The Erawan Group PCLBKK:ERW +1.32%84 ROE % is 16.39% as of Mar. 2026, which is 89% above its 10-year median of 8.68. 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. Among 824 Travel & Leisure companies, The Erawan Group PCL ranks better than 63.47% on this metric.
The historical rank and industry rank for The Erawan Group PCL's ROE % or its related term are showing as below:
BKK:ERW'
s ROE % Range Over the Past 10 Years
Min: -41.74 Med: 8.68 Max: 17.03
Current: 9.68
During the past 13 years, The Erawan Group PCL's highest ROE % was 17.03%. The lowest was -41.74%. And the median was 8.68%.
BKK:ERW's ROE % is ranked better than 63.47% of 824
companies
in the Travel & Leisure industry
Industry Median: 5.45
vs BKK:ERW: 9.68
The Erawan Group PCL (BKK:ERW) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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.
For the Lodging subindustry, The Erawan Group PCL's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Erawan Group PCL's ROE % distribution charts can be found below:
* The bar in red indicates where The Erawan Group PCL's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
The Erawan Group PCL (BKK:ERW) has a ROE % of 16.39% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on The Erawan Group PCL and its competitors. This is 89% above median its historical median of 8.68. According to the industry distribution chart, The Erawan Group PCL ranks #301 out of 824 companies in the Travel & Leisure industry, placing it in the top 36.5%.
Is The Erawan Group PCL's ROE % too high?
The Erawan Group PCL's current ROE % of 16.39% is 89% above median its 10-year median of 8.68. The Travel & Leisure industry median ROE % is 5.45. The Erawan Group PCL's value of 16.39% is 200.7% above this industry median. Based on the distribution chart, The Erawan Group PCL ranks #301 out of 824 companies in the Travel & Leisure industry, which is above the industry midpoint. 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 ROE % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, The Erawan Group PCL ranks #301 out of 824 companies for ROE %. This puts The Erawan Group PCL in the upper half of its industry. The industry median ROE % is 5.45. The Erawan Group PCL's value of 16.39% is 200.7% above this benchmark. While the company's 10-year median is 8.68 vs. the industry median of 5.45, 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 ROE % for a Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.45, based on 824 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Erawan Group PCL's current ROE % of 16.39% is 200.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on The Erawan Group PCL and its competitors. For the Travel & Leisure industry, the median ROE % is 5.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Erawan Group PCL's current ROE % is 16.39%, which is 89% above median its own 10-year median of 8.68. 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 ROE % is 16.39%, which is 89% above median its 10-year median of 8.68 and 200.7% above the Travel & Leisure industry median of 5.45. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For The Erawan Group PCL (BKK:ERW), the current ROE % is 16.39% 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:
ROE %: 16.39% (89% above median its 10-year median of 8.68)
GF Value™: ฿4.03 vs. price of ฿3.08 (23.6% below fair value)
Industry Position: 200.7% above the Travel & Leisure median (#301 of 824)
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 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
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