Forth PCL (BKK:FORTH-R) ROCE %: 26.44% (As of Mar. 2026)

What is Forth PCL ROCE %?

Forth PCL BKK:FORTH-R 84 ROCE % is 26.44% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Forth PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 26.44%.

Forth PCL (BKK:FORTH-R) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Forth PCL ROCE % Related Terms

Forth PCL ROCE % Historical Data

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The historical data trend for Forth PCL's ROCE % 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 PCL ROCE % Chart

Forth PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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40.17

38.25

26.61

17.78

34.44

Forth PCL Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															21.90	26.67	58.22	34.28	26.44

84GF Score

Forth Corp PCL BKK:FORTH-R

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Forth PCL ROCE % Calculation

Forth PCL's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	1620.213	/	( ( (12137.54 - 7814.421)	+	(12635.498 - 7550.595) )	/ 2 )
	=	1620.213	/	( (4323.119	+	5084.903)	/ 2 )
	=	1620.213	/	4704.011
	=	34.44 %

Forth PCL's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	1372.54	/	( ( (12635.498 - 7550.595)	+	(13111.173 - 7814.169) )	/ 2 )
	=	1372.54	/	( ( 5084.903	+	5297.004 )	/ 2 )
	=	1372.54	/	5190.9535
	=	26.44 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 26.44% mean?

Forth PCL (BKK:FORTH-R) has a ROCE % of 26.44% as of Mar. 2026.

Is Forth PCL's ROCE % too high?

Forth PCL's current ROCE % is 26.44%. The Conglomerates industry median ROCE % is 6.92. Forth PCL's value of 26.44% is 282.1% above this industry median. 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 ROCE % compare to HON and MMM?

Forth PCL's ROCE % of 26.44% can be compared against companies in the Conglomerates industry. The industry median ROCE % is 6.92. Forth PCL's value of 26.44% is 282.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Conglomerates company?

The median ROCE % among Conglomerates companies is 6.92, based on 556 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forth PCL's current ROCE % of 26.44% is 282.1% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Conglomerates industry, the median ROCE % is 6.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth PCL's current ROCE % is 26.44%. 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 ROCE % of 26.44%. 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 ROCE % is 26.44% and 282.1% above the Conglomerates industry median of 6.92. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Forth PCL (BKK:FORTH-R), the current ROCE % is 26.44% 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:

ROCE %: 26.44%
GF Value™: ฿6.11 vs. price of ฿6.44 (5.4% above fair value)
GF Score™: 84/100 with 6 warning signs
Industry Position: 282.1% above the Conglomerates median

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 PCL Business Description

Industry Industrials Conglomerates

Comparable Companies BKK:TTA BKK:VGI BKK:SUC BKK:PCC BKK:LOXLEY BKK:MBK BKK:RABBIT BKK:ACC BKK:UREKA BKK:ETE ADX:IHC HON TSE:6501 TSE:8058 TSE:8031 TSE:8001 MMM TSE:8002 TSE:8053 TSE:5803

Other Exchanges FORTH:Thailand

Address 1053/1, Phaholyothin Road, Phayathai, Phayathai, Bangkok, THA, 10400

Website https://www.forth.co.th

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

฿6.44

Price

฿6.11

GF Value

View BKK:FORTH-R Analysis

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