CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Cyclically Adjusted FCF per Share: ฿-0.38 (As of Jun. 2026)

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BKK:CPNREIT CPN Retail Growth Leasehold REIT BKK:CPNREIT
79 GF Score
Price ฿13.30
GF Value ฿11.98
Valuation Modestly Overvalued
! 10 Warning Signs
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What is CPN Retail Growth Leasehold REIT Cyclically Adjusted FCF per Share?

CPN Retail Growth Leasehold REIT BKK:CPNREIT -1.48% 79 Cyclically Adjusted FCF per Share is ฿-0.38 as of Jun. 2026. GuruFocus rates BKK:CPNREIT with a GF Score™ of 79/100 and a GF Value™ of ฿11.98 (Modestly Overvalued). The stock has 10 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

CPN Retail Growth Leasehold REIT's adjusted free cash flow per share for the three months ended in Jun. 2026 was ฿0.173. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ฿-0.38 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of CPN Retail Growth Leasehold REIT was 16.00% per year. The lowest was -32.90% per year. And the median was 2.65% per year.

As of today (2026-08-22), CPN Retail Growth Leasehold REIT's current stock price is ฿13.30. CPN Retail Growth Leasehold REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿-0.38. CPN Retail Growth Leasehold REIT's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CPN Retail Growth Leasehold REIT was 378.01. The lowest was 262.54. And the median was 359.76.


CPN Retail Growth Leasehold REIT  (BKK:CPNREIT) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CPN Retail Growth Leasehold REIT was 378.01. The lowest was 262.54. And the median was 359.76.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


CPN Retail Growth Leasehold REIT Cyclically Adjusted FCF per Share Related Terms


CPN Retail Growth Leasehold REIT Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for CPN Retail Growth Leasehold REIT's Cyclically Adjusted FCF per Share 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.

CPN Retail Growth Leasehold REIT Cyclically Adjusted FCF per Share Chart

CPN Retail Growth Leasehold REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.54 -0.55 -0.61 -0.32 -0.36

CPN Retail Growth Leasehold REIT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted FCF per Share 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 -0.33 -0.34 -0.36 -0.37 -0.38

BKK:CPNREIT vs VICI, WPC, BNL: Cyclically Adjusted FCF per Share Comparison

For the REIT - Diversified subindustry, CPN Retail Growth Leasehold REIT's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


CPN Retail Growth Leasehold REIT Cyclically Adjusted Price-to-FCF vs REITs Industry

For the REITs industry and Real Estate sector, CPN Retail Growth Leasehold REIT's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CPN Retail Growth Leasehold REIT's Cyclically Adjusted Price-to-FCF falls into.


BKK:CPNREIT
79GF Score
CPN Retail Growth Leasehold REIT BKK:CPNREIT
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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CPN Retail Growth Leasehold REIT Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, CPN Retail Growth Leasehold REIT's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.173/333.9520*333.9520
=0.173

Current CPI (Jun. 2026) = 333.9520.

CPN Retail Growth Leasehold REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.276 241.428 0.382
201612 0.375 241.432 0.519
201703 0.231 243.801 0.316
201706 0.240 244.955 0.327
201709 0.231 246.819 0.313
201712 -5.978 246.524 -8.098
201803 0.049 249.554 0.066
201806 0.429 251.989 0.569
201809 0.429 252.439 0.568
201812 0.294 251.233 0.391
201903 0.503 254.202 0.661
201906 0.383 256.143 0.499
201909 0.089 256.759 0.116
201912 0.812 256.974 1.055
202003 -3.268 258.115 -4.228
202006 0.216 257.797 0.280
202009 0.410 260.280 0.526
202012 0.284 260.474 0.364
202103 -1.994 264.877 -2.514
202106 0.123 271.696 0.151
202109 0.134 274.310 0.163
202112 0.273 278.802 0.327
202203 0.320 287.504 0.372
202206 0.345 296.311 0.389
202209 0.424 296.808 0.477
202212 0.332 296.797 0.374
202303 0.494 301.836 0.547
202306 0.458 305.109 0.501
202309 0.717 307.789 0.778
202312 -0.306 306.746 -0.333
202403 1.397 312.332 1.494
202406 -3.142 314.175 -3.340
202409 0.282 315.301 0.299
202412 0.194 315.605 0.205
202503 0.473 319.799 0.494
202506 0.260 322.561 0.269
202509 0.212 324.800 0.218
202512 0.239 324.054 0.246
202603 0.267 330.213 0.270
202606 0.173 333.952 0.173

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of ฿-0.38 mean?
CPN Retail Growth Leasehold REIT (BKK:CPNREIT) has a Cyclically Adjusted FCF per Share of ฿-0.38 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on CPN Retail Growth Leasehold REIT and its competitors.
Is CPN Retail Growth Leasehold REIT's Cyclically Adjusted FCF per Share too high?
CPN Retail Growth Leasehold REIT's current Cyclically Adjusted FCF per Share is ฿-0.38. Overall, CPN Retail Growth Leasehold REIT has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CPN Retail Growth Leasehold REIT's Cyclically Adjusted FCF per Share compare to VICI and WPC?
CPN Retail Growth Leasehold REIT's Cyclically Adjusted FCF per Share of ฿-0.38 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a REITs company?
A good Cyclically Adjusted FCF per Share depends on the REITs industry context. However, Cyclically Adjusted FCF per Share 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 Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on CPN Retail Growth Leasehold REIT and its competitors. CPN Retail Growth Leasehold REIT's current Cyclically Adjusted FCF per Share is ฿-0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPN Retail Growth Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, CPN Retail Growth Leasehold REIT (BKK:CPNREIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿11.98, compared to a current price of ฿13.30 — trading 11% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ฿-0.38. CPN Retail Growth Leasehold REIT's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For CPN Retail Growth Leasehold REIT (BKK:CPNREIT), the current Cyclically Adjusted FCF per Share is ฿-0.38 as of Jun. 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 CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Overvalued in 2026?

Based on GuruFocus' analysis, CPN Retail Growth Leasehold REIT stock appears to be overvalued. The current stock price of ฿13.30 is trading 11% above its estimated GF Value™ of ฿11.98. GuruFocus considers CPN Retail Growth Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:CPNREIT:

  • Cyclically Adjusted FCF per Share: ฿-0.38
  • GF Value™: ฿11.98 vs. price of ฿13.30 (11% above fair value)
  • GF Score™: 79/100 with 10 warning signs

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


CPN Retail Growth Leasehold REIT Business Description

Industry Real EstateREITs
Address No. 999/9 Rama 1 Road, 31st Floor, The Offices at CentralWorld, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330
CPN Retail Growth Leasehold REIT is a closed-end real estate investment trust. Its main business is investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The company has invested in a few projects including shopping projects namely Central Rama 2, Central Rama 3, Central Pinklao and Central Chiangmai Airport, and 2 office buildings, Central Pinklao Tower A and Tower B, as well as invested in additional assets, namely Central Pattaya Shopping Center and Hilton Pattaya Hotel Its operational locality is Thailand. The Trust's reportable operating segment was only investments in leasehold properties and securities, which operated in only one geographical segment, i.e. Thailand by recognize revenue over the time.
79GF Score

Get the complete analysis for BKK:CPNREIT

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿13.30
Price
฿11.98
GF Value