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Forth PCL (BKK:FORTH-R) Cyclically Adjusted PB Ratio : 3.28 (As of Jul. 16, 2025)


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What is Forth PCL Cyclically Adjusted PB Ratio?

As of today (2025-07-16), Forth PCL's current share price is ฿7.50467. Forth PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was ฿2.29. Forth PCL's Cyclically Adjusted PB Ratio for today is 3.28.

The historical rank and industry rank for Forth PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:FORTH-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.95   Med: 4.42   Max: 30.32
Current: 3.32

During the past years, Forth PCL's highest Cyclically Adjusted PB Ratio was 30.32. The lowest was 2.95. And the median was 4.42.

BKK:FORTH-R's Cyclically Adjusted PB Ratio is ranked worse than
82.55% of 487 companies
in the Conglomerates industry
Industry Median: 1.01 vs BKK:FORTH-R: 3.32

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Forth PCL's adjusted book value per share data for the three months ended in Dec. 2024 was ฿2.077. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ฿2.29 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forth PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Forth PCL's Cyclically Adjusted PB Ratio 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.

* Premium members only.

Forth PCL Cyclically Adjusted PB Ratio Chart

Forth PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.47 11.25 15.77 10.62 4.75

Forth PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cyclically Adjusted PB Ratio 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 10.62 7.68 5.28 6.16 4.75

Competitive Comparison of Forth PCL's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Forth PCL's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Forth PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Forth PCL's Cyclically Adjusted PB Ratio falls into.


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Forth PCL Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Forth PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.50467/2.29
=3.28

* 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.

Forth PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Forth PCL's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=2.077/133.1571*133.1571
=2.077

Current CPI (Dec. 2024) = 133.1571.

Forth PCL Quarterly Data

Book Value per Share CPI Adj_Book
201503 1.914 99.621 2.558
201506 1.889 100.684 2.498
201509 1.872 100.392 2.483
201512 2.001 99.792 2.670
201603 2.111 100.470 2.798
201606 2.034 101.688 2.663
201609 1.964 101.861 2.567
201612 2.039 101.863 2.665
201703 2.090 102.862 2.706
201706 2.038 103.349 2.626
201709 1.924 104.136 2.460
201712 1.973 104.011 2.526
201803 2.097 105.290 2.652
201806 1.811 106.317 2.268
201809 1.687 106.507 2.109
201812 1.755 105.998 2.205
201903 1.806 107.251 2.242
201906 1.544 108.070 1.902
201909 1.518 108.329 1.866
201912 1.580 108.420 1.940
202003 1.172 108.902 1.433
202006 1.180 108.767 1.445
202009 1.189 109.815 1.442
202012 1.382 109.897 1.675
202103 1.578 111.754 1.880
202106 1.597 114.631 1.855
202109 1.607 115.734 1.849
202112 1.820 117.630 2.060
202203 2.074 121.301 2.277
202206 1.982 125.017 2.111
202209 2.063 125.227 2.194
202212 2.240 125.222 2.382
202303 2.480 127.348 2.593
202306 2.326 128.729 2.406
202309 2.207 129.860 2.263
202312 2.232 129.419 2.296
202403 2.320 131.776 2.344
202406 2.210 132.554 2.220
202409 2.081 133.029 2.083
202412 2.077 133.157 2.077

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Forth PCL  (BKK:FORTH-R) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Forth PCL Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Forth PCL's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Forth PCL Business Description

Traded in Other Exchanges
Address
1053/1, Phaholyothin Road, Phayathai Sub-district, Phayathai District, Bangkok, THA, 10400
Forth Corp PCL is engaged in the manufacture and distribution of electronic equipment and project work relating to design and install telecommunication equipment. The company is organized into business units based on its products and services and have three reportable segments as follows - Electronics Manufacturing Service segment derives maximum revenue, it designs manufactures of consigns and turnkey projects, and sales of semiconductor electronic parts. Enterprise solutions business segment that bids for project work, sources, subcontracts and install various systems for the government and private sectors. The Smart service business segment provides online financial transaction services and sells products and services through vending machines. The company operates in Thailand only.

Forth PCL Headlines

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