S 11 Group PCL (BKK:S11-R) Cyclically Adjusted Price-to-FCF: 22.10 (As of Sep. 14, 2026) — Near Median

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BKK:S11-R S 11 Group PCL BKK:S11-R
57 GF Score
Price ฿4.64
GF Value ฿2.60
Valuation Significantly Overvalued
! 7 Warning Signs
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What is S 11 Group PCL Cyclically Adjusted Price-to-FCF?

S 11 Group PCL BKK:S11-R +1.98% 57 Cyclically Adjusted Price-to-FCF is 22.10 as of Sep. 14, 2026, which is 4% above its 10-year median of 21.35. GuruFocus rates BKK:S11-R with a GF Score™ of 57/100 and a GF Value™ of ฿2.60 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 133 Credit Services companies, S 11 Group PCL ranks worse than 74.44% on this metric.

As of today (2026-09-14), S 11 Group PCL's current share price is ฿4.64. S 11 Group PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.21. S 11 Group PCL's Cyclically Adjusted Price-to-FCF for today is 22.10.

The historical rank and industry rank for S 11 Group PCL's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BKK:S11-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.2   Med: 21.35   Max: 141
Current: 21.09

During the past years, S 11 Group PCL's highest Cyclically Adjusted Price-to-FCF was 141.00. The lowest was 18.20. And the median was 21.35.

BKK:S11-R's Cyclically Adjusted Price-to-FCF is ranked worse than
74.44% of 133 companies
in the Credit Services industry
Industry Median: 7.8 vs BKK:S11-R: 21.09

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.

S 11 Group PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿-0.003. 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 ฿0.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


S 11 Group PCL  (BKK:S11-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.


S 11 Group PCL Cyclically Adjusted Price-to-FCF Related Terms


S 11 Group PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for S 11 Group 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.

S 11 Group PCL Cyclically Adjusted Price-to-FCF Chart

S 11 Group 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 29.49 18.83

S 11 Group 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 19.94 19.03 18.83 19.00 18.36

BKK:S11-R vs V, MA, AXP: Cyclically Adjusted Price-to-FCF Comparison

For the Credit Services subindustry, S 11 Group 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.


S 11 Group PCL Cyclically Adjusted Price-to-FCF vs Credit Services Industry

For the Credit Services industry and Financial Services sector, S 11 Group PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where S 11 Group PCL's Cyclically Adjusted Price-to-FCF falls into.


BKK:S11-R
57GF Score
S 11 Group PCL BKK:S11-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S 11 Group 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.

S 11 Group PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.64/0.21
=22.10

* 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.

S 11 Group PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, S 11 Group 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)
=-0.003/333.9520*333.9520
=-0.003

Current CPI (Jun. 2026) = 333.9520.

S 11 Group PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.125 241.428 -0.173
201612 -0.126 241.432 -0.174
201703 0.091 243.801 0.125
201706 -0.173 244.955 -0.236
201709 -0.147 246.819 -0.199
201712 -0.207 246.524 -0.280
201803 -0.009 249.554 -0.012
201806 -0.300 251.989 -0.398
201809 -0.159 252.439 -0.210
201812 -0.117 251.233 -0.156
201903 0.023 254.202 0.030
201906 -0.156 256.143 -0.203
201909 -0.241 256.759 -0.313
201912 -0.036 256.974 -0.047
202003 -0.140 258.115 -0.181
202006 0.504 257.797 0.653
202009 0.268 260.280 0.344
202012 0.456 260.474 0.585
202103 0.448 264.877 0.565
202106 0.364 271.696 0.447
202109 0.701 274.310 0.853
202112 0.476 278.802 0.570
202203 0.400 287.504 0.465
202206 -0.096 296.311 -0.108
202209 -0.148 296.808 -0.167
202212 -0.141 296.797 -0.159
202303 -0.378 301.836 -0.418
202306 -1.093 305.109 -1.196
202309 -0.549 307.789 -0.596
202312 0.350 306.746 0.381
202403 0.347 312.332 0.371
202406 0.335 314.175 0.356
202409 0.343 315.301 0.363
202412 0.338 315.605 0.358
202503 0.220 319.799 0.230
202506 0.141 322.561 0.146
202509 0.113 324.800 0.116
202512 0.178 324.054 0.183
202603 0.285 330.213 0.288
202606 -0.003 333.952 -0.003

