Business Online PCL (BKK:BOL-R) Cyclically Adjusted Price-to-FCF: 21.25 (As of Aug. 30, 2026) — 36% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BKK:BOL-R Business Online PCL BKK:BOL-R
85 GF Score
Price ฿5.10
GF Value ฿6.63
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Business Online PCL Cyclically Adjusted Price-to-FCF?

Business Online PCL BKK:BOL-R +2.82% 85 Cyclically Adjusted Price-to-FCF is 21.25 as of Aug. 30, 2026, which is 36% below its 10-year median of 33.18. GuruFocus rates BKK:BOL-R with a GF Score™ of 85/100 and a GF Value™ of ฿6.63 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 392 Business Services companies, Business Online PCL ranks worse than 67.09% on this metric.

As of today (2026-08-30), Business Online PCL's current share price is ฿5.10. Business Online PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.24. Business Online PCL's Cyclically Adjusted Price-to-FCF for today is 21.25.

The historical rank and industry rank for Business Online PCL's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BKK:BOL-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.5   Med: 33.18   Max: 116
Current: 21.44

During the past years, Business Online PCL's highest Cyclically Adjusted Price-to-FCF was 116.00. The lowest was 20.50. And the median was 33.18.

BKK:BOL-R's Cyclically Adjusted Price-to-FCF is ranked worse than
67.09% of 392 companies
in the Business Services industry
Industry Median: 15.445 vs BKK:BOL-R: 21.44

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.

Business Online PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿0.073. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ฿0.24 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Business Online PCL  (BKK:BOL-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.


Business Online PCL Cyclically Adjusted Price-to-FCF Related Terms


Business Online PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Business Online 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.

Business Online PCL Cyclically Adjusted Price-to-FCF Chart

Business Online 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 107.58 60.09 43.27 24.49 22.49

Business Online 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 25.31 22.49 21.43 20.40

BKK:BOL-R vs VRSK, EFX, BAH: Cyclically Adjusted Price-to-FCF Comparison

For the Consulting Services subindustry, Business Online 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.


Business Online PCL Cyclically Adjusted Price-to-FCF vs Business Services Industry

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

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


BKK:BOL-R
85GF Score
Business Online PCL BKK:BOL-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Business Online 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.

Business Online PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.10/0.24
=21.25

* 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.

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

For example, Business Online 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)
=0.073/333.9520*333.9520
=0.073

Current CPI (Jun. 2026) = 333.9520.

Business Online PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.036 241.428 0.050
201612 0.013 241.432 0.018
201703 0.032 243.801 0.044
201706 0.030 244.955 0.041
201709 0.019 246.819 0.026
201712 0.016 246.524 0.022
201803 0.012 249.554 0.016
201806 0.030 251.989 0.040
201809 0.030 252.439 0.040
201812 0.001 251.233 0.001
201903 0.056 254.202 0.074
201906 0.034 256.143 0.044
201909 0.085 256.759 0.111
201912 0.014 256.974 0.018
202003 0.057 258.115 0.074
202006 0.066 257.797 0.085
202009 0.101 260.280 0.130
202012 0.005 260.474 0.006
202103 0.115 264.877 0.145
202106 0.057 271.696 0.070
202109 0.088 274.310 0.107
202112 0.075 278.802 0.090
202203 0.047 287.504 0.055
202206 0.099 296.311 0.112
202209 0.130 296.808 0.146
202212 0.043 296.797 0.048
202303 0.020 301.836 0.022
202306 0.098 305.109 0.107
202309 0.086 307.789 0.093
202312 0.053 306.746 0.058
202403 0.052 312.332 0.056
202406 0.025 314.175 0.027
202409 0.068 315.301 0.072
202412 0.082 315.605 0.087
202503 0.057 319.799 0.060
202506 0.000 322.561 0.000
202509 0.029 324.800 0.030
202512 0.008 324.054 0.008
202603 0.038 330.213 0.038
202606 0.073 333.952 0.073

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.

