ASN Broker PCL (BKK:ASN-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
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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:ASN-R ASN Broker PCL BKK:ASN-R
68 GF Score
Price ฿0.68
GF Value ฿1.06
! 8 Warning Signs
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What is ASN Broker PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ASN Broker PCL  (BKK:ASN-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.


ASN Broker PCL Cyclically Adjusted Price-to-FCF Related Terms


ASN Broker PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for ASN Broker 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.

ASN Broker PCL Cyclically Adjusted Price-to-FCF Chart

ASN Broker 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

ASN Broker 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 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:ASN-R vs MRSH, AON, AJG: Cyclically Adjusted Price-to-FCF Comparison

For the Insurance Brokers subindustry, ASN Broker 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.


ASN Broker PCL Cyclically Adjusted Price-to-FCF vs Insurance Industry

For the Insurance industry and Financial Services sector, ASN Broker PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:ASN-R
68GF Score
ASN Broker PCL BKK:ASN-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASN Broker 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.

ASN Broker PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, ASN Broker 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)
=0.097/330.2130*330.2130
=0.097

Current CPI (Mar. 2026) = 330.2130.

ASN Broker PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.026 241.018 0.036
201609 -0.019 241.428 -0.026
201612 0.035 241.432 0.048
201703 0.007 243.801 0.009
201706 -0.011 244.955 -0.015
201709 -0.038 246.819 -0.051
201712 -0.012 246.524 -0.016
201803 -0.019 249.554 -0.025
201806 0.014 251.989 0.018
201809 0.000 252.439 0.000
201812 0.025 251.233 0.033
201903 0.004 254.202 0.005
201906 -0.022 256.143 -0.028
201909 0.030 256.759 0.039
201912 0.132 256.974 0.170
202003 0.039 258.115 0.050
202006 0.036 257.797 0.046
202009 0.332 260.280 0.421
202012 -0.082 260.474 -0.104
202103 -0.147 264.877 -0.183
202106 -0.154 271.696 -0.187
202109 -0.197 274.310 -0.237
202112 -0.049 278.802 -0.058
202203 -0.073 287.504 -0.084
202206 -0.238 296.311 -0.265
202209 -0.167 296.808 -0.186
202212 -0.031 296.797 -0.034
202303 -0.096 301.836 -0.105
202306 -0.036 305.109 -0.039
202309 -0.076 307.789 -0.082
202312 0.025 306.746 0.027
202403 0.075 312.332 0.079
202406 -0.064 314.175 -0.067
202409 -0.043 315.301 -0.045
202412 0.056 315.605 0.059
202503 0.176 319.799 0.182
202506 0.052 322.561 0.053
202509 0.042 324.800 0.043
202512 0.093 324.054 0.095
202603 0.097 330.213 0.097

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 ASN Broker PCL (BKK:ASN-R) Overvalued in 2026?

Based on GuruFocus' analysis, ASN Broker PCL stock appears to be undervalued. The current stock price of ฿0.68 is trading 35.8% below its estimated GF Value™ of ฿1.06.

Key valuation signals for BKK:ASN-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿1.06 vs. price of ฿0.68 (35.8% below fair value)
  • GF Score™: 68/100 with 8 warning signs

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


ASN Broker PCL Business Description

Other Exchanges ASN:Thailand
Address Phaholyothin Road, 388 IBM Tower, 16th Floor, Zone B, Samsennai, Phayathai, Bangkok, THA, 10400
ASN Broker PCL is a Thailand-based company operating as a direct non-life insurance broker, mainly focusing on selling automobile insurance products. It has also expanded into the personal loan, title loan, and hire purchase business under the name ASN Finance. The Group's reportable segments are: Insurance Broker, Peer-to-peer lending platform, and Loan. Maximum revenue is generated from the Insurance Broker segment, which includes non-life insurance brokers and life insurance broker services. The Loan segment includes lending services through title loans and hire purchase. The Group is managed and operates principally in Thailand.
68GF Score

Get the complete analysis for BKK:ASN-R

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

฿0.68
Price
฿1.06
GF Value