Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Forth Smart Service PCLBKK:FSMART -2.53%68 EV-to-OCF is 9.31 as of Jul. 30, 2026, which is 11% above its 10-year median of 8.39. 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 367 Telecommunication Services companies, Forth Smart Service PCL ranks worse than 63.76% on this metric.
The historical rank and industry rank for Forth Smart Service PCL's EV-to-OCF or its related term are showing as below:
BKK:FSMART'
s EV-to-OCF Range Over the Past 10 Years
Min: -127.88 Med: 8.39 Max: 26.16
Current: 9.48
During the past 13 years, the highest EV-to-OCF of Forth Smart Service PCL was 26.16. The lowest was -127.88. And the median was 8.39.
BKK:FSMART's EV-to-OCF is ranked worse than 63.76% of 367
companies
in the Telecommunication Services industry
Industry Median: 7.09
vs BKK:FSMART: 9.48
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Forth Smart Service PCL (BKK:FSMART) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Forth Smart Service PCL's PE Ratio (TTM) for today is calculated as:
Forth Smart Service PCL's share price for today is ฿7.70.
Forth Smart Service PCL's Earnings per Share (Diluted) 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 ฿0.764.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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.
For the Telecom Services subindustry, Forth Smart Service PCL's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Forth Smart Service PCL's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Forth Smart Service PCL's EV-to-OCF falls into.
Forth Smart Service PCL's current Enterprise Value is ฿6,181 Mil.
Forth Smart Service PCL's Cash Flow from Operations 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 ฿664 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.
Forth Smart Service PCL (BKK:FSMART) has a EV-to-OCF of 9.31 as of Jul. 30, 2026. This is 11% above median its historical median of 8.39. According to the industry distribution chart, Forth Smart Service PCL ranks #234 out of 367 companies in the Telecommunication Services industry, placing it in the top 63.8%.
Is Forth Smart Service PCL's EV-to-OCF too high?
Forth Smart Service PCL's current EV-to-OCF of 9.31 is 11% above median its 10-year median of 8.39. The Telecommunication Services industry median EV-to-OCF is 7.09. Forth Smart Service PCL's value of 9.31 is 31.3% above this industry median. Based on the distribution chart, Forth Smart Service PCL ranks #234 out of 367 companies in the Telecommunication Services industry, which is below 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 EV-to-OCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Forth Smart Service PCL ranks #234 out of 367 companies for EV-to-OCF. This places Forth Smart Service PCL in the lower half of its industry. The industry median EV-to-OCF is 7.09. Forth Smart Service PCL's value of 9.31 is 31.3% above this benchmark. While the company's 10-year median is 8.39 vs. the industry median of 7.09, Forth Smart Service PCL has consistently been above 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 EV-to-OCF for a Telecommunication Services company?
The median EV-to-OCF among Telecommunication Services companies is 7.09, based on 367 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forth Smart Service PCL's current EV-to-OCF of 9.31 is 31.3% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median EV-to-OCF is 7.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth Smart Service PCL's current EV-to-OCF is 9.31, which is 11% above median its own 10-year median of 8.39. 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 EV-to-OCF is 9.31, which is 11% above median its 10-year median of 8.39 and 31.3% above the Telecommunication Services industry median of 7.09. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Forth Smart Service PCL (BKK:FSMART), the current EV-to-OCF is 9.31 as of Jul. 30, 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:
EV-to-OCF: 9.31 (11% above median its 10-year median of 8.39)
GF Value™: ฿6.73 vs. price of ฿7.70 (14.4% above fair value)
Industry Position: 31.3% above the Telecommunication Services median (#234 of 367)
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
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:FSMART has been successfully added to your 
