TPI Polene Power PCL (BKK:TPIPP-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:TPIPP-R TPI Polene Power PCL BKK:TPIPP-R
64 GF Score
Price ฿1.76
GF Value ฿2.23
Valuation Modestly Undervalued
! 10 Warning Signs
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What is TPI Polene Power PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


TPI Polene Power PCL  (BKK:TPIPP-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.


TPI Polene Power PCL Cyclically Adjusted Price-to-FCF Related Terms


TPI Polene Power PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for TPI Polene Power 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.

TPI Polene Power PCL Cyclically Adjusted Price-to-FCF Chart

TPI Polene Power PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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TPI Polene Power 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 0.00 0.00 0.00

TPI Polene Power PCL Cyclically Adjusted Price-to-FCF Competitor Comparison

For the Utilities - Renewable subindustry, TPI Polene Power 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.


TPI Polene Power PCL Cyclically Adjusted Price-to-FCF vs Utilities - Independent Power Producers Industry

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

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


BKK:TPIPP-R
64GF Score
TPI Polene Power PCL BKK:TPIPP-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TPI Polene Power 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.

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

For example, TPI Polene Power 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)
=0.004/333.9520*333.9520
=0.004

Current CPI (Jun. 2026) = 333.9520.

TPI Polene Power PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 -0.137 243.801 -0.188
201706 -0.073 244.955 -0.100
201709 -0.065 246.819 -0.088
201712 -0.050 246.524 -0.068
201803 -0.107 249.554 -0.143
201806 -0.007 251.989 -0.009
201809 -0.016 252.439 -0.021
201812 0.011 251.233 0.015
201903 -0.120 254.202 -0.158
201906 -0.019 256.143 -0.025
201909 -0.039 256.759 -0.051
201912 -0.097 256.974 -0.126
202003 -0.272 258.115 -0.352
202006 0.079 257.797 0.102
202009 -0.003 260.280 -0.004
202012 0.047 260.474 0.060
202103 0.058 264.877 0.073
202106 0.066 271.696 0.081
202109 -0.084 274.310 -0.102
202112 0.118 278.802 0.141
202203 -0.047 287.504 -0.055
202206 -0.020 296.311 -0.023
202209 0.049 296.808 0.055
202212 0.083 296.797 0.093
202303 -0.174 301.836 -0.193
202306 0.024 305.109 0.026
202309 0.033 307.789 0.036
202312 -0.083 306.746 -0.090
202403 0.102 312.332 0.109
202406 -0.215 314.175 -0.229
202409 -0.084 315.301 -0.089
202412 -0.109 315.605 -0.115
202503 0.065 319.799 0.068
202506 0.019 322.561 0.020
202509 -0.028 324.800 -0.029
202512 -0.026 324.054 -0.027
202603 -0.058 330.213 -0.059
202606 0.004 333.952 0.004

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 TPI Polene Power PCL (BKK:TPIPP-R) Overvalued in 2026?

Based on GuruFocus' analysis, TPI Polene Power PCL stock appears to be undervalued. The current stock price of ฿1.76 is trading 21.1% below its estimated GF Value™ of ฿2.23. GuruFocus considers TPI Polene Power PCL to be Modestly Undervalued.

Key valuation signals for BKK:TPIPP-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿2.23 vs. price of ฿1.76 (21.1% below fair value)
  • GF Score™: 64/100 with 10 warning signs

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


TPI Polene Power PCL Business Description

Other Exchanges TPIPP:Thailand
Address Chan Tat Mai Road, 26/56, TPI Tower, Tungmahamek, Sathorn, Bangkok, THA, 10120
TPI Polene Power PCL is engaged in manufacturing and distributing electricity and refuse-derived fuel, organics waste, and distributing diesel and natural gas. The company is engaged in two segments which are Energy and utilities, Petrol and gas stations. It derives maximum revenue from Energy & Utilities segment. Geographically, the company operates in Thailand.
64GF Score

Get the complete analysis for BKK:TPIPP-R

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

฿1.76
Price
฿2.23
GF Value