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KCE Electronics PCLBKK:KCE-R 74 Cyclically Adjusted Price-to-FCF is 10.76 as of Aug. 11, 2026, which is 62% below its 10-year median of 28.54. GuruFocus rates BKK:KCE-R with a GF Score™ of 74/100 and a GF Value™ of ฿15.95. The stock has 10 warning signs investors should review. Among 999 Hardware companies, KCE Electronics PCL ranks better than 66.97% on this metric.
The historical rank and industry rank for KCE Electronics PCL's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
BKK:KCE-R'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.2 Med: 28.54 Max: 70.99
Current: 20.52
During the past years, KCE Electronics PCL's highest Cyclically Adjusted Price-to-FCF was 70.99. The lowest was 7.20. And the median was 28.54.
BKK:KCE-R's Cyclically Adjusted Price-to-FCF is ranked better than 66.97% of 999
companies
in the Hardware industry
Industry Median: 34.84
vs BKK:KCE-R: 20.52
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.
KCE Electronics PCL's adjusted free cash flow per share data for the three months ended in Mar. 2026 was ฿0.243. 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 ฿2.23 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
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.
KCE Electronics PCL Cyclically Adjusted Price-to-FCF Related Terms
KCE Electronics PCL Cyclically Adjusted Price-to-FCF Historical Data
* Premium members only.
The historical data trend for KCE Electronics 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.
BKK:KCE-R vs APH, GLW, TEL: Cyclically Adjusted Price-to-FCF Comparison
For the Electronic Components subindustry, KCE Electronics 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.
KCE Electronics PCL Cyclically Adjusted Price-to-FCF vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where KCE Electronics PCL's Cyclically Adjusted Price-to-FCF falls into.
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.
KCE Electronics PCL's Cyclically Adjusted Price-to-FCF for today is calculated as
* 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.
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 10.76 mean?
KCE Electronics PCL (BKK:KCE-R) has a Cyclically Adjusted Price-to-FCF of 10.76 as of Aug. 11, 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 KCE Electronics PCL and its competitors. This is 62% below median its historical median of 28.54. Over the past decade, KCE Electronics PCL's Cyclically Adjusted Price-to-FCF has ranged from 7.20 to 70.99. According to the industry distribution chart, KCE Electronics PCL ranks #330 out of 999 companies in the Hardware industry, placing it in the top 33%.
Is KCE Electronics PCL's Cyclically Adjusted Price-to-FCF too high?
KCE Electronics PCL's current Cyclically Adjusted Price-to-FCF of 10.76 is 62% below median its 10-year median of 28.54. Over the past 10 years, this metric has ranged from a low of 7.20 to a high of 70.99. The Hardware industry median Cyclically Adjusted Price-to-FCF is 34.84. KCE Electronics PCL's value of 10.76 is 69.1% below this industry median. Based on the distribution chart, KCE Electronics PCL ranks #330 out of 999 companies in the Hardware industry, which is above the industry midpoint. Overall, KCE Electronics PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's Cyclically Adjusted Price-to-FCF compare to APH and GLW?
According to the Hardware industry distribution chart, KCE Electronics PCL ranks #330 out of 999 companies for Cyclically Adjusted Price-to-FCF. This puts KCE Electronics PCL in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 34.84. KCE Electronics PCL's value of 10.76 is 69.1% below this benchmark. Historically, KCE Electronics PCL's own Cyclically Adjusted Price-to-FCF has ranged from 7.20 to 70.99 over the past decade. While the company's 10-year median is 28.54 vs. the industry median of 34.84, KCE Electronics 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 Hardware company?
The median Cyclically Adjusted Price-to-FCF among Hardware companies is 34.84, based on 999 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. KCE Electronics PCL's current Cyclically Adjusted Price-to-FCF of 10.76 is 69.1% 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 KCE Electronics PCL and its competitors. For the Hardware industry, the median Cyclically Adjusted Price-to-FCF is 34.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KCE Electronics PCL's current Cyclically Adjusted Price-to-FCF is 10.76, which is 62% below median its own 10-year median of 28.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
KCE Electronics PCL (BKK:KCE-R) has a current Cyclically Adjusted Price-to-FCF of 10.76. The stock's GF Value™ is ฿15.95, compared to a current price of ฿24.00 — trading 50.5% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 10.76, which is 62% below median its 10-year median of 28.54 and 69.1% below the Hardware industry median of 34.84. KCE Electronics PCL's overall GF Score™ is 74/100 with 10 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 KCE Electronics PCL (BKK:KCE-R), the current Cyclically Adjusted Price-to-FCF is 10.76 as of Aug. 11, 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 KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿24.00 is trading 50.5% above its estimated GF Value™ of ฿15.95.
Key valuation signals for BKK:KCE-R:
Cyclically Adjusted Price-to-FCF: 10.76 (62% below median its 10-year median of 28.54)
GF Value™: ฿15.95 vs. price of ฿24.00 (50.5% above fair value)
Industry Position: 69.1% below the Hardware median (#330 of 999)
No single metric tells the full story. See the BKK:KCE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
74GF Score
Get the complete analysis for BKK:KCE-R
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