Ptt PCL (BKK:PTT-R) Cyclically Adjusted Price-to-FCF: 7.44 (As of Sep. 09, 2026) — Near Median

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BKK:PTT-R Ptt PCL BKK:PTT-R
80 GF Score
Price ฿41.51
GF Value ฿30.72
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Ptt PCL Cyclically Adjusted Price-to-FCF?

Ptt PCL BKK:PTT-R +0.28% 80 Cyclically Adjusted Price-to-FCF is 7.44 as of Sep. 09, 2026, which is 5% below its 10-year median of 7.80. GuruFocus rates BKK:PTT-R with a GF Score™ of 80/100 and a GF Value™ of ฿30.72 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 413 Oil & Gas companies, Ptt PCL ranks better than 80.15% on this metric.

As of today (2026-09-09), Ptt PCL's current share price is ฿41.51118. Ptt PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿5.58. Ptt PCL's Cyclically Adjusted Price-to-FCF for today is 7.44.

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

BKK:PTT-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.9   Med: 7.8   Max: 17.5
Current: 7.22

During the past years, Ptt PCL's highest Cyclically Adjusted Price-to-FCF was 17.50. The lowest was 4.90. And the median was 7.80.

BKK:PTT-R's Cyclically Adjusted Price-to-FCF is ranked better than
80.15% of 413 companies
in the Oil & Gas industry
Industry Median: 17.6 vs BKK:PTT-R: 7.22

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.

Ptt PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿0.032. 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 ฿5.58 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ptt PCL  (BKK:PTT-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.


Ptt PCL Cyclically Adjusted Price-to-FCF Related Terms


Ptt PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Ptt 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.

Ptt PCL Cyclically Adjusted Price-to-FCF Chart

Ptt 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 7.80 6.67 6.36 5.36 5.43

Ptt 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 4.98 5.52 5.43 6.02 6.18

BKK:PTT-R vs XOM, CVX: Cyclically Adjusted Price-to-FCF Comparison

For the Oil & Gas Integrated subindustry, Ptt 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.


Ptt PCL Cyclically Adjusted Price-to-FCF vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ptt PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:PTT-R
80GF Score
Ptt PCL BKK:PTT-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ptt 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=41.51118/5.58
=7.44

* 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.

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

For example, Ptt 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)
=0.032/333.9520*333.9520
=0.032

Current CPI (Jun. 2026) = 333.9520.

Ptt PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.989 241.428 1.368
201612 2.131 241.432 2.948
201703 1.248 243.801 1.709
201706 1.152 244.955 1.571
201709 2.043 246.819 2.764
201712 2.210 246.524 2.994
201803 1.825 249.554 2.442
201806 0.608 251.989 0.806
201809 0.882 252.439 1.167
201812 2.153 251.233 2.862
201903 1.217 254.202 1.599
201906 0.542 256.143 0.707
201909 0.606 256.759 0.788
201912 1.633 256.974 2.122
202003 0.615 258.115 0.796
202006 0.050 257.797 0.065
202009 0.885 260.280 1.135
202012 0.840 260.474 1.077
202103 0.464 264.877 0.585
202106 1.301 271.696 1.599
202109 2.280 274.310 2.776
202112 2.250 278.802 2.695
202203 -2.166 287.504 -2.516
202206 0.203 296.311 0.229
202209 -1.264 296.808 -1.422
202212 3.873 296.797 4.358
202303 1.904 301.836 2.107
202306 2.219 305.109 2.429
202309 1.684 307.789 1.827
202312 1.343 306.746 1.462
202403 1.603 312.332 1.714
202406 1.586 314.175 1.686
202409 1.374 315.301 1.455
202412 2.541 315.605 2.689
202503 1.065 319.799 1.112
202506 0.719 322.561 0.744
202509 1.176 324.800 1.209
202512 1.534 324.054 1.581
202603 0.209 330.213 0.211
202606 0.032 333.952 0.032

