Metro Systems PCL (BKK:MSC-R) Cyclically Adjusted Price-to-FCF: 9.39 (As of Sep. 11, 2026) — 35% Below Median

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BKK:MSC-R Metro Systems Corp PCL BKK:MSC-R
62 GF Score
Price ฿7.70
GF Value ฿10.28
! 5 Warning Signs
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What is Metro Systems PCL Cyclically Adjusted Price-to-FCF?

Metro Systems PCL BKK:MSC-R 62 Cyclically Adjusted Price-to-FCF is 9.39 as of Sep. 11, 2026, which is 35% below its 10-year median of 14.36. GuruFocus rates BKK:MSC-R with a GF Score™ of 62/100 and a GF Value™ of ฿10.28. The stock has 5 warning signs investors should review. Among 979 Hardware companies, Metro Systems PCL ranks better than 88.66% on this metric.

As of today (2026-09-11), Metro Systems PCL's current share price is ฿7.70. Metro Systems PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.82. Metro Systems PCL's Cyclically Adjusted Price-to-FCF for today is 9.39.

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

BKK:MSC-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.85   Med: 14.36   Max: 47.14
Current: 8.89

During the past years, Metro Systems PCL's highest Cyclically Adjusted Price-to-FCF was 47.14. The lowest was 7.85. And the median was 14.36.

BKK:MSC-R's Cyclically Adjusted Price-to-FCF is ranked better than
88.66% of 979 companies
in the Hardware industry
Industry Median: 34.18 vs BKK:MSC-R: 8.89

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.

Metro Systems PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿-0.623. 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 ฿0.82 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metro Systems PCL  (BKK:MSC-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.


Metro Systems PCL Cyclically Adjusted Price-to-FCF Related Terms


Metro Systems PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Metro Systems 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.

Metro Systems PCL Cyclically Adjusted Price-to-FCF Chart

Metro Systems 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 13.99 25.10 14.37 14.53 9.89

Metro Systems 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 10.70 11.63 9.89 9.23 9.34

BKK:MSC-R vs SNX, ARW, AVT: Cyclically Adjusted Price-to-FCF Comparison

For the Electronics & Computer Distribution subindustry, Metro Systems 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.


Metro Systems PCL Cyclically Adjusted Price-to-FCF vs Hardware Industry

For the Hardware industry and Technology sector, Metro Systems PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:MSC-R
62GF Score
Metro Systems Corp PCL BKK:MSC-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metro Systems 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.

Metro Systems PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.70/0.82
=9.39

* 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.

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

For example, Metro Systems 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)
=-0.623/333.9520*333.9520
=-0.623

Current CPI (Jun. 2026) = 333.9520.

Metro Systems PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.209 241.428 -0.289
201612 0.720 241.432 0.996
201703 -0.861 243.801 -1.179
201706 -0.261 244.955 -0.356
201709 0.255 246.819 0.345
201712 0.704 246.524 0.954
201803 -1.316 249.554 -1.761
201806 -0.185 251.989 -0.245
201809 0.510 252.439 0.675
201812 0.019 251.233 0.025
201903 0.229 254.202 0.301
201906 0.771 256.143 1.005
201909 0.365 256.759 0.475
201912 0.195 256.974 0.253
202003 0.680 258.115 0.880
202006 -0.176 257.797 -0.228
202009 0.163 260.280 0.209
202012 0.345 260.474 0.442
202103 0.694 264.877 0.875
202106 -0.806 271.696 -0.991
202109 0.432 274.310 0.526
202112 -0.080 278.802 -0.096
202203 1.011 287.504 1.174
202206 -0.565 296.311 -0.637
202209 -1.426 296.808 -1.604
202212 -0.027 296.797 -0.030
202303 1.959 301.836 2.167
202306 -0.401 305.109 -0.439
202309 0.454 307.789 0.493
202312 -0.051 306.746 -0.056
202403 0.559 312.332 0.598
202406 -0.295 314.175 -0.314
202409 0.521 315.301 0.552
202412 -1.077 315.605 -1.140
202503 1.756 319.799 1.834
202506 -0.035 322.561 -0.036
202509 -0.499 324.800 -0.513
202512 1.424 324.054 1.467
202603 -0.054 330.213 -0.055
202606 -0.623 333.952 -0.623

