Eastern Star Real Estate PCL (BKK:ESTAR-R) Cyclically Adjusted Price-to-FCF: 6.00 (As of Aug. 30, 2026) — 17% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:ESTAR-R Eastern Star Real Estate PCL BKK:ESTAR-R
45 GF Score
Price ฿0.24
GF Value ฿0.32
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Eastern Star Real Estate PCL Cyclically Adjusted Price-to-FCF?

Eastern Star Real Estate PCL BKK:ESTAR-R 45 Cyclically Adjusted Price-to-FCF is 6.00 as of Aug. 30, 2026, which is 17% below its 10-year median of 7.20. GuruFocus rates BKK:ESTAR-R with a GF Score™ of 45/100 and a GF Value™ of ฿0.32 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 747 Real Estate companies, Eastern Star Real Estate PCL ranks better than 69.21% on this metric.

As of today (2026-08-30), Eastern Star Real Estate PCL's current share price is ฿0.24. Eastern Star Real Estate PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.04. Eastern Star Real Estate PCL's Cyclically Adjusted Price-to-FCF for today is 6.00.

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

BKK:ESTAR-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3   Med: 7.2   Max: 40.5
Current: 6.33

During the past years, Eastern Star Real Estate PCL's highest Cyclically Adjusted Price-to-FCF was 40.50. The lowest was 3.00. And the median was 7.20.

BKK:ESTAR-R's Cyclically Adjusted Price-to-FCF is ranked better than
69.21% of 747 companies
in the Real Estate industry
Industry Median: 12.12 vs BKK:ESTAR-R: 6.33

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.

Eastern Star Real Estate PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿0.017. 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 ฿0.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eastern Star Real Estate PCL  (BKK:ESTAR-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.


Eastern Star Real Estate PCL Cyclically Adjusted Price-to-FCF Related Terms


Eastern Star Real Estate PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Eastern Star Real Estate 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.

Eastern Star Real Estate PCL Cyclically Adjusted Price-to-FCF Chart

Eastern Star Real Estate 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 11.40 5.60 4.87 3.66 3.91

Eastern Star Real Estate 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 2.98 3.26 3.91 5.16 5.28

Eastern Star Real Estate PCL Cyclically Adjusted Price-to-FCF Competitor Comparison

For the Real Estate - Development subindustry, Eastern Star Real Estate 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.


Eastern Star Real Estate PCL Cyclically Adjusted Price-to-FCF vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Eastern Star Real Estate PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Eastern Star Real Estate PCL's Cyclically Adjusted Price-to-FCF falls into.


BKK:ESTAR-R
45GF Score
Eastern Star Real Estate PCL BKK:ESTAR-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eastern Star Real Estate 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.

Eastern Star Real Estate PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.24/0.04
=6.00

* 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.

Eastern Star Real Estate PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Eastern Star Real Estate 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)
=0.017/333.9520*333.9520
=0.017

Current CPI (Jun. 2026) = 333.9520.

Eastern Star Real Estate PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.020 241.428 -0.028
201612 -0.009 241.432 -0.012
201703 0.039 243.801 0.053
201706 0.075 244.955 0.102
201709 0.027 246.819 0.037
201712 -0.049 246.524 -0.066
201803 -0.002 249.554 -0.003
201806 0.006 251.989 0.008
201809 0.089 252.439 0.118
201812 0.038 251.233 0.051
201903 0.030 254.202 0.039
201906 -0.021 256.143 -0.027
201909 0.020 256.759 0.026
201912 0.005 256.974 0.006
202003 -0.047 258.115 -0.061
202006 0.087 257.797 0.113
202009 0.064 260.280 0.082
202012 -0.005 260.474 -0.006
202103 -0.014 264.877 -0.018
202106 -0.008 271.696 -0.010
202109 0.002 274.310 0.002
202112 0.003 278.802 0.004
202203 -0.047 287.504 -0.055
202206 0.051 296.311 0.057
202209 0.047 296.808 0.053
202212 0.023 296.797 0.026
202303 0.006 301.836 0.007
202306 -0.001 305.109 -0.001
202309 -0.070 307.789 -0.076
202312 -0.002 306.746 -0.002
202403 -0.012 312.332 -0.013
202406 -0.066 314.175 -0.070
202409 0.021 315.301 0.022
202412 -0.041 315.605 -0.043
202503 -0.030 319.799 -0.031
202506 -0.010 322.561 -0.010
202509 -0.061 324.800 -0.063
202512 0.151 324.054 0.156
202603 -0.004 330.213 -0.004
202606 0.017 333.952 0.017

