Thai Oil PCLTOIPY 78 EV-to-FCF is 3.54 as of Jun. 24, 2026, which is 50% below its 10-year median of 7.08. GuruFocus rates TOIPY with a GF Score™ of 78/100 and a GF Value™ of $13.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 577 Oil & Gas companies, Thai Oil PCL ranks better than 90.64% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Thai Oil PCL's Enterprise Value is $5,148 Mil.
Thai Oil PCL's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,453 Mil. Therefore, Thai Oil PCL's EV-to-FCF for today is 3.54.
The historical rank and industry rank for Thai Oil PCL's EV-to-FCF or its related term are showing as below:
TOIPY'
s EV-to-FCF Range Over the Past 10 Years
Min: -619.93 Med: 7.08 Max: 365.08
Current: 3.52
During the past 13 years, the highest EV-to-FCF of Thai Oil PCL was 365.08. The lowest was -619.93. And the median was 7.08.
TOIPY's EV-to-FCF is ranked better than 90.64% of 577
companies
in the Oil & Gas industry
Industry Median: 15.71
vs TOIPY: 3.52
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.
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 Oil PCL's PE Ratio (TTM) for today is calculated as:
Thai Oil PCL's share price for today is $14.40.
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 $4.241.
* 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 Oil PCL EV-to-FCF Related Terms
Thai Oil PCL EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Thai Oil 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.
For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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 Oil PCL EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Thai Oil PCL's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Thai Oil PCL's EV-to-FCF falls into.
Thai Oil PCL's current Enterprise Value is $5,148 Mil.
Thai Oil 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 $1,453 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 (TOIPY) has a EV-to-FCF of 3.54 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Thai Oil PCL and its competitors. This is 50% below median its historical median of 7.08. According to the industry distribution chart, Thai Oil PCL ranks #54 out of 577 companies in the Oil & Gas industry, placing it in the top 9.4%.
Is Thai Oil PCL's EV-to-FCF too high?
Thai Oil PCL's current EV-to-FCF of 3.54 is 50% below median its 10-year median of 7.08. The Oil & Gas industry median EV-to-FCF is 15.71. Thai Oil PCL's value of 3.54 is 77.5% below this industry median. Based on the distribution chart, Thai Oil PCL ranks #54 out of 577 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Oil 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 Thai Oil PCL's EV-to-FCF compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Thai Oil PCL ranks #54 out of 577 companies for EV-to-FCF. This places Thai Oil PCL in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 15.71. Thai Oil PCL's value of 3.54 is 77.5% below this benchmark. While the company's 10-year median is 7.08 vs. the industry median of 15.71, 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.71, based on 577 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 Oil PCL's current EV-to-FCF of 3.54 is 77.5% 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 Oil PCL and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Oil PCL's current EV-to-FCF is 3.54, which is 50% below median its own 10-year median of 7.08. 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 (TOIPY) is currently considered Fairly Valued. The stock's GF Value™ is $13.59, compared to a current price of $14.40 — trading 6% above its estimated fair value. The current EV-to-FCF is 3.54, which is 50% below median its 10-year median of 7.08 and 77.5% below the Oil & Gas industry median of 15.71. Thai Oil 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 Thai Oil PCL (TOIPY), the current EV-to-FCF is 3.54 as of Jun. 24, 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 (TOIPY) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Oil PCL stock appears to be overvalued.
The current stock price of $14.40 is trading 6% above its estimated GF Value™ of $13.59.
GuruFocus considers Thai Oil PCL to be Fairly Valued.
Key valuation signals for TOIPY:
EV-to-FCF: 3.54 (50% below median its 10-year median of 7.08)
GF Value™: $13.59 vs. price of $14.40 (6% above fair value)
Industry Position: 77.5% below the Oil & Gas median (#54 of 577)
No single metric tells the full story. See the TOIPY 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.
78GF Score
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