M.K. Real Estate Development PCL (BKK:MK-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
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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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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:MK-R M.K. Real Estate Development PCL BKK:MK-R
11 GF Score
Price ฿2.76
GF Value ฿2.80
! 8 Warning Signs
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What is M.K. Real Estate Development PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


M.K. Real Estate Development PCL  (BKK:MK-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.


M.K. Real Estate Development PCL Cyclically Adjusted Price-to-FCF Related Terms


M.K. Real Estate Development PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for M.K. Real Estate Development 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.

M.K. Real Estate Development PCL Cyclically Adjusted Price-to-FCF Chart

M.K. Real Estate Development PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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M.K. Real Estate Development 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

M.K. Real Estate Development PCL Cyclically Adjusted Price-to-FCF Competitor Comparison

For the Real Estate - Development subindustry, M.K. Real Estate Development 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.


M.K. Real Estate Development PCL Cyclically Adjusted Price-to-FCF vs Real Estate Industry

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

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


BKK:MK-R
11GF Score
M.K. Real Estate Development PCL BKK:MK-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

M.K. Real Estate Development 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.

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

For example, M.K. Real Estate Development 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)
=-0.17/333.9520*333.9520
=-0.170

Current CPI (Jun. 2026) = 333.9520.

M.K. Real Estate Development PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.837 241.428 -1.158
201612 -0.705 241.432 -0.975
201703 0.195 243.801 0.267
201706 0.036 244.955 0.049
201709 -0.124 246.819 -0.168
201712 -0.105 246.524 -0.142
201803 0.282 249.554 0.377
201806 0.477 251.989 0.632
201809 -1.216 252.439 -1.609
201812 -0.456 251.233 -0.606
201903 0.456 254.202 0.599
201906 -0.155 256.143 -0.202
201909 -0.252 256.759 -0.328
201912 0.006 256.974 0.008
202003 -0.199 258.115 -0.257
202006 0.312 257.797 0.404
202009 -0.161 260.280 -0.207
202012 -0.174 260.474 -0.223
202103 -0.191 264.877 -0.241
202106 0.101 271.696 0.124
202109 0.651 274.310 0.793
202112 0.489 278.802 0.586
202203 0.137 287.504 0.159
202206 0.045 296.311 0.051
202209 0.123 296.808 0.138
202212 -0.546 296.797 -0.614
202303 0.297 301.836 0.329
202306 0.996 305.109 1.090
202309 -0.267 307.789 -0.290
202312 0.167 306.746 0.182
202403 -0.023 312.332 -0.025
202406 -0.073 314.175 -0.078
202409 0.055 315.301 0.058
202412 -2.655 315.605 -2.809
202503 -0.369 319.799 -0.385
202506 0.202 322.561 0.209
202509 0.019 324.800 0.020
202512 0.095 324.054 0.098
202603 0.014 330.213 0.014
202606 -0.170 333.952 -0.170

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 M.K. Real Estate Development PCL (BKK:MK-R) Overvalued in 2026?

Based on GuruFocus' analysis, M.K. Real Estate Development PCL stock appears to be undervalued. The current stock price of ฿2.76 is trading 1.6% below its estimated GF Value™ of ฿2.80.

Key valuation signals for BKK:MK-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿2.80 vs. price of ฿2.76 (1.6% below fair value)
  • GF Score™: 11/100 with 8 warning signs

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


M.K. Real Estate Development PCL Business Description

Other Exchanges MK:Thailand
Address No. 345, Surawong Road, 6th - 8th Floor, 345 Surawong Building, Suriyawong Sub-District, Bangrak District, Bangkok, THA, 10500
M.K. Real Estate Development PCL is a Thailand-based real estate developer. The principal activities of the Group are property development for sale including land, land and house, construction for the Company's own projects, land and building rental, and a health and wellness center. The group has four reportable segments: Real estate; Rental warehouse, factory, and others; Property management; Health and wellness center. The majority of revenue is from rental warehouses, factory, and others. The Group is mainly managed and operates principally in Thailand. There are no revenues derived from foreign countries.
11GF Score

Get the complete analysis for BKK:MK-R

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

฿2.76
Price
฿2.80
GF Value