Union Pioneer PCL (BKK:UPF-R) Cyclically Adjusted Price-to-FCF: 5.04 (As of Sep. 12, 2026) — 35% Below Median

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BKK:UPF-R Union Pioneer PCL BKK:UPF-R
59 GF Score
Price ฿23.99
GF Value ฿27.68
! 4 Warning Signs
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What is Union Pioneer PCL Cyclically Adjusted Price-to-FCF?

Union Pioneer PCL BKK:UPF-R +9.07% 59 Cyclically Adjusted Price-to-FCF is 5.04 as of Sep. 12, 2026, which is 35% below its 10-year median of 7.74. GuruFocus rates BKK:UPF-R with a GF Score™ of 59/100 and a GF Value™ of ฿27.68. The stock has 4 warning signs investors should review. Among 367 Manufacturing - Apparel & Accessories companies, Union Pioneer PCL ranks better than 85.56% on this metric.

As of today (2026-09-12), Union Pioneer PCL's current share price is ฿23.99474. Union Pioneer PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿4.76. Union Pioneer PCL's Cyclically Adjusted Price-to-FCF for today is 5.04.

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

BKK:UPF-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.27   Med: 7.74   Max: 14.08
Current: 5.04

During the past years, Union Pioneer PCL's highest Cyclically Adjusted Price-to-FCF was 14.08. The lowest was 4.27. And the median was 7.74.

BKK:UPF-R's Cyclically Adjusted Price-to-FCF is ranked better than
85.56% of 367 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 15.44 vs BKK:UPF-R: 5.04

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.

Union Pioneer PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿1.972. 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 ฿4.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Union Pioneer PCL  (BKK:UPF-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.


Union Pioneer PCL Cyclically Adjusted Price-to-FCF Related Terms


Union Pioneer PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Union Pioneer 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.

Union Pioneer PCL Cyclically Adjusted Price-to-FCF Chart

Union Pioneer 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 9.57 8.52 5.38 6.07 4.81

Union Pioneer 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 5.15 5.17 4.81 4.69 4.63

Union Pioneer PCL Cyclically Adjusted Price-to-FCF Competitor Comparison

For the Textile Manufacturing subindustry, Union Pioneer 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.


Union Pioneer PCL Cyclically Adjusted Price-to-FCF vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Union Pioneer PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BKK:UPF-R
59GF Score
Union Pioneer PCL BKK:UPF-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Pioneer 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.99474/4.76
=5.04

* 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.

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

For example, Union Pioneer 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)
=1.972/333.9520*333.9520
=1.972

Current CPI (Jun. 2026) = 333.9520.

Union Pioneer PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 4.533 241.428 6.270
201612 -0.116 241.432 -0.160
201703 -0.963 243.801 -1.319
201706 0.875 244.955 1.193
201709 -0.088 246.819 -0.119
201712 -1.157 246.524 -1.567
201803 2.084 249.554 2.789
201806 1.202 251.989 1.593
201809 1.245 252.439 1.647
201812 -1.241 251.233 -1.650
201903 -2.494 254.202 -3.276
201906 2.076 256.143 2.707
201909 1.950 256.759 2.536
201912 1.687 256.974 2.192
202003 1.695 258.115 2.193
202006 -0.043 257.797 -0.056
202009 4.854 260.280 6.228
202012 1.262 260.474 1.618
202103 0.411 264.877 0.518
202106 2.238 271.696 2.751
202109 0.925 274.310 1.126
202112 -2.999 278.802 -3.592
202203 1.241 287.504 1.441
202206 1.853 296.311 2.088
202209 7.174 296.808 8.072
202212 3.129 296.797 3.521
202303 1.654 301.836 1.830
202306 -0.178 305.109 -0.195
202309 1.712 307.789 1.858
202312 3.071 306.746 3.343
202403 -4.788 312.332 -5.119
202406 0.411 314.175 0.437
202409 -0.889 315.301 -0.942
202412 -3.288 315.605 -3.479
202503 0.952 319.799 0.994
202506 4.857 322.561 5.029
202509 3.775 324.800 3.881
202512 -2.987 324.054 -3.078
202603 0.984 330.213 0.995
202606 1.972 333.952 1.972

