The Erawan Group Public Company Limited

BK:ERW Thailand Lodging
Market Cap
$357.97 Million
฿12.41 Billion THB
Market Cap Rank
#16121 Global
#116 in Thailand
Share Price
฿2.54
Change (1 day)
-0.78%
52-Week Range
฿1.82 - ฿3.24
All Time High
฿6.92
Categories
Companies in Thailand Lodging
About

The Erawan Group Public Company Limited engages in hotel, and building rental and management businesses primarily in Thailand, Japan, and Philippines. The company operates hotels and resorts under the Grand Hyatt Erawan Bangkok, IBIS, JW Marriott Bangkok, The Naka Island, Courtyard by Marriott Bangkok, Holiday Inn Pattaya, IBIS Styles, Novotel Bangkok Sukhumvit 4, Holiday Inn Cebu City, Mercure H… Read more

The Erawan Group Public Company Limited (ERW) - Net Assets

Latest net assets as of December 2025: ฿9.79 Billion THB

Based on the latest financial reports, The Erawan Group Public Company Limited (ERW) has net assets worth ฿9.79 Billion THB as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿26.46 Billion) and total liabilities (฿16.67 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ฿9.79 Billion
% of Total Assets 36.99%
Annual Growth Rate 4.68%
5-Year Change 62.5%
10-Year Change 92.94%
Growth Volatility 19.9

The Erawan Group Public Company Limited - Net Assets Trend (2001–2025)

This chart illustrates how The Erawan Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for The Erawan Group Public Company Limited (2001–2025)

The table below shows the annual net assets of The Erawan Group Public Company Limited from 2001 to 2025.

Year Net Assets Change
2025-12-31 ฿9.79 Billion +3.11%
2024-12-31 ฿9.49 Billion +49.01%
2023-12-31 ฿6.37 Billion +11.33%
2022-12-31 ฿5.72 Billion -5.00%
2021-12-31 ฿6.02 Billion +53.31%
2020-12-31 ฿3.93 Billion -33.88%
2019-12-31 ฿5.94 Billion +4.08%
2018-12-31 ฿5.71 Billion +5.65%
2017-12-31 ฿5.40 Billion +6.52%
2016-12-31 ฿5.07 Billion +3.17%
2015-12-31 ฿4.92 Billion +3.86%
2014-12-31 ฿4.73 Billion -9.47%
2013-12-31 ฿5.23 Billion +40.78%
2012-12-31 ฿3.71 Billion -1.47%
2011-12-31 ฿3.77 Billion +15.17%
2010-12-31 ฿3.27 Billion -7.52%
2009-12-31 ฿3.54 Billion -5.84%
2008-12-31 ฿3.76 Billion +0.21%
2007-12-31 ฿3.75 Billion +29.04%
2006-12-31 ฿2.91 Billion -27.16%
2005-12-31 ฿3.99 Billion -0.21%
2004-12-31 ฿4.00 Billion +2.79%
2003-12-31 ฿3.89 Billion +11.44%
2002-12-31 ฿3.49 Billion +6.98%
2001-12-31 ฿3.26 Billion --

Equity Component Analysis

This analysis shows how different components contribute to The Erawan Group Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 220754603600.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings ฿149.12 Million 1.66%
Other Components ฿8.82 Billion 98.34%
Total Equity ฿8.97 Billion 100.00%

The Erawan Group Public Company Limited Competitors by Market Cap

The table below lists competitors of The Erawan Group Public Company Limited ranked by their market capitalization.

Company Market Cap
Cub Elecparts Inc
TW:2231
 		$161.28 Million
PT Tower Bersama Infrastructure TBK
PINK:PTFRF
 		$161.34 Million
Vertical Aerospace Ltd
NYSE:EVTL
 		$161.36 Million
Starrag Group Holding AG
SW:STGN
 		$161.41 Million
European Wax Center Inc
NASDAQ:EWCZ
 		$161.26 Million
Dasheng Times Cultural Investment Co Ltd
SHG:600892
 		$161.20 Million
Qinghaihuading Industrial Co Ltd
SHG:600243
 		$161.19 Million
SEACOR Marine Holdings Inc
NYSE:SMHI
 		$161.18 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in The Erawan Group Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 8,711,788,920 to 8,966,989,944, a change of 255,201,024 (2.9%).
  • Net income of 838,085,161 contributed positively to equity growth.
  • Dividend payments of 439,820,386 reduced retained earnings.
  • Other comprehensive income decreased equity by 333,790,000.
  • Other factors increased equity by 190,726,249.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ฿838.09 Million +9.35%
Dividends Paid ฿439.82 Million -4.9%
Other Comprehensive Income ฿-333.79 Million -3.72%
Other Changes ฿190.73 Million +2.13%
Total Change ฿- 2.93%

