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The Erawan Group PCLBKK:ERW +2.82%84 3-Year ROIIC % is 21.83 as of Dec. 2025, which is 57% above its 10-year median of 13.92. GuruFocus rates BKK:ERW with a GF Score™ of 84/100 and a GF Value™ of ฿4.06 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 792 Travel & Leisure companies, The Erawan Group PCL ranks better than 72.98% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
The Erawan Group PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 21.83%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for The Erawan Group PCL's 3-Year ROIIC % or its related term are showing as below:
BKK:ERW's 3-Year ROIIC % is ranked better than 72.98% of 792
companies
in the Travel & Leisure industry
Industry Median: 3.88
vs BKK:ERW: 21.83
The Erawan Group PCL (BKK:ERW) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
The Erawan Group PCL 3-Year ROIIC % Related Terms
The Erawan Group PCL 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for The Erawan Group PCL's 3-Year ROIIC % 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.
For the Lodging subindustry, The Erawan Group PCL's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Erawan Group PCL's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where The Erawan Group PCL's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
The Erawan Group PCL (BKK:ERW) has a 3-Year ROIIC % of 21.83 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on The Erawan Group PCL and its competitors. This is 57% above median its historical median of 13.92. According to the industry distribution chart, The Erawan Group PCL ranks #214 out of 792 companies in the Travel & Leisure industry, placing it in the top 27%.
Is The Erawan Group PCL's 3-Year ROIIC % too high?
The Erawan Group PCL's current 3-Year ROIIC % of 21.83 is 57% above median its 10-year median of 13.92. The Travel & Leisure industry median 3-Year ROIIC % is 3.88. The Erawan Group PCL's value of 21.83 is 462.6% above this industry median. Based on the distribution chart, The Erawan Group PCL ranks #214 out of 792 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 3-Year ROIIC % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, The Erawan Group PCL ranks #214 out of 792 companies for 3-Year ROIIC %. This puts The Erawan Group PCL in the upper half of its industry. The industry median 3-Year ROIIC % is 3.88. The Erawan Group PCL's value of 21.83 is 462.6% above this benchmark. While the company's 10-year median is 13.92 vs. the industry median of 3.88, 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 3-Year ROIIC % for a Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 3.88, based on 792 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Erawan Group PCL's current 3-Year ROIIC % of 21.83 is 462.6% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on The Erawan Group PCL and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Erawan Group PCL's current 3-Year ROIIC % is 21.83, which is 57% above median its own 10-year median of 13.92. 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 ฿4.06, compared to a current price of ฿3.64 — trading 10.3% below its estimated fair value. The current 3-Year ROIIC % is 21.83, which is 57% above median its 10-year median of 13.92 and 462.6% above the Travel & Leisure industry median of 3.88. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For The Erawan Group PCL (BKK:ERW), the current 3-Year ROIIC % is 21.83 as of Dec. 2025. 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 ฿3.64 is trading 10.3% below its estimated GF Value™ of ฿4.06.
GuruFocus considers The Erawan Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:ERW:
3-Year ROIIC %: 21.83 (57% above median its 10-year median of 13.92)
GF Value™: ฿4.06 vs. price of ฿3.64 (10.3% below fair value)
Industry Position: 462.6% above the Travel & Leisure median (#214 of 792)
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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