NCL International Logistics PCL (BKK:NCL-R) Cyclically Adjusted Price-to-FCF: 8.48 (As of Aug. 28, 2026) — 49% Below Median

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What is NCL International Logistics PCL Cyclically Adjusted Price-to-FCF?

NCL International Logistics PCL BKK:NCL-R Cyclically Adjusted Price-to-FCF is 8.48 as of Aug. 28, 2026, which is 49% below its 10-year median of 16.50. The stock has 4 warning signs investors should review. Among 467 Transportation companies, NCL International Logistics PCL ranks better than 68.09% on this metric.

As of today (2026-08-28), NCL International Logistics PCL's current share price is ฿0.08478. NCL International Logistics PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.01. NCL International Logistics PCL's Cyclically Adjusted Price-to-FCF for today is 8.48.

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

BKK:NCL-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8   Med: 16.5   Max: 25
Current: 9.89

During the past years, NCL International Logistics PCL's highest Cyclically Adjusted Price-to-FCF was 25.00. The lowest was 8.00. And the median was 16.50.

BKK:NCL-R's Cyclically Adjusted Price-to-FCF is ranked better than
68.09% of 467 companies
in the Transportation industry
Industry Median: 16.3 vs BKK:NCL-R: 9.89

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.

NCL International Logistics PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿-0.007. 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 ฿0.01 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NCL International Logistics PCL  (BKK:NCL-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.


NCL International Logistics PCL Cyclically Adjusted Price-to-FCF Related Terms


NCL International Logistics PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for NCL International Logistics 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.

NCL International Logistics PCL Cyclically Adjusted Price-to-FCF Chart

NCL International Logistics 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 0.00 0.00 0.00 0.00 28.69

NCL International Logistics 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 13.39 22.04 28.69 24.61 24.71

BKK:NCL-R vs UPS, FDX, JBHT: Cyclically Adjusted Price-to-FCF Comparison

For the Integrated Freight & Logistics subindustry, NCL International Logistics 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.


NCL International Logistics PCL Cyclically Adjusted Price-to-FCF vs Transportation Industry

For the Transportation industry and Industrials sector, NCL International Logistics PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where NCL International Logistics PCL's Cyclically Adjusted Price-to-FCF falls into.



NCL International Logistics 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.

NCL International Logistics PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.08478/0.01
=8.48

* 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.

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

For example, NCL International Logistics 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)
=-0.007/333.9520*333.9520
=-0.007

Current CPI (Jun. 2026) = 333.9520.

NCL International Logistics PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.041 241.428 0.057
201612 0.013 241.432 0.018
201703 -0.027 243.801 -0.037
201706 0.026 244.955 0.035
201709 0.020 246.819 0.027
201712 0.031 246.524 0.042
201803 -0.012 249.554 -0.016
201806 0.002 251.989 0.003
201809 -0.003 252.439 -0.004
201812 0.037 251.233 0.049
201903 0.014 254.202 0.018
201906 -0.027 256.143 -0.035
201909 0.016 256.759 0.021
201912 0.003 256.974 0.004
202003 -0.018 258.115 -0.023
202006 0.027 257.797 0.035
202009 0.044 260.280 0.056
202012 0.014 260.474 0.018
202103 0.003 264.877 0.004
202106 0.018 271.696 0.022
202109 0.057 274.310 0.069
202112 0.072 278.802 0.086
202203 0.060 287.504 0.070
202206 0.009 296.311 0.010
202209 -0.116 296.808 -0.131
202212 0.027 296.797 0.030
202303 -0.017 301.836 -0.019
202306 0.036 305.109 0.039
202309 -0.034 307.789 -0.037
202312 -0.109 306.746 -0.119
202403 -0.067 312.332 -0.072
202406 -0.011 314.175 -0.012
202409 -0.055 315.301 -0.058
202412 0.000 315.605 0.000
202503 -0.042 319.799 -0.044
202506 0.053 322.561 0.055
202509 -0.027 324.800 -0.028
202512 -0.026 324.054 -0.027
202603 -0.023 330.213 -0.023
202606 -0.007 333.952 -0.007

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 8.48 mean?
NCL International Logistics PCL (BKK:NCL-R) has a Cyclically Adjusted Price-to-FCF of 8.48 as of Aug. 28, 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 NCL International Logistics PCL and its competitors. This is 49% below median its historical median of 16.50. Over the past decade, NCL International Logistics PCL's Cyclically Adjusted Price-to-FCF has ranged from 8.00 to 25.00. According to the industry distribution chart, NCL International Logistics PCL ranks #149 out of 467 companies in the Transportation industry, placing it in the top 31.9%.
Is NCL International Logistics PCL's Cyclically Adjusted Price-to-FCF too high?
NCL International Logistics PCL's current Cyclically Adjusted Price-to-FCF of 8.48 is 49% below median its 10-year median of 16.50. Over the past 10 years, this metric has ranged from a low of 8.00 to a high of 25.00. The Transportation industry median Cyclically Adjusted Price-to-FCF is 16.30. NCL International Logistics PCL's value of 8.48 is 48% below this industry median. Based on the distribution chart, NCL International Logistics PCL ranks #149 out of 467 companies in the Transportation industry, which is above the industry midpoint.
How does NCL International Logistics PCL's Cyclically Adjusted Price-to-FCF compare to UPS and FDX?
According to the Transportation industry distribution chart, NCL International Logistics PCL ranks #149 out of 467 companies for Cyclically Adjusted Price-to-FCF. This puts NCL International Logistics PCL in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 16.30. NCL International Logistics PCL's value of 8.48 is 48% below this benchmark. Historically, NCL International Logistics PCL's own Cyclically Adjusted Price-to-FCF has ranged from 8.00 to 25.00 over the past decade. While the company's 10-year median is 16.50 vs. the industry median of 16.30, NCL International Logistics 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 Transportation company?
The median Cyclically Adjusted Price-to-FCF among Transportation companies is 16.30, based on 467 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. NCL International Logistics PCL's current Cyclically Adjusted Price-to-FCF of 8.48 is 48% 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 NCL International Logistics PCL and its competitors. For the Transportation industry, the median Cyclically Adjusted Price-to-FCF is 16.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCL International Logistics PCL's current Cyclically Adjusted Price-to-FCF is 8.48, which is 49% below median its own 10-year median of 16.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCL International Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, NCL International Logistics PCL (BKK:NCL-R) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.26, compared to a current price of ฿0.08 — trading 67.4% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 8.48, which is 49% below median its 10-year median of 16.50 and 48% below the Transportation industry median of 16.30. 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 NCL International Logistics PCL (BKK:NCL-R), the current Cyclically Adjusted Price-to-FCF is 8.48 as of Aug. 28, 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.

NCL International Logistics PCL Business Description

Other Exchanges NCL:Thailand
Address 56/9-10 Soi Taksin 12/1, Somdejprachaotaksin Road, Bukkalo, Thonburi, Bangkok, THA, 10600
NCL International Logistics PCL is engaged in providing logistics management services, including international freight forwarding, customs broker, inland transportation, multimodal transport operator and all freight-related services for imports and exports. It has four business segments: Non-vessel operating common carrier, Freight forwarder, Land transportation, Services under contracts, with the majority of revenue from Non-vessel operating common carrier.