Book Value vs Market Value Analysis

This analysis compares The Erawan Group Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.38x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 2.09x to 1.38x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 ฿1.21 ฿2.54 x
2002-12-31 ฿1.21 ฿2.54 x
2003-12-31 ฿1.52 ฿2.54 x
2004-12-31 ฿1.56 ฿2.54 x
2005-12-31 ฿1.60 ฿2.54 x
2006-12-31 ฿1.04 ฿2.54 x
2007-12-31 ฿1.11 ฿2.54 x
2008-12-31 ฿1.08 ฿2.54 x
2009-12-31 ฿0.97 ฿2.54 x
2010-12-31 ฿0.90 ฿2.54 x
2011-12-31 ฿1.03 ฿2.54 x
2012-12-31 ฿1.00 ฿2.54 x
2013-12-31 ฿1.43 ฿2.54 x
2014-12-31 ฿1.18 ฿2.54 x
2015-12-31 ฿1.21 ฿2.54 x
2016-12-31 ฿1.26 ฿2.54 x
2017-12-31 ฿1.34 ฿2.54 x
2018-12-31 ฿1.41 ฿2.54 x
2019-12-31 ฿1.47 ฿2.54 x
2020-12-31 ฿0.97 ฿2.54 x
2021-12-31 ฿1.65 ฿2.54 x
2022-12-31 ฿1.26 ฿2.54 x
2023-12-31 ฿1.35 ฿2.54 x
2024-12-31 ฿1.85 ฿2.54 x
2025-12-31 ฿1.83 ฿2.54 x

Capital Efficiency Dashboard

This dashboard shows how efficiently The Erawan Group Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 9.35%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.60%
  • • Asset Turnover: 0.30x
  • • Equity Multiplier: 2.95x
  • Recent ROE (9.35%) is above the historical average (2.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 -10.33% -9.80% 0.28x 3.73x ฿-556.45 Million
2002 2.47% 2.19% 0.36x 3.13x ฿-206.22 Million
2003 9.19% 12.17% 0.32x 2.39x ฿-27.70 Million
2004 9.61% 13.35% 0.30x 2.41x ฿-13.79 Million
2005 7.13% 8.89% 0.30x 2.64x ฿-103.74 Million
2006 14.65% 12.11% 0.39x 3.12x ฿130.09 Million
2007 11.01% 11.85% 0.33x 2.81x ฿36.98 Million
2008 3.71% 4.09% 0.27x 3.36x ฿-236.26 Million
2009 -6.73% -7.19% 0.24x 3.90x ฿-570.05 Million
2010 -8.78% -8.17% 0.26x 4.14x ฿-588.11 Million
2011 13.69% 13.08% 0.31x 3.41x ฿132.46 Million
2012 3.02% 2.46% 0.34x 3.66x ฿-245.25 Million
2013 18.60% 19.92% 0.34x 2.72x ฿433.23 Million
2014 -2.45% -2.60% 0.30x 3.19x ฿-566.99 Million
2015 4.21% 3.77% 0.35x 3.15x ฿-272.39 Million
2016 7.46% 6.52% 0.38x 3.03x ฿-124.90 Million
2017 9.66% 8.43% 0.37x 3.06x ฿-18.03 Million
2018 9.68% 8.57% 0.37x 3.06x ฿-18.01 Million
2019 7.73% 6.98% 0.36x 3.10x ฿-130.65 Million
2020 -46.65% -77.13% 0.11x 5.56x ฿-2.16 Billion
2021 -35.85% -145.10% 0.07x 3.73x ฿-2.76 Billion
2022 -3.74% -4.60% 0.21x 3.81x ฿-782.91 Million
2023 11.73% 10.63% 0.30x 3.74x ฿109.70 Million
2024 14.70% 16.27% 0.30x 3.01x ฿409.56 Million
2025 9.35% 10.60% 0.30x 2.95x ฿-58.61 Million

Industry Comparison

This section compares The Erawan Group Public Company Limited's net assets metrics with peer companies in the Lodging industry.

Industry Context

  • Industry: Lodging
  • Average net assets among peers: $20,909,921,470
  • Average return on equity (ROE) among peers: 0.42%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
The Erawan Group Public Company Limited (ERW) ฿9.79 Billion -10.33% 1.70x $161.27 Million
Asia Hotel Public Company Limited (ASIA) $6.07 Billion -3.47% 0.73x $14.59 Million
Asset World Corp Public Company Limited (AWC) $79.21 Billion 1.09% 0.75x $453.74 Million
ASSET WORLD CORP PCL-NVDR (AWC-R) $79.21 Billion 1.09% 0.75x $523.94 Million
Bound and Beyond PCL (BEYOND) $3.87 Billion -14.77% 0.58x $34.99 Million
Dusit Thani Public Company Limited (DUSIT) $4.82 Billion 1.87% 0.79x $79.16 Million
Grande Asset Hotels and Property Public Company Limited (GRAND) $2.29 Billion -6.80% 2.41x $2.69 Million
Laguna Resorts & Hotels Public Company Limited (LRH) $11.40 Billion 0.98% 0.58x $16.35 Million
Mandarin Hotel Public Company Limited (MANRIN) $390.22 Million -12.52% 1.14x $3.09 Million
OHTL Public Company Limited (OHTL) $933.68 Million 36.27% 0.87x $19.48 Million