Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
WHA Utilities and Power PCLBKK:WHAUP +0.63%72 Return-on-Tangible-Equity is 13.33% as of Mar. 2026, which is 16% below its 10-year median of 15.93. 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 497 Utilities - Regulated companies, WHA Utilities and Power PCL ranks better than 55.33% 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 Utilities and Power PCL's annualized net income for the quarter that ended in Mar. 2026 was ฿1,213 Mil. WHA Utilities and Power PCL's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ฿9,095 Mil. Therefore, WHA Utilities and Power PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.33%.
The historical rank and industry rank for WHA Utilities and Power PCL's Return-on-Tangible-Equity or its related term are showing as below:
BKK:WHAUP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.82 Med: 15.93 Max: 86.09
Current: 12.23
During the past 13 years, WHA Utilities and Power PCL's highest Return-on-Tangible-Equity was 86.09%. The lowest was 5.82%. And the median was 15.93%.
BKK:WHAUP's Return-on-Tangible-Equity is ranked better than 55.33% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.92
vs BKK:WHAUP: 12.23
WHA Utilities and Power PCL (BKK:WHAUP) 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 Utilities and Power PCL Return-on-Tangible-Equity Related Terms
WHA Utilities and Power PCL Return-on-Tangible-Equity 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.
WHA Utilities and Power PCL Return-on-Tangible-Equity Chart
BKK:WHAUP vs AWK, WTRG, AWR: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Water subindustry, WHA Utilities and Power PCL'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 Utilities and Power PCL Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, WHA Utilities and Power PCL's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where WHA Utilities and Power PCL's Return-on-Tangible-Equity 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.
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 13.33% mean?
WHA Utilities and Power PCL (BKK:WHAUP) has a Return-on-Tangible-Equity of 13.33% 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 Utilities and Power PCL and its competitors. This is 16% below median its historical median of 15.93. Over the past decade, WHA Utilities and Power PCL's Return-on-Tangible-Equity has ranged from 5.82 to 86.09. According to the industry distribution chart, WHA Utilities and Power PCL ranks #222 out of 497 companies in the Utilities - Regulated industry, placing it in the top 44.7%.
Is WHA Utilities and Power PCL's Return-on-Tangible-Equity too high?
WHA Utilities and Power PCL's current Return-on-Tangible-Equity of 13.33% is 16% below median its 10-year median of 15.93. Over the past 10 years, this metric has ranged from a low of 5.82 to a high of 86.09. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.92. WHA Utilities and Power PCL's value of 13.33% is 22.1% above this industry median. Based on the distribution chart, WHA Utilities and Power PCL ranks #222 out of 497 companies in the Utilities - Regulated industry, which is above 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 Return-on-Tangible-Equity compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, WHA Utilities and Power PCL ranks #222 out of 497 companies for Return-on-Tangible-Equity. This puts WHA Utilities and Power PCL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.92. WHA Utilities and Power PCL's value of 13.33% is 22.1% above this benchmark. Historically, WHA Utilities and Power PCL's own Return-on-Tangible-Equity has ranged from 5.82 to 86.09 over the past decade. While the company's 10-year median is 15.93 vs. the industry median of 10.92, 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 Return-on-Tangible-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.92, based on 497 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 Utilities and Power PCL's current Return-on-Tangible-Equity of 13.33% is 22.1% 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 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 Utilities and Power PCL and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Utilities and Power PCL's current Return-on-Tangible-Equity is 13.33%, which is 16% below median its own 10-year median of 15.93. 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 ฿7.95 — trading 48% above its estimated fair value. The current Return-on-Tangible-Equity is 13.33%, which is 16% below median its 10-year median of 15.93 and 22.1% above the Utilities - Regulated industry median of 10.92. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For WHA Utilities and Power PCL (BKK:WHAUP), the current Return-on-Tangible-Equity is 13.33% 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 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 ฿7.95 is trading 48% 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:
Return-on-Tangible-Equity: 13.33% (16% below median its 10-year median of 15.93)
GF Value™: ฿5.37 vs. price of ฿7.95 (48% above fair value)
Industry Position: 22.1% above the Utilities - Regulated median (#222 of 497)
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
Get the complete analysis for BKK:WHAUP
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:WHAUP has been successfully added to your 
