Thai Polycons PCL (BKK:TPOLY-R) Cyclically Adjusted Price-to-FCF: (As of Sep. 12, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Thai Polycons PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Polycons PCL  (BKK:TPOLY-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 Polycons PCL Cyclically Adjusted Price-to-FCF Related Terms


Thai Polycons PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Thai Polycons 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 Polycons PCL Cyclically Adjusted Price-to-FCF Chart

Thai Polycons PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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Thai Polycons 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

BKK:TPOLY-R vs PWR, FIX, EME: Cyclically Adjusted Price-to-FCF Comparison

For the Engineering & Construction subindustry, Thai Polycons 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 Polycons PCL Cyclically Adjusted Price-to-FCF vs Construction Industry

For the Construction industry and Industrials sector, Thai Polycons PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

For example, Thai Polycons 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)
=0.294/333.9520*333.9520
=0.294

Current CPI (Jun. 2026) = 333.9520.

Thai Polycons PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.261 241.428 -0.361
201612 0.042 241.432 0.058
201703 0.069 243.801 0.095
201706 -0.138 244.955 -0.188
201709 -0.028 246.819 -0.038
201712 -0.142 246.524 -0.192
201803 0.146 249.554 0.195
201806 -0.353 251.989 -0.468
201809 -0.089 252.439 -0.118
201812 0.115 251.233 0.153
201903 -0.344 254.202 -0.452
201906 -0.354 256.143 -0.462
201909 -0.651 256.759 -0.847
201912 -0.963 256.974 -1.251
202003 -0.697 258.115 -0.902
202006 -0.547 257.797 -0.709
202009 0.607 260.280 0.779
202012 0.346 260.474 0.444
202103 -0.054 264.877 -0.068
202106 -0.280 271.696 -0.344
202109 0.188 274.310 0.229
202112 -0.203 278.802 -0.243
202203 -0.343 287.504 -0.398
202206 -0.156 296.311 -0.176
202209 0.005 296.808 0.006
202212 0.087 296.797 0.098
202303 -0.067 301.836 -0.074
202306 0.362 305.109 0.396
202309 0.201 307.789 0.218
202312 -0.136 306.746 -0.148
202403 0.214 312.332 0.229
202406 0.280 314.175 0.298
202409 0.204 315.301 0.216
202412 0.224 315.605 0.237
202503 0.368 319.799 0.384
202506 0.380 322.561 0.393
202509 0.151 324.800 0.155
202512 0.610 324.054 0.629
202603 0.356 330.213 0.360
202606 0.294 333.952 0.294

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.


Thai Polycons PCL Business Description

Other Exchanges TPOLY:Thailand
Address Prasertmanukit Road, 2, 4 Prasertmanukit Soi 29 Yeak 8, Chaorakhebua, Ladprao, Ladprao, Bangkok, THA, 10230
Thai Polycons PCL is engaged in construction contractor business. The company's segments include Construction contractor; Electricity current selling; Sale of biogas; Real estate Selling; and Sales and service. The majority of the revenue is derived from Construction contractor segment.