The Erawan Group PCL (BKK:ERW) EBIT: ฿1,598 Mil (TTM As of Mar. 2026)


BKK:ERW The Erawan Group PCL BKK:ERW
84 GF Score
Price ฿3.08
GF Value ฿4.03
Valuation Modestly Undervalued
! 11 Warning Signs
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What is The Erawan Group PCL EBIT?

The Erawan Group PCL BKK:ERW +1.32% 84 EBIT is ฿1,598 Mil as of Mar. 2026. GuruFocus rates BKK:ERW with a GF Score™ of 84/100 and a GF Value™ of ฿4.03 (Modestly Undervalued). The stock has 11 warning signs investors should review.

The Erawan Group PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿561 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿1,598 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Erawan Group PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 7.75%. The Erawan Group PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Erawan Group PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.49%.


The Erawan Group PCL  (BKK:ERW) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

The Erawan Group PCL's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2187.34 * ( 1 - 4.11% )/( (27060.111 + 27045.905)/ 2 )
=2097.440326/27053.008
=7.75 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=26459.926 - 911.564 - ( 1893.949 - max(0, 3914.344 - 2402.595+1893.949))
=27060.111

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=26333.474 - 249.636 - ( 1086.003 - max(0, 2538.907 - 1576.84+1086.003))
=27045.905

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

The Erawan Group PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2243.128/( ( (23462.521 + max(-809.286, 0)) + (24189.303 + max(-625.693, 0)) )/ 2 )
=2243.128/( ( 23462.521 + 24189.303 )/ 2 )
=2243.128/23825.912
=9.41 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(232.438 + 40.396 + 112.55) - (911.564 + 165.725 + 117.381)
=-809.286

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(170.802 + 34.37 + 147.077) - (249.636 + 0 + 728.306)
=-625.693

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

The Erawan Group PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1597.791/29086.532
=5.49 %

* 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 EBIT Related Terms


The Erawan Group PCL EBIT Historical Data

* Premium members only.

The historical data trend for The Erawan Group PCL's EBIT 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 EBIT Chart

The Erawan Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,600.25 215.18 1,327.69 2,018.51 1,570.56

The Erawan Group PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 533.55 238.69 219.73 578.60 560.78

BKK:ERW vs MAR, HLT, H: EBIT Comparison

For the Lodging subindustry, The Erawan Group PCL's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Erawan Group PCL's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where The Erawan Group PCL's EV-to-EBIT falls into.


BKK:ERW
84GF Score
The Erawan Group PCL BKK:ERW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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The Erawan Group PCL EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿1,598 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ฿1,598 Mil mean?
The Erawan Group PCL (BKK:ERW) has a EBIT of ฿1,598 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on The Erawan Group PCL.
Is The Erawan Group PCL's EBIT too high?
The Erawan Group PCL's current EBIT is ฿1,598 Mil. Overall, The Erawan Group PCL has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Erawan Group PCL's EBIT compare to MAR and HLT?
The Erawan Group PCL's EBIT of ฿1,598 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Travel & Leisure company?
A good EBIT depends on the Travel & Leisure industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on The Erawan Group PCL. The Erawan Group PCL's current EBIT is ฿1,598 Mil. 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) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿4.03, compared to a current price of ฿3.08 — trading 23.6% below its estimated fair value. The current EBIT is ฿1,598 Mil. The Erawan Group PCL's overall GF Score™ is 84/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For The Erawan Group PCL (BKK:ERW), the current EBIT is ฿1,598 Mil as of Mar. 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) Overvalued in 2026?

Based on GuruFocus' analysis, The Erawan Group PCL stock appears to be undervalued. The current stock price of ฿3.08 is trading 23.6% below its estimated GF Value™ of ฿4.03. GuruFocus considers The Erawan Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:ERW:

  • EBIT: ฿1,598 Mil
  • GF Value™: ฿4.03 vs. price of ฿3.08 (23.6% below fair value)
  • GF Score™: 84/100 with 11 warning signs

No single metric tells the full story. See the BKK:ERW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Erawan Group PCL Business Description

Address 2 Sukhumvit Road, Ploenchit Center Building, 6th Floor, Klong Toey District, Bangkok, THA, 10110
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.
84GF Score

Get the complete analysis for BKK:ERW

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿3.08
Price
฿4.03
GF Value