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Forth Smart Service PCL (BKK:FSMART) Cyclically Adjusted PB Ratio : 3.90 (As of Jun. 04, 2025)


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What is Forth Smart Service PCL Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Forth Smart Service PCL's current share price is ฿6.90. Forth Smart Service PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿1.77. Forth Smart Service PCL's Cyclically Adjusted PB Ratio for today is 3.90.

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

BKK:FSMART' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.72   Med: 3.88   Max: 6.31
Current: 3.89

During the past years, Forth Smart Service PCL's highest Cyclically Adjusted PB Ratio was 6.31. The lowest was 2.72. And the median was 3.88.

BKK:FSMART's Cyclically Adjusted PB Ratio is ranked worse than
82.08% of 279 companies
in the Telecommunication Services industry
Industry Median: 1.53 vs BKK:FSMART: 3.89

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 Smart Service PCL's adjusted book value per share data for the three months ended in Mar. 2025 was ฿1.917. 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 ฿1.77 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forth Smart Service PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Forth Smart Service 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 Smart Service PCL Cyclically Adjusted PB Ratio Chart

Forth Smart Service 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 - - - 4.30 4.61

Forth Smart Service PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.68 2.98 3.49 4.61 3.27

Competitive Comparison of Forth Smart Service PCL's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Forth Smart Service 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 Smart Service PCL's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forth Smart Service PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.90/1.77
=3.90

* 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 Smart Service PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Forth Smart Service PCL's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.917/134.9266*134.9266
=1.917

Current CPI (Mar. 2025) = 134.9266.

Forth Smart Service PCL Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.217 100.684 1.631
201509 0.178 100.392 0.239
201512 1.272 99.792 1.720
201603 1.382 100.470 1.856
201606 1.351 101.688 1.793
201609 1.311 101.861 1.737
201612 1.478 101.863 1.958
201703 1.393 102.862 1.827
201706 1.573 103.349 2.054
201709 1.504 104.136 1.949
201712 1.657 104.011 2.150
201803 1.838 105.290 2.355
201806 1.531 106.317 1.943
201809 1.417 106.507 1.795
201812 1.597 105.998 2.033
201903 1.788 107.251 2.249
201906 1.655 108.070 2.066
201909 1.519 108.329 1.892
201912 1.706 108.420 2.123
202003 1.394 108.902 1.727
202006 1.474 108.767 1.829
202009 1.329 109.815 1.633
202012 1.486 109.897 1.824
202103 1.630 111.754 1.968
202106 1.484 114.631 1.747
202109 1.311 115.734 1.528
202112 1.497 117.630 1.717
202203 1.604 121.301 1.784
202206 1.514 125.017 1.634
202209 1.425 125.227 1.535
202212 1.498 125.222 1.614
202303 1.601 127.348 1.696
202306 1.539 128.729 1.613
202309 1.451 129.860 1.508
202312 1.555 129.419 1.621
202403 1.679 131.776 1.719
202406 1.634 132.554 1.663
202409 1.557 133.029 1.579
202412 1.714 133.157 1.737
202503 1.917 134.927 1.917

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 Smart Service PCL  (BKK:FSMART) 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 Smart Service PCL Cyclically Adjusted PB Ratio Related Terms

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


Forth Smart Service PCL Business Description

Traded in Other Exchanges
Address
256 Paholyothin Road, Samsennai, Phayathai, Bangkok, THA, 10400
Forth Smart Service PCL is principally engaged in rendering of prepaid mobile top-up service, online payment receival services, and advertising services through online top-up machines. Its business activities include Online Top-Up and Payment Business, Banking Agent and Lending Business, and Vending Machine and Distribution Business. Its Vending Machine and Distribution Business provides payment service for robotic barista under the brand Taobin. The Company has its electric car charging station under the GINKA brand. The company's geographical area of operations is in Thailand.

Forth Smart Service PCL Headlines

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