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Thai (SET) Consumer Discretionary Sector Analysis

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies122
  • 7D0.5%
  • 3M-13.1%
  • 1Y-27.3%
  • YTD-23.7%

The Consumer Discretionary is pretty flat in the last 7 days, but Minor International has stood out, gaining 6.2%. Unfortunately though, the industry is down 28% over the past 12 months. Looking forward, earnings are forecast to grow by 9.8% annually.

Sector Valuation and Performance

Has the Thai Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025฿1.1t฿2.2t฿69.5b13.1x15.6x0.5x
Thu, 13 Nov 2025฿1.1t฿2.2t฿68.3b12.6x15.8x0.5x
Sat, 11 Oct 2025฿1.1t฿2.2t฿62.6b15x17.7x0.5x
Mon, 08 Sep 2025฿1.1t฿2.2t฿62.5b15.1x18.4x0.5x
Wed, 06 Aug 2025฿1.1t฿2.2t฿68.6b12.2x15.7x0.5x
Fri, 04 Jul 2025฿996.2b฿2.2t฿68.9b11.8x14.5x0.4x
Sun, 01 Jun 2025฿1.0t฿2.2t฿69.1b11.3x14.8x0.5x
Tue, 29 Apr 2025฿1.1t฿2.2t฿66.9b12.7x17x0.5x
Thu, 27 Mar 2025฿1.1t฿2.2t฿67.0b14.1x17x0.5x
Sat, 22 Feb 2025฿1.3t฿2.2t฿66.5b15.3x19.4x0.6x
Mon, 20 Jan 2025฿1.3t฿2.2t฿59.5b14.9x21.7x0.6x
Wed, 18 Dec 2024฿1.4t฿2.2t฿59.5b17x23.5x0.6x
Fri, 15 Nov 2024฿1.4t฿2.2t฿60.7b17.7x23.5x0.7x
Sun, 13 Oct 2024฿1.5t฿2.2t฿68.3b17.7x22.5x0.7x
Tue, 10 Sep 2024฿1.5t฿2.2t฿68.2b17.8x22.4x0.7x
Thu, 08 Aug 2024฿1.3t฿2.2t฿63.7b16.3x21x0.6x
Sat, 06 Jul 2024฿1.5t฿2.1t฿63.8b19.3x23.2x0.7x
Mon, 03 Jun 2024฿1.5t฿2.1t฿63.8b20.1x24.1x0.7x
Wed, 01 May 2024฿1.6t฿2.1t฿59.8b20.2x27.1x0.8x
Fri, 29 Mar 2024฿1.6t฿2.1t฿60.0b21.1x27.2x0.8x
Sun, 25 Feb 2024฿1.6t฿2.1t฿61.4b20.4x26.7x0.8x
Tue, 23 Jan 2024฿1.6t฿2.2t฿62.9b21.4x25.2x0.7x
Thu, 21 Dec 2023฿1.7t฿2.2t฿62.9b20.9x26.4x0.8x
Sat, 18 Nov 2023฿1.7t฿2.2t฿62.9b22.3x26.5x0.8x
Mon, 16 Oct 2023฿1.7t฿2.2t฿63.3b23.1x26.7x0.8x
Wed, 13 Sep 2023฿1.8t฿2.2t฿63.2b25x28.7x0.8x
Fri, 11 Aug 2023฿1.8t฿2.2t฿68.1b21.6x26x0.8x
Sun, 09 Jul 2023฿1.8t฿2.2t฿67.6b22.4x26.3x0.8x
Tue, 06 Jun 2023฿1.9t฿10.9t฿227.0b23.9x8.2x0.2x
Thu, 04 May 2023฿1.9t฿2.1t฿62.9b23.6x30.4x0.9x
Sat, 01 Apr 2023฿1.9t฿2.1t฿62.2b24.6x31.3x0.9x
Mon, 27 Feb 2023฿2.0t฿2.0t฿59.3b24.5x33.6x1x
Wed, 25 Jan 2023฿2.0t฿2.0t฿58.9b23.7x33.6x1x
Fri, 23 Dec 2022฿1.9t฿2.0t฿59.0b22.5x32.9x1x
Price to Earnings Ratio

32.9x


Total Market Cap: ฿1.9tTotal Earnings: ฿59.0bTotal Revenue: ฿2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Consumer Discretionary Sector Price to Earnings3Y Average 23.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Thai Consumer Discretionary industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.5x which is lower than its 3-year average PE of 23.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 5.6% per year over the last three years.
  • Revenues for these companies have grown 3.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Thai Consumer Discretionary sector?

