Thai Wire Products PCL (BKK:TWP-R) Cyclically Adjusted Price-to-FCF: (As of Aug. 31, 2026)

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.
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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:TWP-R Thai Wire Products PCL BKK:TWP-R
56 GF Score
Price ฿1.60
GF Value ฿1.18
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Thai Wire Products PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Wire Products PCL  (BKK:TWP-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 Wire Products PCL Cyclically Adjusted Price-to-FCF Related Terms


Thai Wire Products PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

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

Thai Wire Products 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 90.39 35.14 23.32 42.40 410.90

Thai Wire Products 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 17.21 215.18 410.90 62.34 0.00

BKK:TWP-R vs NUE, STLD, RS: Cyclically Adjusted Price-to-FCF Comparison

For the Steel subindustry, Thai Wire Products 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 Wire Products PCL Cyclically Adjusted Price-to-FCF vs Steel Industry

For the Steel industry and Basic Materials sector, Thai Wire Products PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:TWP-R
56GF Score
Thai Wire Products PCL BKK:TWP-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, Thai Wire Products 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)
=-1.226/333.9520*333.9520
=-1.226

Current CPI (Jun. 2026) = 333.9520.

Thai Wire Products PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.082 241.428 -0.113
201612 -0.202 241.432 -0.279
201703 0.035 243.801 0.048
201706 -0.079 244.955 -0.108
201709 -0.425 246.819 -0.575
201712 -0.238 246.524 -0.322
201803 0.024 249.554 0.032
201806 0.141 251.989 0.187
201809 -0.280 252.439 -0.370
201812 0.219 251.233 0.291
201903 0.305 254.202 0.401
201906 -0.421 256.143 -0.549
201909 -0.271 256.759 -0.352
201912 0.331 256.974 0.430
202003 -0.008 258.115 -0.010
202006 0.665 257.797 0.861
202009 0.198 260.280 0.254
202012 -0.108 260.474 -0.138
202103 0.084 264.877 0.106
202106 -0.841 271.696 -1.034
202109 -0.818 274.310 -0.996
202112 0.520 278.802 0.623
202203 -0.633 287.504 -0.735
202206 -0.080 296.311 -0.090
202209 0.605 296.808 0.681
202212 0.992 296.797 1.116
202303 0.320 301.836 0.354
202306 -0.146 305.109 -0.160
202309 0.273 307.789 0.296
202312 -0.038 306.746 -0.041
202403 -0.464 312.332 -0.496
202406 0.565 314.175 0.601
202409 0.097 315.301 0.103
202412 -0.440 315.605 -0.466
202503 0.470 319.799 0.491
202506 0.179 322.561 0.185
202509 -0.262 324.800 -0.269
202512 0.137 324.054 0.141
202603 0.243 330.213 0.246
202606 -1.226 333.952 -1.226

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 Thai Wire Products PCL (BKK:TWP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Wire Products PCL stock appears to be overvalued. The current stock price of ฿1.60 is trading 35.6% above its estimated GF Value™ of ฿1.18. GuruFocus considers Thai Wire Products PCL to be Significantly Overvalued.

Key valuation signals for BKK:TWP-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿1.18 vs. price of ฿1.60 (35.6% above fair value)
  • GF Score™: 56/100 with 3 warning signs

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


Thai Wire Products PCL Business Description

Other Exchanges TWP:Thailand
Address 101/88 Moo 20 Nava Nakorn Industrial Estate, Khlong Nueng, Khlong Luang, Pathum Thani, THA, 12120
Thai Wire Products PCL is a Thailand-based manufacturer and seller of high-tensile steel wire (prestressed concrete wire) for the construction industry. Additionally, its product offerings also include galvanized steel wire, cold drawn steel wire, hard drawn steel wire, ordinary low carbon steel wire, etc. Geographically, the company generates maximum revenue from its domestic region and also has some exposure to overseas markets.
56GF Score

Get the complete analysis for BKK:TWP-R

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

฿1.60
Price
฿1.18
GF Value