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 22.10 mean?
S 11 Group PCL (BKK:S11-R) has a Cyclically Adjusted Price-to-FCF of 22.10 as of Sep. 14, 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 S 11 Group PCL and its competitors. This is near median its historical median of 21.35. Over the past decade, S 11 Group PCL's Cyclically Adjusted Price-to-FCF has ranged from 18.20 to 141.00. According to the industry distribution chart, S 11 Group PCL ranks #99 out of 133 companies in the Credit Services industry, placing it in the top 74.4%.
Is S 11 Group PCL's Cyclically Adjusted Price-to-FCF too high?
S 11 Group PCL's current Cyclically Adjusted Price-to-FCF of 22.10 is near median its 10-year median of 21.35. Over the past 10 years, this metric has ranged from a low of 18.20 to a high of 141.00. The Credit Services industry median Cyclically Adjusted Price-to-FCF is 7.80. S 11 Group PCL's value of 22.10 is 183.3% above this industry median. Based on the distribution chart, S 11 Group PCL ranks #99 out of 133 companies in the Credit Services industry, which is below the industry midpoint. Overall, S 11 Group PCL has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S 11 Group PCL's Cyclically Adjusted Price-to-FCF compare to V and MA?
According to the Credit Services industry distribution chart, S 11 Group PCL ranks #99 out of 133 companies for Cyclically Adjusted Price-to-FCF. This places S 11 Group PCL in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 7.80. S 11 Group PCL's value of 22.10 is 183.3% above this benchmark. Historically, S 11 Group PCL's own Cyclically Adjusted Price-to-FCF has ranged from 18.20 to 141.00 over the past decade. While the company's 10-year median is 21.35 vs. the industry median of 7.80, S 11 Group 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 Credit Services company?
The median Cyclically Adjusted Price-to-FCF among Credit Services companies is 7.80, based on 133 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. S 11 Group PCL's current Cyclically Adjusted Price-to-FCF of 22.10 is 183.3% 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 S 11 Group PCL and its competitors. For the Credit Services industry, the median Cyclically Adjusted Price-to-FCF is 7.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S 11 Group PCL's current Cyclically Adjusted Price-to-FCF is 22.10, which is near median its own 10-year median of 21.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S 11 Group PCL stock overvalued right now?
Based on GuruFocus' analysis, S 11 Group PCL (BKK:S11-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿2.60, compared to a current price of ฿4.64 — trading 78.5% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 22.10, which is near median its 10-year median of 21.35 and 183.3% above the Credit Services industry median of 7.80. S 11 Group PCL's overall GF Score™ is 57/100 with 7 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 S 11 Group PCL (BKK:S11-R), the current Cyclically Adjusted Price-to-FCF is 22.10 as of Sep. 14, 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 S 11 Group PCL (BKK:S11-R) Overvalued in 2026?

Based on GuruFocus' analysis, S 11 Group PCL stock appears to be overvalued. The current stock price of ฿4.64 is trading 78.5% above its estimated GF Value™ of ฿2.60. GuruFocus considers S 11 Group PCL to be Significantly Overvalued.

Key valuation signals for BKK:S11-R:

  • Cyclically Adjusted Price-to-FCF: 22.10 (near median its 10-year median of 21.35)
  • GF Value™: ฿2.60 vs. price of ฿4.64 (78.5% above fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 183.3% above the Credit Services median (#99 of 133)

No single metric tells the full story. See the BKK:S11-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S 11 Group PCL Business Description

Other Exchanges S11:Thailand
Address 888, Soi Chatuchot 10, Chatuchot Road, Ao Ngoen, Sai Mai, Bangkok, THA, 10220
S 11 Group PCL is principally engaged in the hire purchase of motorcycles and loans secured against motorcycle registrations. Geographically, the company operates in Thailand.
57GF Score

Get the complete analysis for BKK:S11-R

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

฿4.64
Price
฿2.60
GF Value