TPC Power Holding PCL (BKK:TPCH-R) Cyclically Adjusted Price-to-FCF: 3.96 (As of Aug. 31, 2026) — 70% Below Median

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BKK:TPCH-R TPC Power Holding PCL BKK:TPCH-R
55 GF Score
Price ฿0.99
GF Value ฿4.74
Valuation Possible Value Trap
! 4 Warning Signs
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What is TPC Power Holding PCL Cyclically Adjusted Price-to-FCF?

TPC Power Holding PCL BKK:TPCH-R 55 Cyclically Adjusted Price-to-FCF is 3.96 as of Aug. 31, 2026, which is 70% below its 10-year median of 13.08. GuruFocus rates BKK:TPCH-R with a GF Score™ of 55/100 and a GF Value™ of ฿4.74 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 136 Utilities - Independent Power Producers companies, TPC Power Holding PCL ranks better than 78.68% on this metric.

As of today (2026-08-31), TPC Power Holding PCL's current share price is ฿0.99. TPC Power Holding PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.25. TPC Power Holding PCL's Cyclically Adjusted Price-to-FCF for today is 3.96.

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

BKK:TPCH-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.58   Med: 13.08   Max: 33.67
Current: 5.71

During the past years, TPC Power Holding PCL's highest Cyclically Adjusted Price-to-FCF was 33.67. The lowest was 5.58. And the median was 13.08.

BKK:TPCH-R's Cyclically Adjusted Price-to-FCF is ranked better than
78.68% of 136 companies
in the Utilities - Independent Power Producers industry
Industry Median: 14.24 vs BKK:TPCH-R: 5.71

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.

TPC Power Holding PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿0.393. 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 ฿0.25 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TPC Power Holding PCL  (BKK:TPCH-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.


TPC Power Holding PCL Cyclically Adjusted Price-to-FCF Related Terms


TPC Power Holding PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for TPC Power Holding 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.

TPC Power Holding PCL Cyclically Adjusted Price-to-FCF Chart

TPC Power Holding 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 0.00 0.00 0.00 0.00 22.34

TPC Power Holding 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 0.00 0.00 22.34 14.84 7.55

TPC Power Holding PCL Cyclically Adjusted Price-to-FCF Competitor Comparison

For the Utilities - Renewable subindustry, TPC Power Holding 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.


TPC Power Holding PCL Cyclically Adjusted Price-to-FCF vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TPC Power Holding PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:TPCH-R
55GF Score
TPC Power Holding PCL BKK:TPCH-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TPC Power Holding 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.

TPC Power Holding PCL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.99/0.25
=3.96

* 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.

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

For example, TPC Power Holding 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)
=0.393/333.9520*333.9520
=0.393

Current CPI (Jun. 2026) = 333.9520.

TPC Power Holding PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.483 241.428 -0.668
201612 0.152 241.432 0.210
201703 -0.560 243.801 -0.767
201706 -0.015 244.955 -0.020
201709 0.182 246.819 0.246
201712 0.171 246.524 0.232
201803 0.421 249.554 0.563
201806 -0.121 251.989 -0.160
201809 0.142 252.439 0.188
201812 -0.287 251.233 -0.381
201903 -0.329 254.202 -0.432
201906 -0.415 256.143 -0.541
201909 -1.040 256.759 -1.353
201912 -0.800 256.974 -1.040
202003 -0.183 258.115 -0.237
202006 -0.535 257.797 -0.693
202009 0.300 260.280 0.385
202012 0.217 260.474 0.278
202103 -0.242 264.877 -0.305
202106 0.009 271.696 0.011
202109 0.243 274.310 0.296
202112 -0.331 278.802 -0.396
202203 0.271 287.504 0.315
202206 0.234 296.311 0.264
202209 0.167 296.808 0.188
202212 0.444 296.797 0.500
202303 0.312 301.836 0.345
202306 0.326 305.109 0.357
202309 0.467 307.789 0.507
202312 0.303 306.746 0.330
202403 0.231 312.332 0.247
202406 0.519 314.175 0.552
202409 0.368 315.301 0.390
202412 0.012 315.605 0.013
202503 0.387 319.799 0.404
202506 0.524 322.561 0.543
202509 0.145 324.800 0.149
202512 0.471 324.054 0.485
202603 0.455 330.213 0.460
202606 0.393 333.952 0.393

