Forth Corporation Public Company Limited (FORTH) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Forth Corporation Public Company Limited THB 18.73, price THB 14.50, upside +29.2%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
- Add to watchlist
Forth Corporation Public Company Limited
FORTH · BKUndervaluedThe stock appears undervalued with acceptable quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 5.29 THB – 58.89 THB · fair‑value band 12.85 THB – 25.75 THB · the 14.50 THB price screens below the 18.73 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Every Wednesday you see whether Forth Corporation Public Company is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
Forth Corporation Public Company Limited, together with its subsidiaries, manufactures and distributes electronic equipment in Thailand, Netherlands, United States of America, and internationally. It operates through three segments: Electronics Manufacturing Service Business; Enterprise Solutions Business; and Smart Service Business.
Show more
Forth Corporation Public Company Limited, together with its subsidiaries, manufactures and distributes electronic equipment in Thailand, Netherlands, United States of America, and internationally. It operates through three segments: Electronics Manufacturing Service Business; Enterprise Solutions Business; and Smart Service Business. It offers Forth Taglock EM, a tracking device made for prisoners; nurse call systems; GPS devices and GPS tracking systems; lighting system solutions; smart traffic light systems; smart grids; multi-service access network telephone exchange equipment; online learning and academic record management system; EV charging stations; smart meter and smart meter systems; and small gas station and oil vending machines. The company also provides top-up and payment kiosks; Boonterm Counter Service that has a touch screen with a data acquisition system that helps monitor usage and print receipts backwards; Boonterm water dispensers; automated cup beverage vending machines; smart vending machines; and KODIAK, an engineering soaring travel solution, as well as operates aircraft maintenance center. In addition, it engages in the trading of electronic parts, lamps, and lighting equipment; sale and installation of light boards and traffic systems; distribution of electronic meter; manufacture and distribution of telecommunication and electronic equipment, as well as electronic parts assembly; sale of aircraft, aircraft hangar and maintenance business, and flight training; provision of online top-up machines goods and services; and electronic commerce business, as well as design and install telecommunication equipment. Additionally, the company offers collection services through online top-up machines; nano finance and personal loan services; and provides engineering services and services related to airport electrical systems and underground power transmission systems. The company was founded in 1989 and is headquartered in Bangkok, Thailand.
Stock analysis
Forth Corporation Public Company Limited (FORTH) currently trades at 14.50 THB, while our model-based Fair Value estimate is 18.73 THB, implying the stock looks roughly 22.6% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 21.12 THB per share, and 8 of the 11 models we run sit above the 14.50 THB price.
Bear case: the Asset-Based group reads lowest at 1.98 THB, and 3 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 12.85 THB (bear) to 25.75 THB (bull), the price of 14.50 THB sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Forth Corporation Public Company Limited reported revenue of 11.0B THB in FY2025 versus 8.5B THB in FY2021, a compound +6.7%/yr. Reported net income was 824M THB in FY2025, compounding +3.3%/yr from FY2021.
Key figures
Market cap 14.8B THB (≈ $443M) · P/E ratio 14.6 · P/S ratio 1.10 · EPS (TTM) 0.9900 THB · Dividend yield 1.4% · Net margin 7.5% · Return on equity 31.0% · Return on assets (EBIT) 9.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 174% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at 29%, FORTH screens cheaper than that median.
Fair Value models
All 11 models by family
Notify me when FORTH reaches fair value
Put FORTH on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 69
Revenue & earnings trend
Growth Forecast
Watch FORTH, get fair value alerts →
Compare Forth Corporation Public Company Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 378 stocks
Valuation Multiplesvs Conglomerates median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Valuation of the Thailand market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Conglomerates stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| 3M Company MMM | $170.30 | $71.86 | −58% |
| Honeywell International Inc HON | $212.57 | $243.57 | +15% |
| CITIC Limited 0267 | HK$13.08 | HK$26.16 | +100% |
| Poste Italiane S.p.A PST | €25.71 | €9.10 | −65% |
| Swire Pacific Limited 0019 | HK$102.80 | HK$28.34 | −72% |
| CK Hutchison Holdings 0001 | HK$67.60 | HK$135.20 | +100% |
| SK Inc 034730 | 611,000 KRW | 351,594 KRW | −42% |
| Jardine Matheson Holdings J36 | $57.30 | $79.11 | +38% |
| Kingboard Holdings 0148 | HK$55.55 | HK$85.25 | +53% |
| SGH Limited SGH | A$36.69 | A$42.47 | +16% |
Explore undervalued stocks
More undervalued Industrials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Forth Corporation Public Company Limited (FORTH) overvalued or undervalued?
What is the fair value of FORTH?
What is the quality score of FORTH?
What is the price target for Forth Corporation Public Company Limited (FORTH)?
What is the Forth Corporation Public Company Limited stock forecast for 2026?
What is the revenue of Forth Corporation Public Company Limited (FORTH)?
Does Forth Corporation Public Company Limited pay a dividend?
What growth is priced into Forth Corporation Public Company Limited (FORTH)?
What discount rate (WACC) does the fair value of FORTH use?
What is a reverse DCF?
How much growth has Forth Corporation Public Company Limited (FORTH) delivered so far?
How fast is the sector of Forth Corporation Public Company Limited (FORTH) growing?
What is the free cash flow yield of Forth Corporation Public Company Limited (FORTH)?
What is the intrinsic value of Forth Corporation Public Company Limited (FORTH)?
Is Forth Corporation Public Company Limited stock overvalued or undervalued in 2026?
Is fair value the same as the market price of FORTH?
How much is Forth Corporation Public Company Limited worth?
What do the bullish and bearish scenarios say about FORTH?
What is the P/E ratio of FORTH?
How solid is the balance sheet of Forth Corporation Public Company Limited (FORTH)?
How far is FORTH from its 52-week high?
Which stocks are comparable to Forth Corporation Public Company Limited?
Is Forth Corporation Public Company Limited stock attractive at the current price?
How is the fair value of FORTH calculated?
Is it still worth investing in stocks now?
What is the share price of Forth Corporation Public Company Limited (FORTH)?
What should I pay attention to with Forth Corporation Public Company Limited right now?
Where does the earnings growth of Forth Corporation Public Company Limited (FORTH) come from?
Key figures of Forth Corporation Public Company Limited
How large is the market capitalisation of Forth Corporation Public Company Limited (FORTH)?
What is the P/S ratio of Forth Corporation Public Company Limited (FORTH)?
What are the earnings per share of Forth Corporation Public Company Limited (FORTH)?
What is the dividend yield of Forth Corporation Public Company Limited (FORTH)?
What is the net margin of Forth Corporation Public Company Limited (FORTH)?
What is the return on equity of Forth Corporation Public Company Limited (FORTH)?
What is the EBIT return on assets of Forth Corporation Public Company Limited (FORTH)?
What is the operating margin of Forth Corporation Public Company Limited (FORTH)?
How fast is revenue growing at Forth Corporation Public Company Limited (FORTH)?
How fast are earnings growing at Forth Corporation Public Company Limited (FORTH)?
How much net debt does Forth Corporation Public Company Limited (FORTH) carry?
Watch Forth Corporation Public Company Limited in the live analysis
One click puts Forth Corporation Public Company Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.