Harn Engineering Solutions PCL (BKK:HARN) EV-to-FCF: 4.88 (As of Aug. 01, 2026) — 40% Below Median

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:HARN Harn Engineering Solutions PCL BKK:HARN
78 GF Score
Price ฿2.08
GF Value ฿2.07
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Harn Engineering Solutions PCL EV-to-FCF?

Harn Engineering Solutions PCL BKK:HARN +0.97% 78 EV-to-FCF is 4.88 as of Aug. 01, 2026, which is 40% below its 10-year median of 8.17. GuruFocus rates BKK:HARN with a GF Score™ of 78/100 and a GF Value™ of ฿2.07 (Fairly Valued). The stock has 3 warning signs investors should review. Among 719 Business Services companies, Harn Engineering Solutions PCL ranks better than 81.08% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Harn Engineering Solutions PCL's Enterprise Value is ฿770 Mil. Harn Engineering Solutions PCL's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ฿158 Mil. Therefore, Harn Engineering Solutions PCL's EV-to-FCF for today is 4.88.

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

BKK:HARN' s EV-to-FCF Range Over the Past 10 Years
Min: -146.94   Med: 8.17   Max: 147.16
Current: 4.81

During the past 13 years, the highest EV-to-FCF of Harn Engineering Solutions PCL was 147.16. The lowest was -146.94. And the median was 8.17.

BKK:HARN's EV-to-FCF is ranked better than
81.08% of 719 companies
in the Business Services industry
Industry Median: 12.86 vs BKK:HARN: 4.81

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 (2026-08-01), Harn Engineering Solutions PCL's stock price is ฿2.08. Harn Engineering Solutions PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿0.179. Therefore, Harn Engineering Solutions PCL's PE Ratio (TTM) for today is 11.62.


Harn Engineering Solutions PCL  (BKK:HARN) 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.

Harn Engineering Solutions PCL's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2.08/0.179
=11.62

Harn Engineering Solutions PCL's share price for today is ฿2.08.
Harn Engineering Solutions 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 ฿0.179.

* 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.


Harn Engineering Solutions PCL EV-to-FCF Related Terms


Harn Engineering Solutions PCL EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Harn Engineering Solutions 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.

Harn Engineering Solutions PCL EV-to-FCF Chart

Harn Engineering Solutions 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 23.20 12.96 5.31 8.42 3.51

Harn Engineering Solutions 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 6.99 8.21 7.26 3.51 4.66

BKK:HARN vs ALLE, MSA, ADT: EV-to-FCF Comparison

For the Security & Protection Services subindustry, Harn Engineering Solutions 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.


Harn Engineering Solutions PCL EV-to-FCF vs Business Services Industry

For the Business Services industry and Industrials sector, Harn Engineering Solutions PCL's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Harn Engineering Solutions PCL's EV-to-FCF falls into.


BKK:HARN
78GF Score
Harn Engineering Solutions PCL BKK:HARN
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harn Engineering Solutions PCL EV-to-FCF Calculation

Harn Engineering Solutions PCL's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=769.979/157.648
=4.88

Harn Engineering Solutions PCL's current Enterprise Value is ฿770 Mil.
Harn Engineering Solutions 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 ฿158 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 4.88 mean?
Harn Engineering Solutions PCL (BKK:HARN) has a EV-to-FCF of 4.88 as of Aug. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Harn Engineering Solutions PCL and its competitors. This is 40% below median its historical median of 8.17. According to the industry distribution chart, Harn Engineering Solutions PCL ranks #136 out of 719 companies in the Business Services industry, placing it in the top 18.9%.
Is Harn Engineering Solutions PCL's EV-to-FCF too high?
Harn Engineering Solutions PCL's current EV-to-FCF of 4.88 is 40% below median its 10-year median of 8.17. The Business Services industry median EV-to-FCF is 12.86. Harn Engineering Solutions PCL's value of 4.88 is 62.1% below this industry median. Based on the distribution chart, Harn Engineering Solutions PCL ranks #136 out of 719 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Harn Engineering Solutions PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harn Engineering Solutions PCL's EV-to-FCF compare to ALLE and MSA?
According to the Business Services industry distribution chart, Harn Engineering Solutions PCL ranks #136 out of 719 companies for EV-to-FCF. This places Harn Engineering Solutions PCL in the top 19% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 12.86. Harn Engineering Solutions PCL's value of 4.88 is 62.1% below this benchmark. While the company's 10-year median is 8.17 vs. the industry median of 12.86, Harn Engineering Solutions 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-FCF for a Business Services company?
The median EV-to-FCF among Business Services companies is 12.86, based on 719 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. Harn Engineering Solutions PCL's current EV-to-FCF of 4.88 is 62.1% 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-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 Harn Engineering Solutions PCL and its competitors. For the Business Services industry, the median EV-to-FCF is 12.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harn Engineering Solutions PCL's current EV-to-FCF is 4.88, which is 40% below median its own 10-year median of 8.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harn Engineering Solutions PCL stock overvalued right now?
Based on GuruFocus' analysis, Harn Engineering Solutions PCL (BKK:HARN) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.07, compared to a current price of ฿2.08 — trading 0.5% above its estimated fair value. The current EV-to-FCF is 4.88, which is 40% below median its 10-year median of 8.17 and 62.1% below the Business Services industry median of 12.86. Harn Engineering Solutions PCL's overall GF Score™ is 78/100 with 3 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 Harn Engineering Solutions PCL (BKK:HARN), the current EV-to-FCF is 4.88 as of Aug. 01, 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 Harn Engineering Solutions PCL (BKK:HARN) Overvalued in 2026?

Based on GuruFocus' analysis, Harn Engineering Solutions PCL stock appears to be overvalued. The current stock price of ฿2.08 is trading 0.5% above its estimated GF Value™ of ฿2.07. GuruFocus considers Harn Engineering Solutions PCL to be Fairly Valued.

Key valuation signals for BKK:HARN:

  • EV-to-FCF: 4.88 (40% below median its 10-year median of 8.17)
  • GF Value™: ฿2.07 vs. price of ฿2.08 (0.5% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 62.1% below the Business Services median (#136 of 719)

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


Harn Engineering Solutions PCL Business Description

Address 559 Soi Soonvijai 4, Rama 9 Road, Bangkapi, Huaykwang, Bangkok, THA, 10310
Harn Engineering Solutions PCL is engaged in wholesaling, retailing, repairing, renting, leasing, contracting, and installing fire protection systems and fire suppression agents, as well as trading cold storage devices and printing equipment. The company operates in six segments, namely Fire Protection Products and Project segment, which contributes the majority of revenue, Sanitary and Air-Conditioning System, Refrigeration System, Digital Printing System, Building IoT Solutions, and Products of Medical 3D Printing Systems.
78GF Score

Get the complete analysis for BKK:HARN

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

฿2.08
Price
฿2.07
GF Value