WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (BKK:WHART) Cyclically Adjusted PS Ratio: 9.48 (As of Jul. 15, 2026) — Near Median

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BKK:WHART WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust BKK:WHART
76 GF Score
Price ฿11.00
GF Value ฿9.95
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Cyclically Adjusted PS Ratio?

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust BKK:WHART +0.92% 76 Cyclically Adjusted PS Ratio is 9.48 as of Jul. 15, 2026, which is 7% above its 10-year median of 8.86. GuruFocus rates BKK:WHART with a GF Score™ of 76/100 and a GF Value™ of ฿9.95 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 554 REITs companies, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust ranks worse than 79.96% on this metric.

As of today (2026-07-15), WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's current share price is ฿11.00. WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿1.16. WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 9.48.

The historical rank and industry rank for WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

BKK:WHART' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.63   Med: 8.86   Max: 9.74
Current: 9.58

During the past years, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 9.74. The lowest was 7.63. And the median was 8.86.

BKK:WHART's Cyclically Adjusted PS Ratio is ranked worse than
79.96% of 554 companies
in the REITs industry
Industry Median: 5.91 vs BKK:WHART: 9.58

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.

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.247. 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 ฿1.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust  (BKK:WHART) 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.


WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms


WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust'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.

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 8.99 9.34

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.94 7.88 8.63 9.34 8.72

BKK:WHART vs VICI, WPC, BNL: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust'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.


WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio falls into.


BKK:WHART
76GF Score
WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust BKK:WHART
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust 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.

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.00/1.16
=9.48

* 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.

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.247/330.2130*330.2130
=0.247

Current CPI (Mar. 2026) = 330.2130.

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.251 241.018 0.344
201609 0.250 241.428 0.342
201612 0.197 241.432 0.269
201703 0.246 243.801 0.333
201706 0.249 244.955 0.336
201709 0.246 246.819 0.329
201712 0.167 246.524 0.224
201803 0.250 249.554 0.331
201806 0.241 251.989 0.316
201809 0.237 252.439 0.310
201812 0.221 251.233 0.290
201903 0.240 254.202 0.312
201906 0.246 256.143 0.317
201909 0.245 256.759 0.315
201912 0.227 256.974 0.292
202003 0.245 258.115 0.313
202006 0.248 257.797 0.318
202009 0.251 260.280 0.318
202012 0.227 260.474 0.288
202103 0.239 264.877 0.298
202106 0.206 271.696 0.250
202109 0.247 274.310 0.297
202112 0.209 278.802 0.248
202203 0.248 287.504 0.285
202206 0.252 296.311 0.281
202209 0.261 296.808 0.290
202212 0.257 296.797 0.286
202303 0.263 301.836 0.288
202306 0.262 305.109 0.284
202309 0.257 307.789 0.276
202312 0.241 306.746 0.259
202403 0.248 312.332 0.262
202406 0.250 314.175 0.263
202409 0.256 315.301 0.268
202412 0.260 315.605 0.272
202503 0.250 319.799 0.258
202506 0.249 322.561 0.255
202509 0.262 324.800 0.266
202512 0.251 324.054 0.256
202603 0.247 330.213 0.247

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.

What does a Cyclically Adjusted PS Ratio of 9.48 mean?
WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (BKK:WHART) has a Cyclically Adjusted PS Ratio of 9.48 as of Jul. 15, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust and its competitors. This is near median its historical median of 8.86. Over the past decade, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio has ranged from 7.63 to 9.74. According to the industry distribution chart, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust ranks #443 out of 554 companies in the REITs industry, placing it in the top 80%.
Is WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio too high?
WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 9.48 is near median its 10-year median of 8.86. Over the past 10 years, this metric has ranged from a low of 7.63 to a high of 9.74. The REITs industry median Cyclically Adjusted PS Ratio is 5.91. WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's value of 9.48 is 60.4% above this industry median. Based on the distribution chart, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust ranks #443 out of 554 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust ranks #443 out of 554 companies for Cyclically Adjusted PS Ratio. This places WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.91. WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's value of 9.48 is 60.4% above this benchmark. Historically, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 7.63 to 9.74 over the past decade. While the company's 10-year median is 8.86 vs. the industry median of 5.91, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust 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 PS Ratio for a REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.91, based on 554 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 9.48 is 60.4% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's current Cyclically Adjusted PS Ratio is 9.48, which is near median its own 10-year median of 8.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (BKK:WHART) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿9.95, compared to a current price of ฿11.00 — trading 10.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.48, which is near median its 10-year median of 8.86 and 60.4% above the REITs industry median of 5.91. WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust's overall GF Score™ is 76/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (BKK:WHART), the current Cyclically Adjusted PS Ratio is 9.48 as of Jul. 15, 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 Premium Growth Freehold and Leasehold Real Estate Investment Trust (BKK:WHART) Overvalued in 2026?

Based on GuruFocus' analysis, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust stock appears to be overvalued. The current stock price of ฿11.00 is trading 10.6% above its estimated GF Value™ of ฿9.95. GuruFocus considers WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for BKK:WHART:

  • Cyclically Adjusted PS Ratio: 9.48 (near median its 10-year median of 8.86)
  • GF Value™: ฿9.95 vs. price of ฿11.00 (10.6% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 60.4% above the REITs median (#443 of 554)

No single metric tells the full story. See the BKK:WHART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges WHART-F:Thailand
Address Debaratna Road, KM.7, 777 WHA TOWER, 22nd Floor, Room 2206, Moo 13, Bang Kaeo, Bang Phli District, Samutprakarn, THA, 10540
WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust is a real estate investment trust. Its objective is to seek funds from investors, investing mostly in property or property leasehold rights and generating benefit from such properties including to improve, alter, develop, or dispose other assets in which the trust invests or possess whatsoever lease, sub-lease or sale or other process for the benefit of the property and create the revenue and return to the trust and the unitholders.
76GF Score

Get the complete analysis for BKK:WHART

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

฿11.00
Price
฿9.95
GF Value