Gulf Development PCL (BKK:GULF) EV-to-FCF: -622.52 (As of Jul. 29, 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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:GULF Gulf Development PCL BKK:GULF
15 GF Score
Price ฿65.25
! 12 Warning Signs
View Full Analysis

What is Gulf Development PCL EV-to-FCF?

Gulf Development PCL BKK:GULF -1.14% 15 EV-to-FCF is -622.52 as of Jul. 29, 2026. GuruFocus rates BKK:GULF with a GF Score™ of 15/100. The stock has 12 warning signs investors should review. Among 236 Utilities - Independent Power Producers companies, Gulf Development PCL ranks worse than 423728.39% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Gulf Development PCL's Enterprise Value is ฿1,356,902 Mil. Gulf Development PCL's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ฿-2,180 Mil. Therefore, Gulf Development PCL's EV-to-FCF for today is -622.52.

The historical rank and industry rank for Gulf Development PCL's EV-to-FCF or its related term are showing as below:

BKK:GULF' s EV-to-FCF Range Over the Past 10 Years
Min: -637.95   Med: -100.38   Max: 36657.9
Current: -627.67

During the past 12 years, the highest EV-to-FCF of Gulf Development PCL was 36657.90. The lowest was -637.95. And the median was -100.38.

BKK:GULF's EV-to-FCF is ranked worse than
100% of 236 companies
in the Utilities - Independent Power Producers industry
Industry Median: 15.425 vs BKK:GULF: -627.67

EV-to-FCF 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.

As of today (2026-07-29), Gulf Development PCL's stock price is ฿65.25. Gulf Development PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿5.970. Therefore, Gulf Development PCL's PE Ratio (TTM) for today is 10.93.


Gulf Development PCL  (BKK:GULF) EV-to-FCF Explanation

EV-to-FCF 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.

Gulf Development PCL's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=65.25/5.970
=10.93

Gulf Development PCL's share price for today is ฿65.25.
Gulf Development 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 ฿5.970.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Gulf Development PCL EV-to-FCF Related Terms


Gulf Development PCL EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Gulf Development PCL's EV-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.

Gulf Development PCL EV-to-FCF Chart

Gulf Development PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Gulf Development PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-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 0.00 -140.97 35,455.95 0.00 -581.40

BKK:GULF vs CEG, VST, NRG: EV-to-FCF Comparison

For the Utilities - Independent Power Producers subindustry, Gulf Development PCL's EV-to-FCF, along with its competitors' market caps and EV-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.


Gulf Development PCL EV-to-FCF vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Gulf Development PCL's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Gulf Development PCL's EV-to-FCF falls into.


BKK:GULF
15GF Score
Gulf Development PCL BKK:GULF
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Development PCL EV-to-FCF Calculation

Gulf Development PCL's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1356902.115/-2179.677
=-622.52

Gulf Development PCL's current Enterprise Value is ฿1,356,902 Mil.
Gulf Development PCL's Free Cash Flow 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 ฿-2,180 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of -622.52 mean?
Gulf Development PCL (BKK:GULF) has a EV-to-FCF of -622.52 as of Jul. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Gulf Development PCL and its competitors. According to the industry distribution chart, Gulf Development PCL ranks #999999 out of 236 companies in the Utilities - Independent Power Producers industry.
Is Gulf Development PCL's EV-to-FCF too high?
Gulf Development PCL's current EV-to-FCF is -622.52. Based on the distribution chart, Gulf Development PCL ranks #999999 out of 236 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Gulf Development PCL has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Development PCL's EV-to-FCF compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Gulf Development PCL ranks #999999 out of 236 companies for EV-to-FCF. This places Gulf Development PCL in the lower half of its industry. The industry median EV-to-FCF is 15.43. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Utilities - Independent Power Producers company?
The median EV-to-FCF among Utilities - Independent Power Producers companies is 15.43, based on 236 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Gulf Development PCL and its competitors. For the Utilities - Independent Power Producers industry, the median EV-to-FCF is 15.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Development PCL's current EV-to-FCF is -622.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Development PCL stock overvalued right now?
Gulf Development PCL (BKK:GULF) has a current EV-to-FCF of -622.52. The current EV-to-FCF is -622.52. Gulf Development PCL's overall GF Score™ is 15/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Gulf Development PCL (BKK:GULF), the current EV-to-FCF is -622.52 as of Jul. 29, 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.

Gulf Development PCL Business Description

Other Exchanges GULF-F:Thailand
Address Wireless Road, 87 M. Thai Tower 11th Floor, All Seasons Place, Lumpini, Pathumwan, Bangkok, THA, 10330
Gulf Development PCL is a Thailand-based company mainly involved in the electricity-generating business. The group's principal operations are to generate and sell electricity and steam, store and convert natural gas from liquid to gas, provide satellite services, and operate other businesses in domestic and international markets. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The group's reportable segments are: Power business (which generates maximum revenue), Consulting business, Infrastructure business, and Satellite and digital business. Geographically, it derives maximum revenue from Thailand.
15GF Score

Get the complete analysis for BKK:GULF

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

฿65.25
Price