Thaicom PCL (BKK:THCOM-R) Cyclically Adjusted Price-to-FCF: 9.75 (As of Aug. 30, 2026) — 55% Above 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:THCOM-R Thaicom PCL BKK:THCOM-R
76 GF Score
Price ฿11.12
GF Value ฿12.97
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Thaicom PCL Cyclically Adjusted Price-to-FCF?

Thaicom PCL BKK:THCOM-R -1.59% 76 Cyclically Adjusted Price-to-FCF is 9.75 as of Aug. 30, 2026, which is 55% above its 10-year median of 6.30. GuruFocus rates BKK:THCOM-R with a GF Score™ of 76/100 and a GF Value™ of ฿12.97 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 192 Telecommunication Services companies, Thaicom PCL ranks better than 61.98% on this metric.

As of today (2026-08-30), Thaicom PCL's current share price is ฿11.11985. Thaicom PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿1.14. Thaicom PCL's Cyclically Adjusted Price-to-FCF for today is 9.75.

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

BKK:THCOM-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.48   Med: 6.3   Max: 16.97
Current: 10.6

During the past years, Thaicom PCL's highest Cyclically Adjusted Price-to-FCF was 16.97. The lowest was 1.48. And the median was 6.30.

BKK:THCOM-R's Cyclically Adjusted Price-to-FCF is ranked better than
61.98% of 192 companies
in the Telecommunication Services industry
Industry Median: 14.105 vs BKK:THCOM-R: 10.60

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.

Thaicom PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿-0.070. 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 ฿1.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thaicom PCL  (BKK:THCOM-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.


Thaicom PCL Cyclically Adjusted Price-to-FCF Related Terms


Thaicom PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Thaicom 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.

Thaicom PCL Cyclically Adjusted Price-to-FCF Chart

Thaicom 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 6.52 7.78 7.48 6.72 6.38

Thaicom 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 4.45 6.10 6.38 9.97 10.69

BKK:THCOM-R vs VZ, TMUS, T: Cyclically Adjusted Price-to-FCF Comparison

For the Telecom Services subindustry, Thaicom 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.


Thaicom PCL Cyclically Adjusted Price-to-FCF vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Thaicom PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:THCOM-R
76GF Score
Thaicom PCL BKK:THCOM-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thaicom 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.

Thaicom PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.11985/1.14
=9.75

* 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.

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

For example, Thaicom 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)
=-0.07/333.9520*333.9520
=-0.070

Current CPI (Jun. 2026) = 333.9520.

Thaicom PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.244 241.428 -0.338
201612 1.267 241.432 1.753
201703 0.570 243.801 0.781
201706 1.171 244.955 1.596
201709 0.006 246.819 0.008
201712 0.668 246.524 0.905
201803 0.241 249.554 0.323
201806 0.951 251.989 1.260
201809 -0.102 252.439 -0.135
201812 0.548 251.233 0.728
201903 0.453 254.202 0.595
201906 0.375 256.143 0.489
201909 0.036 256.759 0.047
201912 0.442 256.974 0.574
202003 0.384 258.115 0.497
202006 0.911 257.797 1.180
202009 -0.081 260.280 -0.104
202012 0.329 260.474 0.422
202103 0.360 264.877 0.454
202106 0.572 271.696 0.703
202109 -0.004 274.310 -0.005
202112 0.144 278.802 0.172
202203 0.968 287.504 1.124
202206 0.277 296.311 0.312
202209 0.523 296.808 0.588
202212 0.073 296.797 0.082
202303 0.305 301.836 0.337
202306 0.034 305.109 0.037
202309 -0.529 307.789 -0.574
202312 -0.223 306.746 -0.243
202403 -0.071 312.332 -0.076
202406 -0.474 314.175 -0.504
202409 -0.681 315.301 -0.721
202412 0.094 315.605 0.099
202503 -0.005 319.799 -0.005
202506 0.091 322.561 0.094
202509 -1.119 324.800 -1.151
202512 -0.496 324.054 -0.511
202603 -0.250 330.213 -0.253
202606 -0.070 333.952 -0.070

