Phol Dhanya PCL (BKK:PHOL-R) Cyclically Adjusted Price-to-FCF: 9.31 (As of Aug. 31, 2026) — 44% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BKK:PHOL-R Phol Dhanya PCL BKK:PHOL-R
67 GF Score
Price ฿3.26
GF Value ฿2.68
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Phol Dhanya PCL Cyclically Adjusted Price-to-FCF?

Phol Dhanya PCL BKK:PHOL-R +17.27% 67 Cyclically Adjusted Price-to-FCF is 9.31 as of Aug. 31, 2026, which is 44% below its 10-year median of 16.67. GuruFocus rates BKK:PHOL-R with a GF Score™ of 67/100 and a GF Value™ of ฿2.68 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 394 Business Services companies, Phol Dhanya PCL ranks better than 72.59% on this metric.

As of today (2026-08-31), Phol Dhanya PCL's current share price is ฿3.26. Phol Dhanya PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.35. Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF for today is 9.31.

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

BKK:PHOL-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.95   Med: 16.67   Max: 35.31
Current: 8.34

During the past years, Phol Dhanya PCL's highest Cyclically Adjusted Price-to-FCF was 35.31. The lowest was 7.95. And the median was 16.67.

BKK:PHOL-R's Cyclically Adjusted Price-to-FCF is ranked better than
72.59% of 394 companies
in the Business Services industry
Industry Median: 15.385 vs BKK:PHOL-R: 8.34

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.

Phol Dhanya PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿-0.058. 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 ฿0.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Phol Dhanya PCL  (BKK:PHOL-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.


Phol Dhanya PCL Cyclically Adjusted Price-to-FCF Related Terms


Phol Dhanya PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Phol Dhanya 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.

Phol Dhanya PCL Cyclically Adjusted Price-to-FCF Chart

Phol Dhanya 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 21.18 16.96 15.55 16.57 10.85

Phol Dhanya 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 13.44 12.05 10.85 8.65 7.98

BKK:PHOL-R vs ALLE, MSA, ADT: Cyclically Adjusted Price-to-FCF Comparison

For the Security & Protection Services subindustry, Phol Dhanya 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.


Phol Dhanya PCL Cyclically Adjusted Price-to-FCF vs Business Services Industry

For the Business Services industry and Industrials sector, Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:PHOL-R
67GF Score
Phol Dhanya PCL BKK:PHOL-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Phol Dhanya 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.

Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.26/0.35
=9.31

* 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.

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

For example, Phol Dhanya 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)
=-0.058/333.9520*333.9520
=-0.058

Current CPI (Jun. 2026) = 333.9520.

Phol Dhanya PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.209 241.428 0.289
201612 -0.572 241.432 -0.791
201703 -0.045 243.801 -0.062
201706 0.276 244.955 0.376
201709 0.183 246.819 0.248
201712 0.219 246.524 0.297
201803 0.180 249.554 0.241
201806 0.212 251.989 0.281
201809 0.168 252.439 0.222
201812 0.119 251.233 0.158
201903 0.047 254.202 0.062
201906 0.182 256.143 0.237
201909 0.145 256.759 0.189
201912 0.249 256.974 0.324
202003 0.093 258.115 0.120
202006 0.151 257.797 0.196
202009 -0.085 260.280 -0.109
202012 0.207 260.474 0.265
202103 -0.085 264.877 -0.107
202106 -0.049 271.696 -0.060
202109 0.008 274.310 0.010
202112 0.274 278.802 0.328
202203 -0.111 287.504 -0.129
202206 0.205 296.311 0.231
202209 -0.012 296.808 -0.014
202212 0.036 296.797 0.041
202303 0.150 301.836 0.166
202306 0.160 305.109 0.175
202309 0.044 307.789 0.048
202312 -0.044 306.746 -0.048
202403 0.004 312.332 0.004
202406 0.058 314.175 0.062
202409 0.061 315.301 0.065
202412 0.153 315.605 0.162
202503 -0.007 319.799 -0.007
202506 0.045 322.561 0.047
202509 0.207 324.800 0.213
202512 0.211 324.054 0.217
202603 0.020 330.213 0.020
202606 -0.058 333.952 -0.058

