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Thai (SET) Hospitality Industry Analysis
UpdatedSep 26, 2025
DataAggregated Company Financials
Companies22
- 7D-1.5%
- 3M23.1%
- 1Y-21.2%
- YTD-13.4%
Over the last 7 days, the Hospitality industry has dropped 1.5%, driven by a pullback from Asset World Corp of 4.9%. In contrast, MK Restaurant Group has gained 10%. However, the industry is down 21% over the past year. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Thai Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Sep 2025 | ฿351.8b | ฿279.0b | ฿15.4b | 21.9x | 22.9x | 1.3x |
| Sun, 24 Aug 2025 | ฿343.0b | ฿287.2b | ฿16.9b | 18.6x | 20.3x | 1.2x |
| Tue, 22 Jul 2025 | ฿323.3b | ฿289.4b | ฿17.4b | 19.9x | 18.6x | 1.1x |
| Thu, 19 Jun 2025 | ฿291.6b | ฿289.4b | ฿17.4b | 17.9x | 16.7x | 1x |
| Sat, 17 May 2025 | ฿312.9b | ฿291.6b | ฿17.6b | 19.5x | 17.8x | 1.1x |
| Mon, 14 Apr 2025 | ฿334.8b | ฿288.4b | ฿17.9b | 18.1x | 18.7x | 1.2x |
| Wed, 12 Mar 2025 | ฿393.7b | ฿288.4b | ฿17.9b | 20.7x | 22x | 1.4x |
| Fri, 07 Feb 2025 | ฿360.2b | ฿281.0b | ฿13.4b | 23.7x | 27x | 1.3x |
| Sun, 05 Jan 2025 | ฿410.3b | ฿281.0b | ฿13.4b | 27.9x | 30.7x | 1.5x |
| Tue, 03 Dec 2024 | ฿430.0b | ฿281.0b | ฿13.4b | 27.4x | 32.2x | 1.5x |
| Thu, 31 Oct 2024 | ฿426.4b | ฿278.8b | ฿15.4b | 24.1x | 27.6x | 1.5x |
| Sat, 28 Sep 2024 | ฿456.2b | ฿278.8b | ฿15.4b | 24.1x | 29.6x | 1.6x |
| Mon, 26 Aug 2024 | ฿412.0b | ฿278.8b | ฿15.4b | 20x | 26.7x | 1.5x |
| Wed, 24 Jul 2024 | ฿454.1b | ฿273.3b | ฿15.8b | 21.9x | 28.7x | 1.7x |
| Fri, 21 Jun 2024 | ฿451.9b | ฿273.3b | ฿15.8b | 21.9x | 28.6x | 1.7x |
| Sun, 19 May 2024 | ฿494.1b | ฿271.4b | ฿15.6b | 23.3x | 31.8x | 1.8x |
| Tue, 16 Apr 2024 | ฿515.5b | ฿264.0b | ฿12.5b | 25.2x | 41.3x | 2x |
| Thu, 14 Mar 2024 | ฿489.7b | ฿264.0b | ฿12.5b | 25x | 39.2x | 1.9x |
| Sat, 10 Feb 2024 | ฿482.6b | ฿262.6b | ฿15.0b | 26.4x | 32.1x | 1.8x |
| Mon, 08 Jan 2024 | ฿509.3b | ฿268.7b | ฿15.4b | 25.4x | 33x | 1.9x |
| Wed, 06 Dec 2023 | ฿471.9b | ฿268.6b | ฿15.5b | 24.4x | 30.5x | 1.8x |
| Fri, 03 Nov 2023 | ฿483.9b | ฿260.1b | ฿17.9b | 25.9x | 27.1x | 1.9x |
| Sun, 01 Oct 2023 | ฿524.7b | ฿260.1b | ฿17.9b | 28.6x | 29.4x | 2x |
| Tue, 29 Aug 2023 | ฿549.6b | ฿260.1b | ฿17.9b | 29.3x | 30.7x | 2.1x |
| Thu, 27 Jul 2023 | ฿540.8b | ฿246.9b | ฿14.3b | 31.7x | 37.9x | 2.2x |
| Sat, 24 Jun 2023 | ฿571.3b | ฿246.9b | ฿14.3b | 33.5x | 40x | 2.3x |
| Mon, 22 May 2023 | ฿579.8b | ฿246.7b | ฿14.3b | 34.8x | 40.6x | 2.4x |
| Wed, 19 Apr 2023 | ฿594.6b | ฿224.4b | ฿8.1b | 68.6x | 73.6x | 2.6x |
| Fri, 17 Mar 2023 | ฿590.6b | ฿223.7b | ฿7.9b | 59.2x | 74.7x | 2.6x |
| Sun, 12 Feb 2023 | ฿627.1b | ฿201.3b | ฿1.4b | 38.7x | 463.6x | 3.1x |
| Tue, 10 Jan 2023 | ฿631.5b | ฿201.3b | ฿1.4b | 37.7x | 466.8x | 3.1x |
| Thu, 08 Dec 2022 | ฿595.5b | ฿201.3b | ฿1.4b | 37.8x | 440.2x | 3x |
| Sat, 05 Nov 2022 | ฿585.2b | ฿173.5b | -฿7,077,477,973.00 | 39.2x | -82.7x | 3.4x |
| Mon, 03 Oct 2022 | ฿562.0b | ฿173.4b | -฿7,086,612,973.00 | 49.3x | -79.3x | 3.2x |
Price to Earnings Ratio
-79.3x
Current Industry PE
- Investors are pessimistic on the Thai Hospitality 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 22.9x which is lower than its 3-year average PE of 79.6x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 17% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Consumer Discretionary industry?
| TH Market | -0.70% | |
| Consumer Discretionary | -1.28% | |
| Hospitality | -1.53% | |
| Restaurants | 1.46% | |
| Leisure Facilities | 0% | 0 |
| Hotels, Resorts and Cruise Lines | -2.56% | |
Industry PE
- Investors are most optimistic about the Restaurants industry which is trading above its 3-year average PE ratio of 27.1x.
- Analysts are expecting annual earnings growth of 13.4%, which is higher than its past year's earnings decline of 4.0% per year.
- Investors are most pessimistic about the Hotels, Resorts and Cruise Lines industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.63x.
Forecasted Growth
- Analysts are most optimistic on the Hotels, Resorts and Cruise Lines industry, expecting annual earnings growth of 19% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Restaurants industry is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| M MK Restaurant Group | ฿34.25 | 7.0% +฿2.0b | 13.2% | PE25.7x | |
| CENTEL Central Plaza Hotel | ฿33.00 | 1.5% +฿675.0m | -17.5% | PE26.4x | |
| MAGURO Maguro Group | ฿23.70 | 1.7% +฿50.4m | 37.0% | PE23.3x | |
| CSR City Sports and Recreation | ฿74.50 | 2.8% +฿41.0m | -6.3% | PE26.9x | |
| VRANDA Veranda Resort | ฿4.50 | 1.8% +฿25.6m | -21.7% | PE20.9x |