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STOCK COMPARISON

Goodman vs WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust: Fair Value & Quality

Both stocks run through our valuation models. Here is how Goodman (GMG) and WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust (WHART) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust as the less overvalued of the two: Goodman trades at A$26.77 versus a fair value of A$7.92 (-70%), while WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust trades at THB 10.90 versus THB 9.18 (-16%).
Goodman
GMG.AU · AUD · Real Estate
-70%
upside to fair value
overvalued
PriceA$26.77
Fair ValueA$7.92
Quality61/100
WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust
WHART.BK · THB · Real Estate
-16%
upside to fair value
overvalued
PriceTHB 10.90
Fair ValueTHB 9.18
Quality67/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

GoodmanWHA Premium Growth Freehold And Leasehold Real Estate Investment Trust
Valuation
31.7×P/E (TTM)15.4×
13.91×P/S (TTM)10.72×
1.85×P/B1.03×
24.5×EV/EBITDA17.3×
2.72×PEGn/a
−70.4%Fair value upside−15.8%
1.1%Dividend yield6.2%
A$0.30Dividend per shareTHB 0.68
Profitability
56%Operating margin91%
0.79×EBIT margin trend (5Y)2.30×
8%Return on equity7%
4%Return on assets4%
Growth
-16%Revenue growth (YoY)3%
2.4%Avg. growth/yr (3Y)3.1%
8.1%Avg. growth/yr (5Y)6.4%
+3.2%Value creation/yr+4.4%
Balance & size
2.0×Interest coverage (EBIT/interest)6.3×
0.20×Debt / equity0.33×
$43BMarket cap$1B
healthyGrowth qualitymixed

WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust leads: 3 to 11 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Goodmanof which business quality 61 · market factors 36 WHA Premium Growth Freehold And Leasehold Real Estate Investment Trustof which business quality 65 · market factors 72
ProfitabilityMargins and returns on capital today
38
37
Quality GrowthAre margins and returns improving?
62
53
CashflowEarnings quality: real cash, not paper profit
76
82
Fin. StrengthBalance sheet, leverage, solvency risk
74
56
InvestmentDisciplined investing over empire-building
57
96
Low VolatilityCalm price path (market factor)
64
97
MomentumPrice trend over the last 3–12 months (market factor)
30
55
52W MomentumDistance to the 52-week high (market factor)
15
73
Net IssuanceShare count: buybacks or dilution?
55
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyGoodmanPrice A$26.77WHA Premium Growth Freehold And Leasehold Real Estate Investment TrustPrice THB 10.90
DCF Models-70%below the priceA$7.96+3%close to the priceTHB 11.26
Dividend Discount-82%below the priceA$4.92-15%close to the priceTHB 9.27
Multiples-76%below the priceA$6.55+6%close to the priceTHB 11.52
Asset-Based-71%below the priceA$7.64-35%below the priceTHB 7.07
Growth DCF-63%below the priceA$9.78-25%below the priceTHB 8.22
Economic Profit-63%below the priceA$9.80-24%below the priceTHB 8.27
Minimum-82%below the priceA$4.92-35%below the priceTHB 7.07
Maximum-63%below the priceA$9.80+6%close to the priceTHB 11.52
Median-71%below the priceA$7.80-20%below the priceTHB 8.77
Geometric mean-72%below the priceA$7.57-16%below the priceTHB 9.13

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Goodman: 16 of 16 models see the stock below the current price.

WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust: 10 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Goodman
Price A$26.77
Fair Value A$7.92
Bear A$4.88Bull A$10.95
WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust
Price THB 10.90
Fair Value THB 9.18
Bear THB 5.15Bull THB 14.39

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Goodman · Real Estate

Quality score61 · Top 25%
Fair value upside-70% · bottom 25%

WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust · Real Estate

Quality score67 · Top 25%
Fair value upside-16% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust as the less overvalued of the two: Goodman trades at A$26.77 versus a fair value of A$7.92 (-70%), while WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust trades at THB 10.90 versus THB 9.18 (-16%).

WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust has the higher quality score (67/100).

Open WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.