Thitikorn PCL (BKK:TK-R) Cyclically Adjusted Price-to-FCF: 1.96 (As of Sep. 05, 2026) — 54% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BKK:TK-R Thitikorn PCL BKK:TK-R
59 GF Score
Price ฿4.42
GF Value ฿2.63
! 7 Warning Signs
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What is Thitikorn PCL Cyclically Adjusted Price-to-FCF?

Thitikorn PCL BKK:TK-R +7.80% 59 Cyclically Adjusted Price-to-FCF is 1.96 as of Sep. 05, 2026, which is 54% below its 10-year median of 4.24. GuruFocus rates BKK:TK-R with a GF Score™ of 59/100 and a GF Value™ of ฿2.63. The stock has 7 warning signs investors should review. Among 129 Credit Services companies, Thitikorn PCL ranks better than 85.27% on this metric.

As of today (2026-09-05), Thitikorn PCL's current share price is ฿4.42. Thitikorn PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿2.26. Thitikorn PCL's Cyclically Adjusted Price-to-FCF for today is 1.96.

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

BKK:TK-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.4   Med: 4.24   Max: 46.15
Current: 1.99

During the past years, Thitikorn PCL's highest Cyclically Adjusted Price-to-FCF was 46.15. The lowest was 1.40. And the median was 4.24.

BKK:TK-R's Cyclically Adjusted Price-to-FCF is ranked better than
85.27% of 129 companies
in the Credit Services industry
Industry Median: 7.82 vs BKK:TK-R: 1.99

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.

Thitikorn PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿-0.403. 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 ฿2.26 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thitikorn PCL  (BKK:TK-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.


Thitikorn PCL Cyclically Adjusted Price-to-FCF Related Terms


Thitikorn PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Thitikorn 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.

Thitikorn PCL Cyclically Adjusted Price-to-FCF Chart

Thitikorn 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 4.16 3.48 2.09 1.88 1.91

Thitikorn 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 1.53 2.03 1.91 1.81 1.82

BKK:TK-R vs V, MA, AXP: Cyclically Adjusted Price-to-FCF Comparison

For the Credit Services subindustry, Thitikorn 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.


Thitikorn PCL Cyclically Adjusted Price-to-FCF vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Thitikorn PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:TK-R
59GF Score
Thitikorn PCL BKK:TK-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thitikorn 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.42/2.26
=1.96

* 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.

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

For example, Thitikorn 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)
=-0.403/333.9520*333.9520
=-0.403

Current CPI (Jun. 2026) = 333.9520.

Thitikorn PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.163 241.428 -0.225
201612 0.097 241.432 0.134
201703 -0.251 243.801 -0.344
201706 -0.579 244.955 -0.789
201709 -0.448 246.819 -0.606
201712 -0.131 246.524 -0.177
201803 0.093 249.554 0.124
201806 0.030 251.989 0.040
201809 0.066 252.439 0.087
201812 0.624 251.233 0.829
201903 0.641 254.202 0.842
201906 1.158 256.143 1.510
201909 1.516 256.759 1.972
201912 1.812 256.974 2.355
202003 1.643 258.115 2.126
202006 2.038 257.797 2.640
202009 1.599 260.280 2.052
202012 1.693 260.474 2.171
202103 0.883 264.877 1.113
202106 0.962 271.696 1.182
202109 0.542 274.310 0.660
202112 0.158 278.802 0.189
202203 -0.143 287.504 -0.166
202206 -0.259 296.311 -0.292
202209 -0.164 296.808 -0.185
202212 0.942 296.797 1.060
202303 0.355 301.836 0.393
202306 -0.335 305.109 -0.367
202309 -0.013 307.789 -0.014
202312 0.921 306.746 1.003
202403 0.619 312.332 0.662
202406 0.762 314.175 0.810
202409 1.032 315.301 1.093
202412 0.557 315.605 0.589
202503 0.299 319.799 0.312
202506 0.472 322.561 0.489
202509 0.223 324.800 0.229
202512 0.008 324.054 0.008
202603 -0.538 330.213 -0.544
202606 -0.403 333.952 -0.403

