Nonthavej Hospital PCL (BKK:NTV-R) Cyclically Adjusted Price-to-FCF: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:NTV-R Nonthavej Hospital PCL BKK:NTV-R
72 GF Score
Price ฿19.20
GF Value ฿31.62
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Nonthavej Hospital PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nonthavej Hospital PCL  (BKK:NTV-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.


Nonthavej Hospital PCL Cyclically Adjusted Price-to-FCF Related Terms


Nonthavej Hospital PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Nonthavej Hospital 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.

Nonthavej Hospital PCL Cyclically Adjusted Price-to-FCF Chart

Nonthavej Hospital 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 21.23 20.22 14.77 12.08 9.58

Nonthavej Hospital 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 25.88 24.83 22.33 19.71 16.68

BKK:NTV-R vs HCA, THC, EHC: Cyclically Adjusted Price-to-FCF Comparison

For the Medical Care Facilities subindustry, Nonthavej Hospital 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.


Nonthavej Hospital PCL Cyclically Adjusted Price-to-FCF vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nonthavej Hospital PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:NTV-R
72GF Score
Nonthavej Hospital PCL BKK:NTV-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nonthavej Hospital 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.

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

For example, Nonthavej Hospital 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)
=0.134/333.9520*333.9520
=0.134

Current CPI (Jun. 2026) = 333.9520.

Nonthavej Hospital PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.021 241.428 0.029
201612 0.000 241.432 0.000
201703 -0.001 243.801 -0.001
201706 0.033 244.955 0.045
201709 0.024 246.819 0.032
201712 0.007 246.524 0.009
201803 0.029 249.554 0.039
201806 0.017 251.989 0.023
201809 0.024 252.439 0.032
201812 0.023 251.233 0.031
201903 0.027 254.202 0.035
201906 0.014 256.143 0.018
201909 0.036 256.759 0.047
201912 0.025 256.974 0.032
202003 0.015 258.115 0.019
202006 -0.009 257.797 -0.012
202009 0.020 260.280 0.026
202012 0.007 260.474 0.009
202103 0.014 264.877 0.018
202106 0.453 271.696 0.557
202109 -0.097 274.310 -0.118
202112 0.327 278.802 0.392
202203 0.217 287.504 0.252
202206 0.513 296.311 0.578
202209 0.786 296.808 0.884
202212 0.855 296.797 0.962
202303 0.880 301.836 0.974
202306 0.647 305.109 0.708
202309 0.414 307.789 0.449
202312 0.613 306.746 0.667
202403 0.645 312.332 0.690
202406 0.213 314.175 0.226
202409 0.857 315.301 0.908
202412 0.516 315.605 0.546
202503 0.442 319.799 0.462
202506 0.150 322.561 0.155
202509 0.316 324.800 0.325
202512 0.358 324.054 0.369
202603 0.486 330.213 0.492
202606 0.134 333.952 0.134

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 Nonthavej Hospital PCL (BKK:NTV-R) Overvalued in 2026?

Based on GuruFocus' analysis, Nonthavej Hospital PCL stock appears to be undervalued. The current stock price of ฿19.20 is trading 39.3% below its estimated GF Value™ of ฿31.62. GuruFocus considers Nonthavej Hospital PCL to be Significantly Undervalued.

Key valuation signals for BKK:NTV-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿31.62 vs. price of ฿19.20 (39.3% below fair value)
  • GF Score™: 72/100 with 2 warning signs

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


Nonthavej Hospital PCL Business Description

Other Exchanges NTV:Thailand
Address 432, Ngamvongwan Road, Bang Khen Subdistrict, Mueang Nonthaburi, Nonthaburi, THA, 11000
Nonthavej Hospital PCL is engaged in the business of medical treatment in Thailand. It provides medical services by specialist physicians in all fields, supported by an experienced medical team. Its facilities include diagnostic and treatment equipment, a wellness center, a mobile digital X-ray unit for on-site and off-site health assessments, and ambulance services for patient transportation. The majority of the company's revenue is derived from hospital operations, which mainly consist of medical fees, hospital room sales, and medicine sales.
72GF Score

Get the complete analysis for BKK:NTV-R

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

฿19.20
Price
฿31.62
GF Value