Rajthanee Hospital PCL (BKK:RJH-R) Cyclically Adjusted Price-to-FCF: 17.63 (As of Sep. 11, 2026) — 23% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:RJH-R Rajthanee Hospital PCL BKK:RJH-R
84 GF Score
Price ฿14.99
GF Value ฿17.25
Valuation Modestly Undervalued
! 10 Warning Signs
View Full Analysis

What is Rajthanee Hospital PCL Cyclically Adjusted Price-to-FCF?

Rajthanee Hospital PCL BKK:RJH-R -1.11% 84 Cyclically Adjusted Price-to-FCF is 17.63 as of Sep. 11, 2026, which is 23% above its 10-year median of 14.29. GuruFocus rates BKK:RJH-R with a GF Score™ of 84/100 and a GF Value™ of ฿17.25 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 208 Healthcare Providers & Services companies, Rajthanee Hospital PCL ranks better than 54.33% on this metric.

As of today (2026-09-11), Rajthanee Hospital PCL's current share price is ฿14.98889. Rajthanee Hospital PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.85. Rajthanee Hospital PCL's Cyclically Adjusted Price-to-FCF for today is 17.63.

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

BKK:RJH-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.42   Med: 14.29   Max: 17.16
Current: 16.19

During the past years, Rajthanee Hospital PCL's highest Cyclically Adjusted Price-to-FCF was 17.16. The lowest was 12.42. And the median was 14.29.

BKK:RJH-R's Cyclically Adjusted Price-to-FCF is ranked better than
54.33% of 208 companies
in the Healthcare Providers & Services industry
Industry Median: 18.335 vs BKK:RJH-R: 16.19

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.

Rajthanee Hospital PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿0.126. 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 ฿0.85 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rajthanee Hospital PCL  (BKK:RJH-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.


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


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

* Premium members only.

The historical data trend for Rajthanee 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.

Rajthanee Hospital PCL Cyclically Adjusted Price-to-FCF Chart

Rajthanee 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 0.00 0.00 0.00 0.00 13.57

Rajthanee 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 13.53 14.12 13.57 13.59 14.50

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

For the Medical Care Facilities subindustry, Rajthanee 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.


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

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

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


BKK:RJH-R
84GF Score
Rajthanee Hospital PCL BKK:RJH-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rajthanee 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.98889/0.85
=17.63

* 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.

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

For example, Rajthanee 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)
=0.126/333.9520*333.9520
=0.126

Current CPI (Jun. 2026) = 333.9520.

Rajthanee Hospital PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.199 241.428 0.275
201612 0.258 241.432 0.357
201703 0.056 243.801 0.077
201706 0.053 244.955 0.072
201709 0.337 246.819 0.456
201712 -0.713 246.524 -0.966
201803 -0.232 249.554 -0.310
201806 0.269 251.989 0.356
201809 1.219 252.439 1.613
201812 0.271 251.233 0.360
201903 -0.082 254.202 -0.108
201906 0.268 256.143 0.349
201909 0.011 256.759 0.014
201912 -0.021 256.974 -0.027
202003 0.473 258.115 0.612
202006 -0.021 257.797 -0.027
202009 0.060 260.280 0.077
202012 0.120 260.474 0.154
202103 0.296 264.877 0.373
202106 0.386 271.696 0.474
202109 -0.281 274.310 -0.342
202112 1.355 278.802 1.623
202203 0.346 287.504 0.402
202206 -0.590 296.311 -0.665
202209 0.976 296.808 1.098
202212 1.022 296.797 1.150
202303 0.623 301.836 0.689
202306 0.445 305.109 0.487
202309 -0.691 307.789 -0.750
202312 0.253 306.746 0.275
202403 0.203 312.332 0.217
202406 -0.248 314.175 -0.264
202409 -0.057 315.301 -0.060
202412 -0.212 315.605 -0.224
202503 0.460 319.799 0.480
202506 0.071 322.561 0.074
202509 0.639 324.800 0.657
202512 0.251 324.054 0.259
202603 0.036 330.213 0.036
202606 0.126 333.952 0.126

