The Erawan Group PCL (BKK:ERW) ROCE %: 9.68% (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 ROCE %?

The Erawan Group PCL BKK:ERW +1.32% 84 ROCE % is 9.68% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. The Erawan Group PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.68%.

The Erawan Group PCL  (BKK:ERW) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

The Erawan Group PCL ROCE % Related Terms

The Erawan Group PCL ROCE % Historical Data

* Premium members only.

The historical data trend for The Erawan Group PCL's ROCE % 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 ROCE % Chart

The Erawan Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.13 1.05 6.55 9.20 6.86

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
ROCE % 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 9.11 4.09 3.83 10.20 9.68
BKK:ERW
84GF Score
The Erawan Group PCL BKK:ERW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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The Erawan Group PCL ROCE % Calculation

The Erawan Group PCL's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1570.561/( ( (26246.078 - 2980.735) + (26459.926 - 3914.344) )/ 2 )
=1570.561/( (23265.343+22545.582)/ 2 )
=1570.561/22905.4625
=6.86 %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2243.128/( ( (26459.926 - 3914.344) + (26333.474 - 2538.907) )/ 2 )
=2243.128/( ( 22545.582 + 23794.567 )/ 2 )
=2243.128/23170.0745
=9.68 %

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

* 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 ROCE % →
What does a ROCE % of 9.68% mean?
The Erawan Group PCL (BKK:ERW) has a ROCE % of 9.68% as of Mar. 2026.
Is The Erawan Group PCL's ROCE % too high?
The Erawan Group PCL's current ROCE % is 9.68%. The Travel & Leisure industry median ROCE % is 6.15. The Erawan Group PCL's value of 9.68% is 57.4% above this industry median. 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 ROCE % compare to MAR and HLT?
The Erawan Group PCL's ROCE % of 9.68% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.15. The Erawan Group PCL's value of 9.68% is 57.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.15, based on 837 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Erawan Group PCL's current ROCE % of 9.68% is 57.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median ROCE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Erawan Group PCL's current ROCE % is 9.68%. 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 ROCE % is 9.68% and 57.4% above the Travel & Leisure industry median of 6.15. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For The Erawan Group PCL (BKK:ERW), the current ROCE % is 9.68% 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:

  • ROCE %: 9.68%
  • GF Value™: ฿4.03 vs. price of ฿3.08 (23.6% below fair value)
  • GF Score™: 84/100 with 11 warning signs
  • Industry Position: 57.4% above the Travel & Leisure median

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

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

฿3.08
Price
฿4.03
GF Value