Varopakorn PCL (BKK:VARO) EV-to-FCF: 14.59 (As of Jul. 28, 2026) — 524% Above 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:VARO Varopakorn PCL BKK:VARO
66 GF Score
Price ฿3.96
GF Value ฿3.90
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Varopakorn PCL EV-to-FCF?

Varopakorn PCL BKK:VARO -0.50% 66 EV-to-FCF is 14.59 as of Jul. 28, 2026, which is 524% above its 10-year median of 2.34. GuruFocus rates BKK:VARO with a GF Score™ of 66/100 and a GF Value™ of ฿3.90 (Fairly Valued). The stock has 8 warning signs investors should review. Among 447 Metals & Mining companies, Varopakorn PCL ranks better than 58.39% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Varopakorn PCL's Enterprise Value is ฿1,444 Mil. Varopakorn PCL's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ฿99 Mil. Therefore, Varopakorn PCL's EV-to-FCF for today is 14.59.

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

BKK:VARO' s EV-to-FCF Range Over the Past 10 Years
Min: -127.2   Med: 2.34   Max: 728.53
Current: 14.61

During the past 13 years, the highest EV-to-FCF of Varopakorn PCL was 728.53. The lowest was -127.20. And the median was 2.34.

BKK:VARO's EV-to-FCF is ranked better than
58.39% of 447 companies
in the Metals & Mining industry
Industry Median: 18.79 vs BKK:VARO: 14.61

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 (2026-07-28), Varopakorn PCL's stock price is ฿3.96. Varopakorn PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿0.660. Therefore, Varopakorn PCL's PE Ratio (TTM) for today is 6.00.


Varopakorn PCL  (BKK:VARO) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=3.96/0.660
=6.00

Varopakorn PCL's share price for today is ฿3.96.
Varopakorn 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 ฿0.660.

* 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.


Varopakorn PCL EV-to-FCF Related Terms


Varopakorn PCL EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Varopakorn 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.

Varopakorn PCL EV-to-FCF Chart

Varopakorn 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 -2.71 5.22 83.37 -50.07 4.88

Varopakorn 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 -9.52 692.13 2.44 4.88 14.96

BKK:VARO vs AA, CENX, CSTM: EV-to-FCF Comparison

For the Aluminum subindustry, Varopakorn 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.


Varopakorn PCL EV-to-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Varopakorn PCL's EV-to-FCF distribution charts can be found below:

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


BKK:VARO
66GF Score
Varopakorn PCL BKK:VARO
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Varopakorn PCL EV-to-FCF Calculation

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

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1443.828/98.943
=14.59

Varopakorn PCL's current Enterprise Value is ฿1,444 Mil.
Varopakorn 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 ฿99 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 14.59 mean?
Varopakorn PCL (BKK:VARO) has a EV-to-FCF of 14.59 as of Jul. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Varopakorn PCL and its competitors. This is 524% above median its historical median of 2.34. According to the industry distribution chart, Varopakorn PCL ranks #186 out of 447 companies in the Metals & Mining industry, placing it in the top 41.6%.
Is Varopakorn PCL's EV-to-FCF too high?
Varopakorn PCL's current EV-to-FCF of 14.59 is 524% above median its 10-year median of 2.34. The Metals & Mining industry median EV-to-FCF is 18.79. Varopakorn PCL's value of 14.59 is 22.4% below this industry median. Based on the distribution chart, Varopakorn PCL ranks #186 out of 447 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Varopakorn PCL has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Varopakorn PCL's EV-to-FCF compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Varopakorn PCL ranks #186 out of 447 companies for EV-to-FCF. This puts Varopakorn PCL in the upper half of its industry. The industry median EV-to-FCF is 18.79. Varopakorn PCL's value of 14.59 is 22.4% below this benchmark. While the company's 10-year median is 2.34 vs. the industry median of 18.79, Varopakorn 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 Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 18.79, based on 447 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. Varopakorn PCL's current EV-to-FCF of 14.59 is 22.4% 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 Varopakorn PCL and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 18.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varopakorn PCL's current EV-to-FCF is 14.59, which is 524% above median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varopakorn PCL stock overvalued right now?
Based on GuruFocus' analysis, Varopakorn PCL (BKK:VARO) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.90, compared to a current price of ฿3.96 — trading 1.5% above its estimated fair value. The current EV-to-FCF is 14.59, which is 524% above median its 10-year median of 2.34 and 22.4% below the Metals & Mining industry median of 18.79. Varopakorn PCL's overall GF Score™ is 66/100 with 8 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 Varopakorn PCL (BKK:VARO), the current EV-to-FCF is 14.59 as of Jul. 28, 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 Varopakorn PCL (BKK:VARO) Overvalued in 2026?

Based on GuruFocus' analysis, Varopakorn PCL stock appears to be overvalued. The current stock price of ฿3.96 is trading 1.5% above its estimated GF Value™ of ฿3.90. GuruFocus considers Varopakorn PCL to be Fairly Valued.

Key valuation signals for BKK:VARO:

  • EV-to-FCF: 14.59 (524% above median its 10-year median of 2.34)
  • GF Value™: ฿3.90 vs. price of ฿3.96 (1.5% above fair value)
  • GF Score™: 66/100 with 8 warning signs
  • Industry Position: 22.4% below the Metals & Mining median (#186 of 447)

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


Varopakorn PCL Business Description

Address 181 Soi Amorn, Nanglinchee Road, Chongnonsri, Yannawa, Bangkok, THA, 10120
Varopakorn PCL is engaged in the manufacturing and distribution of semi-finished aluminum products in Thailand. Its Aluminium rolled products have been developed to be of standard quality and a wider range, such as Bare Finstock, Precoated Finstock, Capstocks, Foil, Coil, Sheet, and Automotive Fin. It generates revenue from Thailand, Asia, America, Europe, and Oceania.
66GF Score

Get the complete analysis for BKK:VARO

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

฿3.96
Price
฿3.90
GF Value