Capex (BUE:CAPX) Operating Margin %: -7.47% (As of Jan. 2026)


BUE:CAPX Capex SA BUE:CAPX
74 GF Score
Price ARS4,230.00
GF Value ARS5,271.65
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Capex Operating Margin %?

Capex BUE:CAPX -2.76% 74 Operating Margin % is -7.47% as of Jan. 2026. GuruFocus rates BUE:CAPX with a GF Score™ of 74/100 and a GF Value™ of ARS5,271.65 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 916 Oil & Gas companies, Capex ranks worse than 73.69% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Capex's Operating Income for the three months ended in Jan. 2026 was ARS-10,435 Mil. Capex's Revenue for the three months ended in Jan. 2026 was ARS139,771 Mil. Therefore, Capex's Operating Margin % for the quarter that ended in Jan. 2026 was -7.47%.

Warning Sign:

Capex SA operating margin has been in a 5-year decline. The average rate of decline per year is -27.6%.

The historical rank and industry rank for Capex's Operating Margin % or its related term are showing as below:

BUE:CAPX' s Operating Margin % Range Over the Past 10 Years
Min: -0.31   Med: 29.03   Max: 46.41
Current: -0.31


BUE:CAPX's Operating Margin % is ranked worse than
73.69% of 916 companies
in the Oil & Gas industry
Industry Median: 6.86 vs BUE:CAPX: -0.31

Capex's 5-Year Average Operating Margin % Growth Rate was -27.60% per year.

Capex's Operating Income for the three months ended in Jan. 2026 was ARS-10,435 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was ARS-1,217 Mil.

Warning Sign:

Capex SA has recorded a loss in operating income at least once over the past 3 years.


Capex  (BUE:CAPX) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Capex Operating Margin % Related Terms


Capex Operating Margin % Historical Data

* Premium members only.

The historical data trend for Capex's Operating 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.

Capex Operating Margin % Chart

Capex Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.83 29.74 27.38 7.49 5.88

Capex Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
Operating Margin % 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 14.37 -74.85 13.93 5.67 -7.47

BUE:CAPX vs COP, EOG, OXY: Operating Margin % Comparison

For the Oil & Gas E&P subindustry, Capex's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Capex's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Capex's Operating Margin % falls into.


BUE:CAPX
74GF Score
Capex SA BUE:CAPX
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Capex Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Capex's Operating Margin % for the fiscal year that ended in Apr. 2025 is calculated as

Operating Margin %=Operating Income (A: Apr. 2025 ) / Revenue (A: Apr. 2025 )
=23929.829 / 407152.615
=5.88 %

Capex's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as

Operating Margin %=Operating Income (Q: Jan. 2026 ) / Revenue (Q: Jan. 2026 )
=-10435.456 / 139770.583
=-7.47 %

* 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 Operating Margin % →
What does a Operating Margin % of -7.47% mean?
Capex (BUE:CAPX) has a Operating Margin % of -7.47% as of Jan. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Capex and its competitors. According to the industry distribution chart, Capex ranks #675 out of 916 companies in the Oil & Gas industry, placing it in the top 73.7%.
Is Capex's Operating Margin % too high?
Capex's current Operating Margin % is -7.47%. Based on the distribution chart, Capex ranks #675 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Capex has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Capex's Operating Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Capex ranks #675 out of 916 companies for Operating Margin %. This places Capex in the lower half of its industry. The industry median Operating Margin % is 6.86. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Oil & Gas company?
The median Operating Margin % among Oil & Gas companies is 6.86, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Capex and its competitors. For the Oil & Gas industry, the median Operating Margin % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capex's current Operating Margin % is -7.47%. 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 ARS5,271.65, compared to a current price of ARS4,230.00 — trading 19.8% below its estimated fair value. The current Operating Margin % is -7.47%. Capex's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Capex (BUE:CAPX), the current Operating Margin % is -7.47% 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 ARS4,230.00 is trading 19.8% below its estimated GF Value™ of ARS5,271.65. GuruFocus considers Capex to be Modestly Undervalued.

Key valuation signals for BUE:CAPX:

  • Operating Margin %: -7.47%
  • GF Value™: ARS5,271.65 vs. price of ARS4,230.00 (19.8% below fair value)
  • GF Score™: 74/100 with 7 warning signs

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.
74GF Score

Get the complete analysis for BUE:CAPX

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS4,230.00
Price
ARS5,271.65
GF Value