Vanachai Group PCL (BKK:VNG-R) Cyclically Adjusted Price-to-FCF: 197.00 (As of Sep. 02, 2026) — 1121% Above Median

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BKK:VNG-R Vanachai Group PCL BKK:VNG-R
62 GF Score
Price ฿1.97
GF Value ฿2.02
Valuation Fairly Valued
! 7 Warning Signs
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What is Vanachai Group PCL Cyclically Adjusted Price-to-FCF?

Vanachai Group PCL BKK:VNG-R 62 Cyclically Adjusted Price-to-FCF is 197.00 as of Sep. 02, 2026, which is 1121% above its 10-year median of 16.14. GuruFocus rates BKK:VNG-R with a GF Score™ of 62/100 and a GF Value™ of ฿2.02 (Fairly Valued). The stock has 7 warning signs investors should review. Among 121 Forest Products companies, Vanachai Group PCL ranks worse than 95.04% on this metric.

As of today (2026-09-02), Vanachai Group PCL's current share price is ฿1.97. Vanachai Group PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.01. Vanachai Group PCL's Cyclically Adjusted Price-to-FCF for today is 197.00.

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

BKK:VNG-R' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.48   Med: 16.14   Max: 212
Current: 178.67

During the past years, Vanachai Group PCL's highest Cyclically Adjusted Price-to-FCF was 212.00. The lowest was 6.48. And the median was 16.14.

BKK:VNG-R's Cyclically Adjusted Price-to-FCF is ranked worse than
95.04% of 121 companies
in the Forest Products industry
Industry Median: 15.15 vs BKK:VNG-R: 178.67

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.

Vanachai Group PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿-0.199. 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 ฿0.01 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vanachai Group PCL  (BKK:VNG-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.


Vanachai Group PCL Cyclically Adjusted Price-to-FCF Related Terms


Vanachai Group PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Vanachai Group 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.

Vanachai Group PCL Cyclically Adjusted Price-to-FCF Chart

Vanachai Group 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 32.64 18.88 15.37 11.14 17.62

Vanachai Group 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 9.53 19.28 17.62 22.84 180.49

BKK:VNG-R vs SSD, UFPI, BCC: Cyclically Adjusted Price-to-FCF Comparison

For the Lumber & Wood Production subindustry, Vanachai Group 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.


Vanachai Group PCL Cyclically Adjusted Price-to-FCF vs Forest Products Industry

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

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


BKK:VNG-R
62GF Score
Vanachai Group PCL BKK:VNG-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vanachai Group 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.97/0.01
=197.00

* 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.

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

For example, Vanachai Group 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)
=-0.199/333.9520*333.9520
=-0.199

Current CPI (Jun. 2026) = 333.9520.

Vanachai Group PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.355 241.428 0.491
201612 0.002 241.432 0.003
201703 -0.229 243.801 -0.314
201706 0.205 244.955 0.279
201709 0.267 246.819 0.361
201712 -0.312 246.524 -0.423
201803 -0.246 249.554 -0.329
201806 -0.125 251.989 -0.166
201809 -0.267 252.439 -0.353
201812 -0.544 251.233 -0.723
201903 -0.314 254.202 -0.413
201906 -0.150 256.143 -0.196
201909 -0.149 256.759 -0.194
201912 -0.025 256.974 -0.032
202003 -0.198 258.115 -0.256
202006 0.039 257.797 0.051
202009 -0.256 260.280 -0.328
202012 -0.008 260.474 -0.010
202103 0.244 264.877 0.308
202106 0.346 271.696 0.425
202109 0.202 274.310 0.246
202112 0.156 278.802 0.187
202203 0.239 287.504 0.278
202206 -0.069 296.311 -0.078
202209 0.419 296.808 0.471
202212 0.190 296.797 0.214
202303 0.292 301.836 0.323
202306 -0.036 305.109 -0.039
202309 0.091 307.789 0.099
202312 0.153 306.746 0.167
202403 0.279 312.332 0.298
202406 0.487 314.175 0.518
202409 0.038 315.301 0.040
202412 0.278 315.605 0.294
202503 -0.070 319.799 -0.073
202506 0.010 322.561 0.010
202509 -0.530 324.800 -0.545
202512 -0.228 324.054 -0.235
202603 -0.046 330.213 -0.047
202606 -0.199 333.952 -0.199

