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WHA Utilities and Power PCLBKK:WHAUP +2.63%72 PB Ratio is 2.16 as of Aug. 02, 2026, which is 66% above its 10-year median of 1.30. GuruFocus rates BKK:WHAUP with a GF Score™ of 72/100 and a GF Value™ of ฿5.37 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 501 Utilities - Regulated companies, WHA Utilities and Power PCL ranks worse than 73.65% on this metric.
WHA Utilities and Power PCL stock PB Ratio (=2.23) is close to 5-year high of 2.23.
The historical rank and industry rank for WHA Utilities and Power PCL's PB Ratio or its related term are showing as below:
BKK:WHAUP'
s PB Ratio Range Over the Past 10 Years
Min: 0.83 Med: 1.3 Max: 2.55
Current: 2.17
During the past 13 years, WHA Utilities and Power PCL's highest PB Ratio was 2.55. The lowest was 0.83. And the median was 1.30.
BKK:WHAUP's PB Ratio is ranked worse than 73.65% of 501
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs BKK:WHAUP: 2.17
During the past 12 months, WHA Utilities and Power PCL's average Book Value Per Share Growth Rate was 0.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of WHA Utilities and Power PCL was 149.40% per year. The lowest was -4.10% per year. And the median was 3.40% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
WHA Utilities and Power PCL PB Ratio Related Terms
WHA Utilities and Power PCL PB Ratio Historical Data
* 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.
For the Utilities - Regulated Water subindustry, WHA Utilities and Power PCL's PB Ratio, along with its competitors' market caps and PB 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 Utilities and Power PCL PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, WHA Utilities and Power PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where WHA Utilities and Power PCL's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
WHA Utilities and Power PCL (BKK:WHAUP) has a PB Ratio of 2.16 as of Aug. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on WHA Utilities and Power PCL and its competitors. This is 66% above median its historical median of 1.30. Over the past decade, WHA Utilities and Power PCL's PB Ratio has ranged from 0.83 to 2.55. According to the industry distribution chart, WHA Utilities and Power PCL ranks #369 out of 501 companies in the Utilities - Regulated industry, placing it in the top 73.7%.
Is WHA Utilities and Power PCL's PB Ratio too high?
WHA Utilities and Power PCL's current PB Ratio of 2.16 is 66% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 2.55. The Utilities - Regulated industry median PB Ratio is 1.43. WHA Utilities and Power PCL's value of 2.16 is 51% above this industry median. Based on the distribution chart, WHA Utilities and Power PCL ranks #369 out of 501 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, WHA Utilities and Power PCL has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WHA Utilities and Power PCL's PB Ratio compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, WHA Utilities and Power PCL ranks #369 out of 501 companies for PB Ratio. This places WHA Utilities and Power PCL in the lower half of its industry. The industry median PB Ratio is 1.43. WHA Utilities and Power PCL's value of 2.16 is 51% above this benchmark. Historically, WHA Utilities and Power PCL's own PB Ratio has ranged from 0.83 to 2.55 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.43, 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 PB Ratio for an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.43, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA Utilities and Power PCL's current PB Ratio of 2.16 is 51% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on WHA Utilities and Power PCL and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Utilities and Power PCL's current PB Ratio is 2.16, which is 66% above median its own 10-year median of 1.30. 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 ฿5.37, compared to a current price of ฿7.80 — trading 45.3% above its estimated fair value. The current PB Ratio is 2.16, which is 66% above median its 10-year median of 1.30 and 51% above the Utilities - Regulated industry median of 1.43. WHA Utilities and Power PCL's overall GF Score™ is 72/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For WHA Utilities and Power PCL (BKK:WHAUP), the current PB Ratio is 2.16 as of Aug. 02, 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 ฿7.80 is trading 45.3% above its estimated GF Value™ of ฿5.37.
GuruFocus considers WHA Utilities and Power PCL to be Significantly Overvalued.
Key valuation signals for BKK:WHAUP:
PB Ratio: 2.16 (66% above median its 10-year median of 1.30)
GF Value™: ฿5.37 vs. price of ฿7.80 (45.3% above fair value)
Industry Position: 51% above the Utilities - Regulated median (#369 of 501)
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 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.
72GF Score
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