WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) E10: ฿0.93 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BKK:WHABT WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
70 GF Score
Price ฿6.55
GF Value ฿5.40
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust E10?

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT -1.50% 70 E10 is ฿0.93 as of Jun. 2026. GuruFocus rates BKK:WHABT with a GF Score™ of 70/100 and a GF Value™ of ฿5.40 (Modestly Overvalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Jun. 2026 was ฿0.112. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.93 for the trailing ten years ended in Jun. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2026-08-19), WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current stock price is ฿6.55. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's E10 for the quarter that ended in Jun. 2026 was ฿0.93. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Shiller PE Ratio of today is 7.04.

During the past 11 years, the highest Shiller PE Ratio of WHA Business Complex Freehold and Leasehold Real Estate Investment Trust was 7.13. The lowest was 6.08. And the median was 6.24.


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust  (BKK:WHABT) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.55/0.93
=7.04

* 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.

During the past 11 years, the highest Shiller P/E Ratio of WHA Business Complex Freehold and Leasehold Real Estate Investment Trust was 7.13. The lowest was 6.08. And the median was 6.24.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust E10 Related Terms


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust E10 Historical Data

* Premium members only.

The historical data trend for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's E10 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 Business Complex Freehold and Leasehold Real Estate Investment Trust E10 Chart

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.93

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 0.00 0.94 0.93 0.93 0.93

BKK:WHABT vs BXP, ARE, VNO: E10 Comparison

For the REIT - Office subindustry, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Business Complex Freehold and Leasehold Real Estate Investment Trust Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Shiller PE Ratio falls into.


BKK:WHABT
70GF Score
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.112/333.9520*333.9520
=0.112

Current CPI (Jun. 2026) = 333.9520.

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201609 0.139 241.428 0.192
201612 0.149 241.432 0.206
201703 0.287 243.801 0.393
201706 0.154 244.955 0.210
201709 0.139 246.819 0.188
201712 0.144 246.524 0.195
201803 0.322 249.554 0.431
201806 0.138 251.989 0.183
201809 0.146 252.439 0.193
201812 0.097 251.233 0.129
201903 0.496 254.202 0.652
201906 0.186 256.143 0.243
201909 0.153 256.759 0.199
201912 0.160 256.974 0.208
202003 0.324 258.115 0.419
202006 0.167 257.797 0.216
202009 0.168 260.280 0.216
202012 0.165 260.474 0.212
202103 0.324 264.877 0.408
202106 0.167 271.696 0.205
202109 0.174 274.310 0.212
202112 0.192 278.802 0.230
202203 0.352 287.504 0.409
202206 0.181 296.311 0.204
202209 0.181 296.808 0.204
202212 0.184 296.797 0.207
202303 0.362 301.836 0.401
202306 0.179 305.109 0.196
202309 0.177 307.789 0.192
202312 0.168 306.746 0.183
202403 0.285 312.332 0.305
202406 0.173 314.175 0.184
202409 0.174 315.301 0.184
202412 0.152 315.605 0.161
202503 0.210 319.799 0.219
202506 0.111 322.561 0.115
202509 0.101 324.800 0.104
202512 0.111 324.054 0.114
202603 0.096 330.213 0.097
202606 0.112 333.952 0.112

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ฿0.93 mean?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) has a E10 of ฿0.93 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on WHA Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors.
Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's E10 too high?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current E10 is ฿0.93. Overall, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's E10 compare to BXP and ARE?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's E10 of ฿0.93 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a REITs company?
A good E10 depends on the REITs industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on WHA Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current E10 is ฿0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿5.40, compared to a current price of ฿6.55 — trading 21.3% above its estimated fair value. The current E10 is ฿0.93. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT), the current E10 is ฿0.93 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 Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) Overvalued in 2026?

Based on GuruFocus' analysis, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust stock appears to be overvalued. The current stock price of ฿6.55 is trading 21.3% above its estimated GF Value™ of ฿5.40. GuruFocus considers WHA Business Complex Freehold and Leasehold Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for BKK:WHABT:

  • E10: ฿0.93
  • GF Value™: ฿5.40 vs. price of ฿6.55 (21.3% above fair value)
  • GF Score™: 70/100 with 8 warning signs

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


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address South Sathorn Road, 1 Empire Tower, 32nd Floor, Yannawa, Sathorn, Bangkok, THA, 10120
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust is a closed-end property fund. The company is also involved in raising funds from investors, investing mostly in property or property leasehold rights. It operates in only one business segment which is the investment in property and the business operated in Thailand.
70GF Score

Get the complete analysis for BKK:WHABT

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿6.55
Price
฿5.40
GF Value