STP&I PCL (BKK:STPI-R) Cyclically Adjusted Price-to-FCF: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is STP&I PCL Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


STP&I PCL  (BKK:STPI-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.


STP&I PCL Cyclically Adjusted Price-to-FCF Related Terms


STP&I PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for STP&I 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.

STP&I PCL Cyclically Adjusted Price-to-FCF Chart

STP&I 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 16.91 16.58 8.60 10.15 10.98

STP&I 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 5.72 8.90 10.20 10.98 11.29

BKK:STPI-R vs CRS, ATI, MLI: Cyclically Adjusted Price-to-FCF Comparison

For the Metal Fabrication subindustry, STP&I 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.


STP&I PCL Cyclically Adjusted Price-to-FCF vs Industrial Products Industry

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

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



STP&I 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.

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

For example, STP&I 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)
=0.08/330.2130*330.2130
=0.080

Current CPI (Mar. 2026) = 330.2130.

STP&I PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.163 241.018 0.223
201609 0.575 241.428 0.786
201612 -0.008 241.432 -0.011
201703 -0.230 243.801 -0.312
201706 0.231 244.955 0.311
201709 -0.132 246.819 -0.177
201712 0.393 246.524 0.526
201803 -0.163 249.554 -0.216
201806 -0.053 251.989 -0.069
201809 -0.204 252.439 -0.267
201812 -0.245 251.233 -0.322
201903 1.514 254.202 1.967
201906 -0.666 256.143 -0.859
201909 0.725 256.759 0.932
201912 -0.190 256.974 -0.244
202003 -0.479 258.115 -0.613
202006 0.041 257.797 0.053
202009 0.016 260.280 0.020
202012 -0.022 260.474 -0.028
202103 0.161 264.877 0.201
202106 -0.134 271.696 -0.163
202109 -0.070 274.310 -0.084
202112 0.742 278.802 0.879
202203 -0.108 287.504 -0.124
202206 0.045 296.311 0.050
202209 0.005 296.808 0.006
202212 -0.148 296.797 -0.165
202303 0.421 301.836 0.461
202306 -0.096 305.109 -0.104
202309 -0.042 307.789 -0.045
202312 0.208 306.746 0.224
202403 0.146 312.332 0.154
202406 -0.045 314.175 -0.047
202409 0.138 315.301 0.145
202412 -0.063 315.605 -0.066
202503 0.090 319.799 0.093
202506 0.176 322.561 0.180
202509 0.198 324.800 0.201
202512 0.105 324.054 0.107
202603 0.080 330.213 0.080

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.


STP&I PCL Business Description

Other Exchanges STPI:Thailand
Address Sukhumvit 21 Road (Asoke), 32/24, 3rd Floor, Sino-Thai Tower, Kwaeng Klongtoey Nua, Khet Wattana, Bangkok, THA, 10110
STP&I PCL is engaged in steel fabrication work, and the manufacture of boilers and pressure vessels. Its products include Steel structure, Piping, Module providing services to engineering, fabrication and construction sectors. The company operates in five reportable segments namely, The fabrication work for construction and industrial purpose, Sale of electricity and servicing of electricity, Rental of property, and production and Distribution of hemp products. It has a business presence in Thailand, Spain, Japan, England, Sri Lanka and other countries.