TH Market0.93%
Consumer Discretionary0.53%
General Merchandise and Department Stores2.09%
Hospitality1.68%
Consumer Services1.53%
Auto Components1.32%
Luxury0.71%
Consumer Durables0.13%
Online Retail and Ecommerce0%0
Retail Distributors-0.016%
Specialty Stores-0.76%
Industry PE
  • Investors are most optimistic about the Luxury industry which is trading above its 3-year average PE ratio of 23.0x.
    • Analysts are expecting annual earnings growth of 8.8%, which is higher than its past year's earnings decline of 26.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Auto Components industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 10.0% per year.
  • In contrast, the General Merchandise and Department Stores industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AWC Asset World Corp฿2.105.0%
+฿3.2b		-41.3%PE10.5x
CRC Central Retail Corporation฿19.302.1%
+฿2.4b		-42.8%PE16.7x
CENTEL Central Plaza Hotel฿31.004.2%
+฿1.7b		-11.4%PE24.8x
HMPRO Home Product Center฿6.401.6%
+฿1.3b		-33.7%PE13.5x
STA Sri Trang Agro-Industry฿12.204.3%
+฿768.0m		-32.2%PS0.2x

Latest News

MINT
฿23.90
Minor International
7D
-0.4%
1Y
-12.3%

MINT: Share Repurchases Will Support Future Earnings Despite Revenue Contraction

Analysts have nudged their price target for Minor International modestly higher to reflect a slightly reduced discount rate and a marginally lower future earnings multiple, with updated estimates now implying a fair value of $34.50 per share. What's in the News Board meeting scheduled for December 11, 2025, to approve a share repurchase project aimed at financial management efficiency (Key Developments) Board meeting on November 28, 2025, to consider approval of a share repurchase project for financial management purposes (Key Developments) Board of Directors authorized a share buyback plan on November 28, 2025, formalizing the company’s intention to repurchase its own shares (Key Developments) New share repurchase program announced for up to 23,000,000 shares, or 0.41% of capital, totaling THB 500 million, with a price cap of 115% of the five day average and program validity through June 2, 2026 (Key Developments) Upcoming analyst and investor day to review business strategy, key operating metrics, outlook, and Q3 2025 financial results (Key Developments) Valuation Changes Fair Value: Unchanged at THB 34.50 per share, indicating no revision to the core valuation outcome.
ERW
฿2.36
Erawan Group
7D
3.5%
1Y
-39.8%

ERW: Long-Term Asoke Land Lease Will Support Margin Expansion

Analysts have nudged their price target on Erawan Group slightly higher to reflect a modest increase in fair value, supported by expectations of stronger profit margins and a marginally lower discount rate, despite tempering revenue growth and future P/E assumptions. What's in the News The board approved entry into a long-term land lease agreement with Akkara Sarapa Company Limited for a 20-41.8 rai plot near BTS Asoke Station in Bangkok, positioning the group for a new hospitality or mixed-use project in a prime transit location (Board Meeting filing).
MRDIYT
฿8.65
MR. D.I.Y. Holding (Thailand)
7D
-7.0%
1Y
n/a
CRC
฿19.30
Central Retail Corporation
7D
2.1%
1Y
-42.8%
MTW
฿0.72
Make To Win Holding
7D
-10.0%
1Y
-39.5%
CENTEL
฿31.00
Central Plaza Hotel
7D
4.2%
1Y
-11.4%
MODERN
฿2.12
Modernform Group
7D
-4.5%
1Y
-13.8%
MOSHI
฿32.75
Moshi Moshi Retail Corporation
7D
-1.5%
1Y
-28.8%
AURA
฿14.20
Aurora Design
7D
-0.7%
1Y
-2.7%
AJA
฿0.19
AJ Advance Technology
7D
-5.0%
1Y
26.7%
COM7
฿20.80
Com7
7D
0.5%
1Y
-25.0%
AWC
฿2.10
Asset World Corp
7D
5.0%
1Y
-41.3%
DUSIT
฿11.40
Dusit Thani
7D
2.7%
1Y
5.6%
STA
฿12.20
Sri Trang Agro-Industry
7D
4.3%
1Y
-32.2%
GLOBAL
฿6.30
Siam Global House
7D
-3.8%
1Y
-58.3%
HMPRO
฿6.40
Home Product Center
7D
1.6%
1Y
-33.7%