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 9.31 mean?
Phol Dhanya PCL (BKK:PHOL-R) has a Cyclically Adjusted Price-to-FCF of 9.31 as of Aug. 31, 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 Phol Dhanya PCL and its competitors. This is 44% below median its historical median of 16.67. Over the past decade, Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF has ranged from 7.95 to 35.31. According to the industry distribution chart, Phol Dhanya PCL ranks #108 out of 394 companies in the Business Services industry, placing it in the top 27.4%.
Is Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF too high?
Phol Dhanya PCL's current Cyclically Adjusted Price-to-FCF of 9.31 is 44% below median its 10-year median of 16.67. Over the past 10 years, this metric has ranged from a low of 7.95 to a high of 35.31. The Business Services industry median Cyclically Adjusted Price-to-FCF is 15.39. Phol Dhanya PCL's value of 9.31 is 39.5% below this industry median. Based on the distribution chart, Phol Dhanya PCL ranks #108 out of 394 companies in the Business Services industry, which is above the industry midpoint. Overall, Phol Dhanya PCL has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Phol Dhanya PCL's Cyclically Adjusted Price-to-FCF compare to ALLE and MSA?
According to the Business Services industry distribution chart, Phol Dhanya PCL ranks #108 out of 394 companies for Cyclically Adjusted Price-to-FCF. This puts Phol Dhanya PCL in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 15.39. Phol Dhanya PCL's value of 9.31 is 39.5% below this benchmark. Historically, Phol Dhanya PCL's own Cyclically Adjusted Price-to-FCF has ranged from 7.95 to 35.31 over the past decade. While the company's 10-year median is 16.67 vs. the industry median of 15.39, Phol Dhanya 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 Business Services company?
The median Cyclically Adjusted Price-to-FCF among Business Services companies is 15.39, based on 394 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. Phol Dhanya PCL's current Cyclically Adjusted Price-to-FCF of 9.31 is 39.5% 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 Phol Dhanya PCL and its competitors. For the Business Services industry, the median Cyclically Adjusted Price-to-FCF is 15.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phol Dhanya PCL's current Cyclically Adjusted Price-to-FCF is 9.31, which is 44% below median its own 10-year median of 16.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phol Dhanya PCL stock overvalued right now?
Based on GuruFocus' analysis, Phol Dhanya PCL (BKK:PHOL-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.68, compared to a current price of ฿3.26 — trading 21.6% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 9.31, which is 44% below median its 10-year median of 16.67 and 39.5% below the Business Services industry median of 15.39. Phol Dhanya PCL's overall GF Score™ is 67/100 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 Phol Dhanya PCL (BKK:PHOL-R), the current Cyclically Adjusted Price-to-FCF is 9.31 as of Aug. 31, 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 Phol Dhanya PCL (BKK:PHOL-R) Overvalued in 2026?

Based on GuruFocus' analysis, Phol Dhanya PCL stock appears to be overvalued. The current stock price of ฿3.26 is trading 21.6% above its estimated GF Value™ of ฿2.68. GuruFocus considers Phol Dhanya PCL to be Modestly Overvalued.

Key valuation signals for BKK:PHOL-R:

  • Cyclically Adjusted Price-to-FCF: 9.31 (44% below median its 10-year median of 16.67)
  • GF Value™: ฿2.68 vs. price of ฿3.26 (21.6% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 39.5% below the Business Services median (#108 of 394)

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


Phol Dhanya PCL Business Description

Other Exchanges PHOL:Thailand
Address 1/11 Moo 3 Lamlukka Road, Tambol Ladsawai, Amphur Lamlukka, Pathum Thani Province, Pathumthani, THA, 12150
Phol Dhanya PCL is a Thailand-based company engaged in the trading business. It is involved in the distribution of safety, health, and environmental products, and the distribution, production, and servicing of water treatment systems. The operating segments of the group are Trading in Health and Safety Products, Water treatment systems, and Others. It generates the majority of its revenue from the Trading in Health and Safety Products segment. The company offers products like firefighting suits, gas meters, fall protection devices, gloves, dust masks, chemical masks, and other related products. The group operates in Thailand, and internationally of which the majority of the revenue is derived from Thailand.
67GF Score

Get the complete analysis for BKK:PHOL-R

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

฿3.26
Price
฿2.68
GF Value