Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
WHA PCLBKK:WHA-R 85 Cyclically Adjusted Price-to-FCF is 52.35 as of Aug. 24, 2026, which is 6% above its 10-year median of 49.23. GuruFocus rates BKK:WHA-R with a GF Score™ of 85/100 and a GF Value™ of ฿3.84. The stock has 8 warning signs investors should review. Among 744 Real Estate companies, WHA PCL ranks worse than 86.29% on this metric.
As of today (2026-08-24), WHA PCL's current share price is ฿4.18807. WHA PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ฿0.08. WHA PCL's Cyclically Adjusted Price-to-FCF for today is 52.35.
The historical rank and industry rank for WHA PCL's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
BKK:WHA-R'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.8 Med: 49.23 Max: 74
Current: 47.51
During the past years, WHA PCL's highest Cyclically Adjusted Price-to-FCF was 74.00. The lowest was 20.80. And the median was 49.23.
BKK:WHA-R's Cyclically Adjusted Price-to-FCF is ranked worse than 86.29% of 744
companies
in the Real Estate industry
Industry Median: 11.91
vs BKK:WHA-R: 47.51
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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.
WHA PCL's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ฿0.055. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ฿0.08 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
WHA PCL Cyclically Adjusted Price-to-FCF Related Terms
WHA PCL Cyclically Adjusted Price-to-FCF Historical Data
* Premium members only.
The historical data trend for WHA PCL's Cyclically Adjusted Price-to-FCF 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.
BKK:WHA-R vs CBRE, BEKE, JLL: Cyclically Adjusted Price-to-FCF Comparison
For the Real Estate Services subindustry, WHA PCL's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.
WHA PCL Cyclically Adjusted Price-to-FCF vs Real Estate Industry
For the Real Estate industry and Real Estate sector, WHA PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where WHA PCL's Cyclically Adjusted Price-to-FCF falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.
WHA PCL's Cyclically Adjusted Price-to-FCF for today is calculated as
* 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.
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.
What does a Cyclically Adjusted Price-to-FCF of 52.35 mean?
WHA PCL (BKK:WHA-R) has a Cyclically Adjusted Price-to-FCF of 52.35 as of Aug. 24, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on WHA PCL and its competitors. This is near median its historical median of 49.23. Over the past decade, WHA PCL's Cyclically Adjusted Price-to-FCF has ranged from 20.80 to 74.00. According to the industry distribution chart, WHA PCL ranks #642 out of 744 companies in the Real Estate industry, placing it in the top 86.3%.
Is WHA PCL's Cyclically Adjusted Price-to-FCF too high?
WHA PCL's current Cyclically Adjusted Price-to-FCF of 52.35 is near median its 10-year median of 49.23. Over the past 10 years, this metric has ranged from a low of 20.80 to a high of 74.00. The Real Estate industry median Cyclically Adjusted Price-to-FCF is 11.91. WHA PCL's value of 52.35 is 339.5% above this industry median. Based on the distribution chart, WHA PCL ranks #642 out of 744 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, WHA PCL has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does WHA PCL's Cyclically Adjusted Price-to-FCF compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, WHA PCL ranks #642 out of 744 companies for Cyclically Adjusted Price-to-FCF. This places WHA PCL in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 11.91. WHA PCL's value of 52.35 is 339.5% above this benchmark. Historically, WHA PCL's own Cyclically Adjusted Price-to-FCF has ranged from 20.80 to 74.00 over the past decade. While the company's 10-year median is 49.23 vs. the industry median of 11.91, WHA PCL has consistently been above 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 Cyclically Adjusted Price-to-FCF for a Real Estate company?
The median Cyclically Adjusted Price-to-FCF among Real Estate companies is 11.91, based on 744 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA PCL's current Cyclically Adjusted Price-to-FCF of 52.35 is 339.5% 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 Cyclically Adjusted Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on WHA PCL and its competitors. For the Real Estate industry, the median Cyclically Adjusted Price-to-FCF is 11.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA PCL's current Cyclically Adjusted Price-to-FCF is 52.35, which is near median its own 10-year median of 49.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WHA PCL stock overvalued right now?
WHA PCL (BKK:WHA-R) has a current Cyclically Adjusted Price-to-FCF of 52.35. The stock's GF Value™ is ฿3.84, compared to a current price of ฿4.19 — trading 9.1% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 52.35, which is near median its 10-year median of 49.23 and 339.5% above the Real Estate industry median of 11.91. WHA PCL's overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For WHA PCL (BKK:WHA-R), the current Cyclically Adjusted Price-to-FCF is 52.35 as of Aug. 24, 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 WHA PCL (BKK:WHA-R) Overvalued in 2026?
Based on GuruFocus' analysis, WHA PCL stock appears to be overvalued.
The current stock price of ฿4.19 is trading 9.1% above its estimated GF Value™ of ฿3.84.
Key valuation signals for BKK:WHA-R:
Cyclically Adjusted Price-to-FCF: 52.35 (near median its 10-year median of 49.23)
GF Value™: ฿3.84 vs. price of ฿4.19 (9.1% above fair value)
Industry Position: 339.5% above the Real Estate median (#642 of 744)
No single metric tells the full story. See the BKK:WHA-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WHA Corp PCL is engaged in providing rent and sale of lands, buildings, factories, warehouses, and other properties; developing and managing properties in industrial estates and industrial zones; providing public utilities, facilities, and other related services; and providing digital services, data center, Internet connection, and other IT services. The company operates in four segments domestically: Real Estate, Power, Water, and Others; and three segments internationally: Real Estate, Water, and Others. It generates the majority of its revenue from the Real Estate segment in the form of leases & services, and sales. Geographically, it operates in the domestic market and the overseas market.
85GF Score
Get the complete analysis for BKK:WHA-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:WHA-R has been successfully added to your 
