WINDOW_WINDOW ASIA (WINDOW) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of WINDOW_WINDOW ASIA THB 0.82, price THB 0.75, upside +9.4%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
35‑month range 0.5917 THB – 1.38 THB · fair‑value band 0.8208 THB – 0.9711 THB · the 0.7500 THB price screens below the 0.8208 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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. 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.
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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. 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 0.7500 THB, while our model-based Fair Value estimate is 0.8208 THB, implying the stock looks roughly 8.6% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.8800 THB per share, and 10 of the 22 models we run sit above the 0.7500 THB price.
Bear case: the Earnings-Based group reads lowest at 0.3300 THB, and 12 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.8208 THB (bear) to 0.9711 THB (bull), the price of 0.7500 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 666M THB (≈ $20.0M) · P/E ratio 18.8 · P/S ratio 0.92 · EPS (TTM) 0.0400 THB · Dividend yield 4.0% · Net margin 4.9% · Return on equity 3.7% · Return on assets (EBIT) 6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at 9%, WINDOW screens cheaper than that median.
Fair Value models
Bear 0.8208 THBFair Value 0.8208 THBBull 0.9711 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 3 months old). Earnings retained since then (0.0024 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.Evidence ⓘEvidence = 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.
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.
−14.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.7%
Dividend (yield on the price)4.0%
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
Price in line with expectations
The price assumes about as much growth as 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).
−4.9%
Yearly growth needed for the next five years to justify today's price.
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 −6.0% 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 · 258 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+9% · Above median
Profitability
Return on equity (TTM)4% · Below median
Return on assets2% · Below median
Net margin (TTM)5% · Above median
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth−2% · Below median
Dividend yield (TTM)4.0% · 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 Sep 24, 2026, our model estimates a fair value of 0.8208 THB versus a price of 0.7500 THB, about +9% upside (fairly valued).
What is the fair value of WINDOW?
Our model-based fair value for WINDOW_WINDOW ASIA is 0.8208 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.7500 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 0.8208 THB (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 0.8208 THB, optimistic scenario 0.9711 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 0.8208 THB, about +9% upside versus a price of 0.7500 THB (fairly valued). Cautious scenario 0.8208 THB, optimistic scenario 0.9711 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 714M THB (latest available figure, as of Sep 24, 2026).
Does WINDOW_WINDOW ASIA pay a dividend?
WINDOW_WINDOW ASIA currently shows a dividend yield of about 4.00% relative to its recent price (as of Sep 24, 2026).
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 -4.9 % 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 Sep 24, 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 0.49, 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 -4.9 % per year a year over ten years, 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 -4.9 % per year free-cash-flow growth a 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 +0.0 % a year. That is the yardstick for the growth priced into WINDOW_WINDOW ASIA (-4.9 % per year a 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 10.01 %: 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 0.8208 THB per share (as of Sep 24, 2026), against a price of 0.7500 THB. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is WINDOW_WINDOW ASIA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, WINDOW trades below its calculated fair value: price 0.7500 THB, fair value 0.8208 THB, a gap of about +9% (fairly valued). 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 (0.7500 THB); the fair value is what the company's own numbers justify (0.8208 THB). For WINDOW_WINDOW ASIA the two are 0.0708 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 666M THB (market capitalisation, as of Sep 24, 2026). Per share that is 0.7500 THB; our models calculate a fair value of 0.8208 THB per share.
What do the bullish and bearish scenarios say about WINDOW?
Our models span a range for WINDOW_WINDOW ASIA: cautious scenario 0.8208 THB, base 0.8208 THB, optimistic 0.9711 THB per share (as of Sep 24, 2026, price 0.7500 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 18.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.8208 THB is built from several models across several years. Other multiples: P/B 0.7, P/S 0.9, EV/EBITDA 9.6.
How solid is the balance sheet of WINDOW_WINDOW ASIA (WINDOW)?
Balance-sheet figures for WINDOW_WINDOW ASIA (as of Sep 24, 2026): return on equity 3.7%, 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 0.7500 THB, about 13% below its 52-week high of 0.8645 THB and 18% above the low of 0.6339 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.8208 THB is for.
Which stocks are comparable to WINDOW_WINDOW ASIA?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement Limited, 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 Sep 24, 2026: price 0.7500 THB, calculated fair value 0.8208 THB (+9%), Quality Score 58/100, from 22 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 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.8208 THB, 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 13.2 % above its aggregate fair value. WINDOW_WINDOW ASIA currently trades 9 % 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 Sep 24, 2026 was 0.7500 THB. Our model-based fair value is 0.8208 THB, about +9% upside (fairly valued). 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 (0.8208 THB). The market is more pessimistic than our downside scenario. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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 666M THB (≈ $20.0M). 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 0.92 (P/E × margin). 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 0.0400 THB (price ÷ EPS = P/E 18.8). 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 4.0% (payout 75.0%). 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 4.9% (fiscal year 2026). 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 3.7% (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 6.1% (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 −1.8% 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 −13.2% 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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