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 7.44 mean?
Ptt PCL (BKK:PTT-R) has a Cyclically Adjusted Price-to-FCF of 7.44 as of Sep. 09, 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 Ptt PCL and its competitors. This is near median its historical median of 7.80. Over the past decade, Ptt PCL's Cyclically Adjusted Price-to-FCF has ranged from 4.90 to 17.50. According to the industry distribution chart, Ptt PCL ranks #82 out of 413 companies in the Oil & Gas industry, placing it in the top 19.9%.
Is Ptt PCL's Cyclically Adjusted Price-to-FCF too high?
Ptt PCL's current Cyclically Adjusted Price-to-FCF of 7.44 is near median its 10-year median of 7.80. Over the past 10 years, this metric has ranged from a low of 4.90 to a high of 17.50. The Oil & Gas industry median Cyclically Adjusted Price-to-FCF is 17.60. Ptt PCL's value of 7.44 is 57.7% below this industry median. Based on the distribution chart, Ptt PCL ranks #82 out of 413 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ptt PCL has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ptt PCL's Cyclically Adjusted Price-to-FCF compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Ptt PCL ranks #82 out of 413 companies for Cyclically Adjusted Price-to-FCF. This places Ptt PCL in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted Price-to-FCF is 17.60. Ptt PCL's value of 7.44 is 57.7% below this benchmark. Historically, Ptt PCL's own Cyclically Adjusted Price-to-FCF has ranged from 4.90 to 17.50 over the past decade. While the company's 10-year median is 7.80 vs. the industry median of 17.60, Ptt 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 an Oil & Gas company?
The median Cyclically Adjusted Price-to-FCF among Oil & Gas companies is 17.60, based on 413 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. Ptt PCL's current Cyclically Adjusted Price-to-FCF of 7.44 is 57.7% 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 Ptt PCL and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted Price-to-FCF is 17.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ptt PCL's current Cyclically Adjusted Price-to-FCF is 7.44, which is near median its own 10-year median of 7.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ptt PCL stock overvalued right now?
Based on GuruFocus' analysis, Ptt PCL (BKK:PTT-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿30.72, compared to a current price of ฿41.51 — trading 35.1% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 7.44, which is near median its 10-year median of 7.80 and 57.7% below the Oil & Gas industry median of 17.60. Ptt PCL's overall GF Score™ is 80/100 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 Ptt PCL (BKK:PTT-R), the current Cyclically Adjusted Price-to-FCF is 7.44 as of Sep. 09, 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 Ptt PCL (BKK:PTT-R) Overvalued in 2026?

Based on GuruFocus' analysis, Ptt PCL stock appears to be overvalued. The current stock price of ฿41.51 is trading 35.1% above its estimated GF Value™ of ฿30.72. GuruFocus considers Ptt PCL to be Significantly Overvalued.

Key valuation signals for BKK:PTT-R:

  • Cyclically Adjusted Price-to-FCF: 7.44 (near median its 10-year median of 7.80)
  • GF Value™: ฿30.72 vs. price of ฿41.51 (35.1% above fair value)
  • GF Score™: 80/100 with 8 warning signs
  • Industry Position: 57.7% below the Oil & Gas median (#82 of 413)

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


Ptt PCL Business Description

Industry EnergyOil & Gas
Address 555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok, THA, 10900
Ptt PCL is an integrated national petroleum and petrochemical company based out of Thailand. The Group is organized into business groups based on types of products and services. The segments of the Group are Upstream petroleum and Natural gas business group which is further divided into Petroleum exploration and production business and Natural gas business. Downstream petroleum business group is divided into Oil and retail business; International trading business and Petrochemical and Refining business. New business and sustainability group includes emphasis on decarbonization to achieve the Net Zero Emission.
80GF Score

Get the complete analysis for BKK:PTT-R

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

฿41.51
Price
฿30.72
GF Value