The Erawan Group PCL (BKK:ERW) Interest Coverage: 3.58 (As of Mar. 2026) — 45% Above Median


BKK:ERW The Erawan Group PCL BKK:ERW
85 GF Score
Price ฿3.08
GF Value ฿4.04
Valuation Modestly Undervalued
! 11 Warning Signs
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What is The Erawan Group PCL Interest Coverage?

The Erawan Group PCL BKK:ERW 85 Interest Coverage is 3.58 as of Mar. 2026, which is 45% above its 10-year median of 2.47. GuruFocus rates BKK:ERW with a GF Score™ of 85/100 and a GF Value™ of ฿4.04 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 607 Travel & Leisure companies, The Erawan Group PCL ranks worse than 71.33% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. The Erawan Group PCL's Operating Income for the three months ended in Mar. 2026 was ฿547 Mil. The Erawan Group PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-153 Mil. The Erawan Group PCL's interest coverage for the quarter that ended in Mar. 2026 was 3.58. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. The Erawan Group PCL interest coverage is 2.57, which is low.

The historical rank and industry rank for The Erawan Group PCL's Interest Coverage or its related term are showing as below:

BKK:ERW' s Interest Coverage Range Over the Past 10 Years
Min: 0.21   Med: 2.47   Max: 3.11
Current: 2.57


BKK:ERW's Interest Coverage is ranked worse than
71.33% of 607 companies
in the Travel & Leisure industry
Industry Median: 5.35 vs BKK:ERW: 2.57

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


The Erawan Group PCL  (BKK:ERW) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


The Erawan Group PCL Interest Coverage Related Terms


The Erawan Group PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for The Erawan Group PCL's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The Erawan Group PCL Interest Coverage Chart

The Erawan Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.21 2.08 2.30 2.51

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
Interest Coverage 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 3.29 1.45 1.39 3.97 3.58

BKK:ERW vs MAR, HLT, H: Interest Coverage Comparison

For the Lodging subindustry, The Erawan Group PCL's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Travel & Leisure Industry

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

* The bar in red indicates where The Erawan Group PCL's Interest Coverage falls into.


BKK:ERW
85GF Score
The Erawan Group PCL BKK:ERW
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Erawan Group PCL Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The Erawan Group PCL's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, The Erawan Group PCL's Interest Expense was ฿-615 Mil. Its Operating Income was ฿1,540 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿11,899 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*1540.13/-614.726
=2.51

The Erawan Group PCL's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, The Erawan Group PCL's Interest Expense was ฿-153 Mil. Its Operating Income was ฿547 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿12,721 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*546.835/-152.66
=3.58

* 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 higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 3.58 mean?
The Erawan Group PCL (BKK:ERW) has a Interest Coverage of 3.58 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on The Erawan Group PCL and its competitors. This is 45% above median its historical median of 2.47. Over the past decade, The Erawan Group PCL's Interest Coverage has ranged from 0.21 to 3.11. According to the industry distribution chart, The Erawan Group PCL ranks #433 out of 607 companies in the Travel & Leisure industry, placing it in the top 71.3%.
Is The Erawan Group PCL's Interest Coverage too high?
The Erawan Group PCL's current Interest Coverage of 3.58 is 45% above median its 10-year median of 2.47. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 3.11. The Travel & Leisure industry median Interest Coverage is 5.35. The Erawan Group PCL's value of 3.58 is 33.1% below this industry median. Based on the distribution chart, The Erawan Group PCL ranks #433 out of 607 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, The Erawan Group PCL has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Erawan Group PCL's Interest Coverage compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, The Erawan Group PCL ranks #433 out of 607 companies for Interest Coverage. This places The Erawan Group PCL in the lower half of its industry. The industry median Interest Coverage is 5.35. The Erawan Group PCL's value of 3.58 is 33.1% below this benchmark. Historically, The Erawan Group PCL's own Interest Coverage has ranged from 0.21 to 3.11 over the past decade. While the company's 10-year median is 2.47 vs. the industry median of 5.35, 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 Interest Coverage for a Travel & Leisure company?
The median Interest Coverage among Travel & Leisure companies is 5.35, based on 607 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Erawan Group PCL's current Interest Coverage of 3.58 is 33.1% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on The Erawan Group PCL and its competitors. For the Travel & Leisure industry, the median Interest Coverage is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Erawan Group PCL's current Interest Coverage is 3.58, which is 45% above median its own 10-year median of 2.47. 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 ฿3.08 — trading 23.8% below its estimated fair value. The current Interest Coverage is 3.58, which is 45% above median its 10-year median of 2.47 and 33.1% below the Travel & Leisure industry median of 5.35. The Erawan Group PCL's overall GF Score™ is 85/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For The Erawan Group PCL (BKK:ERW), the current Interest Coverage is 3.58 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 23.8% below its estimated GF Value™ of ฿4.04. GuruFocus considers The Erawan Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:ERW:

  • Interest Coverage: 3.58 (45% above median its 10-year median of 2.47)
  • GF Value™: ฿4.04 vs. price of ฿3.08 (23.8% below fair value)
  • GF Score™: 85/100 with 11 warning signs
  • Industry Position: 33.1% below the Travel & Leisure median (#433 of 607)

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.
85GF Score

Get the complete analysis for BKK:ERW

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

฿3.08
Price
฿4.04
GF Value