WHA Utilities and Power PCL (BKK:WHAUP) Debt-to-EBITDA : 5.17 (As of Jun. 2026) — 27% Below Median

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BKK:WHAUP WHA Utilities and Power PCL BKK:WHAUP
77 GF Score
Price ฿7.50
GF Value ฿5.41
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is WHA Utilities and Power PCL Debt-to-EBITDA?

WHA Utilities and Power PCL BKK:WHAUP +1.35% 77 Debt-to-EBITDA is 5.17 as of Jun. 2026, which is 27% below its 10-year median of 7.04. GuruFocus rates BKK:WHAUP with a GF Score™ of 77/100 and a GF Value™ of ฿5.41 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 452 Utilities - Regulated companies, WHA Utilities and Power PCL ranks worse than 76.77% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

WHA Utilities and Power PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ฿2,986 Mil. WHA Utilities and Power PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ฿14,598 Mil. WHA Utilities and Power PCL's annualized EBITDA for the quarter that ended in Jun. 2026 was ฿3,399 Mil. WHA Utilities and Power PCL's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 5.17.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for WHA Utilities and Power PCL's Debt-to-EBITDA or its related term are showing as below:

BKK:WHAUP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.02   Med: 7.04   Max: 11.28
Current: 6.46

During the past 13 years, the highest Debt-to-EBITDA Ratio of WHA Utilities and Power PCL was 11.28. The lowest was 3.02. And the median was 7.04.

BKK:WHAUP's Debt-to-EBITDA is ranked worse than
76.77% of 452 companies
in the Utilities - Regulated industry
Industry Median: 4.14 vs BKK:WHAUP: 6.46

WHA Utilities and Power PCL  (BKK:WHAUP) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


WHA Utilities and Power PCL Debt-to-EBITDA Related Terms


WHA Utilities and Power PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for WHA Utilities and Power PCL's Debt-to-EBITDA 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 Utilities and Power PCL Debt-to-EBITDA Chart

WHA Utilities and Power PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.61 11.28 6.00 7.75 7.73

WHA Utilities and Power PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA 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 9.09 5.14 10.39 6.37 5.17

BKK:WHAUP vs AWK, WTRG, AWR: Debt-to-EBITDA Comparison

For the Utilities - Regulated Water subindustry, WHA Utilities and Power PCL's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Utilities and Power PCL Debt-to-EBITDA vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, WHA Utilities and Power PCL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where WHA Utilities and Power PCL's Debt-to-EBITDA falls into.


BKK:WHAUP
77GF Score
WHA Utilities and Power PCL BKK:WHAUP
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WHA Utilities and Power PCL Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

WHA Utilities and Power PCL's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3871.347 + 12997.558) / 2182.126
=7.73

WHA Utilities and Power PCL's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2985.889 + 14598.484) / 3399.196
=5.17

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 5.17 mean?
WHA Utilities and Power PCL (BKK:WHAUP) has a Debt-to-EBITDA of 5.17 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on WHA Utilities and Power PCL. This is 27% below median its historical median of 7.04. Over the past decade, WHA Utilities and Power PCL's Debt-to-EBITDA has ranged from 3.02 to 11.28. According to the industry distribution chart, WHA Utilities and Power PCL ranks #347 out of 452 companies in the Utilities - Regulated industry, placing it in the top 76.8%.
Is WHA Utilities and Power PCL's Debt-to-EBITDA too high?
WHA Utilities and Power PCL's current Debt-to-EBITDA of 5.17 is 27% below median its 10-year median of 7.04. Over the past 10 years, this metric has ranged from a low of 3.02 to a high of 11.28. The Utilities - Regulated industry median Debt-to-EBITDA is 4.14. WHA Utilities and Power PCL's value of 5.17 is 24.9% above this industry median. Based on the distribution chart, WHA Utilities and Power PCL ranks #347 out of 452 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, WHA Utilities and Power PCL has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WHA Utilities and Power PCL's Debt-to-EBITDA compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, WHA Utilities and Power PCL ranks #347 out of 452 companies for Debt-to-EBITDA. This places WHA Utilities and Power PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 4.14. WHA Utilities and Power PCL's value of 5.17 is 24.9% above this benchmark. Historically, WHA Utilities and Power PCL's own Debt-to-EBITDA has ranged from 3.02 to 11.28 over the past decade. While the company's 10-year median is 7.04 vs. the industry median of 4.14, WHA Utilities and Power 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 Debt-to-EBITDA for an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.14, based on 452 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA Utilities and Power PCL's current Debt-to-EBITDA of 5.17 is 24.9% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on WHA Utilities and Power PCL. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Utilities and Power PCL's current Debt-to-EBITDA is 5.17, which is 27% below median its own 10-year median of 7.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WHA Utilities and Power PCL stock overvalued right now?
Based on GuruFocus' analysis, WHA Utilities and Power PCL (BKK:WHAUP) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿5.41, compared to a current price of ฿7.50 — trading 38.6% above its estimated fair value. The current Debt-to-EBITDA is 5.17, which is 27% below median its 10-year median of 7.04 and 24.9% above the Utilities - Regulated industry median of 4.14. WHA Utilities and Power PCL's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For WHA Utilities and Power PCL (BKK:WHAUP), the current Debt-to-EBITDA is 5.17 as of Jun. 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 Utilities and Power PCL (BKK:WHAUP) Overvalued in 2026?

Based on GuruFocus' analysis, WHA Utilities and Power PCL stock appears to be overvalued. The current stock price of ฿7.50 is trading 38.6% above its estimated GF Value™ of ฿5.41. GuruFocus considers WHA Utilities and Power PCL to be Significantly Overvalued.

Key valuation signals for BKK:WHAUP:

  • Debt-to-EBITDA: 5.17 (27% below median its 10-year median of 7.04)
  • GF Value™: ฿5.41 vs. price of ฿7.50 (38.6% above fair value)
  • GF Score™: 77/100 with 9 warning signs
  • Industry Position: 24.9% above the Utilities - Regulated median (#347 of 452)

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


WHA Utilities and Power PCL Business Description

Address Moo 13, Debaratna Road (Bangna-Trad) KM.7, 777 WHA Tower 22nd floor, Unit 2203-2205, Bang Kaeo, Bang Phli, Samut Prakarn, THA, 10540
WHA Utilities and Power PCL is an integrated utility product and service provider. The group's principal business operations are providing potable water, raw water, clarified water, wastewater treatment, power business, and holding company. It operates in two segments: Water, which generates the vast majority of the company's revenue; and Power, and both segments are segregated into domestic and overseas. Geographically, it generates the majority of its revenue from the domestic market.
77GF Score

Get the complete analysis for BKK:WHAUP

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿7.50
Price
฿5.41
GF Value