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.
The Erawan Group PCLBKK:ERW-R +0.45%73 Cyclically Adjusted PS Ratio is 3.00 as of Aug. 30, 2026, which is 16% above its 10-year median of 2.59. GuruFocus rates BKK:ERW-R with a GF Score™ of 73/100 and a GF Value™ of ฿2.80 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 671 Travel & Leisure companies, The Erawan Group PCL ranks worse than 67.81% on this metric.
The historical rank and industry rank for The Erawan Group PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:
BKK:ERW-R'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.04 Med: 2.59 Max: 4.36
Current: 2.38
During the past years, The Erawan Group PCL's highest Cyclically Adjusted PS Ratio was 4.36. The lowest was 1.04. And the median was 2.59.
BKK:ERW-R's Cyclically Adjusted PS Ratio is ranked worse than 67.81% of 671
companies
in the Travel & Leisure industry
Industry Median: 1.34
vs BKK:ERW-R: 2.38
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
The Erawan Group PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was ฿0.372. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ฿1.25 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
The Erawan Group PCL (BKK:ERW-R) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
The Erawan Group PCL Cyclically Adjusted PS Ratio Related Terms
The Erawan Group PCL Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for The Erawan Group PCL's Cyclically Adjusted PS Ratio can be seen below:
* 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.
The Erawan Group PCL Cyclically Adjusted PS Ratio Chart
BKK:ERW-R vs MAR, HLT, H: Cyclically Adjusted PS Ratio Comparison
For the Lodging subindustry, The Erawan Group PCL's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.
The Erawan Group PCL Cyclically Adjusted PS Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Erawan Group PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where The Erawan Group PCL's Cyclically Adjusted PS Ratio falls into.
The Erawan Group PCL Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
* 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.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 3.00 mean?
The Erawan Group PCL (BKK:ERW-R) has a Cyclically Adjusted PS Ratio of 3.00 as of Aug. 30, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on The Erawan Group PCL and its competitors. This is 16% above median its historical median of 2.59. Over the past decade, The Erawan Group PCL's Cyclically Adjusted PS Ratio has ranged from 1.04 to 4.36. According to the industry distribution chart, The Erawan Group PCL ranks #455 out of 671 companies in the Travel & Leisure industry, placing it in the top 67.8%.
Is The Erawan Group PCL's Cyclically Adjusted PS Ratio too high?
The Erawan Group PCL's current Cyclically Adjusted PS Ratio of 3.00 is 16% above median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 4.36. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.34. The Erawan Group PCL's value of 3.00 is 123.9% above this industry median. Based on the distribution chart, The Erawan Group PCL ranks #455 out of 671 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, The Erawan Group PCL has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Erawan Group PCL's Cyclically Adjusted PS Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, The Erawan Group PCL ranks #455 out of 671 companies for Cyclically Adjusted PS Ratio. This places The Erawan Group PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. The Erawan Group PCL's value of 3.00 is 123.9% above this benchmark. Historically, The Erawan Group PCL's own Cyclically Adjusted PS Ratio has ranged from 1.04 to 4.36 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 1.34, The Erawan Group 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 Cyclically Adjusted PS Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.34, based on 671 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Erawan Group PCL's current Cyclically Adjusted PS Ratio of 3.00 is 123.9% 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on The Erawan Group PCL and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Erawan Group PCL's current Cyclically Adjusted PS Ratio is 3.00, which is 16% above median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Erawan Group PCL stock overvalued right now?
Based on GuruFocus' analysis, The Erawan Group PCL (BKK:ERW-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿2.80, compared to a current price of ฿3.75 — trading 34% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.00, which is 16% above median its 10-year median of 2.59 and 123.9% above the Travel & Leisure industry median of 1.34. The Erawan Group PCL's overall GF Score™ is 73/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For The Erawan Group PCL (BKK:ERW-R), the current Cyclically Adjusted PS Ratio is 3.00 as of Aug. 30, 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 The Erawan Group PCL (BKK:ERW-R) Overvalued in 2026?
Based on GuruFocus' analysis, The Erawan Group PCL stock appears to be overvalued.
The current stock price of ฿3.75 is trading 34% above its estimated GF Value™ of ฿2.80.
GuruFocus considers The Erawan Group PCL to be Significantly Overvalued.
Key valuation signals for BKK:ERW-R:
Cyclically Adjusted PS Ratio: 3.00 (16% above median its 10-year median of 2.59)
GF Value™: ฿2.80 vs. price of ฿3.75 (34% above fair value)
Industry Position: 123.9% above the Travel & Leisure median (#455 of 671)
No single metric tells the full story. See the BKK:ERW-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Erawan Group PCL is a company that focuses on investing in various companies, engaged in the hotel business and in building rental business. The company operates two business segments: Hotel business segment, which consists of Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, The Naka Island, a Luxury Collection Resort and Spa, Phuket, Renaissance Koh Samui Resort and Spa, Courtyard by Marriott Bangkok, Holiday Inn Pattaya, Mercure Bangkok Siam and Ibis Hotels; and the Rental and management building business segment including Erawan Bangkok, which is a boutique mall to the center of Bangkok's business and commercial district and Ploenchit Center, which is an office building with retail shops and international restaurants. The majority of the revenue is generated from its Hotel business.
73GF Score
Get the complete analysis for BKK:ERW-R
Cyclically Adjusted PS Ratio 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:ERW-R has been successfully added to your 
