ is 13/100 with 3 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 Top Line Business Development (PHS:TOP), the current Capex-to-Operating-Income is 0.60 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.

Top Line Business Development Business Description

Address Mindanao Avenue, 19th Floor, Latitude Corporate Center, Cebu Business Park, Barangay Luz, Cebu, PHL, 6000
Top Line Business Development Corp is providing consistent and reliable fuel solutions that power industries with efficiency and sustainability. It is mainly focused on its vertically integrated liquid fuels business, with an emphasis on the underserved Central Visayas region. The company is engaged in the business of petroleum and petroleum products, mineral oils, and other sources of energy.
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