Forth PCLBKK:FORTH-R 84 Return-on-Tangible-Equity is 24.52% as of Mar. 2026, which is 18% below its 10-year median of 30.02. GuruFocus rates BKK:FORTH-R with a GF Score™ of 84/100 and a GF Value™ of ฿6.11. The stock has 6 warning signs investors should review. Among 546 Conglomerates companies, Forth PCL ranks better than 89.74% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Forth PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿671 Mil. Forth PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,738 Mil. Therefore, Forth PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 24.52%.
The historical rank and industry rank for Forth PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:FORTH-R'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.52 Med: 30.02 Max: 52.22
Current: 39.35
During the past 13 years, Forth PCL's highest Return-on-Tangible-Equity was 52.22%. The lowest was 11.52%. And the median was 30.02%.
BKK:FORTH-R's Return-on-Tangible-Equity is ranked better than 89.74% of 546
companies
in the Conglomerates industry
Industry Median: 7.41
vs BKK:FORTH-R: 39.35
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Forth PCL Return-on-Tangible-Equity Related Terms
Forth PCL Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Forth PCL's Return-on-Tangible-Equity 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.
BKK:FORTH-R vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Forth PCL's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Forth PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Forth PCL's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 24.52% mean?
Forth PCL (BKK:FORTH-R) has a Return-on-Tangible-Equity of 24.52% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Forth PCL and its competitors. This is 18% below median its historical median of 30.02. Over the past decade, Forth PCL's Return-on-Tangible-Equity has ranged from 11.52 to 52.22. According to the industry distribution chart, Forth PCL ranks #56 out of 546 companies in the Conglomerates industry, placing it in the top 10.3%.
Is Forth PCL's Return-on-Tangible-Equity too high?
Forth PCL's current Return-on-Tangible-Equity of 24.52% is 18% below median its 10-year median of 30.02. Over the past 10 years, this metric has ranged from a low of 11.52 to a high of 52.22. The Conglomerates industry median Return-on-Tangible-Equity is 7.41. Forth PCL's value of 24.52% is 230.9% above this industry median. Based on the distribution chart, Forth PCL ranks #56 out of 546 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. 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 Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Forth PCL ranks #56 out of 546 companies for Return-on-Tangible-Equity. This places Forth PCL in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.41. Forth PCL's value of 24.52% is 230.9% above this benchmark. Historically, Forth PCL's own Return-on-Tangible-Equity has ranged from 11.52 to 52.22 over the past decade. While the company's 10-year median is 30.02 vs. the industry median of 7.41, Forth 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 Return-on-Tangible-Equity for a Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.41, based on 546 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forth PCL's current Return-on-Tangible-Equity of 24.52% is 230.9% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Forth PCL and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth PCL's current Return-on-Tangible-Equity is 24.52%, which is 18% below median its own 10-year median of 30.02. 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 Return-on-Tangible-Equity of 24.52%. The stock's GF Value™ is ฿6.11, compared to a current price of ฿6.44 — trading 5.4% above its estimated fair value. The current Return-on-Tangible-Equity is 24.52%, which is 18% below median its 10-year median of 30.02 and 230.9% above the Conglomerates industry median of 7.41. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Forth PCL (BKK:FORTH-R), the current Return-on-Tangible-Equity is 24.52% 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 5.4% above its estimated GF Value™ of ฿6.11.
Key valuation signals for BKK:FORTH-R:
Return-on-Tangible-Equity: 24.52% (18% below median its 10-year median of 30.02)
GF Value™: ฿6.11 vs. price of ฿6.44 (5.4% above fair value)
Industry Position: 230.9% above the Conglomerates median (#56 of 546)
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 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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