Thai President Foods PCL (BKK:TFMAMA-R) Cyclically Adjusted Price-to-FCF: 13.03 (As of Aug. 31, 2026) — 31% 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:TFMAMA-R Thai President Foods PCL BKK:TFMAMA-R
85 GF Score
Price ฿186.00
GF Value ฿187.35
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Thai President Foods PCL Cyclically Adjusted Price-to-FCF?

Thai President Foods PCL BKK:TFMAMA-R 85 Cyclically Adjusted Price-to-FCF is 13.03 as of Aug. 31, 2026, which is 31% below its 10-year median of 18.84. GuruFocus rates BKK:TFMAMA-R with a GF Score™ of 85/100 and a GF Value™ of ฿187.35 (Fairly Valued). The stock has 3 warning signs investors should review. Among 725 Consumer Packaged Goods companies, Thai President Foods PCL ranks better than 67.31% on this metric.

As of today (2026-08-31), Thai President Foods PCL's current share price is ฿186.00. Thai President Foods PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿14.27. Thai President Foods PCL's Cyclically Adjusted Price-to-FCF for today is 13.03.

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

BKK:TFMAMA-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.22   Med: 18.84   Max: 26.34
Current: 13.22

During the past years, Thai President Foods PCL's highest Cyclically Adjusted Price-to-FCF was 26.34. The lowest was 13.22. And the median was 18.84.

BKK:TFMAMA-R's Cyclically Adjusted Price-to-FCF is ranked better than
67.31% of 725 companies
in the Consumer Packaged Goods industry
Industry Median: 20.75 vs BKK:TFMAMA-R: 13.22

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.

Thai President Foods PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿2.208. 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 ฿14.27 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai President Foods PCL  (BKK:TFMAMA-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.


Thai President Foods PCL Cyclically Adjusted Price-to-FCF Related Terms


Thai President Foods PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Thai President Foods 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.

Thai President Foods PCL Cyclically Adjusted Price-to-FCF Chart

Thai President Foods 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 19.96 17.54 16.89 14.31 13.89

Thai President Foods 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 13.70 14.01 13.89 13.47 13.22

BKK:TFMAMA-R vs KHC, GIS: Cyclically Adjusted Price-to-FCF Comparison

For the Packaged Foods subindustry, Thai President Foods 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.


Thai President Foods PCL Cyclically Adjusted Price-to-FCF vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai President Foods PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:TFMAMA-R
85GF Score
Thai President Foods PCL BKK:TFMAMA-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai President Foods 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.

Thai President Foods PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=186.00/14.27
=13.03

* 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.

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

For example, Thai President Foods 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)
=2.208/333.9520*333.9520
=2.208

Current CPI (Jun. 2026) = 333.9520.

Thai President Foods PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 3.862 241.428 5.342
201612 2.107 241.432 2.914
201703 2.208 243.801 3.024
201706 1.548 244.955 2.110
201709 3.430 246.819 4.641
201712 2.315 246.524 3.136
201803 3.577 249.554 4.787
201806 3.459 251.989 4.584
201809 3.246 252.439 4.294
201812 2.808 251.233 3.733
201903 2.114 254.202 2.777
201906 2.228 256.143 2.905
201909 4.341 256.759 5.646
201912 4.425 256.974 5.751
202003 2.032 258.115 2.629
202006 2.717 257.797 3.520
202009 4.277 260.280 5.488
202012 3.644 260.474 4.672
202103 2.568 264.877 3.238
202106 2.713 271.696 3.335
202109 3.808 274.310 4.636
202112 2.871 278.802 3.439
202203 1.395 287.504 1.620
202206 2.712 296.311 3.057
202209 1.683 296.808 1.894
202212 1.781 296.797 2.004
202303 2.623 301.836 2.902
202306 3.338 305.109 3.654
202309 2.939 307.789 3.189
202312 4.469 306.746 4.865
202403 2.876 312.332 3.075
202406 1.096 314.175 1.165
202409 6.913 315.301 7.322
202412 3.752 315.605 3.970
202503 2.864 319.799 2.991
202506 1.725 322.561 1.786
202509 1.957 324.800 2.012
202512 3.188 324.054 3.285
202603 3.105 330.213 3.140
202606 2.208 333.952 2.208