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 5.04 mean?
Union Pioneer PCL (BKK:UPF-R) has a Cyclically Adjusted Price-to-FCF of 5.04 as of Sep. 12, 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 Union Pioneer PCL and its competitors. This is 35% below median its historical median of 7.74. Over the past decade, Union Pioneer PCL's Cyclically Adjusted Price-to-FCF has ranged from 4.27 to 14.08. According to the industry distribution chart, Union Pioneer PCL ranks #53 out of 367 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 14.4%.
Is Union Pioneer PCL's Cyclically Adjusted Price-to-FCF too high?
Union Pioneer PCL's current Cyclically Adjusted Price-to-FCF of 5.04 is 35% below median its 10-year median of 7.74. Over the past 10 years, this metric has ranged from a low of 4.27 to a high of 14.08. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted Price-to-FCF is 15.44. Union Pioneer PCL's value of 5.04 is 67.4% below this industry median. Based on the distribution chart, Union Pioneer PCL ranks #53 out of 367 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Union Pioneer PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Union Pioneer PCL's Cyclically Adjusted Price-to-FCF compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Union Pioneer PCL ranks #53 out of 367 companies for Cyclically Adjusted Price-to-FCF. This places Union Pioneer PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted Price-to-FCF is 15.44. Union Pioneer PCL's value of 5.04 is 67.4% below this benchmark. Historically, Union Pioneer PCL's own Cyclically Adjusted Price-to-FCF has ranged from 4.27 to 14.08 over the past decade. While the company's 10-year median is 7.74 vs. the industry median of 15.44, Union Pioneer 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 a Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted Price-to-FCF among Manufacturing - Apparel & Accessories companies is 15.44, based on 367 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. Union Pioneer PCL's current Cyclically Adjusted Price-to-FCF of 5.04 is 67.4% 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 Union Pioneer PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted Price-to-FCF is 15.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Pioneer PCL's current Cyclically Adjusted Price-to-FCF is 5.04, which is 35% below median its own 10-year median of 7.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Pioneer PCL stock overvalued right now?
Union Pioneer PCL (BKK:UPF-R) has a current Cyclically Adjusted Price-to-FCF of 5.04. The stock's GF Value™ is ฿27.68, compared to a current price of ฿23.99 — trading 13.3% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 5.04, which is 35% below median its 10-year median of 7.74 and 67.4% below the Manufacturing - Apparel & Accessories industry median of 15.44. Union Pioneer PCL's overall GF Score™ is 59/100 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 Union Pioneer PCL (BKK:UPF-R), the current Cyclically Adjusted Price-to-FCF is 5.04 as of Sep. 12, 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 Union Pioneer PCL (BKK:UPF-R) Overvalued in 2026?

Based on GuruFocus' analysis, Union Pioneer PCL stock appears to be undervalued. The current stock price of ฿23.99 is trading 13.3% below its estimated GF Value™ of ฿27.68.

Key valuation signals for BKK:UPF-R:

  • Cyclically Adjusted Price-to-FCF: 5.04 (35% below median its 10-year median of 7.74)
  • GF Value™: ฿27.68 vs. price of ฿23.99 (13.3% below fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 67.4% below the Manufacturing - Apparel & Accessories median (#53 of 367)

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


Union Pioneer PCL Business Description

Other Exchanges UPF:Thailand
Address No.1 Soi Serithai 62, Khwaeng Minburi, Khet Minburi, Bangkok, THA, 10510
Union Pioneer PCL is principally engaged in the manufacture and distribution of finished elastic products. It offers products such as Rubber thread and tape, Elastic braid, Elastic webbing and crochet, and covering yarn, among other products. The majority of the company's products are the raw materials for other products, such as the baby-adult diaper industry, garment industry, or other uses, depending on the nature of the business of the customers. Geographically, the company derives revenue from Thailand, the United States, and other countries.
59GF Score

Get the complete analysis for BKK:UPF-R

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

฿23.99
Price
฿27.68
GF Value