Land and Houses (LH) Stock Price, Fundamentals & Analysis

What LH does

Land and Houses (LH) is a Thai real-estate developer listed on the Stock Exchange of Thailand. It builds and sells single-detached houses, duo homes, townhouses, and condominiums, and also operates a rental-and-services segment that includes shopping malls, hotels, and apartments. The company, founded in 1973 and headquartered in Bangkok, is a mid-cap constituent of the SET50 index.

Key numbers explained

• The current price is 3.62 THB, unchanged today. Over the past 52 weeks the share has moved between 3.4 and 4.5, and is down 15.8% from a year ago.
• The trailing P/E ratio of 16.5 shows how much investors pay per baht of recent earnings; the forward P/E ratio of 10.4 reflects the same idea using expected future earnings.
• The dividend yield of 6.63% means the annual dividend represents roughly 6.6% of the current price. The company pays out 114% of its trailing earnings as dividends, with the next ex-dividend date on 29 Apr 2026.
• Earnings per share (trailing 12 months) is 0.22 THB, while the price-to-book ratio of 0.91 suggests the share trades below its book value.
• The beta of 0.34 indicates LH tends to move less than the overall market, and the debt-to-equity ratio of 154% shows debt exceeds equity.

What to watch

• Revenue growth is negative (-23% year-over-year), while the profit margin sits at 13.5% and the operating margin at 4.6%.
• LH operates in a cyclical sector, so its results are sensitive to Thai housing demand, interest rates, and the value of the baht.
• As a SET50 stock, LH is often compared with peers such as WHA Corporation (WHA), Central Pattana (CPN), and international REITs like Vicinity Centres (VCX), LondonMetric Property (LMP), and Mapletree Pan Asia Commercial Trust (N2IU).
• The next earnings release is scheduled for 12 Nov 2026.