QTC Energy PCL (BKK:QTC-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:QTC-R QTC Energy PCL BKK:QTC-R
80 GF Score
Price ฿5.30
GF Value ฿5.56
! 11 Warning Signs
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What is QTC Energy PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


QTC Energy PCL  (BKK:QTC-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.


QTC Energy PCL Cyclically Adjusted Price-to-FCF Related Terms


QTC Energy PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for QTC Energy 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.

QTC Energy PCL Cyclically Adjusted Price-to-FCF Chart

QTC Energy 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 18.75 13.94 19.29 23.41 33.47

QTC Energy 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 24.08 24.05 33.47 40.57 0.00

BKK:QTC-R vs VRT, BE: Cyclically Adjusted Price-to-FCF Comparison

For the Electrical Equipment & Parts subindustry, QTC Energy 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.


QTC Energy PCL Cyclically Adjusted Price-to-FCF vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, QTC Energy PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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

QTC Energy 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.

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

For example, QTC Energy 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)
=-0.149/333.9520*333.9520
=-0.149

Current CPI (Jun. 2026) = 333.9520.

QTC Energy PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.084 241.428 -0.116
201612 -0.472 241.432 -0.653
201703 -0.266 243.801 -0.364
201706 -0.061 244.955 -0.083
201709 -0.178 246.819 -0.241
201712 0.142 246.524 0.192
201803 0.262 249.554 0.351
201806 -0.112 251.989 -0.148
201809 -0.058 252.439 -0.077
201812 0.185 251.233 0.246
201903 -0.136 254.202 -0.179
201906 0.320 256.143 0.417
201909 0.291 256.759 0.378
201912 0.311 256.974 0.404
202003 0.096 258.115 0.124
202006 0.248 257.797 0.321
202009 0.189 260.280 0.242
202012 0.389 260.474 0.499
202103 0.016 264.877 0.020
202106 -0.122 271.696 -0.150
202109 -0.079 274.310 -0.096
202112 0.188 278.802 0.225
202203 -0.091 287.504 -0.106
202206 0.089 296.311 0.100
202209 -0.132 296.808 -0.149
202212 0.162 296.797 0.182
202303 -0.058 301.836 -0.064
202306 0.064 305.109 0.070
202309 -0.092 307.789 -0.100
202312 0.305 306.746 0.332
202403 -0.120 312.332 -0.128
202406 -0.085 314.175 -0.090
202409 -0.250 315.301 -0.265
202412 0.340 315.605 0.360
202503 -0.119 319.799 -0.124
202506 -0.588 322.561 -0.609
202509 -0.663 324.800 -0.682
202512 0.269 324.054 0.277
202603 -0.451 330.213 -0.456
202606 -0.149 333.952 -0.149

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 QTC Energy PCL (BKK:QTC-R) Overvalued in 2026?

Based on GuruFocus' analysis, QTC Energy PCL stock appears to be undervalued. The current stock price of ฿5.30 is trading 4.7% below its estimated GF Value™ of ฿5.56.

Key valuation signals for BKK:QTC-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿5.56 vs. price of ฿5.30 (4.7% below fair value)
  • GF Score™: 80/100 with 11 warning signs

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


QTC Energy PCL Business Description

Other Exchanges QTC:Thailand
Address Krungthep Kritha Road, 2/2 Soi Krungthep Kritha 8(5), Huamark, Bangkapi, Bangkok, THA, 10240
QTC Energy PCL is engaged in the business of manufacturing and distributing custom-made transformers and provides various types of services for customers. The company has four segment Manufacturing and sale of electric transformer segment, Sale of electric equipment segment, Generation and sale of electricity segment, Other segments are electric vehicle charging station, construction service and contractor for electrical equipment installation.
80GF Score

Get the complete analysis for BKK:QTC-R

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

฿5.30
Price
฿5.56
GF Value