Phol Dhanya PCL (BKK:PHOL) Cyclically Adjusted FCF per Share: ฿0.32 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:PHOL Phol Dhanya PCL BKK:PHOL
74 GF Score
Price ฿3.28
GF Value ฿2.92
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Phol Dhanya PCL Cyclically Adjusted FCF per Share?

Phol Dhanya PCL BKK:PHOL +1.23% 74 Cyclically Adjusted FCF per Share is ฿0.32 as of Mar. 2026. GuruFocus rates BKK:PHOL with a GF Score™ of 74/100 and a GF Value™ of ฿2.92 (Modestly Overvalued). The stock has 4 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.

Phol Dhanya PCL's adjusted free cash flow per share for the three months ended in Mar. 2026 was ฿0.020. 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 ฿0.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Phol Dhanya PCL's average Cyclically Adjusted FCF Growth Rate was 52.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.50% 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 Phol Dhanya PCL was 17.80% per year. The lowest was -1.80% per year. And the median was 7.50% per year.

As of today (2026-08-02), Phol Dhanya PCL's current stock price is ฿3.28. Phol Dhanya PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ฿0.32. Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF of today is 10.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Phol Dhanya PCL was 35.31. The lowest was 8.81. And the median was 16.67.


Phol Dhanya PCL  (BKK:PHOL) 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.

Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.28/0.32
=10.25

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Phol Dhanya PCL was 35.31. The lowest was 8.81. And the median was 16.67.


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.


Phol Dhanya PCL Cyclically Adjusted FCF per Share Related Terms


Phol Dhanya PCL Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Phol Dhanya PCL'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.

Phol Dhanya PCL Cyclically Adjusted FCF per Share Chart

Phol Dhanya PCL 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 0.19 0.18 0.17 0.18 0.26

Phol Dhanya PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.21 0.21 0.23 0.26 0.32

BKK:PHOL vs ALLE, MSA, ADT: Cyclically Adjusted FCF per Share Comparison

For the Security & Protection Services subindustry, Phol Dhanya PCL'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.


Phol Dhanya PCL Cyclically Adjusted Price-to-FCF vs Business Services Industry

For the Business Services industry and Industrials sector, Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF falls into.


BKK:PHOL
74GF Score
Phol Dhanya PCL BKK:PHOL
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Phol Dhanya PCL 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, Phol Dhanya PCL's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.02/330.2130*330.2130
=0.020

Current CPI (Mar. 2026) = 330.2130.

Phol Dhanya PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.498 241.018 -0.682
201609 0.209 241.428 0.286
201612 -0.572 241.432 -0.782
201703 -0.045 243.801 -0.061
201706 0.276 244.955 0.372
201709 0.183 246.819 0.245
201712 0.219 246.524 0.293
201803 0.180 249.554 0.238
201806 0.212 251.989 0.278
201809 0.168 252.439 0.220
201812 0.119 251.233 0.156
201903 0.047 254.202 0.061
201906 0.182 256.143 0.235
201909 0.145 256.759 0.186
201912 0.249 256.974 0.320
202003 0.093 258.115 0.119
202006 0.151 257.797 0.193
202009 -0.085 260.280 -0.108
202012 0.207 260.474 0.262
202103 -0.085 264.877 -0.106
202106 -0.049 271.696 -0.060
202109 0.008 274.310 0.010
202112 0.274 278.802 0.325
202203 -0.111 287.504 -0.127
202206 0.205 296.311 0.228
202209 -0.012 296.808 -0.013
202212 0.036 296.797 0.040
202303 0.150 301.836 0.164
202306 0.160 305.109 0.173
202309 0.044 307.789 0.047
202312 -0.044 306.746 -0.047
202403 0.004 312.332 0.004
202406 0.058 314.175 0.061
202409 0.061 315.301 0.064
202412 0.153 315.605 0.160
202503 -0.007 319.799 -0.007
202506 0.045 322.561 0.046
202509 0.207 324.800 0.210
202512 0.211 324.054 0.215
202603 0.020 330.213 0.020

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 ฿0.32 mean?
Phol Dhanya PCL (BKK:PHOL) has a Cyclically Adjusted FCF per Share of ฿0.32 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Phol Dhanya PCL and its competitors.
Is Phol Dhanya PCL's Cyclically Adjusted FCF per Share too high?
Phol Dhanya PCL's current Cyclically Adjusted FCF per Share is ฿0.32. Overall, Phol Dhanya PCL has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Phol Dhanya PCL's Cyclically Adjusted FCF per Share compare to ALLE and MSA?
Phol Dhanya PCL's Cyclically Adjusted FCF per Share of ฿0.32 can be compared against companies in the Business Services 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 Business Services company?
A good Cyclically Adjusted FCF per Share depends on the Business Services 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 Phol Dhanya PCL and its competitors. Phol Dhanya PCL's current Cyclically Adjusted FCF per Share is ฿0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phol Dhanya PCL stock overvalued right now?
Based on GuruFocus' analysis, Phol Dhanya PCL (BKK:PHOL) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.92, compared to a current price of ฿3.28 — trading 12.3% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ฿0.32. Phol Dhanya PCL's overall GF Score™ is 74/100 with 4 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 Phol Dhanya PCL (BKK:PHOL), the current Cyclically Adjusted FCF per Share is ฿0.32 as of Mar. 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 Phol Dhanya PCL (BKK:PHOL) Overvalued in 2026?

Based on GuruFocus' analysis, Phol Dhanya PCL stock appears to be overvalued. The current stock price of ฿3.28 is trading 12.3% above its estimated GF Value™ of ฿2.92. GuruFocus considers Phol Dhanya PCL to be Modestly Overvalued.

Key valuation signals for BKK:PHOL:

  • Cyclically Adjusted FCF per Share: ฿0.32
  • GF Value™: ฿2.92 vs. price of ฿3.28 (12.3% above fair value)
  • GF Score™: 74/100 with 4 warning signs

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


Phol Dhanya PCL Business Description

Address 1/11 Moo 3 Lamlukka Road, Tambol Ladsawai, Amphur Lamlukka, Pathum Thani Province, Pathumthani, THA, 12150
Phol Dhanya PCL is a Thailand-based company engaged in the trading business. It is involved in the distribution of safety, health, and environmental products, and the distribution, production, and servicing of water treatment systems. The operating segments of the group are Trading in Health and Safety Products, Water treatment systems, and Others. It generates the majority of its revenue from the Trading in Health and Safety Products segment. The company offers products like firefighting suits, gas meters, fall protection devices, gloves, dust masks, chemical masks, and other related products. The group operates in Thailand, and internationally of which the majority of the revenue is derived from Thailand.
74GF Score

Get the complete analysis for BKK:PHOL

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

฿3.28
Price
฿2.92
GF Value