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Stock markets compared by capex intensity

Data as of .

Capex % by market and sector

Cap-weighted across companies, at the cockpit's default liquidity gate ($50M a day); local currency. Ranked by the All-sectors column. Data as of 6 Nov 2026.
MarketAll sectorsCommunication ServicesConsumer DiscretionaryConsumer StaplesEnergyFinancialsHealth CareIndustrialsInformation TechnologyMaterialsReal EstateUtilities
United States33.9%48.9%16.1%3.7%14.8%—7.3%6.1%22.0%13.5%—687.6%
Taiwan23.8%14.3%4.5%—1.8%—11.6%27.3%24.8%7.1%——
Australia19.6%17.0%3.8%3.4%43.3%—7.8%14.1%154.4%19.0%——
Canada19.2%14.4%3.9%3.3%15.4%——13.2%0.7%44.0%—43.3%
China17.3%13.6%13.7%3.8%12.0%—10.9%8.8%27.5%10.8%—53.4%
Norway16.9%———19.2%——8.0%————
Denmark16.2%—————21.2%2.8%————
Singapore16.0%18.3%—————7.2%————
Hong Kong14.2%12.4%10.2%2.3%21.5%—9.1%7.4%28.5%7.8%——
India11.5%23.1%4.9%3.1%10.3%—16.8%14.8%1.6%———
Spain10.5%—6.6%—5.3%——6.2%8.7%——16.9%
United Kingdom10.5%21.8%3.4%3.6%6.1%—9.8%4.7%2.6%20.3%—54.3%
Poland10.3%—8.7%——————12.1%——
South Korea10.2%13.9%4.6%0.7%5.6%—21.6%14.0%9.2%8.5%——
Italy9.7%—12.1%—10.7%——4.0%20.8%——11.1%
Germany8.1%15.3%5.3%———5.9%4.1%4.0%5.9%—37.0%
Japan7.1%12.8%6.5%4.5%9.6%—7.4%6.0%5.5%9.1%—11.3%
France6.2%11.2%6.2%3.4%8.1%—5.9%4.6%5.8%14.2%—9.0%
Switzerland6.2%19.5%4.8%4.8%——7.3%3.3%1.2%6.0%——
Netherlands5.1%21.6%—6.5%——3.8%7.5%4.0%7.5%——
Sweden5.0%——————4.4%—14.0%——
Finland3.0%———————3.0%———
All markets27.2%41.3%13.7%3.8%13.9%—8.0%6.8%20.9%15.8%—411.4%

Other measures: market capitalisation · market cap to GDP · number of listed companies · forward P/E · P/E ratio · price-to-book · EV/sales · free cash flow yield · revenue growth · EPS growth · operating margin · return on capital · net debt to EBITDA · share of profitable companies · share of companies expanding margins · share of companies with accelerating revenue · ROIC minus WACC · ROIC · growth the price implies (Req g) · growth hurdle · cost of capital (WACC) · EV/EBITDA · share of companies burning cash · 1-week return · 1-month return · 3-month return · 6-month return · year-to-date return · 1-year return · breadth (share above the 50-day average).

Questions

Which stock market has the highest capex intensity?
United States, at 33.9% (cap-weighted, as of 6 Nov 2026), followed by Taiwan (23.8%) and Australia (19.6%).