BT Wealth Industries PCL (BKK:BTW-R) Cyclically Adjusted Price-to-FCF: (As of Sep. 05, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

What is BT Wealth Industries PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


BT Wealth Industries PCL  (BKK:BTW-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.


BT Wealth Industries PCL Cyclically Adjusted Price-to-FCF Related Terms


BT Wealth Industries PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for BT Wealth Industries 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.

BT Wealth Industries PCL Cyclically Adjusted Price-to-FCF Chart

BT Wealth Industries PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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BT Wealth Industries 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:BTW-R vs ATI, CRS, MLI: Cyclically Adjusted Price-to-FCF Comparison

For the Metal Fabrication subindustry, BT Wealth Industries 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.


BT Wealth Industries PCL Cyclically Adjusted Price-to-FCF vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, BT Wealth Industries PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



BT Wealth Industries 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.

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

For example, BT Wealth Industries 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)
=0.015/333.9520*333.9520
=0.015

Current CPI (Jun. 2026) = 333.9520.

BT Wealth Industries PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.066 241.428 -0.091
201612 -0.063 241.432 -0.087
201703 0.049 243.801 0.067
201706 -0.008 244.955 -0.011
201709 -0.001 246.819 -0.001
201712 0.057 246.524 0.077
201803 0.006 249.554 0.008
201806 -0.049 251.989 -0.065
201809 -0.034 252.439 -0.045
201812 -0.108 251.233 -0.144
201903 0.038 254.202 0.050
201906 -0.093 256.143 -0.121
201909 -0.065 256.759 -0.085
201912 -0.100 256.974 -0.130
202003 -0.019 258.115 -0.025
202006 0.110 257.797 0.142
202009 0.015 260.280 0.019
202012 0.074 260.474 0.095
202103 0.005 264.877 0.006
202106 -0.066 271.696 -0.081
202109 -0.068 274.310 -0.083
202112 0.067 278.802 0.080
202203 0.012 287.504 0.014
202206 0.038 296.311 0.043
202209 -0.074 296.808 -0.083
202212 -0.001 296.797 -0.001
202303 0.017 301.836 0.019
202306 -0.038 305.109 -0.042
202309 0.115 307.789 0.125
202312 -0.017 306.746 -0.019
202403 0.011 312.332 0.012
202406 0.038 314.175 0.040
202409 -0.008 315.301 -0.008
202412 -0.020 315.605 -0.021
202503 -0.002 319.799 -0.002
202506 0.001 322.561 0.001
202509 0.005 324.800 0.005
202512 -0.016 324.054 -0.016
202603 -0.003 330.213 -0.003
202606 0.015 333.952 0.015

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.


BT Wealth Industries PCL Business Description

Other Exchanges BTW:Thailand
Address Ramkhamhaeng Road, 593/3 Soi Ramkhamhaeng 39, Thepleela 1, Wangthonglang, Bangkok, THA, 10310
BT Wealth Industries PCL is principally engaged in the rental of assets. The company through its subsidiary is engaged in steel fabrication business for project construction in various heavy industries, such as mining, natural gas and petroleum, and power in both domestic and international sites. The Company provides two types of services, Steel Fabrication and Power Plant EPC Contractor. The steel fabrication products include Modularization and Parts Fabrication. The company operates in single segment, the provision of processing services for steel products and structures used in construction and industrial sectors.