Bangkok Aviation Fuel Services PCL (BKK:BAFS-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 29, 2026)

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Director of Data and Quant Analytics at GuruFocus
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BKK:BAFS-R Bangkok Aviation Fuel Services PCL BKK:BAFS-R
72 GF Score
Price ฿10.60
GF Value ฿11.31
! 9 Warning Signs
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What is Bangkok Aviation Fuel Services PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bangkok Aviation Fuel Services PCL  (BKK:BAFS-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.


Bangkok Aviation Fuel Services PCL Cyclically Adjusted Price-to-FCF Related Terms


Bangkok Aviation Fuel Services PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Bangkok Aviation Fuel Services 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.

Bangkok Aviation Fuel Services PCL Cyclically Adjusted Price-to-FCF Chart

Bangkok Aviation Fuel Services 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 233.17 0.00 0.00 0.00 0.00

Bangkok Aviation Fuel Services 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:BAFS-R vs JOBY, CAAP: Cyclically Adjusted Price-to-FCF Comparison

For the Airports & Air Services subindustry, Bangkok Aviation Fuel Services 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.


Bangkok Aviation Fuel Services PCL Cyclically Adjusted Price-to-FCF vs Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Aviation Fuel Services PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bangkok Aviation Fuel Services PCL's Cyclically Adjusted Price-to-FCF falls into.


BKK:BAFS-R
72GF Score
Bangkok Aviation Fuel Services PCL BKK:BAFS-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bangkok Aviation Fuel Services 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.

Bangkok Aviation Fuel Services PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bangkok Aviation Fuel Services 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)
=0.345/333.9520*333.9520
=0.345

Current CPI (Jun. 2026) = 333.9520.

Bangkok Aviation Fuel Services PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.129 241.428 0.178
201612 -0.691 241.432 -0.956
201703 -0.486 243.801 -0.666
201706 -0.647 244.955 -0.882
201709 -0.235 246.819 -0.318
201712 -0.255 246.524 -0.345
201803 -0.761 249.554 -1.018
201806 -0.838 251.989 -1.111
201809 -1.198 252.439 -1.585
201812 -0.867 251.233 -1.152
201903 -0.150 254.202 -0.197
201906 -0.083 256.143 -0.108
201909 0.314 256.759 0.408
201912 -0.073 256.974 -0.095
202003 -0.433 258.115 -0.560
202006 -0.702 257.797 -0.909
202009 -0.696 260.280 -0.893
202012 -0.410 260.474 -0.526
202103 -0.233 264.877 -0.294
202106 -0.253 271.696 -0.311
202109 -0.304 274.310 -0.370
202112 2.585 278.802 3.096
202203 -0.184 287.504 -0.214
202206 0.107 296.311 0.121
202209 0.375 296.808 0.422
202212 0.173 296.797 0.195
202303 0.376 301.836 0.416
202306 0.433 305.109 0.474
202309 0.392 307.789 0.425
202312 0.165 306.746 0.180
202403 0.311 312.332 0.333
202406 0.368 314.175 0.391
202409 0.595 315.301 0.630
202412 0.301 315.605 0.318
202503 0.484 319.799 0.505
202506 0.450 322.561 0.466
202509 0.324 324.800 0.333
202512 0.115 324.054 0.119
202603 0.286 330.213 0.289
202606 0.345 333.952 0.345

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 Bangkok Aviation Fuel Services PCL (BKK:BAFS-R) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL stock appears to be undervalued. The current stock price of ฿10.60 is trading 6.3% below its estimated GF Value™ of ฿11.31.

Key valuation signals for BKK:BAFS-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿11.31 vs. price of ฿10.60 (6.3% below fair value)
  • GF Score™: 72/100 with 9 warning signs

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


Bangkok Aviation Fuel Services PCL Business Description

Other Exchanges BAFS:Thailand
Address 171/2 Kamphang Phet 6 Road, Don Mueang, Khet Don Mueang, Bangkok, THA, 10210
Bangkok Aviation Fuel Services PCL provides fuel services and storage for multiple airports in Thailand. The company has three operating segments: The aviation segment, the Utility and Power segment, and the business solution segment. The aviation segment provides in-plane service, manufacture, and assembly of hydrant dispensers. The utilities and power segment provides fuel pipeline transportation services, as well as the generation and distribution of electricity from solar power to the government. The business solution segment involves the development, design, manufacture, and sales of innovation and digital products, including the provision of other services. The majority of its revenue is generated from the Aviation segment.
72GF Score

Get the complete analysis for BKK:BAFS-R

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

฿10.60
Price
฿11.31
GF Value