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Forth

SET:FORTH · TH0920010Z09
Electronic Equipment, Instruments & ComponentsSmall

360

94
EV / EBIT50
Price / Owner Earnings48
Owner Earnings Yield85
Dividend Yield83
Price/Sales60
EV / Gross Profit52
Price/Book10
Return on Capital93
Cash Return on Capital95
Return on Equity100
EBIT Margin90
Gross Profitability78
Cash Conversion58
Accruals59
Owner Earnings Margin95
Sales growth89
Profit Growth19
Long-Term EPS Growth69
Owner Earnings Growth93
Reinvestment80
Price momentum90
Debt load21
Refinancing61
Debt Payback34
Liquidity72
Analyst ratings100
Opinion Changes50
Price Target Upside5
Market mood63
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Forth generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryThailand
IndustryElectronic Equipment, Instruments & Components
SizeSmall
TypePublic Company
ExchangeSET
Founded2005
Employees53
Websiteforth.co.th
ISINTH0920010Z09
Last UpdateApr 2, 2026
Indices
SET (Thailand)
Themes
Process AutomationElectric Vehicle Charging InfrastructureSmart EnergyDetectors, Sensors and MemsGPSSmart BuildingElectronicsManufacturingService IndustryTelecommunications

Description

Forth Corporation Public Company Limited engages in the manufacture and distribution of electronic equipment, as well as undertakes project work related to the design and installation of telecommunication equipment. Business Segments The company op…

Analysis

Quality compounder

Forth Corporation Public Company Limited earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is attractive. The owner-earnings multiple stands at 11.6×; owner earnings: the cash an owner could take out each year.

Growth is solid; the safety picture is adequate. The company scores 20/20 on our value-creation score: strong value creator.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
86
2026

All-time high

86

Jun 2026

All-time low

71

Mar 2026

Average rank

79

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
60
—
—
—
Price/Earnings
33
—
—
—
Price/Book
10
—
—
—
Dividend Yield
83
—
—
—
Value (overall)
37
—
—
—

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →