S & P Syndicate PCL (BKK:SNP-R) Cyclically Adjusted Price-to-FCF: 6.43 (As of Aug. 13, 2026) — 54% Below 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:SNP-R S & P Syndicate PCL BKK:SNP-R
66 GF Score
Price ฿9.45
GF Value ฿11.18
! 4 Warning Signs
View Full Analysis

What is S & P Syndicate PCL Cyclically Adjusted Price-to-FCF?

S & P Syndicate PCL BKK:SNP-R 66 Cyclically Adjusted Price-to-FCF is 6.43 as of Aug. 13, 2026, which is 54% below its 10-year median of 14.00. GuruFocus rates BKK:SNP-R with a GF Score™ of 66/100 and a GF Value™ of ฿11.18. The stock has 4 warning signs investors should review. Among 134 Restaurants companies, S & P Syndicate PCL ranks better than 64.93% on this metric.

As of today (2026-08-13), S & P Syndicate PCL's current share price is ฿9.45. S & P Syndicate PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ฿1.47. S & P Syndicate PCL's Cyclically Adjusted Price-to-FCF for today is 6.43.

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

BKK:SNP-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.27   Med: 14   Max: 29.07
Current: 6.27

During the past years, S & P Syndicate PCL's highest Cyclically Adjusted Price-to-FCF was 29.07. The lowest was 6.27. And the median was 14.00.

BKK:SNP-R's Cyclically Adjusted Price-to-FCF is ranked better than
64.93% of 134 companies
in the Restaurants industry
Industry Median: 10.49 vs BKK:SNP-R: 6.27

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 & P Syndicate PCL's adjusted free cash flow per share data for the three months ended in Mar. 2026 was ฿0.419. 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 ฿1.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


S & P Syndicate PCL  (BKK:SNP-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 & P Syndicate PCL Cyclically Adjusted Price-to-FCF Related Terms


S & P Syndicate PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for S & P Syndicate 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 & P Syndicate PCL Cyclically Adjusted Price-to-FCF Chart

S & P Syndicate 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 14.79 15.90 13.10 8.21 7.23

S & P Syndicate PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.19 7.02 7.18 7.23 6.41

BKK:SNP-R vs MCD, SBUX, YUM: Cyclically Adjusted Price-to-FCF Comparison

For the Restaurants subindustry, S & P Syndicate 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 & P Syndicate PCL Cyclically Adjusted Price-to-FCF vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, S & P Syndicate PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:SNP-R
66GF Score
S & P Syndicate PCL BKK:SNP-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S & P Syndicate 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 & P Syndicate PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.45/1.47
=6.43

* 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 & P Syndicate PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, S & P Syndicate PCL's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.419/330.2130*330.2130
=0.419

Current CPI (Mar. 2026) = 330.2130.

S & P Syndicate PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.014 241.018 -0.019
201609 0.115 241.428 0.157
201612 0.093 241.432 0.127
201703 0.011 243.801 0.015
201706 0.196 244.955 0.264
201709 0.314 246.819 0.420
201712 0.318 246.524 0.426
201803 -0.293 249.554 -0.388
201806 0.087 251.989 0.114
201809 0.569 252.439 0.744
201812 0.236 251.233 0.310
201903 0.164 254.202 0.213
201906 0.063 256.143 0.081
201909 0.489 256.759 0.629
201912 0.115 256.974 0.148
202003 0.179 258.115 0.229
202006 0.063 257.797 0.081
202009 0.803 260.280 1.019
202012 0.382 260.474 0.484
202103 0.394 264.877 0.491
202106 0.291 271.696 0.354
202109 0.374 274.310 0.450
202112 0.692 278.802 0.820
202203 0.200 287.504 0.230
202206 0.322 296.311 0.359
202209 0.658 296.808 0.732
202212 0.458 296.797 0.510
202303 0.175 301.836 0.191
202306 0.306 305.109 0.331
202309 0.642 307.789 0.689
202312 0.462 306.746 0.497
202403 0.276 312.332 0.292
202406 0.344 314.175 0.362
202409 0.648 315.301 0.679
202412 0.379 315.605 0.397
202503 0.245 319.799 0.253
202506 0.226 322.561 0.231
202509 0.465 324.800 0.473
202512 0.214 324.054 0.218
202603 0.419 330.213 0.419

