CapEx intensity can boil down heavily to the industry a company is in. If a software company is doing a lot of CapEx, it's likely growing pretty quickly. If a

CapEx intensity can boil down heavily to the industry a company is in. If a software company is doing a lot of CapEx, it's likely growing pretty quickly. If a manufacturing company is spending a similar ratio of its earnings, it may well just be treading water. As usual with these ratio metrics, a full understanding of the industry, or at least understanding that you can't compare apples to oranges, is important.