Tirathai PCL (BKK:TRT-R) Cyclically Adjusted Price-to-FCF: 16.76 (As of Sep. 04, 2026) — 36% Below 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:TRT-R Tirathai PCL BKK:TRT-R
58 GF Score
Price ฿3.52
GF Value ฿0.84
! 4 Warning Signs
View Full Analysis

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

Tirathai PCL BKK:TRT-R 58 Cyclically Adjusted Price-to-FCF is 16.76 as of Sep. 04, 2026, which is 36% below its 10-year median of 26.00. GuruFocus rates BKK:TRT-R with a GF Score™ of 58/100 and a GF Value™ of ฿0.84. The stock has 4 warning signs investors should review. Among 1,072 Industrial Products companies, Tirathai PCL ranks better than 75% on this metric.

As of today (2026-09-04), Tirathai PCL's current share price is ฿3.52. Tirathai PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.21. Tirathai PCL's Cyclically Adjusted Price-to-FCF for today is 16.76.

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

BKK:TRT-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.17   Med: 26   Max: 286
Current: 17.49

During the past years, Tirathai PCL's highest Cyclically Adjusted Price-to-FCF was 286.00. The lowest was 5.17. And the median was 26.00.

BKK:TRT-R's Cyclically Adjusted Price-to-FCF is ranked better than
75% of 1072 companies
in the Industrial Products industry
Industry Median: 37.02 vs BKK:TRT-R: 17.49

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.

Tirathai PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿2.200. 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 ฿0.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tirathai PCL  (BKK:TRT-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.


Tirathai PCL Cyclically Adjusted Price-to-FCF Related Terms


Tirathai PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Tirathai 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.

Tirathai PCL Cyclically Adjusted Price-to-FCF Chart

Tirathai 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 69.15 27.30 0.00 27.99 8.03

Tirathai 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 8.23 5.23 8.03 8.28 16.96

BKK:TRT-R vs VRT, BE: Cyclically Adjusted Price-to-FCF Comparison

For the Electrical Equipment & Parts subindustry, Tirathai 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.


Tirathai PCL Cyclically Adjusted Price-to-FCF vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tirathai PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:TRT-R
58GF Score
Tirathai PCL BKK:TRT-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tirathai 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.52/0.21
=16.76

* 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.

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

For example, Tirathai 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)
=2.2/333.9520*333.9520
=2.200

Current CPI (Jun. 2026) = 333.9520.

Tirathai PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.061 241.428 -0.084
201612 0.078 241.432 0.108
201703 -0.069 243.801 -0.095
201706 0.218 244.955 0.297
201709 0.202 246.819 0.273
201712 0.565 246.524 0.765
201803 -0.429 249.554 -0.574
201806 0.151 251.989 0.200
201809 0.182 252.439 0.241
201812 0.180 251.233 0.239
201903 0.010 254.202 0.013
201906 0.121 256.143 0.158
201909 -0.141 256.759 -0.183
201912 0.912 256.974 1.185
202003 -1.148 258.115 -1.485
202006 -0.093 257.797 -0.120
202009 -0.127 260.280 -0.163
202012 0.978 260.474 1.254
202103 0.738 264.877 0.930
202106 0.125 271.696 0.154
202109 0.809 274.310 0.985
202112 -0.132 278.802 -0.158
202203 0.057 287.504 0.066
202206 -0.326 296.311 -0.367
202209 -0.401 296.808 -0.451
202212 0.220 296.797 0.248
202303 -0.372 301.836 -0.412
202306 -0.423 305.109 -0.463
202309 -0.462 307.789 -0.501
202312 0.429 306.746 0.467
202403 -0.585 312.332 -0.625
202406 0.632 314.175 0.672
202409 0.394 315.301 0.417
202412 1.943 315.605 2.056
202503 0.467 319.799 0.488
202506 0.195 322.561 0.202
202509 1.055 324.800 1.085
202512 -1.092 324.054 -1.125
202603 -0.400 330.213 -0.405
202606 2.200 333.952 2.200

