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Forth PCLBKK:FORTH-R 84 Cyclically Adjusted Price-to-FCF is 13.70 as of Jul. 20, 2026, which is 46% below its 10-year median of 25.29. GuruFocus rates BKK:FORTH-R with a GF Score™ of 84/100 and a GF Value™ of ฿5.89. The stock has 10 warning signs investors should review. Among 246 Conglomerates companies, Forth PCL ranks worse than 66.67% on this metric.
The historical rank and industry rank for Forth PCL's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
BKK:FORTH-R'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.37 Med: 25.29 Max: 111.5
Current: 28.62
During the past years, Forth PCL's highest Cyclically Adjusted Price-to-FCF was 111.50. The lowest was 10.37. And the median was 25.29.
BKK:FORTH-R's Cyclically Adjusted Price-to-FCF is ranked worse than 66.67% of 246
companies
in the Conglomerates industry
Industry Median: 17.32
vs BKK:FORTH-R: 28.62
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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.
Forth PCL's adjusted free cash flow per share data for the three months ended in Mar. 2026 was ฿0.140. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ฿0.47 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
Forth PCL Cyclically Adjusted Price-to-FCF Related Terms
Forth PCL Cyclically Adjusted Price-to-FCF Historical Data
* Premium members only.
The historical data trend for Forth PCL's Cyclically Adjusted Price-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.
BKK:FORTH-R vs HON, MMM: Cyclically Adjusted Price-to-FCF Comparison
For the Conglomerates subindustry, Forth PCL's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-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.
Forth PCL Cyclically Adjusted Price-to-FCF vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Forth PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Forth PCL's Cyclically Adjusted Price-to-FCF falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.
Forth PCL's Cyclically Adjusted Price-to-FCF for today is calculated as
* 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.
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.
What does a Cyclically Adjusted Price-to-FCF of 13.70 mean?
Forth PCL (BKK:FORTH-R) has a Cyclically Adjusted Price-to-FCF of 13.70 as of Jul. 20, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Forth PCL and its competitors. This is 46% below median its historical median of 25.29. Over the past decade, Forth PCL's Cyclically Adjusted Price-to-FCF has ranged from 10.37 to 111.50. According to the industry distribution chart, Forth PCL ranks #164 out of 246 companies in the Conglomerates industry, placing it in the top 66.7%.
Is Forth PCL's Cyclically Adjusted Price-to-FCF too high?
Forth PCL's current Cyclically Adjusted Price-to-FCF of 13.70 is 46% below median its 10-year median of 25.29. Over the past 10 years, this metric has ranged from a low of 10.37 to a high of 111.50. The Conglomerates industry median Cyclically Adjusted Price-to-FCF is 17.32. Forth PCL's value of 13.70 is 20.9% below this industry median. Based on the distribution chart, Forth PCL ranks #164 out of 246 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Forth PCL has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Forth PCL's Cyclically Adjusted Price-to-FCF compare to HON and MMM?
According to the Conglomerates industry distribution chart, Forth PCL ranks #164 out of 246 companies for Cyclically Adjusted Price-to-FCF. This places Forth PCL in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 17.32. Forth PCL's value of 13.70 is 20.9% below this benchmark. Historically, Forth PCL's own Cyclically Adjusted Price-to-FCF has ranged from 10.37 to 111.50 over the past decade. While the company's 10-year median is 25.29 vs. the industry median of 17.32, 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 Cyclically Adjusted Price-to-FCF for a Conglomerates company?
The median Cyclically Adjusted Price-to-FCF among Conglomerates companies is 17.32, based on 246 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forth PCL's current Cyclically Adjusted Price-to-FCF of 13.70 is 20.9% 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 Cyclically Adjusted Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Forth PCL and its competitors. For the Conglomerates industry, the median Cyclically Adjusted Price-to-FCF is 17.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth PCL's current Cyclically Adjusted Price-to-FCF is 13.70, which is 46% below median its own 10-year median of 25.29. 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 Cyclically Adjusted Price-to-FCF of 13.70. The stock's GF Value™ is ฿5.89, compared to a current price of ฿6.44 — trading 9.3% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 13.70, which is 46% below median its 10-year median of 25.29 and 20.9% below the Conglomerates industry median of 17.32. Forth PCL's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For Forth PCL (BKK:FORTH-R), the current Cyclically Adjusted Price-to-FCF is 13.70 as of Jul. 20, 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 9.3% above its estimated GF Value™ of ฿5.89.
Key valuation signals for BKK:FORTH-R:
Cyclically Adjusted Price-to-FCF: 13.70 (46% below median its 10-year median of 25.29)
GF Value™: ฿5.89 vs. price of ฿6.44 (9.3% above fair value)
Industry Position: 20.9% below the Conglomerates median (#164 of 246)
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.
84GF Score
Get the complete analysis for BKK:FORTH-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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