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Thai (SET) General Merchandise and Department Stores Industry Analysis

UpdatedMay 24, 2026
DataAggregated Company Financials
Companies3
  • 7D1.0%
  • 3M-6.0%
  • 1Y8.4%
  • YTD13.3%

The General Merchandise and Department Stores industry is up 2.7% in the last week, with Central Retail Corporation up 2.7%. In the same time, TVD Holdings was down 17%. In contrast, the industry has lost 11% in the last 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

Has the Thai General Merchandise and Department Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 May 2026฿123.0b฿248.3b฿7.1b9.5x17.4x0.5x
Tue, 21 Apr 2026฿118.8b฿247.5b฿6.7b11.3x17.8x0.5x
Thu, 19 Mar 2026฿115.1b฿247.5b฿6.7b11.5x17.2x0.5x
Sat, 14 Feb 2026฿132.6b฿264.9b฿6.8b19x19.5x0.5x
Mon, 12 Jan 2026฿105.5b฿264.9b฿6.8b15.1x15.5x0.4x
Wed, 10 Dec 2025฿113.5b฿264.9b฿6.8b16.2x16.7x0.4x
Fri, 07 Nov 2025฿126.1b฿265.6b฿7.7b16.1x16.4x0.5x
Sun, 05 Oct 2025฿127.3b฿265.6b฿7.7b16.3x16.6x0.5x
Tue, 02 Sep 2025฿137.6b฿265.6b฿7.7b17.6x17.9x0.5x
Thu, 31 Jul 2025฿132.2b฿266.2b฿8.2b10.8x16.1x0.5x
Sat, 28 Jun 2025฿106.7b฿266.2b฿8.2b8.6x13x0.4x
Mon, 26 May 2025฿113.5b฿266.2b฿8.2b11.5x13.8x0.4x
Wed, 23 Apr 2025฿142.5b฿264.2b฿8.1b14.3x17.6x0.5x
Fri, 21 Mar 2025฿165.2b฿264.2b฿8.1b16.8x20.5x0.6x
Sun, 16 Feb 2025฿209.0b฿260.9b฿8.9b22.9x23.6x0.8x
Tue, 14 Jan 2025฿204.5b฿260.9b฿8.9b22.4x23.1x0.8x
Thu, 12 Dec 2024฿207.7b฿260.9b฿8.9b22.7x23.4x0.8x
Sat, 09 Nov 2024฿189.8b฿257.4b฿7.7b23.2x24.6x0.7x
Mon, 07 Oct 2024฿194.6b฿257.4b฿7.7b23.8x25.2x0.8x
Wed, 04 Sep 2024฿180.9b฿257.4b฿7.7b22.1x23.4x0.7x
Fri, 02 Aug 2024฿188.7b฿254.4b฿7.4b23.3x25.5x0.7x
Sun, 30 Jun 2024฿186.9b฿254.4b฿7.4b23.1x25.3x0.7x
Tue, 28 May 2024฿196.4b฿254.4b฿7.4b24.3x26.6x0.8x
Thu, 25 Apr 2024฿205.5b฿250.7b฿7.4b25.4x27.9x0.8x
Sat, 23 Mar 2024฿222.1b฿250.7b฿7.4b27.5x30.2x0.9x
Mon, 19 Feb 2024฿208.7b฿249.8b฿7.7b25.2x27.3x0.8x
Wed, 17 Jan 2024฿233.0b฿249.8b฿7.7b28.2x30.4x0.9x
Fri, 15 Dec 2023฿233.0b฿249.8b฿7.7b28.2x30.4x0.9x
Sun, 12 Nov 2023฿233.0b฿248.3b฿7.8b28.1x30x0.9x
Tue, 10 Oct 2023฿233.0b฿248.3b฿7.8b28.1x30x0.9x
Thu, 07 Sep 2023฿249.7b฿248.3b฿7.8b30.1x32.2x1x
Sat, 05 Aug 2023฿240.8b฿245.2b฿7.8b29.3x30.9x1x
Mon, 03 Jul 2023฿237.5b฿245.2b฿7.8b28.9x30.4x1x
Wed, 31 May 2023฿254.3b฿245.2b฿7.8b30.9x32.6x1x
Price to Earnings Ratio

32.6x


Total Market Cap: ฿254.3bTotal Earnings: ฿7.8bTotal Revenue: ฿245.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai General Merchandise and Department Stores Industry Price to Earnings3Y Average 23.2x202420252026
Current Industry PE
    There are only 3 companies in the Thai Multiline Retail industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • Both revenue and earnings for companies in the Multiline Retail industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

TH Market1.38%
Consumer Discretionary1.78%
General Merchandise and Department Stores1.00%
Broadline Retail1.00%
Department Stores0%0
Industry PE
  • Investors are most optimistic about the Broadline Retail industry even though it's trading below its 3-year average PE ratio of 23.4x.
    • Analysts are expecting annual earnings growth of 10.1%, which is higher than its past year's earnings decline of 12.7% per year.
  • Investors are most pessimistic about the Broadline Retail industry, which is trading below its 3-year average of 23.4x.
Forecasted Growth
  • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Broadline Retail industry is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CRC Central Retail Corporation฿20.301.0%
+฿1.2b
8.6%PE17.3x
FN FN Factory Outlet฿0.502.0%
+฿10.0m
4.2%PS0.9x

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