The Erawan Group PCL (BKK:ERW) EV-to-FCF: 39.17 (As of Jul. 18, 2026) — 55857% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BKK:ERW The Erawan Group PCL BKK:ERW
84 GF Score
Price ฿3.06
GF Value ฿4.04
Valuation Modestly Undervalued
! 11 Warning Signs
View Full Analysis

What is The Erawan Group PCL EV-to-FCF?

The Erawan Group PCL BKK:ERW -1.29% 84 EV-to-FCF is 39.17 as of Jul. 18, 2026, which is 55857% above its 10-year median of 0.07. GuruFocus rates BKK:ERW with a GF Score™ of 84/100 and a GF Value™ of ฿4.04 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 569 Travel & Leisure companies, The Erawan Group PCL ranks worse than 77.5% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, The Erawan Group PCL's Enterprise Value is ฿28,989 Mil. The Erawan Group PCL's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ฿740 Mil. Therefore, The Erawan Group PCL's EV-to-FCF for today is 39.17.

The historical rank and industry rank for The Erawan Group PCL's EV-to-FCF or its related term are showing as below:

BKK:ERW' s EV-to-FCF Range Over the Past 10 Years
Min: -741.53   Med: 0.07   Max: 53176.67
Current: 39.17

During the past 13 years, the highest EV-to-FCF of The Erawan Group PCL was 53176.67. The lowest was -741.53. And the median was 0.07.

BKK:ERW's EV-to-FCF is ranked worse than
77.5% of 569 companies
in the Travel & Leisure industry
Industry Median: 15.74 vs BKK:ERW: 39.17

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-18), The Erawan Group PCL's stock price is ฿3.06. The Erawan Group PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿0.178. Therefore, The Erawan Group PCL's PE Ratio (TTM) for today is 17.19.


The Erawan Group PCL  (BKK:ERW) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

The Erawan Group PCL's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=3.06/0.178
=17.19

The Erawan Group PCL's share price for today is ฿3.06.
The Erawan Group PCL's Earnings per Share (Diluted) 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 ฿0.178.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


The Erawan Group PCL EV-to-FCF Related Terms


The Erawan Group PCL EV-to-FCF Historical Data

* Premium members only.

The historical data trend for The Erawan Group PCL's EV-to-FCF 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 EV-to-FCF Chart

The Erawan Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.07 68.01 52,074.91 -153.45 19.16

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
EV-to-FCF 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 -217.30 17.00 19.88 19.16 35.08

BKK:ERW vs MAR, HLT, H: EV-to-FCF Comparison

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

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

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


BKK:ERW
84GF Score
The Erawan Group PCL BKK:ERW
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Erawan Group PCL EV-to-FCF Calculation

The Erawan Group PCL's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=28988.793/740.071
=39.17

The Erawan Group PCL's current Enterprise Value is ฿28,989 Mil.
The Erawan Group PCL's Free Cash Flow 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 ฿740 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 EV-to-FCF →
What does a EV-to-FCF of 39.17 mean?
The Erawan Group PCL (BKK:ERW) has a EV-to-FCF of 39.17 as of Jul. 18, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on The Erawan Group PCL and its competitors. This is 55857% above median its historical median of 0.07. According to the industry distribution chart, The Erawan Group PCL ranks #441 out of 569 companies in the Travel & Leisure industry, placing it in the top 77.5%.
Is The Erawan Group PCL's EV-to-FCF too high?
The Erawan Group PCL's current EV-to-FCF of 39.17 is 55857% above median its 10-year median of 0.07. The Travel & Leisure industry median EV-to-FCF is 15.74. The Erawan Group PCL's value of 39.17 is 148.9% above this industry median. Based on the distribution chart, The Erawan Group PCL ranks #441 out of 569 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. 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 EV-to-FCF compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, The Erawan Group PCL ranks #441 out of 569 companies for EV-to-FCF. This places The Erawan Group PCL in the lower half of its industry. The industry median EV-to-FCF is 15.74. The Erawan Group PCL's value of 39.17 is 148.9% above this benchmark. While the company's 10-year median is 0.07 vs. the industry median of 15.74, 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 EV-to-FCF for a Travel & Leisure company?
The median EV-to-FCF among Travel & Leisure companies is 15.74, based on 569 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Erawan Group PCL's current EV-to-FCF of 39.17 is 148.9% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on The Erawan Group PCL and its competitors. For the Travel & Leisure industry, the median EV-to-FCF is 15.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Erawan Group PCL's current EV-to-FCF is 39.17, which is 55857% above median its own 10-year median of 0.07. 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 ฿4.04, compared to a current price of ฿3.06 — trading 24.3% below its estimated fair value. The current EV-to-FCF is 39.17, which is 55857% above median its 10-year median of 0.07 and 148.9% above the Travel & Leisure industry median of 15.74. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For The Erawan Group PCL (BKK:ERW), the current EV-to-FCF is 39.17 as of Jul. 18, 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 ฿3.06 is trading 24.3% below its estimated GF Value™ of ฿4.04. GuruFocus considers The Erawan Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:ERW:

  • EV-to-FCF: 39.17 (55857% above median its 10-year median of 0.07)
  • GF Value™: ฿4.04 vs. price of ฿3.06 (24.3% below fair value)
  • GF Score™: 84/100 with 11 warning signs
  • Industry Position: 148.9% above the Travel & Leisure median (#441 of 569)

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

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

฿3.06
Price
฿4.04
GF Value