Capital Engineering Network PCL (BKK:CEN-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 26, 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
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:CEN-R Capital Engineering Network PCL BKK:CEN-R
47 GF Score
Price ฿0.56
GF Value ฿1.29
Valuation Possible Value Trap
! 3 Warning Signs
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What is Capital Engineering Network PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Capital Engineering Network PCL  (BKK:CEN-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.


Capital Engineering Network PCL Cyclically Adjusted Price-to-FCF Related Terms


Capital Engineering Network PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Capital Engineering Network 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.

Capital Engineering Network PCL Cyclically Adjusted Price-to-FCF Chart

Capital Engineering Network PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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Capital Engineering Network 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:CEN-R vs NUE, STLD, RS: Cyclically Adjusted Price-to-FCF Comparison

For the Steel subindustry, Capital Engineering Network 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.


Capital Engineering Network PCL Cyclically Adjusted Price-to-FCF vs Steel Industry

For the Steel industry and Basic Materials sector, Capital Engineering Network PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Capital Engineering Network PCL's Cyclically Adjusted Price-to-FCF falls into.


BKK:CEN-R
47GF Score
Capital Engineering Network PCL BKK:CEN-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Capital Engineering Network 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.

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

For example, Capital Engineering Network 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)
=-0.043/333.9520*333.9520
=-0.043

Current CPI (Jun. 2026) = 333.9520.

Capital Engineering Network PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.390 241.428 -0.539
201612 0.084 241.432 0.116
201703 -0.181 243.801 -0.248
201706 0.144 244.955 0.196
201709 -0.225 246.819 -0.304
201712 -0.151 246.524 -0.205
201803 0.051 249.554 0.068
201806 -0.035 251.989 -0.046
201809 -0.051 252.439 -0.067
201812 0.072 251.233 0.096
201903 0.086 254.202 0.113
201906 -0.094 256.143 -0.123
201909 -0.099 256.759 -0.129
201912 -0.026 256.974 -0.034
202003 0.111 258.115 0.144
202006 0.022 257.797 0.028
202009 -0.771 260.280 -0.989
202012 0.739 260.474 0.947
202103 -0.023 264.877 -0.029
202106 -0.241 271.696 -0.296
202109 -0.182 274.310 -0.222
202112 0.061 278.802 0.073
202203 -0.125 287.504 -0.145
202206 -0.266 296.311 -0.300
202209 -0.167 296.808 -0.188
202212 -0.081 296.797 -0.091
202303 0.025 301.836 0.028
202306 -0.086 305.109 -0.094
202309 0.008 307.789 0.009
202312 0.107 306.746 0.116
202403 -0.040 312.332 -0.043
202406 0.026 314.175 0.028
202409 -0.256 315.301 -0.271
202412 0.037 315.605 0.039
202503 0.062 319.799 0.065
202506 -0.032 322.561 -0.033
202509 0.072 324.800 0.074
202512 -0.020 324.054 -0.021
202603 -0.056 330.213 -0.057
202606 -0.043 333.952 -0.043

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 Capital Engineering Network PCL (BKK:CEN-R) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Engineering Network PCL stock appears to be undervalued. The current stock price of ฿0.56 is trading 56.6% below its estimated GF Value™ of ฿1.29. GuruFocus considers Capital Engineering Network PCL to be Possible Value Trap.

Key valuation signals for BKK:CEN-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿1.29 vs. price of ฿0.56 (56.6% below fair value)
  • GF Score™: 47/100 with 3 warning signs

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


Capital Engineering Network PCL Business Description

Other Exchanges CEN:Thailand
Address Rama 3 Road, 1011, Supalai Grand Tower, 17th Floor, Room No.1703, 1704, Chongnonsi, Yannawa, Bangkok, THA, 10120
Capital Engineering Network PCL is engaged in the production and distribution of engineering construction material, transmission tower and renewable energy, and telecom implementation services. The operating segments of the group are investing in other companies segment, steel wire segment, production and distribution of high voltage transmission tower and telecommunication tower, electricity and thermal energy segment, distribution of goods segment, telecom implementation service segment and clinic service segment. It has a business presence in Thailand and the Philippines, of which a majority of revenue is derived from Thailand and Steel Wire Segment.
47GF Score

Get the complete analysis for BKK:CEN-R

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

฿0.56
Price
฿1.29
GF Value