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 9.75 mean?
Thaicom PCL (BKK:THCOM-R) has a Cyclically Adjusted Price-to-FCF of 9.75 as of Aug. 30, 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 Thaicom PCL and its competitors. This is 55% above median its historical median of 6.30. Over the past decade, Thaicom PCL's Cyclically Adjusted Price-to-FCF has ranged from 1.48 to 16.97. According to the industry distribution chart, Thaicom PCL ranks #73 out of 192 companies in the Telecommunication Services industry, placing it in the top 38%.
Is Thaicom PCL's Cyclically Adjusted Price-to-FCF too high?
Thaicom PCL's current Cyclically Adjusted Price-to-FCF of 9.75 is 55% above median its 10-year median of 6.30. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 16.97. The Telecommunication Services industry median Cyclically Adjusted Price-to-FCF is 14.11. Thaicom PCL's value of 9.75 is 30.9% below this industry median. Based on the distribution chart, Thaicom PCL ranks #73 out of 192 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Thaicom PCL has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thaicom PCL's Cyclically Adjusted Price-to-FCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Thaicom PCL ranks #73 out of 192 companies for Cyclically Adjusted Price-to-FCF. This puts Thaicom PCL in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 14.11. Thaicom PCL's value of 9.75 is 30.9% below this benchmark. Historically, Thaicom PCL's own Cyclically Adjusted Price-to-FCF has ranged from 1.48 to 16.97 over the past decade. While the company's 10-year median is 6.30 vs. the industry median of 14.11, Thaicom 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 Telecommunication Services company?
The median Cyclically Adjusted Price-to-FCF among Telecommunication Services companies is 14.11, based on 192 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. Thaicom PCL's current Cyclically Adjusted Price-to-FCF of 9.75 is 30.9% 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 Thaicom PCL and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted Price-to-FCF is 14.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thaicom PCL's current Cyclically Adjusted Price-to-FCF is 9.75, which is 55% above median its own 10-year median of 6.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thaicom PCL stock overvalued right now?
Based on GuruFocus' analysis, Thaicom PCL (BKK:THCOM-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿12.97, compared to a current price of ฿11.12 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 9.75, which is 55% above median its 10-year median of 6.30 and 30.9% below the Telecommunication Services industry median of 14.11. Thaicom PCL's overall GF Score™ is 76/100 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 Thaicom PCL (BKK:THCOM-R), the current Cyclically Adjusted Price-to-FCF is 9.75 as of Aug. 30, 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 Thaicom PCL (BKK:THCOM-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thaicom PCL stock appears to be undervalued. The current stock price of ฿11.12 is trading 14.3% below its estimated GF Value™ of ฿12.97. GuruFocus considers Thaicom PCL to be Modestly Undervalued.

Key valuation signals for BKK:THCOM-R:

  • Cyclically Adjusted Price-to-FCF: 9.75 (55% above median its 10-year median of 6.30)
  • GF Value™: ฿12.97 vs. price of ฿11.12 (14.3% below fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 30.9% below the Telecommunication Services median (#73 of 192)

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


Thaicom PCL Business Description

Other Exchanges THCOM:Thailand
Address All Seasons Place, Wireless Road, 87/1 Capital Tower, 23rd Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Thaicom PCL is engaged in transponder services for domestic & international communications, sale of the user terminal, broadband content services, sale of direct television equipment, internet data center services, internet services, satellite uplink-downlink services, broadcasting television service, telecommunication, printing, publishing of business telephone directories, banner advertising, telephone network services, mobile contents, and engineering & development services on communication technology & electronics. It operates in three segments: Satellite services, Internet services & media, and Telephone networks. The company has operations in Thailand, Singapore, Australia, India and others.
76GF Score

Get the complete analysis for BKK:THCOM-R

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

฿11.12
Price
฿12.97
GF Value