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Forth Smart Service PCL (BKK:FSMART-R) Cyclically Adjusted PS Ratio : 1.43 (As of Jul. 08, 2025)


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What is Forth Smart Service PCL Cyclically Adjusted PS Ratio?

As of today (2025-07-08), Forth Smart Service PCL's current share price is ฿5.86689. Forth Smart Service PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ฿4.09. Forth Smart Service PCL's Cyclically Adjusted PS Ratio for today is 1.43.

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

BKK:FSMART-R' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.23   Med: 1.74   Max: 2.83
Current: 1.48

During the past years, Forth Smart Service PCL's highest Cyclically Adjusted PS Ratio was 2.83. The lowest was 1.23. And the median was 1.74.

BKK:FSMART-R's Cyclically Adjusted PS Ratio is ranked worse than
54.77% of 283 companies
in the Telecommunication Services industry
Industry Median: 1.23 vs BKK:FSMART-R: 1.48

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Forth Smart Service PCL's adjusted revenue per share data for the three months ended in Mar. 2025 was ฿0.741. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ฿4.09 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 PS Ratio Historical Data

The historical data trend for Forth Smart Service PCL's Cyclically Adjusted PS 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 PS Ratio Chart

Forth Smart Service PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.98 2.05

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 PS 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 1.68 1.35 1.56 2.05 1.45

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

For the Telecom Services subindustry, Forth Smart Service PCL's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio Distribution in the Telecommunication Services Industry

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

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


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Forth Smart Service PCL Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.86689/4.09
=1.43

* 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 Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.741/134.9266*134.9266
=0.741

Current CPI (Mar. 2025) = 134.9266.

Forth Smart Service PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.471 100.684 0.631
201509 0.511 100.392 0.687
201512 0.578 99.792 0.781
201603 0.620 100.470 0.833
201606 0.665 101.688 0.882
201609 0.708 101.861 0.938
201612 0.874 101.863 1.158
201703 0.915 102.862 1.200
201706 0.984 103.349 1.285
201709 1.007 104.136 1.305
201712 1.052 104.011 1.365
201803 1.057 105.290 1.355
201806 1.075 106.317 1.364
201809 1.069 106.507 1.354
201812 1.051 105.998 1.338
201903 1.024 107.251 1.288
201906 1.031 108.070 1.287
201909 1.000 108.329 1.246
201912 0.980 108.420 1.220
202003 0.943 108.902 1.168
202006 0.877 108.767 1.088
202009 0.976 109.815 1.199
202012 0.943 109.897 1.158
202103 0.946 111.754 1.142
202106 0.947 114.631 1.115
202109 0.856 115.734 0.998
202112 0.836 117.630 0.959
202203 0.793 121.301 0.882
202206 0.765 125.017 0.826
202209 0.705 125.227 0.760
202212 0.677 125.222 0.729
202303 0.647 127.348 0.686
202306 0.677 128.729 0.710
202309 0.648 129.860 0.673
202312 0.694 129.419 0.724
202403 0.689 131.776 0.705
202406 0.681 132.554 0.693
202409 0.701 133.029 0.711
202412 0.764 133.157 0.774
202503 0.741 134.927 0.741

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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-R) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Forth Smart Service PCL Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Forth Smart Service PCL's Cyclically Adjusted PS 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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