Atos GroupWBO:ATO2 -4.62%46 Capex-to-Operating-Income is 0.42 as of Dec. 2025, which is 9% below its 10-year median of 0.46. GuruFocus rates WBO:ATO2 with a GF Score™ of 46/100 and a GF Value™ of €16.47 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,309 Software companies, Atos Group ranks worse than 84.95% 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.
Hence, Atos Group's Capex-to-Operating-Income for the
six
months ended in Dec. 2025 was 0.42.
Atos Group (WBO:ATO2) 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.
Atos Group Capex-to-Operating-Income Related Terms
Atos Group Capex-to-Operating-Income Historical Data
* Premium members only.
The historical data trend for Atos 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.
WBO:ATO2 vs IBM, ACN, FISV: Capex-to-Operating-Income Comparison
For the Information Technology Services subindustry, Atos 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.
Atos Group Capex-to-Operating-Income vs Software Industry
For the Software industry and Technology sector, Atos Group's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Atos Group'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 0.42 mean?
Atos Group (WBO:ATO2) has a Capex-to-Operating-Income of 0.42 as of Dec. 2025. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Atos Group and its competitors. This is near median its historical median of 0.46. Over the past decade, Atos Group's Capex-to-Operating-Income has ranged from 0.36 to 1.44. According to the industry distribution chart, Atos Group ranks #1112 out of 1309 companies in the Software industry, placing it in the top 85%.
Is Atos Group's Capex-to-Operating-Income too high?
Atos Group's current Capex-to-Operating-Income of 0.42 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.44. The Software industry median Capex-to-Operating-Income is 0.27. Atos Group's value of 0.42 is 55.6% above this industry median. Based on the distribution chart, Atos Group ranks #1112 out of 1309 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Atos Group has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atos Group's Capex-to-Operating-Income compare to IBM and ACN?
According to the Software industry distribution chart, Atos Group ranks #1112 out of 1309 companies for Capex-to-Operating-Income. This places Atos Group in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.27. Atos Group's value of 0.42 is 55.6% above this benchmark. Historically, Atos Group's own Capex-to-Operating-Income has ranged from 0.36 to 1.44 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.27, Atos 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 Software company?
The median Capex-to-Operating-Income among Software companies is 0.27, based on 1,309 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. Atos Group's current Capex-to-Operating-Income of 0.42 is 55.6% 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 Atos Group and its competitors. For the Software 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. Atos Group's current Capex-to-Operating-Income is 0.42, which is near median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atos Group stock overvalued right now?
Based on GuruFocus' analysis, Atos Group (WBO:ATO2) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.47, compared to a current price of €33.06 — trading 100.7% above its estimated fair value. The current Capex-to-Operating-Income is 0.42, which is near median its 10-year median of 0.46 and 55.6% above the Software industry median of 0.27. Atos Group's overall GF Score™ is 46/100 with 4 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 Atos Group (WBO:ATO2), the current Capex-to-Operating-Income is 0.42 as of Dec. 2025. 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 Atos Group (WBO:ATO2) Overvalued in 2026?
Based on GuruFocus' analysis, Atos Group stock appears to be overvalued.
The current stock price of €33.06 is trading 100.7% above its estimated GF Value™ of €16.47.
GuruFocus considers Atos Group to be Significantly Overvalued.
Key valuation signals for WBO:ATO2:
Capex-to-Operating-Income: 0.42 (near median its 10-year median of 0.46)
GF Value™: €16.47 vs. price of €33.06 (100.7% above fair value)
Industry Position: 55.6% above the Software median (#1112 of 1309)
No single metric tells the full story. See the WBO:ATO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atos Group is a digital transformation company. It provides digital transformation and technology services. The company's offerings include the development and implementation of AI-enabled digital solutions, as well as related technology, integration, and support services for organizations.
46GF Score
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Capex-to-Operating-Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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