What does a Cyclically Adjusted Price-to-FCF of 21.25 mean?
Business Online PCL (BKK:BOL-R) has a Cyclically Adjusted Price-to-FCF of 21.25 as of Aug. 30, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Business Online PCL and its competitors. This is 36% below median its historical median of 33.18. Over the past decade, Business Online PCL's Cyclically Adjusted Price-to-FCF has ranged from 20.50 to 116.00. According to the industry distribution chart, Business Online PCL ranks #263 out of 392 companies in the Business Services industry, placing it in the top 67.1%.
Is Business Online PCL's Cyclically Adjusted Price-to-FCF too high?
Business Online PCL's current Cyclically Adjusted Price-to-FCF of 21.25 is 36% below median its 10-year median of 33.18. Over the past 10 years, this metric has ranged from a low of 20.50 to a high of 116.00. The Business Services industry median Cyclically Adjusted Price-to-FCF is 15.45. Business Online PCL's value of 21.25 is 37.6% above this industry median. Based on the distribution chart, Business Online PCL ranks #263 out of 392 companies in the Business Services industry, which is below the industry midpoint. Overall, Business Online PCL has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Business Online PCL's Cyclically Adjusted Price-to-FCF compare to VRSK and EFX?
According to the Business Services industry distribution chart, Business Online PCL ranks #263 out of 392 companies for Cyclically Adjusted Price-to-FCF. This places Business Online PCL in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 15.45. Business Online PCL's value of 21.25 is 37.6% above this benchmark. Historically, Business Online PCL's own Cyclically Adjusted Price-to-FCF has ranged from 20.50 to 116.00 over the past decade. While the company's 10-year median is 33.18 vs. the industry median of 15.45, Business Online PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Price-to-FCF for a Business Services company?
The median Cyclically Adjusted Price-to-FCF among Business Services companies is 15.45, based on 392 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Business Online PCL's current Cyclically Adjusted Price-to-FCF of 21.25 is 37.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Business Online PCL and its competitors. For the Business Services industry, the median Cyclically Adjusted Price-to-FCF is 15.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Business Online PCL's current Cyclically Adjusted Price-to-FCF is 21.25, which is 36% below median its own 10-year median of 33.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Business Online PCL stock overvalued right now?
Based on GuruFocus' analysis, Business Online PCL (BKK:BOL-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿6.63, compared to a current price of ฿5.10 — trading 23.1% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 21.25, which is 36% below median its 10-year median of 33.18 and 37.6% above the Business Services industry median of 15.45. Business Online PCL's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For Business Online PCL (BKK:BOL-R), the current Cyclically Adjusted Price-to-FCF is 21.25 as of Aug. 30, 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 Business Online PCL (BKK:BOL-R) Overvalued in 2026?

Based on GuruFocus' analysis, Business Online PCL stock appears to be undervalued. The current stock price of ฿5.10 is trading 23.1% below its estimated GF Value™ of ฿6.63. GuruFocus considers Business Online PCL to be Modestly Undervalued.

Key valuation signals for BKK:BOL-R:

  • Cyclically Adjusted Price-to-FCF: 21.25 (36% below median its 10-year median of 33.18)
  • GF Value™: ฿6.63 vs. price of ฿5.10 (23.1% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 37.6% above the Business Services median (#263 of 392)

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


Business Online PCL Business Description

Other Exchanges BOL:Thailand
Address Rama 3 Road, No. 1023 MS Siam Tower, Floor 28, Kwang Chong Nonsi, Khet Yannawa, Bangkok, THA, 10120
Business Online PCL is a service provider and developer of local and world-wide financial information systems. It also has an online and offline business information service provider as well as consulting service and database management. The company solution includes Corpus X, Xignal, Matchlink, Dun and Bradstreet, and Debtline.
85GF Score

Get the complete analysis for BKK:BOL-R

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

฿5.10
Price
฿6.63
GF Value