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 3.96 mean?
TPC Power Holding PCL (BKK:TPCH-R) has a Cyclically Adjusted Price-to-FCF of 3.96 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 TPC Power Holding PCL and its competitors. This is 70% below median its historical median of 13.08. Over the past decade, TPC Power Holding PCL's Cyclically Adjusted Price-to-FCF has ranged from 5.58 to 33.67. According to the industry distribution chart, TPC Power Holding PCL ranks #29 out of 136 companies in the Utilities - Independent Power Producers industry, placing it in the top 21.3%.
Is TPC Power Holding PCL's Cyclically Adjusted Price-to-FCF too high?
TPC Power Holding PCL's current Cyclically Adjusted Price-to-FCF of 3.96 is 70% below median its 10-year median of 13.08. Over the past 10 years, this metric has ranged from a low of 5.58 to a high of 33.67. The Utilities - Independent Power Producers industry median Cyclically Adjusted Price-to-FCF is 14.24. TPC Power Holding PCL's value of 3.96 is 72.2% below this industry median. Based on the distribution chart, TPC Power Holding PCL ranks #29 out of 136 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, TPC Power Holding PCL has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TPC Power Holding PCL's Cyclically Adjusted Price-to-FCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPC Power Holding PCL ranks #29 out of 136 companies for Cyclically Adjusted Price-to-FCF. This places TPC Power Holding PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted Price-to-FCF is 14.24. TPC Power Holding PCL's value of 3.96 is 72.2% below this benchmark. Historically, TPC Power Holding PCL's own Cyclically Adjusted Price-to-FCF has ranged from 5.58 to 33.67 over the past decade. While the company's 10-year median is 13.08 vs. the industry median of 14.24, TPC Power Holding 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted Price-to-FCF among Utilities - Independent Power Producers companies is 14.24, based on 136 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. TPC Power Holding PCL's current Cyclically Adjusted Price-to-FCF of 3.96 is 72.2% 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 TPC Power Holding PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted Price-to-FCF is 14.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPC Power Holding PCL's current Cyclically Adjusted Price-to-FCF is 3.96, which is 70% below median its own 10-year median of 13.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPC Power Holding PCL stock overvalued right now?
Based on GuruFocus' analysis, TPC Power Holding PCL (BKK:TPCH-R) is currently considered Possible Value Trap. The stock's GF Value™ is ฿4.74, compared to a current price of ฿0.99 — trading 79.1% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 3.96, which is 70% below median its 10-year median of 13.08 and 72.2% below the Utilities - Independent Power Producers industry median of 14.24. TPC Power Holding PCL's overall GF Score™ is 55/100 with 4 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 TPC Power Holding PCL (BKK:TPCH-R), the current Cyclically Adjusted Price-to-FCF is 3.96 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 TPC Power Holding PCL (BKK:TPCH-R) Overvalued in 2026?

Based on GuruFocus' analysis, TPC Power Holding PCL stock appears to be undervalued. The current stock price of ฿0.99 is trading 79.1% below its estimated GF Value™ of ฿4.74. GuruFocus considers TPC Power Holding PCL to be Possible Value Trap.

Key valuation signals for BKK:TPCH-R:

  • Cyclically Adjusted Price-to-FCF: 3.96 (70% below median its 10-year median of 13.08)
  • GF Value™: ฿4.74 vs. price of ฿0.99 (79.1% below fair value)
  • GF Score™: 55/100 with 4 warning signs
  • Industry Position: 72.2% below the Utilities - Independent Power Producers median (#29 of 136)

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


TPC Power Holding PCL Business Description

Other Exchanges TPCH:Thailand
Address Prasertmanukit Road, 4/2Prasertmanukit Soi 29 Yeak 8, Chaorakhaebua, Ladprao, Bangkok, THA, 10230
TPC Power Holding PCL, along with its subsidiaries, is engaged in the business of generating and distributing electricity from various types of renewable energy sources and providing related support services. Its projects consist of the biomass power plant and other renewable power plants. The company operates in two divisions: Sale of electricity current and Sale of biogas. The majority of its revenue is generated from the sale of electricity current.
55GF Score

Get the complete analysis for BKK:TPCH-R

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

฿0.99
Price
฿4.74
GF Value