Forth Smart Service PCL (BKK:FSMART-R) EV-to-Revenue: 2.77 (As of Sep. 02, 2026) — Near Median

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BKK:FSMART-R Forth Smart Service PCL BKK:FSMART-R
61 GF Score
Price ฿7.00
GF Value ฿5.69
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Forth Smart Service PCL EV-to-Revenue?

Forth Smart Service PCL BKK:FSMART-R -1.89% 61 EV-to-Revenue is 2.77 as of Sep. 02, 2026, which is 3% above its 10-year median of 2.69. GuruFocus rates BKK:FSMART-R with a GF Score™ of 61/100 and a GF Value™ of ฿5.69 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 367 Telecommunication Services companies, Forth Smart Service PCL ranks worse than 66.21% on this metric.

EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, Forth Smart Service PCL's enterprise value is ฿5,698 Mil. Forth Smart Service PCL's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was ฿2,056 Mil. Therefore, Forth Smart Service PCL's EV-to-Revenue for today is 2.77.

The historical rank and industry rank for Forth Smart Service PCL's EV-to-Revenue or its related term are showing as below:

BKK:FSMART-R' s EV-to-Revenue Range Over the Past 10 Years
Min: 1.58   Med: 2.69   Max: 7.76
Current: 2.76

During the past 13 years, the highest EV-to-Revenue of Forth Smart Service PCL was 7.76. The lowest was 1.58. And the median was 2.69.

BKK:FSMART-R's EV-to-Revenue is ranked worse than
66.21% of 367 companies
in the Telecommunication Services industry
Industry Median: 2.03 vs BKK:FSMART-R: 2.76

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

As of today (2026-09-02), Forth Smart Service PCL's stock price is ฿7.0022. Forth Smart Service PCL's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was ฿2.76. Therefore, Forth Smart Service PCL's PS Ratio for today is 2.54.


Forth Smart Service PCL  (BKK:FSMART-R) EV-to-Revenue Explanation

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

Forth Smart Service PCL's PS Ratiofor today is calculated as:

PS Ratio=Share Price (Today)/Revenue per Share (TTM)
=7.0022/2.757
=2.54

Forth Smart Service PCL's share price for today is ฿7.0022.
Forth Smart Service PCL's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿2.76.

* 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 EV-to-Revenue Related Terms


Forth Smart Service PCL EV-to-Revenue Historical Data

* Premium members only.

The historical data trend for Forth Smart Service PCL's EV-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 Smart Service PCL EV-to-Revenue Chart

Forth Smart Service PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.43 4.52 2.81 3.09 2.48

Forth Smart Service PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-Revenue 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 2.17 3.35 2.48 2.35 2.84

BKK:FSMART-R vs VZ, TMUS, T: EV-to-Revenue Comparison

For the Telecom Services subindustry, Forth Smart Service PCL's EV-to-Revenue, along with its competitors' market caps and EV-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 Smart Service PCL EV-to-Revenue vs Telecommunication Services Industry

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

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


BKK:FSMART-R
61GF Score
Forth Smart Service PCL BKK:FSMART-R
EV-to-Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forth Smart Service PCL EV-to-Revenue Calculation

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

Forth Smart Service PCL's EV-to-Revenue for today is calculated as:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=5697.761/2055.715
=2.77

Forth Smart Service PCL's current Enterprise Value is ฿5,698 Mil.
Forth Smart Service PCL's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿2,056 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 EV-to-Revenue →
What does a EV-to-Revenue of 2.77 mean?
Forth Smart Service PCL (BKK:FSMART-R) has a EV-to-Revenue of 2.77 as of Sep. 02, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Forth Smart Service PCL and its competitors. This is near median its historical median of 2.69. Over the past decade, Forth Smart Service PCL's EV-to-Revenue has ranged from 1.58 to 7.76. According to the industry distribution chart, Forth Smart Service PCL ranks #243 out of 367 companies in the Telecommunication Services industry, placing it in the top 66.2%.
Is Forth Smart Service PCL's EV-to-Revenue too high?
Forth Smart Service PCL's current EV-to-Revenue of 2.77 is near median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 7.76. The Telecommunication Services industry median EV-to-Revenue is 2.03. Forth Smart Service PCL's value of 2.77 is 36.5% above this industry median. Based on the distribution chart, Forth Smart Service PCL ranks #243 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 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forth Smart Service PCL's EV-to-Revenue compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Forth Smart Service PCL ranks #243 out of 367 companies for EV-to-Revenue. This places Forth Smart Service PCL in the lower half of its industry. The industry median EV-to-Revenue is 2.03. Forth Smart Service PCL's value of 2.77 is 36.5% above this benchmark. Historically, Forth Smart Service PCL's own EV-to-Revenue has ranged from 1.58 to 7.76 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 2.03, 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-Revenue for a Telecommunication Services company?
The median EV-to-Revenue among Telecommunication Services companies is 2.03, based on 367 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue 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-Revenue of 2.77 is 36.5% 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-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Forth Smart Service PCL and its competitors. For the Telecommunication Services industry, the median EV-to-Revenue is 2.03 — 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-Revenue is 2.77, which is near median its own 10-year median of 2.69. 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-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿5.69, compared to a current price of ฿7.00 — trading 23.1% above its estimated fair value. The current EV-to-Revenue is 2.77, which is near median its 10-year median of 2.69 and 36.5% above the Telecommunication Services industry median of 2.03. Forth Smart Service PCL's overall GF Score™ is 61/100 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-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For Forth Smart Service PCL (BKK:FSMART-R), the current EV-to-Revenue is 2.77 as of Sep. 02, 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-R) Overvalued in 2026?

Based on GuruFocus' analysis, Forth Smart Service PCL stock appears to be overvalued. The current stock price of ฿7.00 is trading 23.1% above its estimated GF Value™ of ฿5.69. GuruFocus considers Forth Smart Service PCL to be Modestly Overvalued.

Key valuation signals for BKK:FSMART-R:

  • EV-to-Revenue: 2.77 (near median its 10-year median of 2.69)
  • GF Value™: ฿5.69 vs. price of ฿7.00 (23.1% above fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 36.5% above the Telecommunication Services median (#243 of 367)

No single metric tells the full story. See the BKK:FSMART-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forth Smart Service PCL Business Description

Other Exchanges FSMART:Thailand
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.
61GF Score

Get the complete analysis for BKK:FSMART-R

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

฿7.00
Price
฿5.69
GF Value