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Forth Smart Service PCLBKK:FSMART -2.53%68 Debt-to-EBITDA is 1.16 as of Mar. 2026, which is 26% above its 10-year median of 0.92. GuruFocus rates BKK:FSMART with a GF Score™ of 68/100 and a GF Value™ of ฿6.73 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 303 Telecommunication Services companies, Forth Smart Service PCL ranks better than 71.95% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Forth Smart Service PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:FSMART'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.43 Med: 0.92 Max: 1.34
Current: 1.09
During the past 13 years, the highest Debt-to-EBITDA Ratio of Forth Smart Service PCL was 1.34. The lowest was 0.43. And the median was 0.92.
BKK:FSMART's Debt-to-EBITDA is ranked better than 71.95% of 303
companies
in the Telecommunication Services industry
Industry Median: 2.04
vs BKK:FSMART: 1.09
Forth Smart Service PCL (BKK:FSMART) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Forth Smart Service PCL Debt-to-EBITDA Related Terms
Forth Smart Service PCL Debt-to-EBITDA Historical Data
* 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:FSMART vs VZ, TMUS, T: Debt-to-EBITDA Comparison
For the Telecom Services subindustry, Forth Smart Service PCL's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Forth Smart Service PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Forth Smart Service PCL's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Forth Smart Service PCL (BKK:FSMART) has a Debt-to-EBITDA of 1.16 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Forth Smart Service PCL. This is 26% above median its historical median of 0.92. Over the past decade, Forth Smart Service PCL's Debt-to-EBITDA has ranged from 0.43 to 1.34. According to the industry distribution chart, Forth Smart Service PCL ranks #85 out of 303 companies in the Telecommunication Services industry, placing it in the top 28.1%.
Is Forth Smart Service PCL's Debt-to-EBITDA too high?
Forth Smart Service PCL's current Debt-to-EBITDA of 1.16 is 26% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.34. The Telecommunication Services industry median Debt-to-EBITDA is 2.04. Forth Smart Service PCL's value of 1.16 is 43.1% below this industry median. Based on the distribution chart, Forth Smart Service PCL ranks #85 out of 303 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Forth Smart Service PCL has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forth Smart Service PCL's Debt-to-EBITDA compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Forth Smart Service PCL ranks #85 out of 303 companies for Debt-to-EBITDA. This puts Forth Smart Service PCL in the upper half of its industry. The industry median Debt-to-EBITDA is 2.04. Forth Smart Service PCL's value of 1.16 is 43.1% below this benchmark. Historically, Forth Smart Service PCL's own Debt-to-EBITDA has ranged from 0.43 to 1.34 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 2.04, Forth Smart Service 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 Debt-to-EBITDA for a Telecommunication Services company?
The median Debt-to-EBITDA among Telecommunication Services companies is 2.04, based on 303 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forth Smart Service PCL's current Debt-to-EBITDA of 1.16 is 43.1% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Forth Smart Service PCL. For the Telecommunication Services industry, the median Debt-to-EBITDA is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth Smart Service PCL's current Debt-to-EBITDA is 1.16, which is 26% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forth Smart Service PCL stock overvalued right now?
Based on GuruFocus' analysis, Forth Smart Service PCL (BKK:FSMART) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿6.73, compared to a current price of ฿7.70 — trading 14.4% above its estimated fair value. The current Debt-to-EBITDA is 1.16, which is 26% above median its 10-year median of 0.92 and 43.1% below the Telecommunication Services industry median of 2.04. Forth Smart Service PCL's overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Forth Smart Service PCL (BKK:FSMART), the current Debt-to-EBITDA is 1.16 as of Mar. 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 Smart Service PCL (BKK:FSMART) Overvalued in 2026?
Based on GuruFocus' analysis, Forth Smart Service PCL stock appears to be overvalued.
The current stock price of ฿7.70 is trading 14.4% above its estimated GF Value™ of ฿6.73.
GuruFocus considers Forth Smart Service PCL to be Modestly Overvalued.
Key valuation signals for BKK:FSMART:
Debt-to-EBITDA: 1.16 (26% above median its 10-year median of 0.92)
GF Value™: ฿6.73 vs. price of ฿7.70 (14.4% above fair value)
Industry Position: 43.1% below the Telecommunication Services median (#85 of 303)
No single metric tells the full story. See the BKK:FSMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forth Smart Service PCL is a Thailand-based company engaged in providing prepaid mobile top-up services, money transfer services, and online payment receipt services through electronic top-up machines. The company also provides advertising services through its online top-up machine network. It operates through two reportable segments: Top-up Machine, which provides mobile top-up, payment, and related services through automated machines; and Lending, which provides personal loans and nano finance services. It generates the majority of its revenue from the Top-up machine segment.
68GF Score
Get the complete analysis for BKK:FSMART
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