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WHA Industrial Leasehold REITBKK:WHAIR 76 Pretax Margin % is 71.52% as of Mar. 2026, which is 8% below its 10-year median of 78.07. GuruFocus rates BKK:WHAIR with a GF Score™ of 76/100 and a GF Value™ of ฿6.19 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 929 REITs companies, WHA Industrial Leasehold REIT ranks worse than 62.86% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
WHA Industrial Leasehold REIT Pretax Margin % Related Terms
WHA Industrial Leasehold REIT Pretax Margin % 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.
BKK:WHAIR vs PLD, PSA, EXR: Pretax Margin % Comparison
For the REIT - Industrial subindustry, WHA Industrial Leasehold REIT's Pretax Margin %, along with its competitors' market caps and Pretax 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 Industrial Leasehold REIT Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, WHA Industrial Leasehold REIT's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where WHA Industrial Leasehold REIT's Pretax 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.
WHA Industrial Leasehold REIT (BKK:WHAIR) has a Pretax Margin % of 71.52% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on WHA Industrial Leasehold REIT and its competitors. This is near median its historical median of 78.07. According to the industry distribution chart, WHA Industrial Leasehold REIT ranks #584 out of 929 companies in the REITs industry, placing it in the top 62.9%.
Is WHA Industrial Leasehold REIT's Pretax Margin % too high?
WHA Industrial Leasehold REIT's current Pretax Margin % of 71.52% is near median its 10-year median of 78.07. The REITs industry median Pretax Margin % is 47.35. WHA Industrial Leasehold REIT's value of 71.52% is 51% above this industry median. Based on the distribution chart, WHA Industrial Leasehold REIT ranks #584 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, WHA Industrial Leasehold REIT has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WHA Industrial Leasehold REIT's Pretax Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, WHA Industrial Leasehold REIT ranks #584 out of 929 companies for Pretax Margin %. This places WHA Industrial Leasehold REIT in the lower half of its industry. The industry median Pretax Margin % is 47.35. WHA Industrial Leasehold REIT's value of 71.52% is 51% above this benchmark. While the company's 10-year median is 78.07 vs. the industry median of 47.35, WHA Industrial Leasehold REIT 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 47.35, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA Industrial Leasehold REIT's current Pretax Margin % of 71.52% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on WHA Industrial Leasehold REIT and its competitors. For the REITs industry, the median Pretax Margin % is 47.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Industrial Leasehold REIT's current Pretax Margin % is 71.52%, which is near median its own 10-year median of 78.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WHA Industrial Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, WHA Industrial Leasehold REIT (BKK:WHAIR) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿6.19, compared to a current price of ฿8.10 — trading 30.9% above its estimated fair value. The current Pretax Margin % is 71.52%, which is near median its 10-year median of 78.07 and 51% above the REITs industry median of 47.35. WHA Industrial Leasehold REIT'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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For WHA Industrial Leasehold REIT (BKK:WHAIR), the current Pretax Margin % is 71.52% 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 Industrial Leasehold REIT (BKK:WHAIR) Overvalued in 2026?
Based on GuruFocus' analysis, WHA Industrial Leasehold REIT stock appears to be overvalued.
The current stock price of ฿8.10 is trading 30.9% above its estimated GF Value™ of ฿6.19.
GuruFocus considers WHA Industrial Leasehold REIT to be Significantly Overvalued.
Key valuation signals for BKK:WHAIR:
Pretax Margin %: 71.52% (near median its 10-year median of 78.07)
GF Value™: ฿6.19 vs. price of ฿8.10 (30.9% above fair value)
Industry Position: 51% above the REITs median (#584 of 929)
No single metric tells the full story. See the BKK:WHAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WHA Industrial Leasehold REIT Business Description
WHA Industrial Leasehold REIT is a Thailand-based REIT. The company invests in leasehold lands mainly in Thailand for the purpose of building warehouses and factories. It serves tenants and entrepreneurs from various industries. The Trust's revenue derives from rental income from ordinary business activities and also includes relevant service income.
76GF Score
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