Banpu PCL (FRA:NVAC) Cyclically Adjusted FCF per Share: €0.02 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

FRA:NVAC Banpu PCL FRA:NVAC
71 GF Score
Price €0.14
GF Value €0.11
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Banpu PCL Cyclically Adjusted FCF per Share?

Banpu PCL FRA:NVAC 71 Cyclically Adjusted FCF per Share is €0.02 as of Mar. 2026. GuruFocus rates FRA:NVAC with a GF Score™ of 71/100 and a GF Value™ of €0.11 (Modestly Overvalued). The stock has 9 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.

Banpu 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 €0.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Banpu PCL's average Cyclically Adjusted FCF Growth Rate was -4.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% 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 Banpu PCL was 230.20% per year. The lowest was -66.00% per year. And the median was 24.70% per year.

As of today (2026-07-22), Banpu PCL's current stock price is €0.135. Banpu PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €0.02. Banpu PCL's Cyclically Adjusted Price-to-FCF of today is 6.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Banpu PCL was 522.41. The lowest was 4.93. And the median was 23.05.


Banpu PCL  (FRA:NVAC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.135/0.02
=6.75

* 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 Banpu PCL was 522.41. The lowest was 4.93. And the median was 23.05.


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.


Banpu PCL Cyclically Adjusted FCF per Share Related Terms


Banpu PCL Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Banpu 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.

Banpu PCL Cyclically Adjusted FCF per Share Chart

Banpu 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 0.00 0.02 0.02 0.02 0.02

Banpu 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 0.02 0.02 0.02 0.02 0.02

Banpu PCL Cyclically Adjusted FCF per Share Competitor Comparison

For the Thermal Coal subindustry, Banpu 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.


Banpu PCL Cyclically Adjusted Price-to-FCF vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Banpu PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


FRA:NVAC
71GF Score
Banpu PCL FRA:NVAC
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banpu 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, Banpu 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.

Banpu PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.014 241.018 -0.019
201609 -0.008 241.428 -0.011
201612 0.011 241.432 0.015
201703 0.007 243.801 0.009
201706 -0.017 244.955 -0.023
201709 0.017 246.819 0.023
201712 0.010 246.524 0.013
201803 -0.010 249.554 -0.013
201806 -0.002 251.989 -0.003
201809 0.017 252.439 0.022
201812 0.015 251.233 0.020
201903 0.000 254.202 0.000
201906 -0.005 256.143 -0.006
201909 -0.013 256.759 -0.017
201912 -0.008 256.974 -0.010
202003 0.052 258.115 0.067
202006 -0.041 257.797 -0.053
202009 0.004 260.280 0.005
202012 -0.073 260.474 -0.093
202103 0.012 264.877 0.015
202106 0.019 271.696 0.023
202109 0.023 274.310 0.028
202112 0.022 278.802 0.026
202203 0.010 287.504 0.011
202206 0.031 296.311 0.035
202209 0.064 296.808 0.071
202212 0.073 296.797 0.081
202303 -0.001 301.836 -0.001
202306 -0.017 305.109 -0.018
202309 0.009 307.789 0.010
202312 -0.011 306.746 -0.012
202403 -0.010 312.332 -0.011
202406 0.021 314.175 0.022
202409 0.004 315.301 0.004
202412 0.003 315.605 0.003
202503 -0.014 319.799 -0.014
202506 0.016 322.561 0.016
202509 -0.005 324.800 -0.005
202512 -0.008 324.054 -0.008
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 €0.02 mean?
Banpu PCL (FRA:NVAC) has a Cyclically Adjusted FCF per Share of €0.02 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 Banpu PCL and its competitors.
Is Banpu PCL's Cyclically Adjusted FCF per Share too high?
Banpu PCL's current Cyclically Adjusted FCF per Share is €0.02. Overall, Banpu PCL has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banpu PCL's Cyclically Adjusted FCF per Share compare to competitors?
Banpu PCL's Cyclically Adjusted FCF per Share of €0.02 can be compared against companies in the Other Energy Sources 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 an Other Energy Sources company?
A good Cyclically Adjusted FCF per Share depends on the Other Energy Sources 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 Banpu PCL and its competitors. Banpu PCL's current Cyclically Adjusted FCF per Share is €0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banpu PCL stock overvalued right now?
Based on GuruFocus' analysis, Banpu PCL (FRA:NVAC) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.11, compared to a current price of €0.14 — trading 22.7% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.02. Banpu PCL's overall GF Score™ is 71/100 with 9 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 Banpu PCL (FRA:NVAC), the current Cyclically Adjusted FCF per Share is €0.02 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 Banpu PCL (FRA:NVAC) Overvalued in 2026?

Based on GuruFocus' analysis, Banpu PCL stock appears to be overvalued. The current stock price of €0.14 is trading 22.7% above its estimated GF Value™ of €0.11. GuruFocus considers Banpu PCL to be Modestly Overvalued.

Key valuation signals for FRA:NVAC:

  • Cyclically Adjusted FCF per Share: €0.02
  • GF Value™: €0.11 vs. price of €0.14 (22.7% above fair value)
  • GF Score™: 71/100 with 9 warning signs

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


Banpu PCL Business Description

Other Exchanges BANPU:ThailandBPFG:Germany
Address New Petchburi Road, 27th Floor, 1550 Thanapoom Tower, Makkasan, Ratchathewi, Bangkok, THA, 10400
Banpu PCL is engaged in four core groups of businesses which are Next-gen mining, U.S. closed-loop gas, Power plus, and Future Tech. The Group has operations in Thailand and overseas which are mainly in the Indonesia, People's Republic of China, Australia, Mongolia, Socialist Republic of Vietnam, Japan, and the United States.
71GF Score

Get the complete analysis for FRA:NVAC

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

€0.14
Price
€0.11
GF Value