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 16.76 mean?
Tirathai PCL (BKK:TRT-R) has a Cyclically Adjusted Price-to-FCF of 16.76 as of Sep. 04, 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 Tirathai PCL and its competitors. This is 36% below median its historical median of 26.00. Over the past decade, Tirathai PCL's Cyclically Adjusted Price-to-FCF has ranged from 5.17 to 286.00. According to the industry distribution chart, Tirathai PCL ranks #268 out of 1072 companies in the Industrial Products industry, placing it in the top 25%.
Is Tirathai PCL's Cyclically Adjusted Price-to-FCF too high?
Tirathai PCL's current Cyclically Adjusted Price-to-FCF of 16.76 is 36% below median its 10-year median of 26.00. Over the past 10 years, this metric has ranged from a low of 5.17 to a high of 286.00. The Industrial Products industry median Cyclically Adjusted Price-to-FCF is 37.02. Tirathai PCL's value of 16.76 is 54.7% below this industry median. Based on the distribution chart, Tirathai PCL ranks #268 out of 1072 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Tirathai PCL has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Tirathai PCL's Cyclically Adjusted Price-to-FCF compare to VRT and BE?
According to the Industrial Products industry distribution chart, Tirathai PCL ranks #268 out of 1072 companies for Cyclically Adjusted Price-to-FCF. This places Tirathai PCL in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted Price-to-FCF is 37.02. Tirathai PCL's value of 16.76 is 54.7% below this benchmark. Historically, Tirathai PCL's own Cyclically Adjusted Price-to-FCF has ranged from 5.17 to 286.00 over the past decade. While the company's 10-year median is 26.00 vs. the industry median of 37.02, Tirathai 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 Industrial Products company?
The median Cyclically Adjusted Price-to-FCF among Industrial Products companies is 37.02, based on 1,072 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. Tirathai PCL's current Cyclically Adjusted Price-to-FCF of 16.76 is 54.7% 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 Tirathai PCL and its competitors. For the Industrial Products industry, the median Cyclically Adjusted Price-to-FCF is 37.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tirathai PCL's current Cyclically Adjusted Price-to-FCF is 16.76, which is 36% below median its own 10-year median of 26.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tirathai PCL stock overvalued right now?
Tirathai PCL (BKK:TRT-R) has a current Cyclically Adjusted Price-to-FCF of 16.76. The stock's GF Value™ is ฿0.84, compared to a current price of ฿3.52 — trading 319% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 16.76, which is 36% below median its 10-year median of 26.00 and 54.7% below the Industrial Products industry median of 37.02. Tirathai PCL's overall GF Score™ is 58/100 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 Tirathai PCL (BKK:TRT-R), the current Cyclically Adjusted Price-to-FCF is 16.76 as of Sep. 04, 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 Tirathai PCL (BKK:TRT-R) Overvalued in 2026?

Based on GuruFocus' analysis, Tirathai PCL stock appears to be overvalued. The current stock price of ฿3.52 is trading 319% above its estimated GF Value™ of ฿0.84.

Key valuation signals for BKK:TRT-R:

  • Cyclically Adjusted Price-to-FCF: 16.76 (36% below median its 10-year median of 26.00)
  • GF Value™: ฿0.84 vs. price of ฿3.52 (319% above fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 54.7% below the Industrial Products median (#268 of 1072)

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


Tirathai PCL Business Description

Other Exchanges TRT:Thailand
Address 516/1 Moo 4, Sukhumvit Road, Bangpoo Industrial Estate, Amphoe Mueang, Samut Prakan, THA, 10280
Tirathai PCL is a Thailand-based company mainly involved in the business of manufacturing, repairing, and maintenance services of transformers and the sales of transformer equipment. In addition, it is also involved in general custom metalwork services. It offers Power transformers, Distribution transformers, and Special transformers. The company's operations are located in Thailand and other countries, of which key revenue is derived from Thailand.
58GF Score

Get the complete analysis for BKK:TRT-R

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

฿3.52
Price
฿0.84
GF Value