WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) Return-on-Tangible-Equity: 3.40% (As of Mar. 2026) — 55% Below Median

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BKK:WHABT WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
66 GF Score
Price ฿6.45
GF Value ฿5.48
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Return-on-Tangible-Equity?

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT 66 Return-on-Tangible-Equity is 3.40% as of Mar. 2026, which is 55% below its 10-year median of 7.57. GuruFocus rates BKK:WHABT with a GF Score™ of 66/100 and a GF Value™ of ฿5.48 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 928 REITs companies, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks worse than 66.92% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's annualized net income for the quarter that ended in Mar. 2026 was ฿77.5 Mil. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿2,280.7 Mil. Therefore, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.40%.

The historical rank and industry rank for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Return-on-Tangible-Equity or its related term are showing as below:

BKK:WHABT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.69   Med: 7.57   Max: 8.46
Current: 3.69

During the past 11 years, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's highest Return-on-Tangible-Equity was 8.46%. The lowest was 3.69%. And the median was 7.57%.

BKK:WHABT's Return-on-Tangible-Equity is ranked worse than
66.92% of 928 companies
in the REITs industry
Industry Median: 6.265 vs BKK:WHABT: 3.69

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust  (BKK:WHABT) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Return-on-Tangible-Equity Related Terms


WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.11 8.15 7.14 6.21 3.69

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
Return-on-Tangible-Equity 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 7.37 3.87 3.56 3.91 3.40

BKK:WHABT vs BXP, ARE, VNO: Return-on-Tangible-Equity Comparison

For the REIT - Office subindustry, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs REITs Industry

For the REITs industry and Real Estate sector, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Return-on-Tangible-Equity falls into.


BKK:WHABT
66GF Score
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust BKK:WHABT
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Return-on-Tangible-Equity Calculation

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=84.605/( (2311.818+2275.223 )/ 2 )
=84.605/2293.5205
=3.69 %

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=77.5/( (2286.147+2275.223)/ 2 )
=77.5/2280.685
=3.40 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 3.40% mean?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) has a Return-on-Tangible-Equity of 3.40% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on WHA Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors. This is 55% below median its historical median of 7.57. Over the past decade, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Return-on-Tangible-Equity has ranged from 3.69 to 8.46. According to the industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #621 out of 928 companies in the REITs industry, placing it in the top 66.9%.
Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Return-on-Tangible-Equity too high?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current Return-on-Tangible-Equity of 3.40% is 55% below median its 10-year median of 7.57. Over the past 10 years, this metric has ranged from a low of 3.69 to a high of 8.46. The REITs industry median Return-on-Tangible-Equity is 6.27. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's value of 3.40% is 45.7% below this industry median. Based on the distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #621 out of 928 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 Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's Return-on-Tangible-Equity compare to BXP and ARE?
According to the REITs industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #621 out of 928 companies for Return-on-Tangible-Equity. This places WHA Business Complex Freehold and Leasehold Real Estate Investment Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.27. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's value of 3.40% is 45.7% below this benchmark. Historically, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's own Return-on-Tangible-Equity has ranged from 3.69 to 8.46 over the past decade. While the company's 10-year median is 7.57 vs. the industry median of 6.27, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust has consistently been below 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity of 3.40% is 45.7% below 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on WHA Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — 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 Return-on-Tangible-Equity is 3.40%, which is 55% below median its own 10-year median of 7.57. 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 Modestly Overvalued. The stock's GF Value™ is ฿5.48, compared to a current price of ฿6.45 — trading 17.7% above its estimated fair value. The current Return-on-Tangible-Equity is 3.40%, which is 55% below median its 10-year median of 7.57 and 45.7% below the REITs industry median of 6.27. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's overall GF Score™ is 66/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT), the current Return-on-Tangible-Equity is 3.40% 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 ฿6.45 is trading 17.7% above its estimated GF Value™ of ฿5.48. GuruFocus considers WHA Business Complex Freehold and Leasehold Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for BKK:WHABT:

  • Return-on-Tangible-Equity: 3.40% (55% below median its 10-year median of 7.57)
  • GF Value™: ฿5.48 vs. price of ฿6.45 (17.7% above fair value)
  • GF Score™: 66/100 with 8 warning signs
  • Industry Position: 45.7% below the REITs median (#621 of 928)

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

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿6.45
Price
฿5.48
GF Value