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WHA PCLBKK:WHA-R 80 Price-to-Tangible-Book is 3.75 as of Jul. 29, 2026, which is 41% below its 10-year median of 6.41. GuruFocus rates BKK:WHA-R with a GF Score™ of 80/100 and a GF Value™ of ฿3.89. The stock has 10 warning signs investors should review. Among 1,678 Real Estate companies, WHA PCL ranks worse than 93.62% on this metric.
As of today (2026-07-29), WHA PCL's share price is ฿4.18807. WHA PCL's Tangible Book per Share of Mar. 2026 for the quarter that ended in Mar. 2026 was ฿1.12. Hence, WHA PCL's Price to Tangible Book Ratio of today is 3.75.
The historical rank and industry rank for WHA PCL's Price-to-Tangible-Book or its related term are showing as below:
BKK:WHA-R'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.22 Med: 6.41 Max: 16.13
Current: 4.55
During the past 13 years, WHA PCL's highest Price to Tangible Book Ratio was 16.13. The lowest was 3.22. And the median was 6.41.
BKK:WHA-R's Price-to-Tangible-Book is ranked worse than 93.62% of 1678
companies
in the Real Estate industry
Industry Median: 0.83
vs BKK:WHA-R: 4.55
A closely related ratio is called PB Ratio. As of today, WHA PCL's share price is ฿4.18807. WHA PCL's Book Value per Sharefor the quarter that ended in Mar. 2026 was ฿2.57. Hence, WHA PCL's P/B Ratio of today is 1.63.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
WHA PCL Price-to-Tangible-Book Related Terms
WHA PCL Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for WHA PCL's Price-to-Tangible-Book 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, JLL: Price-to-Tangible-Book Comparison
For the Real Estate Services subindustry, WHA PCL's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Real Estate Industry
For the Real Estate industry and Real Estate sector, WHA PCL's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where WHA PCL's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
WHA PCL (BKK:WHA-R) has a Price-to-Tangible-Book of 3.75 as of Jul. 29, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on WHA PCL and its competitors. This is 41% below median its historical median of 6.41. Over the past decade, WHA PCL's Price-to-Tangible-Book has ranged from 3.22 to 16.13. According to the industry distribution chart, WHA PCL ranks #1571 out of 1678 companies in the Real Estate industry, placing it in the top 93.6%.
Is WHA PCL's Price-to-Tangible-Book too high?
WHA PCL's current Price-to-Tangible-Book of 3.75 is 41% below median its 10-year median of 6.41. Over the past 10 years, this metric has ranged from a low of 3.22 to a high of 16.13. The Real Estate industry median Price-to-Tangible-Book is 0.83. WHA PCL's value of 3.75 is 351.8% above this industry median. Based on the distribution chart, WHA PCL ranks #1571 out of 1678 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, WHA PCL has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does WHA PCL's Price-to-Tangible-Book compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, WHA PCL ranks #1571 out of 1678 companies for Price-to-Tangible-Book. This places WHA PCL in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.83. WHA PCL's value of 3.75 is 351.8% above this benchmark. Historically, WHA PCL's own Price-to-Tangible-Book has ranged from 3.22 to 16.13 over the past decade. While the company's 10-year median is 6.41 vs. the industry median of 0.83, 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 Price-to-Tangible-Book for a Real Estate company?
The median Price-to-Tangible-Book among Real Estate companies is 0.83, based on 1,678 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA PCL's current Price-to-Tangible-Book of 3.75 is 351.8% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on WHA PCL and its competitors. For the Real Estate industry, the median Price-to-Tangible-Book is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA PCL's current Price-to-Tangible-Book is 3.75, which is 41% below median its own 10-year median of 6.41. 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 Price-to-Tangible-Book of 3.75. The stock's GF Value™ is ฿3.89, compared to a current price of ฿4.19 — trading 7.7% above its estimated fair value. The current Price-to-Tangible-Book is 3.75, which is 41% below median its 10-year median of 6.41 and 351.8% above the Real Estate industry median of 0.83. WHA PCL's overall GF Score™ is 80/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For WHA PCL (BKK:WHA-R), the current Price-to-Tangible-Book is 3.75 as of Jul. 29, 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 7.7% above its estimated GF Value™ of ฿3.89.
Key valuation signals for BKK:WHA-R:
Price-to-Tangible-Book: 3.75 (41% below median its 10-year median of 6.41)
GF Value™: ฿3.89 vs. price of ฿4.19 (7.7% above fair value)
Industry Position: 351.8% above the Real Estate median (#1571 of 1678)
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.
80GF Score
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