TCM PCL (BKK:TCMC-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 26, 2026)

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:TCMC-R TCM Corp PCL BKK:TCMC-R
24 GF Score
Price ฿0.29
GF Value ฿0.44
Valuation Possible Value Trap
! 6 Warning Signs
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What is TCM PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


TCM PCL  (BKK:TCMC-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.


TCM PCL Cyclically Adjusted Price-to-FCF Related Terms


TCM PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for TCM 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.

TCM PCL Cyclically Adjusted Price-to-FCF Chart

TCM 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 3.24 3.11 2.28 1.16 0.67

TCM 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 0.72 0.81 0.67 0.57 0.00

BKK:TCMC-R vs AIN: Cyclically Adjusted Price-to-FCF Comparison

For the Textile Manufacturing subindustry, TCM 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.


TCM PCL Cyclically Adjusted Price-to-FCF vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TCM PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:TCMC-R
24GF Score
TCM Corp PCL BKK:TCMC-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TCM 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.

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

For example, TCM 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)
=-0.13/333.9520*333.9520
=-0.130

Current CPI (Jun. 2026) = 333.9520.

TCM PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.035 241.428 0.048
201612 -0.237 241.432 -0.328
201703 -0.022 243.801 -0.030
201706 0.137 244.955 0.187
201709 -0.031 246.819 -0.042
201712 0.485 246.524 0.657
201803 0.067 249.554 0.090
201806 0.352 251.989 0.466
201809 0.076 252.439 0.101
201812 0.346 251.233 0.460
201903 -0.105 254.202 -0.138
201906 0.144 256.143 0.188
201909 0.048 256.759 0.062
201912 0.460 256.974 0.598
202003 0.062 258.115 0.080
202006 0.134 257.797 0.174
202009 0.151 260.280 0.194
202012 0.250 260.474 0.321
202103 -0.048 264.877 -0.061
202106 0.193 271.696 0.237
202109 -0.079 274.310 -0.096
202112 -0.172 278.802 -0.206
202203 0.114 287.504 0.132
202206 0.055 296.311 0.062
202209 0.184 296.808 0.207
202212 0.133 296.797 0.150
202303 -0.024 301.836 -0.027
202306 0.071 305.109 0.078
202309 0.483 307.789 0.524
202312 0.096 306.746 0.105
202403 0.156 312.332 0.167
202406 -0.136 314.175 -0.145
202409 0.111 315.301 0.118
202412 0.044 315.605 0.047
202503 0.041 319.799 0.043
202506 -0.046 322.561 -0.048
202509 0.338 324.800 0.348
202512 0.225 324.054 0.232
202603 0.067 330.213 0.068
202606 -0.130 333.952 -0.130

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 TCM PCL (BKK:TCMC-R) Overvalued in 2026?

Based on GuruFocus' analysis, TCM PCL stock appears to be undervalued. The current stock price of ฿0.29 is trading 34.1% below its estimated GF Value™ of ฿0.44. GuruFocus considers TCM PCL to be Possible Value Trap.

Key valuation signals for BKK:TCMC-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿0.44 vs. price of ฿0.29 (34.1% below fair value)
  • GF Score™: 24/100 with 6 warning signs

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


TCM PCL Business Description

Other Exchanges TCMC:Thailand
Address 2054 New Petchaburi Road, Bangkapi, Huaykwang, Bangkok, THA, 10310
TCM Corp PCL is a Thailand-based manufacturer, distributor, and seller of various types of rugs and carpets. The company operates through three segments, The Surface segment includes hand-woven and machine-woven carpet for indoor decoration including the flooring materials; the Living segment consisting sofa chairs for interior decoration, and the Automotive segment comprises carpet for the floors inside vehicles, vehicles upholstery fabrics. The company derives maximum revenue from the Surface Segment. It has a business presence in Thailand, United Kingdom, and other countries.
24GF Score

Get the complete analysis for BKK:TCMC-R

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

฿0.29
Price
฿0.44
GF Value