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 1.96 mean?
Thitikorn PCL (BKK:TK-R) has a Cyclically Adjusted Price-to-FCF of 1.96 as of Sep. 05, 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 Thitikorn PCL and its competitors. This is 54% below median its historical median of 4.24. Over the past decade, Thitikorn PCL's Cyclically Adjusted Price-to-FCF has ranged from 1.40 to 46.15. According to the industry distribution chart, Thitikorn PCL ranks #19 out of 129 companies in the Credit Services industry, placing it in the top 14.7%.
Is Thitikorn PCL's Cyclically Adjusted Price-to-FCF too high?
Thitikorn PCL's current Cyclically Adjusted Price-to-FCF of 1.96 is 54% below median its 10-year median of 4.24. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 46.15. The Credit Services industry median Cyclically Adjusted Price-to-FCF is 7.82. Thitikorn PCL's value of 1.96 is 74.9% below this industry median. Based on the distribution chart, Thitikorn PCL ranks #19 out of 129 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Thitikorn PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Thitikorn PCL's Cyclically Adjusted Price-to-FCF compare to V and MA?
According to the Credit Services industry distribution chart, Thitikorn PCL ranks #19 out of 129 companies for Cyclically Adjusted Price-to-FCF. This places Thitikorn PCL in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted Price-to-FCF is 7.82. Thitikorn PCL's value of 1.96 is 74.9% below this benchmark. Historically, Thitikorn PCL's own Cyclically Adjusted Price-to-FCF has ranged from 1.40 to 46.15 over the past decade. While the company's 10-year median is 4.24 vs. the industry median of 7.82, Thitikorn 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 Credit Services company?
The median Cyclically Adjusted Price-to-FCF among Credit Services companies is 7.82, based on 129 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. Thitikorn PCL's current Cyclically Adjusted Price-to-FCF of 1.96 is 74.9% 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 Thitikorn PCL and its competitors. For the Credit Services industry, the median Cyclically Adjusted Price-to-FCF is 7.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thitikorn PCL's current Cyclically Adjusted Price-to-FCF is 1.96, which is 54% below median its own 10-year median of 4.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thitikorn PCL stock overvalued right now?
Thitikorn PCL (BKK:TK-R) has a current Cyclically Adjusted Price-to-FCF of 1.96. The stock's GF Value™ is ฿2.63, compared to a current price of ฿4.42 — trading 68.1% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 1.96, which is 54% below median its 10-year median of 4.24 and 74.9% below the Credit Services industry median of 7.82. Thitikorn PCL's overall GF Score™ is 59/100 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 Thitikorn PCL (BKK:TK-R), the current Cyclically Adjusted Price-to-FCF is 1.96 as of Sep. 05, 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 Thitikorn PCL (BKK:TK-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thitikorn PCL stock appears to be overvalued. The current stock price of ฿4.42 is trading 68.1% above its estimated GF Value™ of ฿2.63.

Key valuation signals for BKK:TK-R:

  • Cyclically Adjusted Price-to-FCF: 1.96 (54% below median its 10-year median of 4.24)
  • GF Value™: ฿2.63 vs. price of ฿4.42 (68.1% above fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 74.9% below the Credit Services median (#19 of 129)

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


Thitikorn PCL Business Description

Other Exchanges TK:Thailand
Address 69 Ramkhamhaeng Road, Huamark, Bangkapi, Bangkok, THA, 10240
Thitikorn PCL and its subsidiaries are engaged in the vehicle hire-purchase business and related other services, and letting of motorcycle under operating lease. The company has a single-core operating segment which by product which are majority of hire-purchase on automobile and motorcycle and letting of motorcycle for general retail customers whereby the business activities with respect of loans and nano finance, including non-life insurance broker business and personal loan to the general retail customers are insignificant portion as compared to the entire volumes and business activities.. The company generates the majority of its revenue from the Domestic market.
59GF Score

Get the complete analysis for BKK:TK-R

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

฿4.42
Price
฿2.63
GF Value