Forth PCL (BKK:FORTH) Cyclically Adjusted Revenue per Share: ฿10.47 (As of Jun. 2026)

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BKK:FORTH Forth Corp PCL BKK:FORTH
86 GF Score
Price ฿14.80
GF Value ฿13.81
Valuation Fairly Valued
! 6 Warning Signs
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What is Forth PCL Cyclically Adjusted Revenue per Share?

Forth PCL BKK:FORTH -0.67% 86 Cyclically Adjusted Revenue per Share is ฿10.47 as of Jun. 2026. GuruFocus rates BKK:FORTH with a GF Score™ of 86/100 and a GF Value™ of ฿13.81 (Fairly Valued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 PCL's adjusted revenue per share for the three months ended in Jun. 2026 was ฿2.833. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ฿10.47 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Forth PCL's average Cyclically Adjusted Revenue Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Forth PCL was 8.70% per year. The lowest was -2.90% per year. And the median was 7.50% per year.

As of today (2026-09-11), Forth PCL's current stock price is ฿14.80. Forth PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ฿10.47. Forth PCL's Cyclically Adjusted PS Ratio of today is 1.41.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Forth PCL was 7.94. The lowest was 0.56. And the median was 1.02.


Forth PCL  (BKK:FORTH) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PCL's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=14.80/10.47
=1.41

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Forth PCL was 7.94. The lowest was 0.56. And the median was 1.02.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Forth PCL Cyclically Adjusted Revenue per Share Related Terms


Forth PCL Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Forth PCL's Cyclically Adjusted Revenue per Share 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.

Forth PCL Cyclically Adjusted Revenue per Share Chart

Forth PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.21 7.91 8.60 9.25 9.97

Forth PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share 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 9.64 9.92 9.97 10.25 10.47

BKK:FORTH vs MMM, HON: Cyclically Adjusted Revenue per Share Comparison

For the Conglomerates subindustry, Forth 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 PCL Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


BKK:FORTH
86GF Score
Forth Corp PCL BKK:FORTH
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forth PCL Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Forth PCL's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.833/333.9520*333.9520
=2.833

Current CPI (Jun. 2026) = 333.9520.

Forth PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.378 241.428 1.906
201612 1.529 241.432 2.115
201703 1.585 243.801 2.171
201706 1.936 244.955 2.639
201709 1.868 246.819 2.527
201712 1.851 246.524 2.507
201803 1.993 249.554 2.667
201806 1.812 251.989 2.401
201809 1.885 252.439 2.494
201812 2.451 251.233 3.258
201903 1.674 254.202 2.199
201906 1.729 256.143 2.254
201909 1.704 256.759 2.216
201912 1.696 256.974 2.204
202003 1.556 258.115 2.013
202006 1.585 257.797 2.053
202009 1.883 260.280 2.416
202012 2.159 260.474 2.768
202103 2.061 264.877 2.598
202106 2.166 271.696 2.662
202109 2.121 274.310 2.582
202112 2.811 278.802 3.367
202203 2.184 287.504 2.537
202206 2.362 296.311 2.662
202209 2.822 296.808 3.175
202212 2.716 296.797 3.056
202303 2.680 301.836 2.965
202306 2.919 305.109 3.195
202309 2.514 307.789 2.728
202312 2.035 306.746 2.215
202403 2.151 312.332 2.300
202406 2.650 314.175 2.817
202409 2.883 315.301 3.054
202412 2.126 315.605 2.250
202503 2.307 319.799 2.409
202506 2.765 322.561 2.863
202509 3.955 324.800 4.066
202512 2.801 324.054 2.887
202603 2.603 330.213 2.632
202606 2.833 333.952 2.833

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ฿10.47 mean?
Forth PCL (BKK:FORTH) has a Cyclically Adjusted Revenue per Share of ฿10.47 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Forth PCL and its competitors.
Is Forth PCL's Cyclically Adjusted Revenue per Share too high?
Forth PCL's current Cyclically Adjusted Revenue per Share is ฿10.47. Overall, Forth PCL has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Forth PCL's Cyclically Adjusted Revenue per Share compare to MMM and HON?
Forth PCL's Cyclically Adjusted Revenue per Share of ฿10.47 can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Conglomerates company?
A good Cyclically Adjusted Revenue per Share depends on the Conglomerates industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Forth PCL and its competitors. Forth PCL's current Cyclically Adjusted Revenue per Share is ฿10.47. 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?
Based on GuruFocus' analysis, Forth PCL (BKK:FORTH) is currently considered Fairly Valued. The stock's GF Value™ is ฿13.81, compared to a current price of ฿14.80 — trading 7.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿10.47. Forth PCL's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Forth PCL (BKK:FORTH), the current Cyclically Adjusted Revenue per Share is ฿10.47 as of Jun. 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) Overvalued in 2026?

Based on GuruFocus' analysis, Forth PCL stock appears to be overvalued. The current stock price of ฿14.80 is trading 7.2% above its estimated GF Value™ of ฿13.81. GuruFocus considers Forth PCL to be Fairly Valued.

Key valuation signals for BKK:FORTH:

  • Cyclically Adjusted Revenue per Share: ฿10.47
  • GF Value™: ฿13.81 vs. price of ฿14.80 (7.2% above fair value)
  • GF Score™: 86/100 with 6 warning signs

No single metric tells the full story. See the BKK:FORTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forth PCL Business Description

Other Exchanges FORTH-R:Thailand
Address 1053/1, Phaholyothin Road, Phayathai, Phayathai, Bangkok, THA, 10400
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.
86GF Score

Get the complete analysis for BKK:FORTH

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿14.80
Price
฿13.81
GF Value