CapexBUE:CAPX +1.10%69 Gross Margin % is 13.79% as of Jan. 2026, which is 71% below its 10-year median of 47.47. GuruFocus rates BUE:CAPX with a GF Score™ of 69/100 and a GF Value™ of ARS5,274.45 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 872 Oil & Gas companies, Capex ranks worse than 57.8% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Capex's Gross Profit for the
three
months ended in Jan. 2026 was ARS19,278 Mil. Capex's Revenue for the
three
months ended in Jan. 2026 was ARS139,771 Mil. Therefore, Capex's Gross Margin % for the quarter that ended in Jan. 2026 was 13.79%.
Warning Sign:
Capex SA gross margin has been in long-term decline. The average rate of decline per year is -7.1%.
The historical rank and industry rank for Capex's Gross Margin % or its related term are showing as below:
BUE:CAPX'
s Gross Margin % Range Over the Past 10 Years
Min: 20.86 Med: 47.47 Max: 67.09
Current: 20.86
During the past 13 years, the highestGross Margin % of Capex was 67.09%. The lowest was 20.86%. And the median was 47.47%.
BUE:CAPX's Gross Margin % is ranked worse than 57.8% of 872
companies
in the Oil & Gas industry
Industry Median: 25.535
vs BUE:CAPX: 20.86
Capex had a gross margin of 13.79% for the quarter that ended in Jan. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Capex was -7.10% per year.
Capex (BUE:CAPX) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Capex had a gross margin of 13.79% for the quarter that ended in Jan. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Capex Gross Margin % Related Terms
Capex Gross Margin % Historical Data
* Premium members only.
The historical data trend for Capex's Gross Margin % 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.
BUE:CAPX vs COP, EOG, FANG: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, Capex's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Capex's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Capex's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Capex (BUE:CAPX) has a Gross Margin % of 13.79% as of Jan. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Capex and its competitors. This is 71% below median its historical median of 47.47. Over the past decade, Capex's Gross Margin % has ranged from 20.86 to 67.09. According to the industry distribution chart, Capex ranks #504 out of 872 companies in the Oil & Gas industry, placing it in the top 57.8%.
Is Capex's Gross Margin % too high?
Capex's current Gross Margin % of 13.79% is 71% below median its 10-year median of 47.47. Over the past 10 years, this metric has ranged from a low of 20.86 to a high of 67.09. The Oil & Gas industry median Gross Margin % is 25.54. Capex's value of 13.79% is 46% below this industry median. Based on the distribution chart, Capex ranks #504 out of 872 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Capex has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Capex's Gross Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Capex ranks #504 out of 872 companies for Gross Margin %. This places Capex in the lower half of its industry. The industry median Gross Margin % is 25.54. Capex's value of 13.79% is 46% below this benchmark. Historically, Capex's own Gross Margin % has ranged from 20.86 to 67.09 over the past decade. While the company's 10-year median is 47.47 vs. the industry median of 25.54, Capex has consistently been below 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 Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.54, based on 872 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Capex's current Gross Margin % of 13.79% is 46% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Capex and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capex's current Gross Margin % is 13.79%, which is 71% below median its own 10-year median of 47.47. 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 Modestly Undervalued. The stock's GF Value™ is ARS5,274.45, compared to a current price of ARS4,135.00 — trading 21.6% below its estimated fair value. The current Gross Margin % is 13.79%, which is 71% below median its 10-year median of 47.47 and 46% below the Oil & Gas industry median of 25.54. Capex's overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Capex (BUE:CAPX), the current Gross Margin % is 13.79% as of Jan. 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 ARS4,135.00 is trading 21.6% below its estimated GF Value™ of ARS5,274.45.
GuruFocus considers Capex to be Modestly Undervalued.
Key valuation signals for BUE:CAPX:
Gross Margin %: 13.79% (71% below median its 10-year median of 47.47)
GF Value™: ARS5,274.45 vs. price of ARS4,135.00 (21.6% below fair value)
Industry Position: 46% below the Oil & Gas median (#504 of 872)
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 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.
69GF Score
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