Forth PCL (BKK:FORTH) EBIT: ฿1,727 Mil (TTM As of Mar. 2026)


BKK:FORTH Forth Corp PCL BKK:FORTH
84 GF Score
Price ฿16.10
GF Value ฿13.77
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Forth PCL EBIT?

Forth PCL BKK:FORTH +11.03% 84 EBIT is ฿1,727 Mil as of Mar. 2026. GuruFocus rates BKK:FORTH with a GF Score™ of 84/100 and a GF Value™ of ฿13.77 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Forth PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿343 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿1,727 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forth PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 5.09%. Forth PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forth PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.49%.


Forth PCL  (BKK:FORTH) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Forth PCL's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=709.044 * ( 1 - 19.38% )/( (11119.525 + 11361.708)/ 2 )
=571.6312728/11240.6165
=5.09 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=12635.498 - 2263.052 - ( 1135.95 - max(0, 7550.595 - 6803.516+1135.95))
=11119.525

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13111.173 - 2219.377 - ( 1554.129 - max(0, 7814.169 - 7344.257+1554.129))
=11361.708

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Forth PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1372.54/( ( (3771.472 + max(828.481, 0)) + (3692.544 + max(930.174, 0)) )/ 2 )
=1372.54/( ( 4599.953 + 4622.718 )/ 2 )
=1372.54/4611.3355
=29.76 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1302.719 + 1926.807 + 725.995) - (2263.052 + 396.233 + 467.755)
=828.481

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1244.538 + 2068.951 + 662.197) - (2219.377 + 381.522 + 444.613)
=930.174

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Forth PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1726.891/20344.996
=8.49 %

* 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 EBIT Related Terms


Forth PCL EBIT Historical Data

* Premium members only.

The historical data trend for Forth PCL's EBIT 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 EBIT Chart

Forth PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,163.95 1,358.17 1,165.83 808.54 1,620.21

Forth PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 236.46 291.50 669.71 422.55 343.14

BKK:FORTH vs HON, MMM: EBIT Comparison

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

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

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


BKK:FORTH
84GF Score
Forth Corp PCL BKK:FORTH
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forth PCL EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿1,727 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ฿1,727 Mil mean?
Forth PCL (BKK:FORTH) has a EBIT of ฿1,727 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forth PCL.
Is Forth PCL's EBIT too high?
Forth PCL's current EBIT is ฿1,727 Mil. Overall, Forth PCL has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forth PCL's EBIT compare to HON and MMM?
Forth PCL's EBIT of ฿1,727 Mil 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 EBIT for a Conglomerates company?
A good EBIT depends on the Conglomerates industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forth PCL. Forth PCL's current EBIT is ฿1,727 Mil. 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 Modestly Overvalued. The stock's GF Value™ is ฿13.77, compared to a current price of ฿16.10 — trading 16.9% above its estimated fair value. The current EBIT is ฿1,727 Mil. Forth PCL's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Forth PCL (BKK:FORTH), the current EBIT is ฿1,727 Mil 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) Overvalued in 2026?

Based on GuruFocus' analysis, Forth PCL stock appears to be overvalued. The current stock price of ฿16.10 is trading 16.9% above its estimated GF Value™ of ฿13.77. GuruFocus considers Forth PCL to be Modestly Overvalued.

Key valuation signals for BKK:FORTH:

  • EBIT: ฿1,727 Mil
  • GF Value™: ฿13.77 vs. price of ฿16.10 (16.9% above fair value)
  • GF Score™: 84/100 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

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.
84GF Score

Get the complete analysis for BKK:FORTH

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿16.10
Price
฿13.77
GF Value