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Netbay PCLBKK:NETBAY +0.81%83 Cyclically Adjusted Price-to-FCF is 13.30 as of Aug. 27, 2026, which is 41% below its 10-year median of 22.44. GuruFocus rates BKK:NETBAY with a GF Score™ of 83/100 and a GF Value™ of ฿19.21 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 742 Software companies, Netbay PCL ranks better than 72.78% on this metric.
The historical rank and industry rank for Netbay PCL's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
BKK:NETBAY'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.69 Med: 22.44 Max: 27.27
Current: 13.06
During the past years, Netbay PCL's highest Cyclically Adjusted Price-to-FCF was 27.27. The lowest was 9.69. And the median was 22.44.
BKK:NETBAY's Cyclically Adjusted Price-to-FCF is ranked better than 72.78% of 742
companies
in the Software industry
Industry Median: 26.075
vs BKK:NETBAY: 13.06
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.
Netbay PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿-0.079. 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 ฿0.94 for the trailing ten years ended in Jun. 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.
Netbay PCL Cyclically Adjusted Price-to-FCF Related Terms
Netbay PCL Cyclically Adjusted Price-to-FCF Historical Data
* Premium members only.
The historical data trend for Netbay 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:NETBAY vs QH, SHOP, UBER: Cyclically Adjusted Price-to-FCF Comparison
For the Software - Application subindustry, Netbay 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.
Netbay PCL Cyclically Adjusted Price-to-FCF vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Netbay 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.
Netbay 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 13.30 mean?
Netbay PCL (BKK:NETBAY) has a Cyclically Adjusted Price-to-FCF of 13.30 as of Aug. 27, 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 Netbay PCL and its competitors. This is 41% below median its historical median of 22.44. Over the past decade, Netbay PCL's Cyclically Adjusted Price-to-FCF has ranged from 9.69 to 27.27. According to the industry distribution chart, Netbay PCL ranks #202 out of 742 companies in the Software industry, placing it in the top 27.2%.
Is Netbay PCL's Cyclically Adjusted Price-to-FCF too high?
Netbay PCL's current Cyclically Adjusted Price-to-FCF of 13.30 is 41% below median its 10-year median of 22.44. Over the past 10 years, this metric has ranged from a low of 9.69 to a high of 27.27. The Software industry median Cyclically Adjusted Price-to-FCF is 26.08. Netbay PCL's value of 13.30 is 49% below this industry median. Based on the distribution chart, Netbay PCL ranks #202 out of 742 companies in the Software industry, which is above the industry midpoint. Overall, Netbay PCL has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Cyclically Adjusted Price-to-FCF compare to QH and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #202 out of 742 companies for Cyclically Adjusted Price-to-FCF. This puts Netbay PCL in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 26.08. Netbay PCL's value of 13.30 is 49% below this benchmark. Historically, Netbay PCL's own Cyclically Adjusted Price-to-FCF has ranged from 9.69 to 27.27 over the past decade. While the company's 10-year median is 22.44 vs. the industry median of 26.08, Netbay 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 Software company?
The median Cyclically Adjusted Price-to-FCF among Software companies is 26.08, based on 742 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. Netbay PCL's current Cyclically Adjusted Price-to-FCF of 13.30 is 49% 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 Netbay PCL and its competitors. For the Software industry, the median Cyclically Adjusted Price-to-FCF is 26.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Cyclically Adjusted Price-to-FCF is 13.30, which is 41% below median its own 10-year median of 22.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿19.21, compared to a current price of ฿12.50 — trading 34.9% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 13.30, which is 41% below median its 10-year median of 22.44 and 49% below the Software industry median of 26.08. Netbay PCL's overall GF Score™ is 83/100 with 4 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 Netbay PCL (BKK:NETBAY), the current Cyclically Adjusted Price-to-FCF is 13.30 as of Aug. 27, 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿12.50 is trading 34.9% below its estimated GF Value™ of ฿19.21.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
Cyclically Adjusted Price-to-FCF: 13.30 (41% below median its 10-year median of 22.44)
GF Value™: ฿19.21 vs. price of ฿12.50 (34.9% below fair value)
Industry Position: 49% below the Software median (#202 of 742)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
83GF Score
Get the complete analysis for BKK:NETBAY
Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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