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 Equity-to-Asset is 0.35 as of Jun. 2026, which is 9% above its 10-year median of 0.32. GuruFocus rates BKK:ERW-R with a GF Score™ of 73/100 and a GF Value™ of ฿3.53 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 857 Travel & Leisure companies, The Erawan Group PCL ranks worse than 67.68% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Erawan Group PCL's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ฿9,132 Mil. The Erawan Group PCL's Total Assets for the quarter that ended in Jun. 2026 was ฿26,433 Mil.
Therefore, The Erawan Group PCL's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.35.
The historical rank and industry rank for The Erawan Group PCL's Equity-to-Asset or its related term are showing as below:
BKK:ERW-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.32 Max: 0.36
Current: 0.35
During the past 13 years, the highest Equity to Asset Ratio of The Erawan Group PCL was 0.36. The lowest was 0.16. And the median was 0.32.
BKK:ERW-R's Equity-to-Asset is ranked worse than 67.68% of 857
companies
in the Travel & Leisure industry
Industry Median: 0.51
vs BKK:ERW-R: 0.35
The Erawan Group PCL (BKK:ERW-R) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
The Erawan Group PCL Equity-to-Asset Related Terms
The Erawan Group PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for The Erawan Group PCL's Equity-to-Asset 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.
BKK:ERW-R vs MAR, HLT, H: Equity-to-Asset Comparison
For the Lodging subindustry, The Erawan Group PCL's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Erawan Group PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The Erawan Group PCL's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
The Erawan Group PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (BKK:ERW-R) has a Equity-to-Asset of 0.35 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on The Erawan Group PCL and its competitors. This is near median its historical median of 0.32. Over the past decade, The Erawan Group PCL's Equity-to-Asset has ranged from 0.16 to 0.36. According to the industry distribution chart, The Erawan Group PCL ranks #580 out of 857 companies in the Travel & Leisure industry, placing it in the top 67.7%.
Is The Erawan Group PCL's Equity-to-Asset too high?
The Erawan Group PCL's current Equity-to-Asset of 0.35 is near median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.36. The Travel & Leisure industry median Equity-to-Asset is 0.51. The Erawan Group PCL's value of 0.35 is 31.4% below this industry median. Based on the distribution chart, The Erawan Group PCL ranks #580 out of 857 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 Equity-to-Asset compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, The Erawan Group PCL ranks #580 out of 857 companies for Equity-to-Asset. This places The Erawan Group PCL in the lower half of its industry. The industry median Equity-to-Asset is 0.51. The Erawan Group PCL's value of 0.35 is 31.4% below this benchmark. Historically, The Erawan Group PCL's own Equity-to-Asset has ranged from 0.16 to 0.36 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.51, The Erawan Group PCL has consistently been below 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 Equity-to-Asset for a Travel & Leisure company?
The median Equity-to-Asset among Travel & Leisure companies is 0.51, based on 857 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Erawan Group PCL's current Equity-to-Asset of 0.35 is 31.4% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on The Erawan Group PCL and its competitors. For the Travel & Leisure industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Erawan Group PCL's current Equity-to-Asset is 0.35, which is near median its own 10-year median of 0.32. 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 ฿3.53, compared to a current price of ฿3.75 — trading 6.3% above its estimated fair value. The current Equity-to-Asset is 0.35, which is near median its 10-year median of 0.32 and 31.4% below the Travel & Leisure industry median of 0.51. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For The Erawan Group PCL (BKK:ERW-R), the current Equity-to-Asset is 0.35 as of Jun. 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 6.3% above its estimated GF Value™ of ฿3.53.
GuruFocus considers The Erawan Group PCL to be Significantly Overvalued.
Key valuation signals for BKK:ERW-R:
Equity-to-Asset: 0.35 (near median its 10-year median of 0.32)
GF Value™: ฿3.53 vs. price of ฿3.75 (6.3% above fair value)
Industry Position: 31.4% below the Travel & Leisure median (#580 of 857)
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
Equity-to-Asset 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 
