Thai Oil PCLTOIPF 77 EV-to-OCF is 2.73 as of Jul. 12, 2026, which is 66% below its 10-year median of 7.92. GuruFocus rates TOIPF with a GF Score™ of 77/100 and a GF Value™ of $1.03 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,012 Oil & Gas companies, Thai Oil PCL ranks better than 65.51% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Thai Oil PCL's Enterprise Value is $5,206 Mil.
Thai Oil PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $1,904 Mil. Therefore, Thai Oil PCL's EV-to-OCF for today is 2.73.
The historical rank and industry rank for Thai Oil PCL's EV-to-OCF or its related term are showing as below:
TOIPF'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.66 Med: 7.92 Max: 91.33
Current: 2.87
During the past 13 years, the highest EV-to-OCF of Thai Oil PCL was 91.33. The lowest was 2.66. And the median was 7.92.
TOIPF's EV-to-OCF is ranked better than 65.51% of 1012
companies
in the Oil & Gas industry
Industry Median: 5.705
vs TOIPF: 2.87
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Thai Oil PCL's PE Ratio (TTM) for today is calculated as:
Thai Oil PCL's share price for today is $1.25.
Thai Oil PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.424.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Thai Oil PCL EV-to-OCF Related Terms
Thai Oil PCL EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Thai Oil PCL's EV-to-OCF 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.
For the Oil & Gas Refining & Marketing subindustry, Thai Oil PCL's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 Oil PCL EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Thai Oil PCL's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Thai Oil PCL's EV-to-OCF falls into.
Thai Oil PCL's current Enterprise Value is $5,206 Mil.
Thai Oil PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,904 Mil.
* 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 Oil PCL (TOIPF) has a EV-to-OCF of 2.73 as of Jul. 12, 2026. This is 66% below median its historical median of 7.92. Over the past decade, Thai Oil PCL's EV-to-OCF has ranged from 2.66 to 91.33. According to the industry distribution chart, Thai Oil PCL ranks #349 out of 1012 companies in the Oil & Gas industry, placing it in the top 34.5%.
Is Thai Oil PCL's EV-to-OCF too high?
Thai Oil PCL's current EV-to-OCF of 2.73 is 66% below median its 10-year median of 7.92. Over the past 10 years, this metric has ranged from a low of 2.66 to a high of 91.33. The Oil & Gas industry median EV-to-OCF is 5.71. Thai Oil PCL's value of 2.73 is 52.1% below this industry median. Based on the distribution chart, Thai Oil PCL ranks #349 out of 1012 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Thai Oil PCL has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Oil PCL's EV-to-OCF compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Thai Oil PCL ranks #349 out of 1012 companies for EV-to-OCF. This puts Thai Oil PCL in the upper half of its industry. The industry median EV-to-OCF is 5.71. Thai Oil PCL's value of 2.73 is 52.1% below this benchmark. Historically, Thai Oil PCL's own EV-to-OCF has ranged from 2.66 to 91.33 over the past decade. While the company's 10-year median is 7.92 vs. the industry median of 5.71, Thai Oil 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 EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.71, based on 1,012 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai Oil PCL's current EV-to-OCF of 2.73 is 52.1% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Oil PCL's current EV-to-OCF is 2.73, which is 66% below median its own 10-year median of 7.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Oil PCL (TOIPF) is currently considered Significantly Undervalued. The stock's GF Value™ is $1.03, compared to a current price of $1.25 — trading 21.4% above its estimated fair value. The current EV-to-OCF is 2.73, which is 66% below median its 10-year median of 7.92 and 52.1% below the Oil & Gas industry median of 5.71. Thai Oil PCL's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Thai Oil PCL (TOIPF), the current EV-to-OCF is 2.73 as of Jul. 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 Thai Oil PCL (TOIPF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Oil PCL stock appears to be overvalued.
The current stock price of $1.25 is trading 21.4% above its estimated GF Value™ of $1.03.
GuruFocus considers Thai Oil PCL to be Significantly Undervalued.
Key valuation signals for TOIPF:
EV-to-OCF: 2.73 (66% below median its 10-year median of 7.92)
GF Value™: $1.03 vs. price of $1.25 (21.4% above fair value)
Industry Position: 52.1% below the Oil & Gas median (#349 of 1012)
No single metric tells the full story. See the TOIPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Oil PCL operates an integrated business in oil refining and petrochemicals business. The company is engaged in oil refinery and distribution, petrochemicals, lube base oil and other businesses in domestic and overseas. It operates in the following reportable segments: Oil refinery, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. The majority of the company's revenue is derived from the Oil refinery segment. Geographically, it generates the maximum revenue from Thailand, followed by Indonesia and other countries.
77GF Score
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