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 6.43 mean?
S & P Syndicate PCL (BKK:SNP-R) has a Cyclically Adjusted Price-to-FCF of 6.43 as of Aug. 13, 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 & P Syndicate PCL and its competitors. This is 54% below median its historical median of 14.00. Over the past decade, S & P Syndicate PCL's Cyclically Adjusted Price-to-FCF has ranged from 6.27 to 29.07. According to the industry distribution chart, S & P Syndicate PCL ranks #47 out of 134 companies in the Restaurants industry, placing it in the top 35.1%.
Is S & P Syndicate PCL's Cyclically Adjusted Price-to-FCF too high?
S & P Syndicate PCL's current Cyclically Adjusted Price-to-FCF of 6.43 is 54% below median its 10-year median of 14.00. Over the past 10 years, this metric has ranged from a low of 6.27 to a high of 29.07. The Restaurants industry median Cyclically Adjusted Price-to-FCF is 10.49. S & P Syndicate PCL's value of 6.43 is 38.7% below this industry median. Based on the distribution chart, S & P Syndicate PCL ranks #47 out of 134 companies in the Restaurants industry, which is above the industry midpoint. Overall, S & P Syndicate PCL has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does S & P Syndicate PCL's Cyclically Adjusted Price-to-FCF compare to MCD and SBUX?
According to the Restaurants industry distribution chart, S & P Syndicate PCL ranks #47 out of 134 companies for Cyclically Adjusted Price-to-FCF. This puts S & P Syndicate PCL in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 10.49. S & P Syndicate PCL's value of 6.43 is 38.7% below this benchmark. Historically, S & P Syndicate PCL's own Cyclically Adjusted Price-to-FCF has ranged from 6.27 to 29.07 over the past decade. While the company's 10-year median is 14.00 vs. the industry median of 10.49, S & P Syndicate 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 Restaurants company?
The median Cyclically Adjusted Price-to-FCF among Restaurants companies is 10.49, based on 134 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 & P Syndicate PCL's current Cyclically Adjusted Price-to-FCF of 6.43 is 38.7% 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 S & P Syndicate PCL and its competitors. For the Restaurants industry, the median Cyclically Adjusted Price-to-FCF is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S & P Syndicate PCL's current Cyclically Adjusted Price-to-FCF is 6.43, which is 54% below median its own 10-year median of 14.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S & P Syndicate PCL stock overvalued right now?
S & P Syndicate PCL (BKK:SNP-R) has a current Cyclically Adjusted Price-to-FCF of 6.43. The stock's GF Value™ is ฿11.18, compared to a current price of ฿9.45 — trading 15.5% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 6.43, which is 54% below median its 10-year median of 14.00 and 38.7% below the Restaurants industry median of 10.49. S & P Syndicate PCL's overall GF Score™ is 66/100 with 4 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 & P Syndicate PCL (BKK:SNP-R), the current Cyclically Adjusted Price-to-FCF is 6.43 as of Aug. 13, 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 & P Syndicate PCL (BKK:SNP-R) Overvalued in 2026?

Based on GuruFocus' analysis, S & P Syndicate PCL stock appears to be undervalued. The current stock price of ฿9.45 is trading 15.5% below its estimated GF Value™ of ฿11.18.

Key valuation signals for BKK:SNP-R:

  • Cyclically Adjusted Price-to-FCF: 6.43 (54% below median its 10-year median of 14.00)
  • GF Value™: ฿11.18 vs. price of ฿9.45 (15.5% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 38.7% below the Restaurants median (#47 of 134)

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


S & P Syndicate PCL Business Description

Other Exchanges SNP:Thailand
Address New Petchburi Road, No 2034/100-103, 23 Floor, Italthai Tower, Bangkapi, Huaykwang, Bangkok, THA, 10310
S & P Syndicate PCL is engaged in the operations of a nationwide and international chain of restaurants and bakery shops, the production of bakery, frozen foods and other food products and food service-related businesses such as outside catering. Its products under Bakery include Pound Cake, Packaged Cake, Frozen Cake, Pastry, Sandwich and Bread, Cookies, Moon Cake, Thai Dessert, and Snack; Food Product include Thai Food, Frozen Quick Meal, Jelio Jelly, International Food, and Healthy Food; and Beverage Product include Coffee and Tea Bluecup, Drink Bottled Beverages, Fruit Juice, Fruit Juice (UHT), and Smoothie. Its segments include Domestic restaurants and bakery shops, Domestic Packaged food and bakery trading business, Overseas restaurants, and Others.
66GF Score

Get the complete analysis for BKK:SNP-R

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

฿9.45
Price
฿11.18
GF Value