Beyond Securities PCL (BKK:BYD-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 16, 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.
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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:BYD-R Beyond Securities PCL BKK:BYD-R
59 GF Score
Price ฿4.33
GF Value ฿13.10
! 4 Warning Signs
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What is Beyond Securities PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Beyond Securities PCL  (BKK:BYD-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.


Beyond Securities PCL Cyclically Adjusted Price-to-FCF Related Terms


Beyond Securities PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Beyond Securities 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.

Beyond Securities PCL Cyclically Adjusted Price-to-FCF Chart

Beyond Securities 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

Beyond Securities 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 45.29 11.59 0.00 0.00 0.00

BKK:BYD-R vs MS, GS, SCHW: Cyclically Adjusted Price-to-FCF Comparison

For the Capital Markets subindustry, Beyond Securities 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.


Beyond Securities PCL Cyclically Adjusted Price-to-FCF vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Beyond Securities PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:BYD-R
59GF Score
Beyond Securities PCL BKK:BYD-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beyond Securities 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.

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

For example, Beyond Securities 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)
=0.054/330.2130*330.2130
=0.054

Current CPI (Mar. 2026) = 330.2130.

Beyond Securities PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.163 241.018 0.223
201609 -0.078 241.428 -0.107
201612 0.004 241.432 0.005
201703 0.203 243.801 0.275
201706 0.023 244.955 0.031
201709 0.006 246.819 0.008
201712 0.159 246.524 0.213
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 0.005 254.202 0.006
201906 0.014 256.143 0.018
201909 -0.018 256.759 -0.023
201912 0.007 256.974 0.009
202003 -0.005 258.115 -0.006
202006 -0.161 257.797 -0.206
202009 -0.340 260.280 -0.431
202012 0.007 260.474 0.009
202103 0.011 264.877 0.014
202106 -0.078 271.696 -0.095
202109 -0.434 274.310 -0.522
202112 0.116 278.802 0.137
202203 -0.003 287.504 -0.003
202206 0.045 296.311 0.050
202209 -0.035 296.808 -0.039
202212 -0.028 296.797 -0.031
202303 -0.062 301.836 -0.068
202306 -0.014 305.109 -0.015
202309 -0.087 307.789 -0.093
202312 0.039 306.746 0.042
202403 -0.039 312.332 -0.041
202406 -0.043 314.175 -0.045
202409 0.015 315.301 0.016
202412 0.053 315.605 0.055
202503 -0.009 319.799 -0.009
202506 0.034 322.561 0.035
202509 -0.037 324.800 -0.038
202512 -0.006 324.054 -0.006
202603 0.054 330.213 0.054

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 Beyond Securities PCL (BKK:BYD-R) Overvalued in 2026?

Based on GuruFocus' analysis, Beyond Securities PCL stock appears to be undervalued. The current stock price of ฿4.33 is trading 66.9% below its estimated GF Value™ of ฿13.10.

Key valuation signals for BKK:BYD-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿13.10 vs. price of ฿4.33 (66.9% below fair value)
  • GF Score™: 59/100 with 4 warning signs

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


Beyond Securities PCL Business Description

Other Exchanges BYD:Thailand
Address Phloen Chit Road, No.548, 56th Floor, One City Centre Building, Lumphini, Pathum Wan, Bangkok, THA, 10330
Beyond Securities PCL is engaged in the securities business. It offers services such as securities brokerage, securities trading, securities underwriting, investment advisory service, derivatives brokerage, securities borrowing, and lending and private fund management. The Company has two reportable segments which comprise the Securities and Derivative business segment, which provides brokerage and derivative brokerage services, including the investment banking segment, and the Investment business segment, which provides services related to the management of the investment in securities. The majority of the revenue for the company is generated from its Securities and Derivative business segment. The Company generates totally operating revenue in Thailand.
59GF Score

Get the complete analysis for BKK:BYD-R

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

฿4.33
Price
฿13.10
GF Value