Major Cineplex Group (BKK:MAJOR-R) Cyclically Adjusted Price-to-FCF: 9.33 (As of Aug. 26, 2026) — 65% 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:MAJOR-R Major Cineplex Group PLC BKK:MAJOR-R
63 GF Score
Price ฿7.09
GF Value ฿12.24
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Major Cineplex Group Cyclically Adjusted Price-to-FCF?

Major Cineplex Group BKK:MAJOR-R +0.71% 63 Cyclically Adjusted Price-to-FCF is 9.33 as of Aug. 26, 2026, which is 65% below its 10-year median of 26.36. GuruFocus rates BKK:MAJOR-R with a GF Score™ of 63/100 and a GF Value™ of ฿12.24 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 351 Media - Diversified companies, Major Cineplex Group ranks better than 61.25% on this metric.

As of today (2026-08-26), Major Cineplex Group's current share price is ฿7.09079. Major Cineplex Group's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.76. Major Cineplex Group's Cyclically Adjusted Price-to-FCF for today is 9.33.

The historical rank and industry rank for Major Cineplex Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BKK:MAJOR-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.57   Med: 26.36   Max: 61.36
Current: 9.9

During the past years, Major Cineplex Group's highest Cyclically Adjusted Price-to-FCF was 61.36. The lowest was 8.57. And the median was 26.36.

BKK:MAJOR-R's Cyclically Adjusted Price-to-FCF is ranked better than
61.25% of 351 companies
in the Media - Diversified industry
Industry Median: 14.68 vs BKK:MAJOR-R: 9.90

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.

Major Cineplex Group's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿0.370. 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 ฿0.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Major Cineplex Group  (BKK:MAJOR-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.


Major Cineplex Group Cyclically Adjusted Price-to-FCF Related Terms


Major Cineplex Group Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Major Cineplex Group'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.

Major Cineplex Group Cyclically Adjusted Price-to-FCF Chart

Major Cineplex Group 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 29.37 29.87 19.56 21.45 9.16

Major Cineplex Group 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 13.28 11.82 9.16 9.43 9.56

BKK:MAJOR-R vs NFLX, DIS, WBD: Cyclically Adjusted Price-to-FCF Comparison

For the Entertainment subindustry, Major Cineplex Group'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.


Major Cineplex Group Cyclically Adjusted Price-to-FCF vs Media - Diversified Industry

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

* The bar in red indicates where Major Cineplex Group's Cyclically Adjusted Price-to-FCF falls into.


BKK:MAJOR-R
63GF Score
Major Cineplex Group PLC BKK:MAJOR-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Major Cineplex Group 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.

Major Cineplex Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.09079/0.76
=9.33

* 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.

Major Cineplex Group's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Major Cineplex Group'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)
=0.37/333.9520*333.9520
=0.370

Current CPI (Jun. 2026) = 333.9520.

Major Cineplex Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.369 241.428 -0.510
201612 -0.198 241.432 -0.274
201703 0.299 243.801 0.410
201706 0.845 244.955 1.152
201709 -0.048 246.819 -0.065
201712 -0.068 246.524 -0.092
201803 0.253 249.554 0.339
201806 0.934 251.989 1.238
201809 -0.300 252.439 -0.397
201812 0.978 251.233 1.300
201903 0.360 254.202 0.473
201906 0.755 256.143 0.984
201909 0.162 256.759 0.211
201912 0.737 256.974 0.958
202003 -0.094 258.115 -0.122
202006 -0.067 257.797 -0.087
202009 -0.205 260.280 -0.263
202012 0.235 260.474 0.301
202103 -0.006 264.877 -0.008
202106 -0.627 271.696 -0.771
202109 -0.461 274.310 -0.561
202112 0.253 278.802 0.303
202203 -0.306 287.504 -0.355
202206 -0.517 296.311 -0.583
202209 0.016 296.808 0.018
202212 0.357 296.797 0.402
202303 -0.089 301.836 -0.098
202306 0.493 305.109 0.540
202309 -0.392 307.789 -0.425
202312 1.185 306.746 1.290
202403 -0.110 312.332 -0.118
202406 0.086 314.175 0.091
202409 -0.241 315.301 -0.255
202412 0.700 315.605 0.741
202503 -0.419 319.799 -0.438
202506 0.455 322.561 0.471
202509 0.190 324.800 0.195
202512 0.825 324.054 0.850
202603 0.004 330.213 0.004
202606 0.370 333.952 0.370