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 6.00 mean?
Eastern Star Real Estate PCL (BKK:ESTAR-R) has a Cyclically Adjusted Price-to-FCF of 6.00 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 Eastern Star Real Estate PCL and its competitors. This is 17% below median its historical median of 7.20. Over the past decade, Eastern Star Real Estate PCL's Cyclically Adjusted Price-to-FCF has ranged from 3.00 to 40.50. According to the industry distribution chart, Eastern Star Real Estate PCL ranks #230 out of 747 companies in the Real Estate industry, placing it in the top 30.8%.
Is Eastern Star Real Estate PCL's Cyclically Adjusted Price-to-FCF too high?
Eastern Star Real Estate PCL's current Cyclically Adjusted Price-to-FCF of 6.00 is 17% below median its 10-year median of 7.20. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 40.50. The Real Estate industry median Cyclically Adjusted Price-to-FCF is 12.12. Eastern Star Real Estate PCL's value of 6.00 is 50.5% below this industry median. Based on the distribution chart, Eastern Star Real Estate PCL ranks #230 out of 747 companies in the Real Estate industry, which is above the industry midpoint. Overall, Eastern Star Real Estate PCL has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eastern Star Real Estate PCL's Cyclically Adjusted Price-to-FCF compare to competitors?
According to the Real Estate industry distribution chart, Eastern Star Real Estate PCL ranks #230 out of 747 companies for Cyclically Adjusted Price-to-FCF. This puts Eastern Star Real Estate PCL in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 12.12. Eastern Star Real Estate PCL's value of 6.00 is 50.5% below this benchmark. Historically, Eastern Star Real Estate PCL's own Cyclically Adjusted Price-to-FCF has ranged from 3.00 to 40.50 over the past decade. While the company's 10-year median is 7.20 vs. the industry median of 12.12, Eastern Star Real Estate PCL has consistently been below 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 Real Estate company?
The median Cyclically Adjusted Price-to-FCF among Real Estate companies is 12.12, based on 747 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. Eastern Star Real Estate PCL's current Cyclically Adjusted Price-to-FCF of 6.00 is 50.5% below 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 Eastern Star Real Estate PCL and its competitors. For the Real Estate industry, the median Cyclically Adjusted Price-to-FCF is 12.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eastern Star Real Estate PCL's current Cyclically Adjusted Price-to-FCF is 6.00, which is 17% below median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastern Star Real Estate PCL stock overvalued right now?
Based on GuruFocus' analysis, Eastern Star Real Estate PCL (BKK:ESTAR-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.32, compared to a current price of ฿0.24 — trading 25% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 6.00, which is 17% below median its 10-year median of 7.20 and 50.5% below the Real Estate industry median of 12.12. Eastern Star Real Estate PCL's overall GF Score™ is 45/100 with 8 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 Eastern Star Real Estate PCL (BKK:ESTAR-R), the current Cyclically Adjusted Price-to-FCF is 6.00 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 Eastern Star Real Estate PCL (BKK:ESTAR-R) Overvalued in 2026?

Based on GuruFocus' analysis, Eastern Star Real Estate PCL stock appears to be undervalued. The current stock price of ฿0.24 is trading 25% below its estimated GF Value™ of ฿0.32. GuruFocus considers Eastern Star Real Estate PCL to be Modestly Undervalued.

Key valuation signals for BKK:ESTAR-R:

  • Cyclically Adjusted Price-to-FCF: 6.00 (17% below median its 10-year median of 7.20)
  • GF Value™: ฿0.32 vs. price of ฿0.24 (25% below fair value)
  • GF Score™: 45/100 with 8 warning signs
  • Industry Position: 50.5% below the Real Estate median (#230 of 747)

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


Eastern Star Real Estate PCL Business Description

Other Exchanges ESTAR:Thailand
Address Ploenchit Road, 5th Floor, No.898 Ploenchit Tower Building, Lumpini, Pathumwan, Bangkok, THA, 10330
Eastern Star Real Estate PCL is a company engaged in the real estate development business. It undertakes housing and condominium projects. The group operates in four business segments, namely, the Real estate business, Golf course business, Rental business, and property rental business segment, of which a majority of the revenue is derived from the Real estate business. The company and its subsidiaries operate only in Thailand.
45GF Score

Get the complete analysis for BKK:ESTAR-R

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

฿0.24
Price
฿0.32
GF Value