Forth Smart Service PCL (BKK:FSMART) EBIT: ฿735 Mil (TTM As of Mar. 2026)

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BKK:FSMART Forth Smart Service PCL BKK:FSMART
68 GF Score
Price ฿7.70
GF Value ฿6.73
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Forth Smart Service PCL EBIT?

Forth Smart Service PCL BKK:FSMART -2.53% 68 EBIT is ฿735 Mil as of Mar. 2026. 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.

Forth Smart Service PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿176 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿735 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forth Smart Service PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 6.58%. Forth Smart Service PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 191.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forth Smart Service PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.19%.


Forth Smart Service PCL  (BKK:FSMART) EBIT Explanation

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

Forth Smart Service 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 )
=202.824 * ( 1 - 19.35% )/( (2423.085 + 2545.509)/ 2 )
=163.577556/2484.297
=6.58 %

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))
=3685.84 - 1031.206 - ( 374.254 - max(0, 1693.81 - 1925.359+374.254))
=2423.085

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))
=3921.384 - 1018.737 - ( 762.727 - max(0, 1876.659 - 2233.797+762.727))
=2545.509

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 Smart Service 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 )
=704.796/( ( (373.227 + max(-811.261, 0)) + (364.146 + max(-843.375, 0)) )/ 2 )
=704.796/( ( 373.227 + 364.146 )/ 2 )
=704.796/368.6865
=191.16 %

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)
=(0 + 60.334 + 180.273) - (1031.206 + 1.032 + 19.63)
=-811.261

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 68.776 + 123.914) - (1018.737 + 1.005 + 16.323)
=-843.375

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=735.223/6030.676
=12.19 %

* 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 EBIT Related Terms


Forth Smart Service PCL EBIT Historical Data

* Premium members only.

The historical data trend for Forth Smart Service 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 Smart Service PCL EBIT Chart

Forth Smart Service 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 502.78 382.25 374.46 562.30 755.36

Forth Smart Service 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 196.34 197.36 179.63 182.03 176.20

BKK:FSMART vs VZ, TMUS, T: EBIT Comparison

For the Telecom Services subindustry, Forth Smart Service 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 Smart Service PCL EV-to-EBIT vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forth Smart Service PCL's EV-to-EBIT distribution charts can be found below:

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


BKK:FSMART
68GF Score
Forth Smart Service PCL BKK:FSMART
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Forth Smart Service 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 ฿735 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 ฿735 Mil mean?
Forth Smart Service PCL (BKK:FSMART) has a EBIT of ฿735 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forth Smart Service PCL.
Is Forth Smart Service PCL's EBIT too high?
Forth Smart Service PCL's current EBIT is ฿735 Mil. 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 EBIT compare to VZ and TMUS?
Forth Smart Service PCL's EBIT of ฿735 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good EBIT depends on the Telecommunication Services 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 Smart Service PCL. Forth Smart Service PCL's current EBIT is ฿735 Mil. 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 EBIT is ฿735 Mil. 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For Forth Smart Service PCL (BKK:FSMART), the current EBIT is ฿735 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 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:

  • EBIT: ฿735 Mil
  • GF Value™: ฿6.73 vs. price of ฿7.70 (14.4% above fair value)
  • GF Score™: 68/100 with 3 warning signs

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 Business Description

Address 256 Paholyothin Road, Samsennai, Phaya Thai District, Bangkok, THA, 10400
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

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

฿7.70
Price
฿6.73
GF Value