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Forth Smart Service PCL (BKK:FSMART) Cyclically Adjusted PS Ratio : 1.69 (As of May. 14, 2024)


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What is Forth Smart Service PCL Cyclically Adjusted PS Ratio?

As of today (2024-05-14), Forth Smart Service PCL's current share price is ฿6.30. Forth Smart Service PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ฿3.72. Forth Smart Service PCL's Cyclically Adjusted PS Ratio for today is 1.69.

The historical rank and industry rank for Forth Smart Service PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:

BKK:FSMART' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.53   Med: 1.88   Max: 2.38
Current: 1.64

During the past years, Forth Smart Service PCL's highest Cyclically Adjusted PS Ratio was 2.38. The lowest was 1.53. And the median was 1.88.

BKK:FSMART's Cyclically Adjusted PS Ratio is ranked worse than
64.12% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.05 vs BKK:FSMART: 1.64

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Forth Smart Service PCL's adjusted revenue per share data for the three months ended in Dec. 2023 was ฿0.700. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ฿3.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forth Smart Service PCL Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Forth Smart Service PCL's Cyclically Adjusted PS 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.

* Premium members only.

Forth Smart Service PCL Cyclically Adjusted PS Ratio Chart

Forth Smart Service PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.98

Forth Smart Service PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS 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 - - - 2.46 1.98

Competitive Comparison of Forth Smart Service PCL's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, Forth Smart Service PCL's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Smart Service PCL's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forth Smart Service PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Forth Smart Service PCL's Cyclically Adjusted PS Ratio falls into.



Forth Smart Service PCL Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Forth Smart Service PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.30/3.72
=1.69

* 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 Smart Service PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Forth Smart Service PCL's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.7/129.4194*129.4194
=0.700

Current CPI (Dec. 2023) = 129.4194.

Forth Smart Service PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.305 99.695 0.396
201406 0.330 100.560 0.425
201409 0.355 100.428 0.457
201412 0.391 99.070 0.511
201503 0.424 99.621 0.551
201506 0.471 100.684 0.605
201509 0.511 100.392 0.659
201512 0.578 99.792 0.750
201603 0.620 100.470 0.799
201606 0.665 101.688 0.846
201609 0.708 101.861 0.900
201612 0.874 101.863 1.110
201703 0.915 102.862 1.151
201706 0.984 103.349 1.232
201709 1.007 104.136 1.251
201712 1.052 104.011 1.309
201803 1.057 105.290 1.299
201806 1.075 106.317 1.309
201809 1.069 106.507 1.299
201812 1.051 105.998 1.283
201903 1.024 107.251 1.236
201906 1.031 108.070 1.235
201909 1.000 108.329 1.195
201912 0.980 108.420 1.170
202003 0.943 108.902 1.121
202006 0.877 108.767 1.044
202009 0.976 109.815 1.150
202012 0.943 109.897 1.111
202103 0.946 111.754 1.096
202106 0.947 114.631 1.069
202109 0.856 115.734 0.957
202112 0.836 117.630 0.920
202203 0.793 121.301 0.846
202206 0.765 125.017 0.792
202209 0.705 125.227 0.729
202212 0.677 125.222 0.700
202303 0.646 127.348 0.657
202306 0.676 128.729 0.680
202309 0.648 129.860 0.646
202312 0.700 129.419 0.700

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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.


Forth Smart Service PCL  (BKK:FSMART) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Forth Smart Service PCL Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Forth Smart Service PCL's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Forth Smart Service PCL (BKK:FSMART) Business Description

Traded in Other Exchanges
N/A
Address
256 Paholyothin Road, Samsennai, Phayathai, Bangkok, THA, 10400
Forth Smart Service PCL is engaged in the rendering of top-up service for prepaid phones, receipt of other online services and advertising services through online top-up machines. The company's geographical area of operations is in Thailand.

Forth Smart Service PCL (BKK:FSMART) Headlines

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