WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) Gross Margin %: 86.77% (As of Mar. 2026) — 23% Above Median


BKK:WHABT WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
66 GF Score
Price ฿6.05
GF Value ฿5.50
Valuation Fairly Valued
! 7 Warning Signs
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What is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Gross Margin %?

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT +0.83% 66 Gross Margin % is 86.77% as of Mar. 2026, which is 23% above its 10-year median of 70.38. GuruFocus rates BKK:WHABT with a GF Score™ of 66/100 and a GF Value™ of ฿5.50 (Fairly Valued). The stock has 7 warning signs investors should review. Among 680 REITs companies, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks worse than 60.74% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Gross Profit for the three months ended in Mar. 2026 was ฿36.8 Mil. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Revenue for the three months ended in Mar. 2026 was ฿42.5 Mil. Therefore, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Gross Margin % for the quarter that ended in Mar. 2026 was 86.77%.

Warning Sign:

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust gross margin has been in long-term decline. The average rate of decline per year is -2.9%.


The historical rank and industry rank for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Gross Margin % or its related term are showing as below:

BKK:WHABT' s Gross Margin % Range Over the Past 10 Years
Min: 64.4   Med: 70.38   Max: 76.4
Current: 64.4


During the past 11 years, the highest Gross Margin % of WHA Business Complex Freehold and Leasehold Real Estate Investment Trust was 76.40%. The lowest was 64.40%. And the median was 70.38%.

BKK:WHABT's Gross Margin % is ranked worse than
60.74% of 680 companies
in the REITs industry
Industry Median: 69.61 vs BKK:WHABT: 64.40

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust had a gross margin of 86.77% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust was -2.90% per year.


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust  (BKK:WHABT) 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 Business Complex Freehold and Leasehold Real Estate Investment Trust had a gross margin of 86.77% 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 Business Complex Freehold and Leasehold Real Estate Investment Trust Gross Margin % Related Terms


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Gross Margin % Historical Data

* Premium members only.

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

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Gross Margin % Chart

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 73.45 71.23 70.72 69.53 64.40

WHA Business Complex 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
Gross Margin % 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 67.23 55.87 54.23 62.35 86.77

BKK:WHABT vs BXP, ARE, VNO: Gross Margin % Comparison

For the REIT - Office subindustry, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust'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 Business Complex Freehold and Leasehold Real Estate Investment Trust Gross Margin % vs REITs Industry

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

* The bar in red indicates where WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Gross Margin % falls into.


BKK:WHABT
66GF Score
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=114 / 177.006
=(Revenue - Cost of Goods Sold) / Revenue
=(177.006 - 63.007) / 177.006
=64.40 %

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=36.8 / 42.45
=(Revenue - Cost of Goods Sold) / Revenue
=(42.45 - 5.615) / 42.45
=86.77 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 86.77% mean?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) has a Gross Margin % of 86.77% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on WHA Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors. This is 23% above median its historical median of 70.38. Over the past decade, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Gross Margin % has ranged from 64.40 to 76.40. According to the industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #413 out of 680 companies in the REITs industry, placing it in the top 60.7%.
Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Gross Margin % too high?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current Gross Margin % of 86.77% is 23% above median its 10-year median of 70.38. Over the past 10 years, this metric has ranged from a low of 64.40 to a high of 76.40. The REITs industry median Gross Margin % is 69.61. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's value of 86.77% is 24.7% above this industry median. Based on the distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #413 out of 680 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 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Gross Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #413 out of 680 companies for Gross Margin %. This places WHA Business Complex Freehold and Leasehold Real Estate Investment Trust in the lower half of its industry. The industry median Gross Margin % is 69.61. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's value of 86.77% is 24.7% above this benchmark. Historically, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's own Gross Margin % has ranged from 64.40 to 76.40 over the past decade. While the company's 10-year median is 70.38 vs. the industry median of 69.61, 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.61, based on 680 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 Business Complex Freehold and Leasehold Real Estate Investment Trust's current Gross Margin % of 86.77% is 24.7% 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 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 Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors. For the REITs industry, the median Gross Margin % is 69.61 — 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 Gross Margin % is 86.77%, which is 23% above median its own 10-year median of 70.38. 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 Fairly Valued. The stock's GF Value™ is ฿5.50, compared to a current price of ฿6.05 — trading 10% above its estimated fair value. The current Gross Margin % is 86.77%, which is 23% above median its 10-year median of 70.38 and 24.7% above the REITs industry median of 69.61. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's overall GF Score™ is 66/100 with 7 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 Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT), the current Gross Margin % is 86.77% 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 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 ฿6.05 is trading 10% above its estimated GF Value™ of ฿5.50. GuruFocus considers WHA Business Complex Freehold and Leasehold Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for BKK:WHABT:

  • Gross Margin %: 86.77% (23% above median its 10-year median of 70.38)
  • GF Value™: ฿5.50 vs. price of ฿6.05 (10% above fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 24.7% above the REITs median (#413 of 680)

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.
66GF Score

Get the complete analysis for BKK:WHABT

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

฿6.05
Price
฿5.50
GF Value