Capex (BUE:CAPX) Debt-to-Equity: 0.99 (As of Apr. 2026) — Near Median

Author: Vera Yuan Vera Yuan
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Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:CAPX Capex SA BUE:CAPX
68 GF Score
Price ARS3,225.00
GF Value ARS7,284.75
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Capex Debt-to-Equity?

Capex BUE:CAPX -0.31% 68 Debt-to-Equity is 0.99 as of Apr. 2026, which is 1% above its 10-year median of 0.98. GuruFocus rates BUE:CAPX with a GF Score™ of 68/100 and a GF Value™ of ARS7,284.75 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 809 Oil & Gas companies, Capex ranks worse than 73.42% on this metric.

Capex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was ARS170,595 Mil. Capex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was ARS532,705 Mil. Capex's Total Stockholders Equity for the quarter that ended in Apr. 2026 was ARS712,301 Mil. Capex's debt to equity for the quarter that ended in Apr. 2026 was 0.99.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Capex's Debt-to-Equity or its related term are showing as below:

BUE:CAPX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68   Med: 0.98   Max: 1.22
Current: 0.99

During the past 13 years, the highest Debt-to-Equity Ratio of Capex was 1.22. The lowest was 0.68. And the median was 0.98.

BUE:CAPX's Debt-to-Equity is ranked worse than
73.42% of 809 companies
in the Oil & Gas industry
Industry Median: 0.45 vs BUE:CAPX: 0.99

Capex  (BUE:CAPX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Capex Debt-to-Equity Related Terms


Capex Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Capex's Debt-to-Equity 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.

Capex Debt-to-Equity Chart

Capex Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.68 1.03 0.97 0.99

Capex Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.97 1.24 1.24 1.20 0.99

BUE:CAPX vs COP, EOG, FANG: Debt-to-Equity Comparison

For the Oil & Gas E&P subindustry, Capex's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.


Capex Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Capex's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Capex's Debt-to-Equity falls into.


BUE:CAPX
68GF Score
Capex SA BUE:CAPX
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Capex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Capex's Debt to Equity Ratio for the fiscal year that ended in Apr. 2026 is calculated as

Capex's Debt to Equity Ratio for the quarter that ended in Apr. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.99 mean?
Capex (BUE:CAPX) has a Debt-to-Equity of 0.99 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Capex and its competitors. This is near median its historical median of 0.98. Over the past decade, Capex's Debt-to-Equity has ranged from 0.68 to 1.22. According to the industry distribution chart, Capex ranks #594 out of 809 companies in the Oil & Gas industry, placing it in the top 73.4%.
Is Capex's Debt-to-Equity too high?
Capex's current Debt-to-Equity of 0.99 is near median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.22. The Oil & Gas industry median Debt-to-Equity is 0.45. Capex's value of 0.99 is 120% above this industry median. Based on the distribution chart, Capex ranks #594 out of 809 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Capex has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Capex's Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Capex ranks #594 out of 809 companies for Debt-to-Equity. This places Capex in the lower half of its industry. The industry median Debt-to-Equity is 0.45. Capex's value of 0.99 is 120% above this benchmark. Historically, Capex's own Debt-to-Equity has ranged from 0.68 to 1.22 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.45, Capex 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 Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 809 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Capex's current Debt-to-Equity of 0.99 is 120% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Capex and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capex's current Debt-to-Equity is 0.99, which is near median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capex stock overvalued right now?
Based on GuruFocus' analysis, Capex (BUE:CAPX) is currently considered Possible Value Trap. The stock's GF Value™ is ARS7,284.75, compared to a current price of ARS3,225.00 — trading 55.7% below its estimated fair value. The current Debt-to-Equity is 0.99, which is near median its 10-year median of 0.98 and 120% above the Oil & Gas industry median of 0.45. Capex's overall GF Score™ is 68/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Capex (BUE:CAPX), the current Debt-to-Equity is 0.99 as of Apr. 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 Capex (BUE:CAPX) Overvalued in 2026?

Based on GuruFocus' analysis, Capex stock appears to be undervalued. The current stock price of ARS3,225.00 is trading 55.7% below its estimated GF Value™ of ARS7,284.75. GuruFocus considers Capex to be Possible Value Trap.

Key valuation signals for BUE:CAPX:

  • Debt-to-Equity: 0.99 (near median its 10-year median of 0.98)
  • GF Value™: ARS7,284.75 vs. price of ARS3,225.00 (55.7% below fair value)
  • GF Score™: 68/100 with 9 warning signs
  • Industry Position: 120% above the Oil & Gas median (#594 of 809)

No single metric tells the full story. See the BUE:CAPX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Capex Business Description

Industry EnergyOil & Gas
Address Carlos F. Melo 630, Vicente Lopez, Buenos Aires, ARG, 1638
Capex SA is an Argentina based company predominantly engaged in generation of electricity. It operates in the business segments of Oil and Gas which consists the exploration, production and sale of oil and gas, Energy which is engaged in electric power generation, LPG which involves the production and sale of gas derived liquid fuel, and Renewable energies segment which consists of wind electric power generation activities, Hydrogen Energy which involves generation of electric power with hydrogen activities, and Oxygen which includes the oxygen production and sale operations. It derives a majority of the revenue from the Oil and Gas segment.
68GF Score

Get the complete analysis for BUE:CAPX

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS3,225.00
Price
ARS7,284.75
GF Value