The Erawan Group PCL (BKK:ERW-R) Shiller PE Ratio: (As of Aug. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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-R The Erawan Group PCL BKK:ERW-R
73 GF Score
Price ฿3.75
GF Value ฿2.80
Valuation Significantly Overvalued
! 12 Warning Signs
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What is The Erawan Group PCL Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Erawan Group PCL  (BKK:ERW-R) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


The Erawan Group PCL Shiller PE Ratio Related Terms


The Erawan Group PCL Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for The Erawan Group PCL's Shiller PE Ratio 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 Shiller PE Ratio Chart

The Erawan Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

The Erawan Group PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 0.00 0.00 0.00 0.00 0.00

BKK:ERW-R vs MAR, HLT, H: Shiller PE Ratio Comparison

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

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

* The bar in red indicates where The Erawan Group PCL's Shiller PE Ratio falls into.


BKK:ERW-R
73GF Score
The Erawan Group PCL BKK:ERW-R
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Erawan Group PCL Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

The Erawan Group PCL's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, The Erawan Group PCL's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.015/333.9520*333.9520
=0.015

Current CPI (Jun. 2026) = 333.9520.

The Erawan Group PCL Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.014 241.428 0.019
201612 0.027 241.432 0.037
201703 0.053 243.801 0.073
201706 0.015 244.955 0.020
201709 0.020 246.819 0.027
201712 0.041 246.524 0.056
201803 0.073 249.554 0.098
201806 0.008 251.989 0.011
201809 0.011 252.439 0.015
201812 0.046 251.233 0.061
201903 0.060 254.202 0.079
201906 -0.002 256.143 -0.003
201909 0.011 256.759 0.014
201912 0.045 256.974 0.058
202003 -0.026 258.115 -0.034
202006 -0.159 257.797 -0.206
202009 -0.204 260.280 -0.262
202012 -0.121 260.474 -0.155
202103 -0.195 264.877 -0.246
202106 -0.233 271.696 -0.286
202109 -0.137 274.310 -0.167
202112 -0.023 278.802 -0.028
202203 -0.069 287.504 -0.080
202206 -0.031 296.311 -0.035
202209 -0.003 296.808 -0.003
202212 0.053 296.797 0.060
202303 0.051 301.836 0.056
202306 0.031 305.109 0.034
202309 0.032 307.789 0.035
202312 0.046 306.746 0.050
202403 0.089 312.332 0.095
202406 0.079 314.175 0.084
202409 0.026 315.301 0.028
202412 0.077 315.605 0.081
202503 0.071 319.799 0.074
202506 0.013 322.561 0.013
202509 0.012 324.800 0.012
202512 0.076 324.054 0.078
202603 0.077 330.213 0.078
202606 0.015 333.952 0.015

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is The Erawan Group PCL (BKK:ERW-R) Overvalued in 2026?

Based on GuruFocus' analysis, The Erawan Group PCL stock appears to be overvalued. The current stock price of ฿3.75 is trading 34% above its estimated GF Value™ of ฿2.80. GuruFocus considers The Erawan Group PCL to be Significantly Overvalued.

Key valuation signals for BKK:ERW-R:

  • Shiller PE Ratio:
  • GF Value™: ฿2.80 vs. price of ฿3.75 (34% above fair value)
  • GF Score™: 73/100 with 12 warning signs

No single metric tells the full story. See the BKK:ERW-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Erawan Group PCL Business Description

Other Exchanges ERW:Thailand
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.
73GF Score

Get the complete analysis for BKK:ERW-R

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

฿3.75
Price
฿2.80
GF Value