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True PCL (BKK:TRUE-F) Cyclically Adjusted Price-to-FCF : (As of Jul. 13, 2025)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


True PCL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for True 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.

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True PCL Cyclically Adjusted Price-to-FCF Chart

True PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
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True PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of True PCL's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, True 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.


True PCL's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, True PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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True 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.

True PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, True PCL's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.038/134.9266*134.9266
=-0.038

Current CPI (Mar. 2025) = 134.9266.

True PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.335 100.684 -0.449
201509 -0.364 100.392 -0.489
201512 -1.425 99.792 -1.927
201603 -0.610 100.470 -0.819
201606 -0.345 101.688 -0.458
201609 -0.209 101.861 -0.277
201612 -0.167 101.863 -0.221
201703 -0.523 102.862 -0.686
201706 -0.248 103.349 -0.324
201709 -0.213 104.136 -0.276
201712 -0.293 104.011 -0.380
201803 -0.442 105.290 -0.566
201806 0.780 106.317 0.990
201809 -0.217 106.507 -0.275
201812 -1.027 105.998 -1.307
201903 -0.314 107.251 -0.395
201906 -0.334 108.070 -0.417
201909 -0.140 108.329 -0.174
201912 -0.188 108.420 -0.234
202003 -1.074 108.902 -1.331
202006 0.298 108.767 0.370
202009 0.103 109.815 0.127
202012 -0.361 109.897 -0.443
202103 -0.484 111.754 -0.584
202106 -0.200 114.631 -0.235
202109 0.002 115.734 0.002
202112 -0.114 117.630 -0.131
202203 -0.362 121.301 -0.403
202206 -0.012 125.017 -0.013
202209 -0.129 125.227 -0.139
202212 -0.128 125.222 -0.138
202303 -0.243 127.348 -0.257
202306 -0.145 128.729 -0.152
202309 0.071 129.860 0.074
202312 0.000 129.419 0.000
202403 0.023 131.776 0.024
202406 0.299 132.554 0.304
202409 0.354 133.029 0.359
202412 0.217 133.157 0.220
202503 -0.038 134.927 -0.038

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.


True PCL  (BKK:TRUE-F) 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.


True PCL Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of True PCL's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


True PCL Business Description

Traded in Other Exchanges
Address
18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, THA, 10310
True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband internet and others. The majority of revenue is derived from Mobile, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband internet and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand.

True PCL Headlines

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