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 9.39 mean?
Metro Systems PCL (BKK:MSC-R) has a Cyclically Adjusted Price-to-FCF of 9.39 as of Sep. 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 Metro Systems PCL and its competitors. This is 35% below median its historical median of 14.36. Over the past decade, Metro Systems PCL's Cyclically Adjusted Price-to-FCF has ranged from 7.85 to 47.14. According to the industry distribution chart, Metro Systems PCL ranks #111 out of 979 companies in the Hardware industry, placing it in the top 11.3%.
Is Metro Systems PCL's Cyclically Adjusted Price-to-FCF too high?
Metro Systems PCL's current Cyclically Adjusted Price-to-FCF of 9.39 is 35% below median its 10-year median of 14.36. Over the past 10 years, this metric has ranged from a low of 7.85 to a high of 47.14. The Hardware industry median Cyclically Adjusted Price-to-FCF is 34.18. Metro Systems PCL's value of 9.39 is 72.5% below this industry median. Based on the distribution chart, Metro Systems PCL ranks #111 out of 979 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Metro Systems PCL has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Metro Systems PCL's Cyclically Adjusted Price-to-FCF compare to SNX and ARW?
According to the Hardware industry distribution chart, Metro Systems PCL ranks #111 out of 979 companies for Cyclically Adjusted Price-to-FCF. This places Metro Systems PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted Price-to-FCF is 34.18. Metro Systems PCL's value of 9.39 is 72.5% below this benchmark. Historically, Metro Systems PCL's own Cyclically Adjusted Price-to-FCF has ranged from 7.85 to 47.14 over the past decade. While the company's 10-year median is 14.36 vs. the industry median of 34.18, Metro Systems 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 34.18, based on 979 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. Metro Systems PCL's current Cyclically Adjusted Price-to-FCF of 9.39 is 72.5% 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 Metro Systems PCL and its competitors. For the Hardware industry, the median Cyclically Adjusted Price-to-FCF is 34.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro Systems PCL's current Cyclically Adjusted Price-to-FCF is 9.39, which is 35% below median its own 10-year median of 14.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Systems PCL stock overvalued right now?
Metro Systems PCL (BKK:MSC-R) has a current Cyclically Adjusted Price-to-FCF of 9.39. The stock's GF Value™ is ฿10.28, compared to a current price of ฿7.70 — trading 25.1% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 9.39, which is 35% below median its 10-year median of 14.36 and 72.5% below the Hardware industry median of 34.18. Metro Systems PCL's overall GF Score™ is 62/100 with 5 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 Metro Systems PCL (BKK:MSC-R), the current Cyclically Adjusted Price-to-FCF is 9.39 as of Sep. 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 Metro Systems PCL (BKK:MSC-R) Overvalued in 2026?

Based on GuruFocus' analysis, Metro Systems PCL stock appears to be undervalued. The current stock price of ฿7.70 is trading 25.1% below its estimated GF Value™ of ฿10.28.

Key valuation signals for BKK:MSC-R:

  • Cyclically Adjusted Price-to-FCF: 9.39 (35% below median its 10-year median of 14.36)
  • GF Value™: ฿10.28 vs. price of ฿7.70 (25.1% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 72.5% below the Hardware median (#111 of 979)

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


Metro Systems PCL Business Description

Other Exchanges MSC:Thailand
Address 400 Chalermprakiat Rama IX Road, Nong Bon Subdistrict, Prawet District, Bangkok, THA, 10250
Metro Systems Corp PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in trading computers and equipment, software, supplies, office equipment, and related services. It operates in four segments namely Sales computers and equipment, Sales and installation software, Sales supplies and office equipment, and Rental and other services. It derives key revenue from the Sales and installation software. Some of its product includes Systems and servers, Supplies and peripherals, E-Business Solution, Software, and Services.
62GF Score

Get the complete analysis for BKK:MSC-R

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

฿7.70
Price
฿10.28
GF Value