A J Plast PCL (BKK:AJ-R) Cyclically Adjusted Price-to-FCF: (As of Sep. 08, 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.

BKK:AJ-R A J Plast PCL BKK:AJ-R
44 GF Score
Price ฿3.66
GF Value ฿2.58
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is A J Plast PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


A J Plast PCL  (BKK:AJ-R) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


A J Plast PCL Cyclically Adjusted Price-to-FCF Related Terms


A J Plast PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for A J Plast PCL's Cyclically Adjusted Price-to-FCF 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.

A J Plast PCL Cyclically Adjusted Price-to-FCF Chart

A J Plast PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

A J Plast PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Price-to-FCF 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 0.00 0.00 0.00 0.00 0.00

BKK:AJ-R vs SW, AMCR, PKG: Cyclically Adjusted Price-to-FCF Comparison

For the Packaging & Containers subindustry, A J Plast 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.


A J Plast PCL Cyclically Adjusted Price-to-FCF vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, A J Plast PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:AJ-R
44GF Score
A J Plast PCL BKK:AJ-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

A J Plast PCL Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

A J Plast PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, A J Plast PCL'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)
=-0.247/333.9520*333.9520
=-0.247

Current CPI (Jun. 2026) = 333.9520.

A J Plast PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.314 241.428 -0.434
201612 0.152 241.432 0.210
201703 -0.014 243.801 -0.019
201706 0.722 244.955 0.984
201709 1.302 246.819 1.762
201712 0.377 246.524 0.511
201803 -0.222 249.554 -0.297
201806 -0.984 251.989 -1.304
201809 0.463 252.439 0.613
201812 -0.252 251.233 -0.335
201903 0.090 254.202 0.118
201906 0.292 256.143 0.381
201909 0.071 256.759 0.092
201912 0.330 256.974 0.429
202003 0.200 258.115 0.259
202006 0.380 257.797 0.492
202009 0.495 260.280 0.635
202012 0.620 260.474 0.795
202103 -1.109 264.877 -1.398
202106 0.468 271.696 0.575
202109 0.112 274.310 0.136
202112 1.499 278.802 1.796
202203 0.026 287.504 0.030
202206 -0.869 296.311 -0.979
202209 -2.642 296.808 -2.973
202212 -2.611 296.797 -2.938
202303 -0.700 301.836 -0.774
202306 -1.030 305.109 -1.127
202309 -0.207 307.789 -0.225
202312 -0.273 306.746 -0.297
202403 -0.608 312.332 -0.650
202406 -1.604 314.175 -1.705
202409 0.378 315.301 0.400
202412 0.192 315.605 0.203
202503 -0.063 319.799 -0.066
202506 0.098 322.561 0.101
202509 -0.502 324.800 -0.516
202512 0.615 324.054 0.634
202603 -0.039 330.213 -0.039
202606 -0.247 333.952 -0.247

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

Is A J Plast PCL (BKK:AJ-R) Overvalued in 2026?

Based on GuruFocus' analysis, A J Plast PCL stock appears to be overvalued. The current stock price of ฿3.66 is trading 41.8% above its estimated GF Value™ of ฿2.58. GuruFocus considers A J Plast PCL to be Significantly Overvalued.

Key valuation signals for BKK:AJ-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿2.58 vs. price of ฿3.66 (41.8% above fair value)
  • GF Score™: 44/100 with 8 warning signs

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


A J Plast PCL Business Description

Other Exchanges AJ:Thailand
Address 95 Thakarm Road, Kwaeng Samaedam, Khet Bangkhuntien, Bangkok, THA, 10150
A J Plast PCL manufactures and sells plastic films, both locally and for export to foreign countries, scraps are sold both in local and abroad. Its products include BOPP Film Applications, BOPET Film Applications, BOPA Film Applications, CPP Film Applications, Metallized Film Applications, Earth Care Solutions, and High Performance Solutions. The company operates in one industrial segment that is packaging.
44GF Score

Get the complete analysis for BKK:AJ-R

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

฿3.66
Price
฿2.58
GF Value