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 9.33 mean?
Major Cineplex Group (BKK:MAJOR-R) has a Cyclically Adjusted Price-to-FCF of 9.33 as of Aug. 26, 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 Major Cineplex Group and its competitors. This is 65% below median its historical median of 26.36. Over the past decade, Major Cineplex Group's Cyclically Adjusted Price-to-FCF has ranged from 8.57 to 61.36. According to the industry distribution chart, Major Cineplex Group ranks #136 out of 351 companies in the Media - Diversified industry, placing it in the top 38.7%.
Is Major Cineplex Group's Cyclically Adjusted Price-to-FCF too high?
Major Cineplex Group's current Cyclically Adjusted Price-to-FCF of 9.33 is 65% below median its 10-year median of 26.36. Over the past 10 years, this metric has ranged from a low of 8.57 to a high of 61.36. The Media - Diversified industry median Cyclically Adjusted Price-to-FCF is 14.68. Major Cineplex Group's value of 9.33 is 36.4% below this industry median. Based on the distribution chart, Major Cineplex Group ranks #136 out of 351 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Major Cineplex Group has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Major Cineplex Group's Cyclically Adjusted Price-to-FCF compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Major Cineplex Group ranks #136 out of 351 companies for Cyclically Adjusted Price-to-FCF. This puts Major Cineplex Group in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 14.68. Major Cineplex Group's value of 9.33 is 36.4% below this benchmark. Historically, Major Cineplex Group's own Cyclically Adjusted Price-to-FCF has ranged from 8.57 to 61.36 over the past decade. While the company's 10-year median is 26.36 vs. the industry median of 14.68, Major Cineplex Group 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 Media - Diversified company?
The median Cyclically Adjusted Price-to-FCF among Media - Diversified companies is 14.68, based on 351 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. Major Cineplex Group's current Cyclically Adjusted Price-to-FCF of 9.33 is 36.4% 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 Major Cineplex Group and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted Price-to-FCF is 14.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Cineplex Group's current Cyclically Adjusted Price-to-FCF is 9.33, which is 65% below median its own 10-year median of 26.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Cineplex Group stock overvalued right now?
Based on GuruFocus' analysis, Major Cineplex Group (BKK:MAJOR-R) is currently considered Possible Value Trap. The stock's GF Value™ is ฿12.24, compared to a current price of ฿7.09 — trading 42.1% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 9.33, which is 65% below median its 10-year median of 26.36 and 36.4% below the Media - Diversified industry median of 14.68. Major Cineplex Group's overall GF Score™ is 63/100 with 6 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 Major Cineplex Group (BKK:MAJOR-R), the current Cyclically Adjusted Price-to-FCF is 9.33 as of Aug. 26, 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 Major Cineplex Group (BKK:MAJOR-R) Overvalued in 2026?

Based on GuruFocus' analysis, Major Cineplex Group stock appears to be undervalued. The current stock price of ฿7.09 is trading 42.1% below its estimated GF Value™ of ฿12.24. GuruFocus considers Major Cineplex Group to be Possible Value Trap.

Key valuation signals for BKK:MAJOR-R:

  • Cyclically Adjusted Price-to-FCF: 9.33 (65% below median its 10-year median of 26.36)
  • GF Value™: ฿12.24 vs. price of ฿7.09 (42.1% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 36.4% below the Media - Diversified median (#136 of 351)

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


Major Cineplex Group Business Description

Other Exchanges MAJOR:Thailand
Address 1839, 1839/1-6 Phaholyothin Road, Ladyao, Jatujak, Bangkok, THA, 10900
Major Cineplex Group PLC is a diversified media company predominantly engaged in the operation of cinemas. The company's reportable segments include the Cinema business, Advertising business, Bowling and Karaoke business, Rental and Services business, and Movie content business. The cinema business segment, which generates maximum revenue, owns and manages several chains of movie theaters and brands. The advertising and media business offers on-screen advertising and media solutions. The bowling and karaoke services offer their namesake services in branded outlets. The rental and services business leases real estate space, and the movie content segment funds, produces, and distributes feature film content, as well as content on the home video market.
63GF Score

Get the complete analysis for BKK:MAJOR-R

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

฿7.09
Price
฿12.24
GF Value