WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) EV-to-EBITDA: 16.41 (As of Aug. 28, 2026) — 42% Above Median

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BKK:WHABT WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
76 GF Score
Price ฿6.40
GF Value ฿5.38
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust EV-to-EBITDA?

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT 76 EV-to-EBITDA is 16.41 as of Aug. 28, 2026, which is 42% above its 10-year median of 11.56. GuruFocus rates BKK:WHABT with a GF Score™ of 76/100 and a GF Value™ of ฿5.38 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 668 REITs companies, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks worse than 55.69% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's enterprise value is ฿1,646.4 Mil. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ฿100.4 Mil. Therefore, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EV-to-EBITDA for today is 16.41.

The historical rank and industry rank for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EV-to-EBITDA or its related term are showing as below:

BKK:WHABT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.52   Med: 11.56   Max: 22.39
Current: 16.4

During the past 11 years, the highest EV-to-EBITDA of WHA Business Complex Freehold and Leasehold Real Estate Investment Trust was 22.39. The lowest was 9.52. And the median was 11.56.

BKK:WHABT's EV-to-EBITDA is ranked worse than
55.69% of 668 companies
in the REITs industry
Industry Median: 15.34 vs BKK:WHABT: 16.40

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-28), WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's stock price is ฿6.40. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ฿0.420. Therefore, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's PE Ratio (TTM) for today is 15.24.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust  (BKK:WHABT) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=6.40/0.420
=15.24

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's share price for today is ฿6.40.
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿0.420.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust EV-to-EBITDA Related Terms


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EV-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 Business Complex Freehold and Leasehold Real Estate Investment Trust EV-to-EBITDA Chart

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.34 10.77 10.39 10.35 14.80

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
EV-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 10.82 11.52 12.31 14.80 15.50

BKK:WHABT vs BXP, ARE, VNO: EV-to-EBITDA Comparison

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

For the REITs industry and Real Estate sector, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EV-to-EBITDA falls into.


BKK:WHABT
76GF Score
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
EV-to-EBITDA 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 EV-to-EBITDA Calculation

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=1646.380/100.358
=16.41

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current Enterprise Value is ฿1,646.4 Mil.
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿100.4 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 16.41 mean?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) has a EV-to-EBITDA of 16.41 as of Aug. 28, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on WHA Business Complex Freehold and Leasehold Real Estate Investment Trust. This is 42% above median its historical median of 11.56. Over the past decade, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EV-to-EBITDA has ranged from 9.52 to 22.39. According to the industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #372 out of 668 companies in the REITs industry, placing it in the top 55.7%.
Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's EV-to-EBITDA too high?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current EV-to-EBITDA of 16.41 is 42% above median its 10-year median of 11.56. Over the past 10 years, this metric has ranged from a low of 9.52 to a high of 22.39. The REITs industry median EV-to-EBITDA is 15.34. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's value of 16.41 is 7% above this industry median. Based on the distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #372 out of 668 companies in the REITs industry, which is below the industry midpoint. Overall, WHA Business Complex 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 Business Complex Freehold and Leasehold Real Estate Investment Trust's EV-to-EBITDA compare to BXP and ARE?
According to the REITs industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #372 out of 668 companies for EV-to-EBITDA. This places WHA Business Complex Freehold and Leasehold Real Estate Investment Trust in the lower half of its industry. The industry median EV-to-EBITDA is 15.34. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's value of 16.41 is 7% above this benchmark. Historically, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's own EV-to-EBITDA has ranged from 9.52 to 22.39 over the past decade. While the company's 10-year median is 11.56 vs. the industry median of 15.34, WHA Business Complex 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 EV-to-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.34, based on 668 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current EV-to-EBITDA of 16.41 is 7% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on WHA Business Complex Freehold and Leasehold Real Estate Investment Trust. For the REITs industry, the median EV-to-EBITDA is 15.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current EV-to-EBITDA is 16.41, which is 42% above median its own 10-year median of 11.56. 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 ฿5.38, compared to a current price of ฿6.40 — trading 19% above its estimated fair value. The current EV-to-EBITDA is 16.41, which is 42% above median its 10-year median of 11.56 and 7% above the REITs industry median of 15.34. WHA Business Complex 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT), the current EV-to-EBITDA is 16.41 as of Aug. 28, 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 ฿6.40 is trading 19% above its estimated GF Value™ of ฿5.38. GuruFocus considers WHA Business Complex Freehold and Leasehold Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for BKK:WHABT:

  • EV-to-EBITDA: 16.41 (42% above median its 10-year median of 11.56)
  • GF Value™: ฿5.38 vs. price of ฿6.40 (19% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 7% above the REITs median (#372 of 668)

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.
76GF Score

Get the complete analysis for BKK:WHABT

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

฿6.40
Price
฿5.38
GF Value