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Pan Asia Footwear PCLBKK:PAF-R +1.68%48 Cyclically Adjusted Price-to-FCF is 24.75 as of Aug. 29, 2026, which is 49% below its 10-year median of 49.00. GuruFocus rates BKK:PAF-R with a GF Score™ of 48/100 and a GF Value™ of ฿0.86 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 362 Manufacturing - Apparel & Accessories companies, Pan Asia Footwear PCL ranks worse than 60.5% on this metric.
The historical rank and industry rank for Pan Asia Footwear PCL's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
BKK:PAF-R'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18 Med: 49 Max: 157
Current: 19.47
During the past years, Pan Asia Footwear PCL's highest Cyclically Adjusted Price-to-FCF was 157.00. The lowest was 18.00. And the median was 49.00.
BKK:PAF-R's Cyclically Adjusted Price-to-FCF is ranked worse than 60.5% of 362
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 15.035
vs BKK:PAF-R: 19.47
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.
Pan Asia Footwear PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿0.230. 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 ฿0.04 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Pan Asia Footwear PCL (BKK:PAF-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.
Pan Asia Footwear PCL Cyclically Adjusted Price-to-FCF Related Terms
Pan Asia Footwear PCL Cyclically Adjusted Price-to-FCF Historical Data
* Premium members only.
The historical data trend for Pan Asia Footwear 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.
Pan Asia Footwear PCL Cyclically Adjusted Price-to-FCF Chart
BKK:PAF-R vs NKE, DECK, ONON: Cyclically Adjusted Price-to-FCF Comparison
For the Footwear & Accessories subindustry, Pan Asia Footwear 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.
Pan Asia Footwear PCL Cyclically Adjusted Price-to-FCF vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pan Asia Footwear PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Pan Asia Footwear PCL's Cyclically Adjusted Price-to-FCF falls into.
Pan Asia Footwear 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.
* 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 24.75 mean?
Pan Asia Footwear PCL (BKK:PAF-R) has a Cyclically Adjusted Price-to-FCF of 24.75 as of Aug. 29, 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 Pan Asia Footwear PCL and its competitors. This is 49% below median its historical median of 49.00. Over the past decade, Pan Asia Footwear PCL's Cyclically Adjusted Price-to-FCF has ranged from 18.00 to 157.00. According to the industry distribution chart, Pan Asia Footwear PCL ranks #219 out of 362 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 60.5%.
Is Pan Asia Footwear PCL's Cyclically Adjusted Price-to-FCF too high?
Pan Asia Footwear PCL's current Cyclically Adjusted Price-to-FCF of 24.75 is 49% below median its 10-year median of 49.00. Over the past 10 years, this metric has ranged from a low of 18.00 to a high of 157.00. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted Price-to-FCF is 15.04. Pan Asia Footwear PCL's value of 24.75 is 64.6% above this industry median. Based on the distribution chart, Pan Asia Footwear PCL ranks #219 out of 362 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Pan Asia Footwear PCL has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan Asia Footwear PCL's Cyclically Adjusted Price-to-FCF compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Pan Asia Footwear PCL ranks #219 out of 362 companies for Cyclically Adjusted Price-to-FCF. This places Pan Asia Footwear PCL in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 15.04. Pan Asia Footwear PCL's value of 24.75 is 64.6% above this benchmark. Historically, Pan Asia Footwear PCL's own Cyclically Adjusted Price-to-FCF has ranged from 18.00 to 157.00 over the past decade. While the company's 10-year median is 49.00 vs. the industry median of 15.04, Pan Asia Footwear PCL has consistently been above 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted Price-to-FCF among Manufacturing - Apparel & Accessories companies is 15.04, based on 362 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. Pan Asia Footwear PCL's current Cyclically Adjusted Price-to-FCF of 24.75 is 64.6% above 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 Pan Asia Footwear PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted Price-to-FCF is 15.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan Asia Footwear PCL's current Cyclically Adjusted Price-to-FCF is 24.75, which is 49% below median its own 10-year median of 49.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Asia Footwear PCL stock overvalued right now?
Based on GuruFocus' analysis, Pan Asia Footwear PCL (BKK:PAF-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.86, compared to a current price of ฿0.99 — trading 15.1% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 24.75, which is 49% below median its 10-year median of 49.00 and 64.6% above the Manufacturing - Apparel & Accessories industry median of 15.04. Pan Asia Footwear PCL's overall GF Score™ is 48/100 with 8 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 Pan Asia Footwear PCL (BKK:PAF-R), the current Cyclically Adjusted Price-to-FCF is 24.75 as of Aug. 29, 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 Pan Asia Footwear PCL (BKK:PAF-R) Overvalued in 2026?
Based on GuruFocus' analysis, Pan Asia Footwear PCL stock appears to be overvalued.
The current stock price of ฿0.99 is trading 15.1% above its estimated GF Value™ of ฿0.86.
GuruFocus considers Pan Asia Footwear PCL to be Modestly Overvalued.
Key valuation signals for BKK:PAF-R:
Cyclically Adjusted Price-to-FCF: 24.75 (49% below median its 10-year median of 49.00)
GF Value™: ฿0.86 vs. price of ฿0.99 (15.1% above fair value)
Industry Position: 64.6% above the Manufacturing - Apparel & Accessories median (#219 of 362)
No single metric tells the full story. See the BKK:PAF-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan Asia Footwear PCL is engaged in Organic farming business, Manufacture, distribution and export of footwear and Distribution. Its segments include manufacture and distribution of footwear and bag, manufacture of soles and parts for footwear, Production support business, consisting of plastic parts injection, molds manufacture and repair, fabric manufacture and dyeing, and cutting board and eyelet, The organic farming business and others, and Distribution. It derives the majority of the revenue from manufacture and distribution of footwear and bag segment. It operates in geographical segments by selling both in local and oversea.
48GF Score
Get the complete analysis for BKK:PAF-R
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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