WHA PCLBKK:WHA-R 82 Gross Margin % is 50.08% as of Mar. 2026, which is 11% above its 10-year median of 45.28. GuruFocus rates BKK:WHA-R with a GF Score™ of 82/100 and a GF Value™ of ฿3.87. The stock has 10 warning signs investors should review. Among 1,644 Real Estate companies, WHA PCL ranks better than 59.61% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. WHA PCL's Gross Profit for the
three
months ended in Mar. 2026 was ฿1,586 Mil. WHA PCL's Revenue for the
three
months ended in Mar. 2026 was ฿3,166 Mil. Therefore, WHA PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 50.08%.
The historical rank and industry rank for WHA PCL's Gross Margin % or its related term are showing as below:
BKK:WHA-R'
s Gross Margin % Range Over the Past 10 Years
Min: 36.07 Med: 45.28 Max: 53.99
Current: 45.54
During the past 13 years, the highestGross Margin % of WHA PCL was 53.99%. The lowest was 36.07%. And the median was 45.28%.
BKK:WHA-R's Gross Margin % is ranked better than 59.61% of 1644
companies
in the Real Estate industry
Industry Median: 36.96
vs BKK:WHA-R: 45.54
WHA PCL had a gross margin of 50.08% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for WHA PCL was 2.90% per year.
WHA PCL (BKK:WHA-R) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
WHA PCL had a gross margin of 50.08% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
WHA PCL Gross Margin % Related Terms
WHA PCL Gross Margin % Historical Data
* Premium members only.
The historical data trend for WHA PCL's Gross Margin % 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: Gross Margin % Comparison
For the Real Estate Services subindustry, WHA PCL's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, WHA PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where WHA PCL's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
WHA PCL (BKK:WHA-R) has a Gross Margin % of 50.08% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on WHA PCL and its competitors. This is 11% above median its historical median of 45.28. Over the past decade, WHA PCL's Gross Margin % has ranged from 36.07 to 53.99. According to the industry distribution chart, WHA PCL ranks #664 out of 1644 companies in the Real Estate industry, placing it in the top 40.4%.
Is WHA PCL's Gross Margin % too high?
WHA PCL's current Gross Margin % of 50.08% is 11% above median its 10-year median of 45.28. Over the past 10 years, this metric has ranged from a low of 36.07 to a high of 53.99. The Real Estate industry median Gross Margin % is 36.96. WHA PCL's value of 50.08% is 35.5% above this industry median. Based on the distribution chart, WHA PCL ranks #664 out of 1644 companies in the Real Estate industry, which is above the industry midpoint. Overall, WHA PCL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does WHA PCL's Gross Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, WHA PCL ranks #664 out of 1644 companies for Gross Margin %. This puts WHA PCL in the upper half of its industry. The industry median Gross Margin % is 36.96. WHA PCL's value of 50.08% is 35.5% above this benchmark. Historically, WHA PCL's own Gross Margin % has ranged from 36.07 to 53.99 over the past decade. While the company's 10-year median is 45.28 vs. the industry median of 36.96, 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 Gross Margin % for a Real Estate company?
The median Gross Margin % among Real Estate companies is 36.96, based on 1,644 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA PCL's current Gross Margin % of 50.08% is 35.5% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on WHA PCL and its competitors. For the Real Estate industry, the median Gross Margin % is 36.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA PCL's current Gross Margin % is 50.08%, which is 11% above median its own 10-year median of 45.28. 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 Gross Margin % of 50.08%. The stock's GF Value™ is ฿3.87, compared to a current price of ฿4.19 — trading 8.2% above its estimated fair value. The current Gross Margin % is 50.08%, which is 11% above median its 10-year median of 45.28 and 35.5% above the Real Estate industry median of 36.96. WHA PCL's overall GF Score™ is 82/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For WHA PCL (BKK:WHA-R), the current Gross Margin % is 50.08% as of Mar. 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 8.2% above its estimated GF Value™ of ฿3.87.
Key valuation signals for BKK:WHA-R:
Gross Margin %: 50.08% (11% above median its 10-year median of 45.28)
GF Value™: ฿3.87 vs. price of ฿4.19 (8.2% above fair value)
Industry Position: 35.5% above the Real Estate median (#664 of 1644)
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.
82GF Score
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