GMM Grammy PCL (BKK:GRAMMY-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 29, 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.
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:GRAMMY-R GMM Grammy PCL BKK:GRAMMY-R
60 GF Score
Price ฿3.35
GF Value ฿6.48
Valuation Possible Value Trap
! 4 Warning Signs
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What is GMM Grammy PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


GMM Grammy PCL  (BKK:GRAMMY-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.


GMM Grammy PCL Cyclically Adjusted Price-to-FCF Related Terms


GMM Grammy PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for GMM Grammy 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.

GMM Grammy PCL Cyclically Adjusted Price-to-FCF Chart

GMM Grammy PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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GMM Grammy 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:GRAMMY-R vs NFLX, DIS, WBD: Cyclically Adjusted Price-to-FCF Comparison

For the Entertainment subindustry, GMM Grammy 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.


GMM Grammy PCL Cyclically Adjusted Price-to-FCF vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, GMM Grammy PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:GRAMMY-R
60GF Score
GMM Grammy PCL BKK:GRAMMY-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GMM Grammy 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.

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

For example, GMM Grammy 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)
=0.008/333.9520*333.9520
=0.008

Current CPI (Jun. 2026) = 333.9520.

GMM Grammy PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.438 241.428 -0.606
201612 0.058 241.432 0.080
201703 0.155 243.801 0.212
201706 0.041 244.955 0.056
201709 -0.317 246.819 -0.429
201712 -0.024 246.524 -0.033
201803 0.049 249.554 0.066
201806 -0.179 251.989 -0.237
201809 0.128 252.439 0.169
201812 -0.092 251.233 -0.122
201903 0.301 254.202 0.395
201906 0.069 256.143 0.090
201909 -0.005 256.759 -0.007
201912 0.113 256.974 0.147
202003 0.046 258.115 0.060
202006 0.141 257.797 0.183
202009 0.052 260.280 0.067
202012 -0.092 260.474 -0.118
202103 -0.059 264.877 -0.074
202106 0.009 271.696 0.011
202109 0.000 274.310 0.000
202112 -0.105 278.802 -0.126
202203 0.089 287.504 0.103
202206 -0.253 296.311 -0.285
202209 0.034 296.808 0.038
202212 0.227 296.797 0.255
202303 -0.213 301.836 -0.236
202306 -0.025 305.109 -0.027
202309 0.122 307.789 0.132
202312 -0.229 306.746 -0.249
202403 0.206 312.332 0.220
202406 0.187 314.175 0.199
202409 -0.027 315.301 -0.029
202412 -0.038 315.605 -0.040
202503 -0.214 319.799 -0.223
202506 -0.008 322.561 -0.008
202509 -0.056 324.800 -0.058
202512 -0.033 324.054 -0.034
202603 0.013 330.213 0.013
202606 0.008 333.952 0.008

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 GMM Grammy PCL (BKK:GRAMMY-R) Overvalued in 2026?

Based on GuruFocus' analysis, GMM Grammy PCL stock appears to be undervalued. The current stock price of ฿3.35 is trading 48.3% below its estimated GF Value™ of ฿6.48. GuruFocus considers GMM Grammy PCL to be Possible Value Trap.

Key valuation signals for BKK:GRAMMY-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿6.48 vs. price of ฿3.35 (48.3% below fair value)
  • GF Score™: 60/100 with 4 warning signs

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


GMM Grammy PCL Business Description

Other Exchanges GRAMMY:Thailand
Address 50 Sukhumvit 21 Road (Asoke), GMM Grammy Place Tower, Klongtoey Nua, Wattana, Bangkok, THA, 10110
GMM Grammy PCL is engaged in various entertainment businesses, including the music business, satellite television business, Digital TV business, movie business, home shopping business, and co-investment in other businesses. The company has three principal reportable segments, i.e., Music segment comprising music business and showbiz, Media segment comprising digital TV business GMM25, Others segment comprising merchandise and other services business.
60GF Score

Get the complete analysis for BKK:GRAMMY-R

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

฿3.35
Price
฿6.48
GF Value