Forth PCL (BKK:FORTH-R) Shiller PE Ratio: 11.29 (As of Jul. 01, 2026) — 42% Below Median


BKK:FORTH-R Forth Corp PCL BKK:FORTH-R
84 GF Score
Price ฿6.44
GF Value ฿5.95
! 10 Warning Signs
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What is Forth PCL Shiller PE Ratio?

Forth PCL BKK:FORTH-R 84 Shiller PE Ratio is 11.29 as of Jul. 01, 2026, which is 42% below its 10-year median of 19.46. GuruFocus rates BKK:FORTH-R with a GF Score™ of 84/100 and a GF Value™ of ฿5.95. The stock has 10 warning signs investors should review. Among 358 Conglomerates companies, Forth PCL ranks worse than 63.97% on this metric.

As of today (2026-07-01), Forth PCL's current share price is ฿6.4372. Forth PCL's E10 for the quarter that ended in Mar. 2026 was ฿0.57. Forth PCL's Shiller PE Ratio for today is 11.29.

The historical rank and industry rank for Forth PCL's Shiller PE Ratio or its related term are showing as below:

BKK:FORTH-R' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.03   Med: 19.46   Max: 120.1
Current: 23.38

During the past years, Forth PCL's highest Shiller PE Ratio was 120.10. The lowest was 9.03. And the median was 19.46.

BKK:FORTH-R's Shiller PE Ratio is ranked worse than
63.97% of 358 companies
in the Conglomerates industry
Industry Median: 17.645 vs BKK:FORTH-R: 23.38

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Forth PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.179. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ฿0.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forth PCL  (BKK:FORTH-R) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Forth PCL Shiller PE Ratio Related Terms


Forth PCL Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Forth PCL's Shiller PE Ratio 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 Shiller PE Ratio Chart

Forth PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.58 59.31 39.06 18.15 9.23

Forth PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shiller PE Ratio 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 11.26 12.70 14.75 9.23 11.30

BKK:FORTH-R vs HON, MMM: Shiller PE Ratio Comparison

For the Conglomerates subindustry, Forth PCL's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Forth PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Forth PCL's Shiller PE Ratio falls into.


BKK:FORTH-R
84GF Score
Forth Corp PCL BKK:FORTH-R
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forth PCL Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Forth PCL's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=6.4372/0.57
=11.29

* 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's E10 for the quarter that ended in Mar. 2026 is calculated as:

For example, Forth PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.179/330.2130*330.2130
=0.179

Current CPI (Mar. 2026) = 330.2130.

Forth PCL Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201606 0.090 241.018 0.123
201609 0.100 241.428 0.137
201612 0.078 241.432 0.107
201703 0.050 243.801 0.068
201706 0.120 244.955 0.162
201709 0.060 246.819 0.080
201712 0.050 246.524 0.067
201803 0.120 249.554 0.159
201806 0.180 251.989 0.236
201809 0.140 252.439 0.183
201812 0.108 251.233 0.142
201903 0.080 254.202 0.104
201906 0.070 256.143 0.090
201909 0.120 256.759 0.154
201912 0.072 256.974 0.093
202003 0.080 258.115 0.102
202006 0.050 257.797 0.064
202009 0.140 260.280 0.178
202012 0.200 260.474 0.254
202103 0.200 264.877 0.249
202106 0.220 271.696 0.267
202109 0.160 274.310 0.193
202112 0.199 278.802 0.236
202203 0.250 287.504 0.287
202206 0.160 296.311 0.178
202209 0.250 296.808 0.278
202212 0.167 296.797 0.186
202303 0.240 301.836 0.263
202306 0.220 305.109 0.238
202309 0.130 307.789 0.139
202312 0.020 306.746 0.022
202403 0.090 312.332 0.095
202406 0.112 314.175 0.118
202409 0.020 315.301 0.021
202412 0.018 315.605 0.019
202503 0.065 319.799 0.067
202506 0.131 322.561 0.134
202509 0.440 324.800 0.447
202512 0.250 324.054 0.255
202603 0.179 330.213 0.179

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 11.29 mean?
Forth PCL (BKK:FORTH-R) has a Shiller PE Ratio of 11.29 as of Jul. 01, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Forth PCL and its competitors. This is 42% below median its historical median of 19.46. Over the past decade, Forth PCL's Shiller PE Ratio has ranged from 9.03 to 120.10. According to the industry distribution chart, Forth PCL ranks #229 out of 358 companies in the Conglomerates industry, placing it in the top 64%.
Is Forth PCL's Shiller PE Ratio too high?
Forth PCL's current Shiller PE Ratio of 11.29 is 42% below median its 10-year median of 19.46. Over the past 10 years, this metric has ranged from a low of 9.03 to a high of 120.10. The Conglomerates industry median Shiller PE Ratio is 17.65. Forth PCL's value of 11.29 is 36% below this industry median. Based on the distribution chart, Forth PCL ranks #229 out of 358 companies in the Conglomerates industry, which is below the industry midpoint. 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 Shiller PE Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Forth PCL ranks #229 out of 358 companies for Shiller PE Ratio. This places Forth PCL in the lower half of its industry. The industry median Shiller PE Ratio is 17.65. Forth PCL's value of 11.29 is 36% below this benchmark. Historically, Forth PCL's own Shiller PE Ratio has ranged from 9.03 to 120.10 over the past decade. While the company's 10-year median is 19.46 vs. the industry median of 17.65, Forth PCL has consistently been below 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 Shiller PE Ratio for a Conglomerates company?
The median Shiller PE Ratio among Conglomerates companies is 17.65, based on 358 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forth PCL's current Shiller PE Ratio of 11.29 is 36% below 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Forth PCL and its competitors. For the Conglomerates industry, the median Shiller PE Ratio is 17.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth PCL's current Shiller PE Ratio is 11.29, which is 42% below median its own 10-year median of 19.46. 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 Shiller PE Ratio of 11.29. The stock's GF Value™ is ฿5.95, compared to a current price of ฿6.44 — trading 8.2% above its estimated fair value. The current Shiller PE Ratio is 11.29, which is 42% below median its 10-year median of 19.46 and 36% below the Conglomerates industry median of 17.65. Forth PCL's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Forth PCL (BKK:FORTH-R), the current Shiller PE Ratio is 11.29 as of Jul. 01, 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 8.2% above its estimated GF Value™ of ฿5.95.

Key valuation signals for BKK:FORTH-R:

  • Shiller PE Ratio: 11.29 (42% below median its 10-year median of 19.46)
  • GF Value™: ฿5.95 vs. price of ฿6.44 (8.2% above fair value)
  • GF Score™: 84/100 with 10 warning signs
  • Industry Position: 36% below the Conglomerates median (#229 of 358)

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

Other Exchanges FORTH:Thailand
Address 1053/1, Phaholyothin Road, Phayathai, Phayathai, Bangkok, THA, 10400
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

Get the complete analysis for BKK:FORTH-R

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

฿6.44
Price
฿5.95
GF Value