Forth PCLBKK:FORTH +11.03%84 ROA % is 5.22% as of Mar. 2026, which is 8% below its 10-year median of 5.69. 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. Among 565 Conglomerates companies, Forth PCL ranks better than 85.13% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Forth PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿671 Mil.
Forth PCL's average Total Assets over the quarter that ended in Mar. 2026 was ฿12,873 Mil. Therefore, Forth PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 5.22%.
The historical rank and industry rank for Forth PCL's ROA % or its related term are showing as below:
BKK:FORTH'
s ROA % Range Over the Past 10 Years
Min: 1.91 Med: 5.69 Max: 8.69
Current: 7.31
During the past 13 years, Forth PCL's highest ROA % was 8.69%. The lowest was 1.91%. And the median was 5.69%.
BKK:FORTH's ROA % is ranked better than 85.13% of 565
companies
in the Conglomerates industry
Industry Median: 2.47
vs BKK:FORTH: 7.31
Forth PCL (BKK:FORTH) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Forth PCL ROA % Related Terms
Forth PCL ROA % Historical Data
* Premium members only.
The historical data trend for Forth PCL's ROA % 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.
For the Conglomerates subindustry, Forth PCL's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Forth PCL's ROA % distribution charts can be found below:
* The bar in red indicates where Forth PCL's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Forth PCL (BKK:FORTH) has a ROA % of 5.22% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Forth PCL and its competitors. This is near median its historical median of 5.69. Over the past decade, Forth PCL's ROA % has ranged from 1.91 to 8.69. According to the industry distribution chart, Forth PCL ranks #84 out of 565 companies in the Conglomerates industry, placing it in the top 14.9%.
Is Forth PCL's ROA % too high?
Forth PCL's current ROA % of 5.22% is near median its 10-year median of 5.69. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 8.69. The Conglomerates industry median ROA % is 2.47. Forth PCL's value of 5.22% is 111.3% above this industry median. Based on the distribution chart, Forth PCL ranks #84 out of 565 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 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forth PCL's ROA % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Forth PCL ranks #84 out of 565 companies for ROA %. This places Forth PCL in the top 15% of its industry — outperforming the majority of peers. The industry median ROA % is 2.47. Forth PCL's value of 5.22% is 111.3% above this benchmark. Historically, Forth PCL's own ROA % has ranged from 1.91 to 8.69 over the past decade. While the company's 10-year median is 5.69 vs. the industry median of 2.47, 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 ROA % for a Conglomerates company?
The median ROA % among Conglomerates companies is 2.47, based on 565 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forth PCL's current ROA % of 5.22% is 111.3% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Forth PCL and its competitors. For the Conglomerates industry, the median ROA % is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth PCL's current ROA % is 5.22%, which is near median its own 10-year median of 5.69. 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 ROA % is 5.22%, which is near median its 10-year median of 5.69 and 111.3% above the Conglomerates industry median of 2.47. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Forth PCL (BKK:FORTH), the current ROA % is 5.22% 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:
ROA %: 5.22% (near median its 10-year median of 5.69)
GF Value™: ฿13.77 vs. price of ฿16.10 (16.9% above fair value)
Industry Position: 111.3% above the Conglomerates median (#84 of 565)
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 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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