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Forth PCLBKK:FORTH-R 83 Capex-to-Operating-Cash-Flow is 0.36 as of Mar. 2026, which is 41% below its 10-year median of 0.61. GuruFocus rates BKK:FORTH-R with a GF Score™ of 83/100 and a GF Value™ of ฿5.62. The stock has 10 warning signs investors should review. Among 314 Conglomerates companies, Forth PCL ranks better than 66.56% on this metric.
Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Forth PCL Capex-to-Operating-Cash-Flow Related Terms
Forth PCL Capex-to-Operating-Cash-Flow Historical Data
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The historical data trend for Forth PCL's Capex-to-Operating-Cash-Flow 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.
BKK:FORTH-R vs HON, MMM: Capex-to-Operating-Cash-Flow Comparison
For the Conglomerates subindustry, Forth PCL's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow 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.
Forth PCL Capex-to-Operating-Cash-Flow vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Forth PCL's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Forth PCL's Capex-to-Operating-Cash-Flow falls into.
* 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.
What does a Capex-to-Operating-Cash-Flow of 0.36 mean?
Forth PCL (BKK:FORTH-R) has a Capex-to-Operating-Cash-Flow of 0.36 as of Mar. 2026. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Forth PCL and its competitors. This is 41% below median its historical median of 0.61. Over the past decade, Forth PCL's Capex-to-Operating-Cash-Flow has ranged from 0.17 to 1.84. According to the industry distribution chart, Forth PCL ranks #105 out of 314 companies in the Conglomerates industry, placing it in the top 33.4%.
Is Forth PCL's Capex-to-Operating-Cash-Flow too high?
Forth PCL's current Capex-to-Operating-Cash-Flow of 0.36 is 41% below median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.84. The Conglomerates industry median Capex-to-Operating-Cash-Flow is 0.39. Forth PCL's value of 0.36 is 6.5% below this industry median. Based on the distribution chart, Forth PCL ranks #105 out of 314 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Forth PCL has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Forth PCL's Capex-to-Operating-Cash-Flow compare to HON and MMM?
According to the Conglomerates industry distribution chart, Forth PCL ranks #105 out of 314 companies for Capex-to-Operating-Cash-Flow. This puts Forth PCL in the upper half of its industry. The industry median Capex-to-Operating-Cash-Flow is 0.39. Forth PCL's value of 0.36 is 6.5% below this benchmark. Historically, Forth PCL's own Capex-to-Operating-Cash-Flow has ranged from 0.17 to 1.84 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.39, Forth 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 Capex-to-Operating-Cash-Flow for a Conglomerates company?
The median Capex-to-Operating-Cash-Flow among Conglomerates companies is 0.39, based on 314 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forth PCL's current Capex-to-Operating-Cash-Flow of 0.36 is 6.5% 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 Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Forth PCL and its competitors. For the Conglomerates industry, the median Capex-to-Operating-Cash-Flow is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth PCL's current Capex-to-Operating-Cash-Flow is 0.36, which is 41% below median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forth PCL stock overvalued right now?
Forth PCL (BKK:FORTH-R) has a current Capex-to-Operating-Cash-Flow of 0.36. The stock's GF Value™ is ฿5.62, compared to a current price of ฿6.44 — trading 14.5% above its estimated fair value. The current Capex-to-Operating-Cash-Flow is 0.36, which is 41% below median its 10-year median of 0.61 and 6.5% below the Conglomerates industry median of 0.39. Forth PCL's overall GF Score™ is 83/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For Forth PCL (BKK:FORTH-R), the current Capex-to-Operating-Cash-Flow is 0.36 as of Mar. 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 Forth PCL (BKK:FORTH-R) Overvalued in 2026?
Based on GuruFocus' analysis, Forth PCL stock appears to be overvalued.
The current stock price of ฿6.44 is trading 14.5% above its estimated GF Value™ of ฿5.62.
Key valuation signals for BKK:FORTH-R:
Capex-to-Operating-Cash-Flow: 0.36 (41% below median its 10-year median of 0.61)
GF Value™: ฿5.62 vs. price of ฿6.44 (14.5% above fair value)
Industry Position: 6.5% below the Conglomerates median (#105 of 314)
No single metric tells the full story. See the BKK:FORTH-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forth Corp PCL manufactures and distributes electronic equipment and project work relating to design and install telecommunication equipment. The company's segments include Electronics manufacturing service business sources, manufactures and distributes electronics parts, both work manufactured order and general equipment; Enterprise solutions business bids for project work, sources, subcontracts and install various systems for the government and private sectors; Smart service business provides online financial transaction service and sells products and service through vending machines and provides lending services. The Enterprise solutions business derives the majority of the revenue. Geographically it operates in Thailand, Netherlands, United States of America, and Others.
83GF Score
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Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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