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Thai (SET) Hospitality Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies22
- 7D2.0%
- 3M-11.6%
- 1Y-3.9%
- YTD-6.7%
Over the last 7 days, the Hospitality industry has risen 2.0%, driven by gains from Minor International of 2.4%. In the same time, OHTL was down 6.4%. In the past year, the industry is down 3.9%. Looking forward, earnings are forecast to grow by 10% 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 |
|---|---|---|---|---|---|---|
| Sun, 10 May 2026 | ฿306.4b | ฿278.9b | ฿13.9b | 17x | 22.1x | 1.1x |
| Tue, 07 Apr 2026 | ฿314.0b | ฿279.0b | ฿14.5b | 16.8x | 21.7x | 1.1x |
| Thu, 05 Mar 2026 | ฿307.4b | ฿279.1b | ฿14.8b | 17.6x | 20.8x | 1.1x |
| Sat, 31 Jan 2026 | ฿324.7b | ฿278.7b | ฿17.3b | 16.3x | 18.8x | 1.2x |
| Mon, 29 Dec 2025 | ฿327.6b | ฿278.7b | ฿17.3b | 17.3x | 18.9x | 1.2x |
| Wed, 26 Nov 2025 | ฿301.3b | ฿278.7b | ฿17.3b | 17.3x | 17.4x | 1.1x |
| Fri, 24 Oct 2025 | ฿336.0b | ฿279.0b | ฿15.4b | 22.2x | 21.9x | 1.2x |
| Sun, 21 Sep 2025 | ฿354.9b | ฿279.0b | ฿15.4b | 21.9x | 23.1x | 1.3x |
| Tue, 19 Aug 2025 | ฿336.9b | ฿287.2b | ฿16.9b | 18x | 19.9x | 1.2x |
| Thu, 17 Jul 2025 | ฿323.6b | ฿289.4b | ฿17.4b | 18.8x | 18.6x | 1.1x |
| Sat, 14 Jun 2025 | ฿295.9b | ฿289.4b | ฿17.4b | 18.1x | 17x | 1x |
| Mon, 12 May 2025 | ฿317.2b | ฿288.9b | ฿18.3b | 17.3x | 17.3x | 1.1x |
| Wed, 09 Apr 2025 | ฿322.0b | ฿288.4b | ฿17.9b | 18.2x | 18x | 1.1x |
| Fri, 07 Mar 2025 | ฿397.1b | ฿288.4b | ฿17.9b | 20.2x | 22.2x | 1.4x |
| Sun, 02 Feb 2025 | ฿370.0b | ฿281.0b | ฿13.4b | 25.2x | 27.7x | 1.3x |
| Tue, 31 Dec 2024 | ฿415.4b | ฿281.0b | ฿13.4b | 27.9x | 31.1x | 1.5x |
| Thu, 28 Nov 2024 | ฿424.2b | ฿281.0b | ฿13.4b | 27.6x | 31.8x | 1.5x |
| Sat, 26 Oct 2024 | ฿431.0b | ฿278.8b | ฿15.4b | 24.1x | 27.9x | 1.5x |
| Mon, 23 Sep 2024 | ฿456.8b | ฿278.8b | ฿15.4b | 24.4x | 29.6x | 1.6x |
| Wed, 21 Aug 2024 | ฿404.1b | ฿278.8b | ฿15.4b | 19.4x | 26.2x | 1.4x |
| Fri, 19 Jul 2024 | ฿468.1b | ฿273.3b | ฿15.8b | 23x | 29.6x | 1.7x |
| Sun, 16 Jun 2024 | ฿444.9b | ฿272.2b | ฿15.7b | 20.9x | 28.3x | 1.6x |
| Tue, 14 May 2024 | ฿508.4b | ฿264.9b | ฿12.8b | 23.8x | 39.8x | 1.9x |
| Thu, 11 Apr 2024 | ฿519.6b | ฿264.0b | ฿12.5b | 25.4x | 41.6x | 2x |
| Sat, 09 Mar 2024 | ฿490.7b | ฿264.1b | ฿12.5b | 25.2x | 39.3x | 1.9x |
| Mon, 05 Feb 2024 | ฿506.3b | ฿268.7b | ฿15.4b | 25.6x | 32.8x | 1.9x |
| Wed, 03 Jan 2024 | ฿493.2b | ฿268.7b | ฿15.4b | 24.8x | 32x | 1.8x |
| Fri, 01 Dec 2023 | ฿477.4b | ฿268.6b | ฿15.5b | 24.5x | 30.9x | 1.8x |
| Sun, 29 Oct 2023 | ฿481.9b | ฿260.1b | ฿17.9b | 26.3x | 27x | 1.9x |
| Tue, 26 Sep 2023 | ฿531.1b | ฿260.1b | ฿17.9b | 28.9x | 29.7x | 2x |
| Thu, 24 Aug 2023 | ฿541.7b | ฿260.1b | ฿17.9b | 29.7x | 30.3x | 2.1x |
| Sat, 22 Jul 2023 | ฿537.7b | ฿246.9b | ฿14.3b | 31.3x | 37.6x | 2.2x |
| Mon, 19 Jun 2023 | ฿583.7b | ฿246.9b | ฿14.3b | 35.7x | 40.9x | 2.4x |
| Wed, 17 May 2023 | ