WINDOW_WINDOW ASIA (WINDOW) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of WINDOW_WINDOW ASIA stock THB 0.91, price THB 0.67, upside +35.3%, quality 58 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
36‑month range 0.5917 THB – 1.38 THB · fair‑value band 0.8698 THB – 1.03 THB · the 0.6700 THB price screens below the 0.9065 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Window Asia Public Company Limited engages in the manufacturing and selling of doors, windows, fences, roofs, and construction components in Thailand.
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The company provides UPVC doors, including sliding and bathroom doors; aluminum door, such as aluminum swing, and aluminum sliding; custom-made products, comprising custom cut UPVC and aluminum cut to order.
It also offers UPVC Windows, such as window panes, sliding windows, single casement windows; aluminum windows, casement windows, single-casement, window frames, and sliding windows. In addition, it engages in import, sale, installation, and assembly of all types of roofing products.
Window Asia Public Company Limited was founded in 2012 and is headquartered in Samut Sakhon, Thailand.
Stock analysis
WINDOW_WINDOW ASIA (WINDOW) currently trades at 0.6700 THB, while our model-based Fair Value estimate is 0.9065 THB, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.9050 THB per share, and 12 of the 24 models we run sit above the 0.6700 THB price.
Bear case: the Dividend Discount group reads lowest at 0.2750 THB, and 12 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.8698 THB (bear) to 1.03 THB (bull), the price of 0.6700 THB sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
WINDOW_WINDOW ASIA reported revenue of 717M THB in FY2026 versus 810M THB in FY2022, a compound −3.0%/yr. Reported net income was 35.2M THB in FY2026, compounding −22.8%/yr from FY2022.
Key figures
Market cap 595M THB (≈ $17.8M) Micro · P/E ratio 13.4 · P/S ratio 0.83 · EPS (TTM) 0.0500 THB · Dividend yield 4.5% · Net margin 5.8% · Return on equity 4.6% · Return on assets (EBIT) 6.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at 35%, WINDOW screens cheaper than that median.
Fair Value models
Bear0.8698 THBFair Value 0.9065 THBBull1.03 THB
Price 0.6700 THB · Upside +35.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (0.0072 THB per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF0.7900 THB1.02 THB1.41 THB78
Growth DCF0.8200 THB1.03 THB1.38 THB77
Owner Earnings0.7800 THB1.00 THB1.39 THB74
All 24 models by family
DCF Models
FCF DCF0.7900 THB1.02 THB1.41 THB78
Owner Earnings0.7800 THB1.00 THB1.39 THB74
5Y Revenue Exit0.5800 THB0.7300 THB0.9500 THB71
5Y EBITDA Exit0.7500 THB1.03 THB1.40 THB73
5Y P/E Exit0.6500 THB0.8600 THB1.10 THB69
10Y Revenue Exit0.6600 THB0.7700 THB0.8900 THB65
10Y EBITDA Exit0.7600 THB0.9500 THB1.14 THB67
10Y P/E Exit0.7100 THB0.8500 THB0.9800 THB62
Earnings-Based
Graham-Dodd0.2700 THB0.3300 THB0.3700 THB65
EPV0.3700 THB0.4100 THB0.4400 THB71
Dividend Discount
Gordon GGM0.2400 THB0.2600 THB0.2900 THB67
DDM Multi-Stage0.2400 THB0.2900 THB0.3600 THB65
Multiples
P/E Multiple0.5100 THB0.6700 THB0.8400 THB63
P/S Multiple0.5100 THB0.6700 THB0.8400 THB58
P/B Multiple2.29 THB3.05 THB3.81 THB55
EV/EBIT0.0600 THB0.1900 THB0.3100 THB61
EV/EBITDA0.3700 THB0.6100 THB0.8400 THB66
EV/Revenuen/a0.1500 THB0.2900 THB46
Asset-Based
NCAV (Graham)0.3200 THB0.4900 THB0.6100 THB54
Growth DCF
Growth DCF0.8200 THB1.03 THB1.38 THB77
Rev-Margin DCF0.5800 THB0.7500 THB0.9600 THB71
Economic Profit
Residual Income0.7400 THB0.7400 THB0.7600 THB73
ROIC Compounder0.3700 THB0.4100 THB0.4400 THB69
Growth Earnings
Growth-Adj P/E0.3600 THB0.5100 THB0.6700 THB65
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.2%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−14.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.7%
Dividend (yield on the price)4.5%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 5%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −8.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+35.3% · Top 25%
Profitability
Return on equity (12 months)4.6% · Above median
Return on assets3.4% · Above median
Net margin (12 months)5.8% · Above median
Operating margin (12 months)12.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)1.3% · Below median
Dividend yield (12 months)4.5% · Above median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Building Materials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "WINDOW_WINDOW ASIA Fair Value". https://www.fairvalue-calculator.com/stock/WINDOW
Frequently asked questions
Is WINDOW_WINDOW ASIA (WINDOW) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 0.9065 THB versus a price of 0.6700 THB, about +35% upside (undervalued).
What is the fair value of WINDOW?
Our model-based fair value for WINDOW_WINDOW ASIA is 0.9065 THB (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.6700 THB.
What is the quality score of WINDOW?
WINDOW_WINDOW ASIA has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for WINDOW_WINDOW ASIA (WINDOW)?
Our model-based price target is the fair value of 0.9065 THB (as of Nov 3, 2026) from 24 valuation models. Cautious scenario 0.8698 THB, optimistic scenario 1.03 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the WINDOW_WINDOW ASIA stock forecast for 2026?
Our models put fair value at 0.9065 THB, about +35% upside versus a price of 0.6700 THB (undervalued). Cautious scenario 0.8698 THB, optimistic scenario 1.03 THB. The calculation is refreshed regularly with new filings.
What is the revenue of WINDOW_WINDOW ASIA (WINDOW)?
WINDOW_WINDOW ASIA reported trailing-twelve-month revenue of about 716M THB (latest available figure, as of Nov 3, 2026).
Does WINDOW_WINDOW ASIA pay a dividend?
WINDOW_WINDOW ASIA currently shows a dividend yield of 4.48% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of WINDOW_WINDOW ASIA (WINDOW) and when is the ex-dividend date?
WINDOW_WINDOW ASIA pays a dividend of 0.03 THB per share a year, a dividend yield of 4.5%. The last ex-dividend date was May 13, 2026. The payout ratio is 60.0% of earnings. Free cash flow covers the dividend 2.50 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into WINDOW_WINDOW ASIA (WINDOW)?
For today's price to be fair in a discounted-cash-flow model, WINDOW_WINDOW ASIA would have to grow free cash flow by -7.3 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -3.0 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of WINDOW use?
Our models discount WINDOW_WINDOW ASIA at 10.1 %: a base by market capitalisation (nano), damped by beta 0.50, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For WINDOW_WINDOW ASIA that is -7.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has WINDOW_WINDOW ASIA (WINDOW) delivered so far?
Over the past 4 years revenue at WINDOW_WINDOW ASIA grew -3.0 % a year. The price currently implies free-cash-flow growth of -7.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of WINDOW_WINDOW ASIA (WINDOW) growing?
The median revenue growth in the sector is +11.2 % a year. That is the yardstick for the growth priced into WINDOW_WINDOW ASIA (-7.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WINDOW_WINDOW ASIA (WINDOW)?
The free-cash-flow yield on the price is 11.21 %: that much free cash flow WINDOW_WINDOW ASIA produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WINDOW_WINDOW ASIA (WINDOW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WINDOW_WINDOW ASIA it is 0.9065 THB per share (as of Nov 3, 2026), against a price of 0.6700 THB. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is WINDOW_WINDOW ASIA stock overvalued or undervalued in 2026?
As of Nov 3, 2026, WINDOW trades below its calculated fair value: price 0.6700 THB, fair value 0.9065 THB, a gap of about +35% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WINDOW?
No. The price is what the market pays today (0.6700 THB); the fair value is what the company's own numbers justify (0.9065 THB). For WINDOW_WINDOW ASIA the two are 0.2365 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is WINDOW_WINDOW ASIA worth?
The market values WINDOW_WINDOW ASIA at about 595M THB (market capitalisation, as of Nov 3, 2026). Per share that is 0.6700 THB; our models calculate a fair value of 0.9065 THB per share.
What do the bullish and bearish scenarios say about WINDOW?
Our models span a range for WINDOW_WINDOW ASIA: cautious scenario 0.8698 THB, base 0.9065 THB, optimistic 1.03 THB per share (as of Nov 3, 2026, price 0.6700 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WINDOW?
WINDOW_WINDOW ASIA trades at a price-to-earnings ratio of 13.4 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.9065 THB is built from several models across several years. Other multiples: P/B 0.7, P/S 0.8, EV/EBITDA 6.9.
How solid is the balance sheet of WINDOW_WINDOW ASIA (WINDOW)?
Balance-sheet figures for WINDOW_WINDOW ASIA (as of Nov 3, 2026): return on equity 4.6%, debt of 0.06 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is WINDOW from its 52-week high?
WINDOW_WINDOW ASIA trades at 0.6700 THB, about 18% below its 52-week high of 0.8164 THB and 6% above the low of 0.6339 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9065 THB is for.
Which stocks are comparable to WINDOW_WINDOW ASIA?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is WINDOW_WINDOW ASIA stock attractive at the current price?
The data as of Nov 3, 2026: price 0.6700 THB, calculated fair value 0.9065 THB (+35%), Quality Score 58/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WINDOW calculated?
We run WINDOW_WINDOW ASIA through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.9065 THB builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. WINDOW_WINDOW ASIA currently trades 26% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of WINDOW_WINDOW ASIA (WINDOW)?
The closing price on Nov 6, 2026 was 0.6700 THB. Our model-based fair value is 0.9065 THB, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WINDOW_WINDOW ASIA right now?
The price is below even our cautious bear case (0.8698 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of WINDOW_WINDOW ASIA
How large is the market capitalisation of WINDOW_WINDOW ASIA (WINDOW)?
The market capitalisation of WINDOW_WINDOW ASIA is 595M THB (≈ $17.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of WINDOW_WINDOW ASIA (WINDOW)?
The price-to-sales ratio of WINDOW_WINDOW ASIA is 0.83 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of WINDOW_WINDOW ASIA (WINDOW)?
Earnings per share at WINDOW_WINDOW ASIA are 0.0500 THB (price ÷ EPS = P/E 13.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WINDOW_WINDOW ASIA (WINDOW)?
The dividend yield of WINDOW_WINDOW ASIA is 4.5% (payout 60.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of WINDOW_WINDOW ASIA (WINDOW)?
The net margin of WINDOW_WINDOW ASIA is 5.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of WINDOW_WINDOW ASIA (WINDOW)?
The return on equity (ROE) of WINDOW_WINDOW ASIA is 4.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of WINDOW_WINDOW ASIA (WINDOW)?
On an EBIT basis the return on assets of WINDOW_WINDOW ASIA is 6.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of WINDOW_WINDOW ASIA (WINDOW)?
The operating margin of WINDOW_WINDOW ASIA is 12.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WINDOW_WINDOW ASIA (WINDOW)?
Revenue at WINDOW_WINDOW ASIA is growing +1.3% versus a year earlier (3y avg −7.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at WINDOW_WINDOW ASIA (WINDOW)?
Earnings per share at WINDOW_WINDOW ASIA are growing +54.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does WINDOW_WINDOW ASIA (WINDOW) carry?
The net debt of WINDOW_WINDOW ASIA is 294M THB (fiscal year 2023, ≈ 4.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 3, 2026