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 13.03 mean?
Thai President Foods PCL (BKK:TFMAMA-R) has a Cyclically Adjusted Price-to-FCF of 13.03 as of Aug. 31, 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 Thai President Foods PCL and its competitors. This is 31% below median its historical median of 18.84. Over the past decade, Thai President Foods PCL's Cyclically Adjusted Price-to-FCF has ranged from 13.22 to 26.34. According to the industry distribution chart, Thai President Foods PCL ranks #237 out of 725 companies in the Consumer Packaged Goods industry, placing it in the top 32.7%.
Is Thai President Foods PCL's Cyclically Adjusted Price-to-FCF too high?
Thai President Foods PCL's current Cyclically Adjusted Price-to-FCF of 13.03 is 31% below median its 10-year median of 18.84. Over the past 10 years, this metric has ranged from a low of 13.22 to a high of 26.34. The Consumer Packaged Goods industry median Cyclically Adjusted Price-to-FCF is 20.75. Thai President Foods PCL's value of 13.03 is 37.2% below this industry median. Based on the distribution chart, Thai President Foods PCL ranks #237 out of 725 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Thai President Foods PCL has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai President Foods PCL's Cyclically Adjusted Price-to-FCF compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai President Foods PCL ranks #237 out of 725 companies for Cyclically Adjusted Price-to-FCF. This puts Thai President Foods PCL in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 20.75. Thai President Foods PCL's value of 13.03 is 37.2% below this benchmark. Historically, Thai President Foods PCL's own Cyclically Adjusted Price-to-FCF has ranged from 13.22 to 26.34 over the past decade. While the company's 10-year median is 18.84 vs. the industry median of 20.75, Thai President Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted Price-to-FCF among Consumer Packaged Goods companies is 20.75, based on 725 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. Thai President Foods PCL's current Cyclically Adjusted Price-to-FCF of 13.03 is 37.2% 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 Thai President Foods PCL and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted Price-to-FCF is 20.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai President Foods PCL's current Cyclically Adjusted Price-to-FCF is 13.03, which is 31% below median its own 10-year median of 18.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai President Foods PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai President Foods PCL (BKK:TFMAMA-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿187.35, compared to a current price of ฿186.00 — trading 0.7% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 13.03, which is 31% below median its 10-year median of 18.84 and 37.2% below the Consumer Packaged Goods industry median of 20.75. Thai President Foods PCL's overall GF Score™ is 85/100 with 3 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 Thai President Foods PCL (BKK:TFMAMA-R), the current Cyclically Adjusted Price-to-FCF is 13.03 as of Aug. 31, 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 Thai President Foods PCL (BKK:TFMAMA-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thai President Foods PCL stock appears to be undervalued. The current stock price of ฿186.00 is trading 0.7% below its estimated GF Value™ of ฿187.35. GuruFocus considers Thai President Foods PCL to be Fairly Valued.

Key valuation signals for BKK:TFMAMA-R:

  • Cyclically Adjusted Price-to-FCF: 13.03 (31% below median its 10-year median of 18.84)
  • GF Value™: ฿187.35 vs. price of ฿186.00 (0.7% below fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 37.2% below the Consumer Packaged Goods median (#237 of 725)

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


Thai President Foods PCL Business Description

Other Exchanges TFMAMA:Thailand
Address No. 304, Srinakarin Road, TF Group Building, Huamark Sub-district, Bangkapi District, Bangkok, THA, 10240
Thai President Foods PCL is a Thailand-based manufacturer and distributor of instant noodles, semi-instant foods, and biscuit products. Some of its brands include Mama, Ruski, Bissin, Thai Chef, and Bamee. It operates in six segments: Instant noodles and semi-instant foods, Biscuits, Bakery, Packaging, Fruit Juice, and Others, of which a majority of the revenue is derived from the Instant noodles segment. Geographically, the company generates the majority of its revenue from the domestic market.
85GF Score

Get the complete analysis for BKK:TFMAMA-R

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

฿186.00
Price
฿187.35
GF Value