The historical rank and industry rank for Thai Airways International PCL's EV-to-FCF or its related term are showing as below:
BKK:THAI-R'
s EV-to-FCF Range Over the Past 10 Years
Min: -75.97 Med: 8.47 Max: 112.8
Current: 8.97
During the past 13 years, the highest EV-to-FCF of Thai Airways International PCL was 112.80. The lowest was -75.97. And the median was 8.47.
BKK:THAI-R's EV-to-FCF is ranked better than 68.25% of 674
companies
in the Transportation industry
Industry Median: 14.135
vs BKK:THAI-R: 8.97
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.
Thai Airways International PCL (BKK:THAI-R) 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.
Thai Airways International PCL's PE Ratio (TTM) for today is calculated as:
Thai Airways International PCL's share price for today is ฿6.00.
Thai Airways International 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 ฿1.110.
* 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.
Thai Airways International PCL EV-to-FCF Related Terms
Thai Airways International PCL EV-to-FCF Historical Data
* 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 Airlines subindustry, Thai Airways International 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.
Thai Airways International PCL EV-to-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Thai Airways International PCL's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Thai Airways International PCL's EV-to-FCF falls into.
Thai Airways International PCL's current Enterprise Value is ฿160,323 Mil.
Thai Airways International 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 ฿18,663 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 Airways International PCL (BKK:THAI-R) has a EV-to-FCF of 8.59 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Thai Airways International PCL and its competitors. This is near median its historical median of 8.47. According to the industry distribution chart, Thai Airways International PCL ranks #214 out of 674 companies in the Transportation industry, placing it in the top 31.8%.
Is Thai Airways International PCL's EV-to-FCF too high?
Thai Airways International PCL's current EV-to-FCF of 8.59 is near median its 10-year median of 8.47. The Transportation industry median EV-to-FCF is 14.14. Thai Airways International PCL's value of 8.59 is 39.2% below this industry median. Based on the distribution chart, Thai Airways International PCL ranks #214 out of 674 companies in the Transportation industry, which is above the industry midpoint. Overall, Thai Airways International PCL has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Thai Airways International PCL's EV-to-FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Thai Airways International PCL ranks #214 out of 674 companies for EV-to-FCF. This puts Thai Airways International PCL in the upper half of its industry. The industry median EV-to-FCF is 14.14. Thai Airways International PCL's value of 8.59 is 39.2% below this benchmark. While the company's 10-year median is 8.47 vs. the industry median of 14.14, Thai Airways International 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 Transportation company?
The median EV-to-FCF among Transportation companies is 14.14, based on 674 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. Thai Airways International PCL's current EV-to-FCF of 8.59 is 39.2% 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 Thai Airways International PCL and its competitors. For the Transportation industry, the median EV-to-FCF is 14.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Airways International PCL's current EV-to-FCF is 8.59, which is near median its own 10-year median of 8.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Airways International PCL stock overvalued right now?
Thai Airways International PCL (BKK:THAI-R) has a current EV-to-FCF of 8.59. The stock's GF Value™ is ฿0.33, compared to a current price of ฿6.00 — trading 1718.2% above its estimated fair value. The current EV-to-FCF is 8.59, which is near median its 10-year median of 8.47 and 39.2% below the Transportation industry median of 14.14. Thai Airways International PCL's overall GF Score™ is 37/100 with 4 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 Thai Airways International PCL (BKK:THAI-R), the current EV-to-FCF is 8.59 as of Jun. 27, 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 Airways International PCL (BKK:THAI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Airways International PCL stock appears to be overvalued.
The current stock price of ฿6.00 is trading 1718.2% above its estimated GF Value™ of ฿0.33.
Key valuation signals for BKK:THAI-R:
EV-to-FCF: 8.59 (near median its 10-year median of 8.47)
GF Value™: ฿0.33 vs. price of ฿6.00 (1718.2% above fair value)
Industry Position: 39.2% below the Transportation median (#214 of 674)
No single metric tells the full story. See the BKK:THAI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Airways International PCL Business Description
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.
37GF Score
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