Forth PCL (BKK:FORTH-R) Debt-to-Revenue : 0.54 (As of Mar. 2026)

What is Forth PCL Debt-to-Revenue?

Forth PCL BKK:FORTH-R 84 Debt-to-Revenue is 0.54 as of Mar. 2026. GuruFocus rates BKK:FORTH-R with a GF Score™ of 84/100 and a GF Value™ of ฿5.62. The stock has 10 warning signs investors should review.

Debt-to-Revenue measures a company's ability to pay off its debt.

Forth PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿4,769 Mil. Forth PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿524 Mil. Forth PCL's annualized Revenue for the quarter that ended in Mar. 2026 was ฿9,762 Mil. Forth PCL's annualized Debt-to-Revenue for the quarter that ended in Mar. 2026 was 0.54.

Forth PCL Debt-to-Revenue Related Terms

Forth PCL Debt-to-Revenue Historical Data

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The historical data trend for Forth PCL's Debt-to-Revenue 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 Debt-to-Revenue Chart

Forth PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Debt-to-Revenue

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0.40

0.47

0.49

0.62

0.45

Forth PCL Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Debt-to-Revenue	Get a 7-Day Free Trial															0.65	0.58	0.41	0.47	0.54

BKK:FORTH-R vs HON, MMM: Debt-to-Revenue Comparison

For the Conglomerates subindustry, Forth PCL's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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 Debt-to-Revenue vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Forth PCL's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Forth PCL's Debt-to-Revenue falls into.

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84GF Score

Forth Corp PCL BKK:FORTH-R

Debt-to-Revenue is just one metric. See GF Score™, valuation, warning signs, and more.

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Forth PCL Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Forth PCL's Debt-to-Revenue for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(4423.555	+	534.206)	/	11014.215
	=	0.45

Forth PCL's annualized Debt-to-Revenue for the quarter that ended in Mar. 2026 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(4768.657	+	524.134)	/	9761.792
	=	0.54

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2026) Revenue data.

Frequently Asked Questions Learn more about Debt-to-Revenue →

What does a Debt-to-Revenue of 0.54 mean?

Forth PCL (BKK:FORTH-R) has a Debt-to-Revenue of 0.54 as of Mar. 2026.

Is Forth PCL's Debt-to-Revenue too high?

Forth PCL's current Debt-to-Revenue is 0.54. 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 Debt-to-Revenue compare to HON and MMM?

Forth PCL's Debt-to-Revenue of 0.54 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 Debt-to-Revenue for a Conglomerates company?

A good Debt-to-Revenue depends on the Conglomerates industry context. However, Debt-to-Revenue 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 Debt-to-Revenue mean?

A high Debt-to-Revenue can signal that a stock is expensive relative to its fundamentals. Forth PCL's current Debt-to-Revenue is 0.54. 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 Debt-to-Revenue of 0.54. The stock's GF Value™ is ฿5.62, compared to a current price of ฿6.44 — trading 14.5% above its estimated fair value. The current Debt-to-Revenue is 0.54. 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 Debt-to-Revenue calculated?

Debt-to-Revenue is calculated from a company's financial statements. For Forth PCL (BKK:FORTH-R), the current Debt-to-Revenue is 0.54 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 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 14.5% above its estimated GF Value™ of ฿5.62.

Key valuation signals for BKK:FORTH-R:

Debt-to-Revenue: 0.54
GF Value™: ฿5.62 vs. price of ฿6.44 (14.5% above fair value)
GF Score™: 84/100 with 10 warning signs

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 PCL Business Description

Industry Industrials Conglomerates

Comparable Companies BKK:VGI BKK:TTA BKK:SUC BKK:PCC BKK:LOXLEY BKK:RABBIT BKK:MBK BKK:UREKA BKK:ACC BKK:ETE ADX:IHC HON TSE:6501 TSE:8058 MMM TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053

Other Exchanges FORTH:Thailand

Address 1053/1, Phaholyothin Road, Phayathai, Phayathai, Bangkok, THA, 10400

Website https://www.forth.co.th

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

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฿6.44

Price

฿5.62

GF Value

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