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 197.00 mean?
Vanachai Group PCL (BKK:VNG-R) has a Cyclically Adjusted Price-to-FCF of 197.00 as of Sep. 02, 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 Vanachai Group PCL and its competitors. This is 1121% above median its historical median of 16.14. Over the past decade, Vanachai Group PCL's Cyclically Adjusted Price-to-FCF has ranged from 6.48 to 212.00. According to the industry distribution chart, Vanachai Group PCL ranks #115 out of 121 companies in the Forest Products industry, placing it in the top 95%.
Is Vanachai Group PCL's Cyclically Adjusted Price-to-FCF too high?
Vanachai Group PCL's current Cyclically Adjusted Price-to-FCF of 197.00 is 1121% above median its 10-year median of 16.14. Over the past 10 years, this metric has ranged from a low of 6.48 to a high of 212.00. The Forest Products industry median Cyclically Adjusted Price-to-FCF is 15.15. Vanachai Group PCL's value of 197.00 is 1200.3% above this industry median. Based on the distribution chart, Vanachai Group PCL ranks #115 out of 121 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Vanachai Group PCL has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vanachai Group PCL's Cyclically Adjusted Price-to-FCF compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Vanachai Group PCL ranks #115 out of 121 companies for Cyclically Adjusted Price-to-FCF. This places Vanachai Group PCL in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 15.15. Vanachai Group PCL's value of 197.00 is 1200.3% above this benchmark. Historically, Vanachai Group PCL's own Cyclically Adjusted Price-to-FCF has ranged from 6.48 to 212.00 over the past decade. While the company's 10-year median is 16.14 vs. the industry median of 15.15, Vanachai Group PCL has consistently been above 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 Forest Products company?
The median Cyclically Adjusted Price-to-FCF among Forest Products companies is 15.15, based on 121 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. Vanachai Group PCL's current Cyclically Adjusted Price-to-FCF of 197.00 is 1200.3% above 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 Vanachai Group PCL and its competitors. For the Forest Products industry, the median Cyclically Adjusted Price-to-FCF is 15.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vanachai Group PCL's current Cyclically Adjusted Price-to-FCF is 197.00, which is 1121% above median its own 10-year median of 16.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vanachai Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Vanachai Group PCL (BKK:VNG-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.02, compared to a current price of ฿1.97 — trading 2.5% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 197.00, which is 1121% above median its 10-year median of 16.14 and 1200.3% above the Forest Products industry median of 15.15. Vanachai Group PCL's overall GF Score™ is 62/100 with 7 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 Vanachai Group PCL (BKK:VNG-R), the current Cyclically Adjusted Price-to-FCF is 197.00 as of Sep. 02, 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 Vanachai Group PCL (BKK:VNG-R) Overvalued in 2026?

Based on GuruFocus' analysis, Vanachai Group PCL stock appears to be undervalued. The current stock price of ฿1.97 is trading 2.5% below its estimated GF Value™ of ฿2.02. GuruFocus considers Vanachai Group PCL to be Fairly Valued.

Key valuation signals for BKK:VNG-R:

  • Cyclically Adjusted Price-to-FCF: 197.00 (1121% above median its 10-year median of 16.14)
  • GF Value™: ฿2.02 vs. price of ฿1.97 (2.5% below fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 1200.3% above the Forest Products median (#115 of 121)

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


Vanachai Group PCL Business Description

Other Exchanges VNG:Thailand
Address 2/1 Wongsawang Road, Wongsawang, Bangsue District, Bangkok, THA, 10800
Vanachai Group PCL is a Thailand-based company. The principal activities of the company and its subsidiaries involve the production and distribution of wood plates, MDF boards, Particle boards, Doorskin, and Malamine on wood plates. The company creates wood-based goods such as particleboards, medium-density fiberboards (MDF boards), Doorskin, and melamine laminated particleboards, which are distributed to both domestic and international markets. It also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.
62GF Score

Get the complete analysis for BKK:VNG-R

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

฿1.97
Price
฿2.02
GF Value