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 17.63 mean?
Rajthanee Hospital PCL (BKK:RJH-R) has a Cyclically Adjusted Price-to-FCF of 17.63 as of Sep. 11, 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 Rajthanee Hospital PCL and its competitors. This is 23% above median its historical median of 14.29. Over the past decade, Rajthanee Hospital PCL's Cyclically Adjusted Price-to-FCF has ranged from 12.42 to 17.16. According to the industry distribution chart, Rajthanee Hospital PCL ranks #95 out of 208 companies in the Healthcare Providers & Services industry, placing it in the top 45.7%.
Is Rajthanee Hospital PCL's Cyclically Adjusted Price-to-FCF too high?
Rajthanee Hospital PCL's current Cyclically Adjusted Price-to-FCF of 17.63 is 23% above median its 10-year median of 14.29. Over the past 10 years, this metric has ranged from a low of 12.42 to a high of 17.16. The Healthcare Providers & Services industry median Cyclically Adjusted Price-to-FCF is 18.34. Rajthanee Hospital PCL's value of 17.63 is 3.8% below this industry median. Based on the distribution chart, Rajthanee Hospital PCL ranks #95 out of 208 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Rajthanee Hospital PCL has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rajthanee Hospital PCL's Cyclically Adjusted Price-to-FCF compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Rajthanee Hospital PCL ranks #95 out of 208 companies for Cyclically Adjusted Price-to-FCF. This puts Rajthanee Hospital PCL in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 18.34. Rajthanee Hospital PCL's value of 17.63 is 3.8% below this benchmark. Historically, Rajthanee Hospital PCL's own Cyclically Adjusted Price-to-FCF has ranged from 12.42 to 17.16 over the past decade. While the company's 10-year median is 14.29 vs. the industry median of 18.34, Rajthanee Hospital 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 Healthcare Providers & Services company?
The median Cyclically Adjusted Price-to-FCF among Healthcare Providers & Services companies is 18.34, based on 208 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. Rajthanee Hospital PCL's current Cyclically Adjusted Price-to-FCF of 17.63 is 3.8% 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 Rajthanee Hospital PCL and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted Price-to-FCF is 18.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rajthanee Hospital PCL's current Cyclically Adjusted Price-to-FCF is 17.63, which is 23% above median its own 10-year median of 14.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajthanee Hospital PCL stock overvalued right now?
Based on GuruFocus' analysis, Rajthanee Hospital PCL (BKK:RJH-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿17.25, compared to a current price of ฿14.99 — trading 13.1% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 17.63, which is 23% above median its 10-year median of 14.29 and 3.8% below the Healthcare Providers & Services industry median of 18.34. Rajthanee Hospital PCL's overall GF Score™ is 84/100 with 10 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 Rajthanee Hospital PCL (BKK:RJH-R), the current Cyclically Adjusted Price-to-FCF is 17.63 as of Sep. 11, 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 Rajthanee Hospital PCL (BKK:RJH-R) Overvalued in 2026?

Based on GuruFocus' analysis, Rajthanee Hospital PCL stock appears to be undervalued. The current stock price of ฿14.99 is trading 13.1% below its estimated GF Value™ of ฿17.25. GuruFocus considers Rajthanee Hospital PCL to be Modestly Undervalued.

Key valuation signals for BKK:RJH-R:

  • Cyclically Adjusted Price-to-FCF: 17.63 (23% above median its 10-year median of 14.29)
  • GF Value™: ฿17.25 vs. price of ฿14.99 (13.1% below fair value)
  • GF Score™: 84/100 with 10 warning signs
  • Industry Position: 3.8% below the Healthcare Providers & Services median (#95 of 208)

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


Rajthanee Hospital PCL Business Description

Other Exchanges RJH:Thailand
Address No. 111 Moo 3, Rojana Road, Khlong Suan Phlu Sub-district, Phra Nakhon Si Ayutthaya District, Phra Nakhon Si Ayutthaya, THA, 13000
Rajthanee Hospital PCL operates mainly in healthcare services. It is principally engaged in providing healthcare as private hospital and hospital under the affiliated of social security. The company operates inpatient medical facilities in the form of general hospitals under the names "Rajathani Hospital" and "Rajathani Rojjana Hospital". It provides healthcare services, including medical service centers and clinics, patient rooms, ambulance services, technology support, and other related facilities and services.
84GF Score

Get the complete analysis for BKK:RJH-R

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

฿14.99
Price
฿17.25
GF Value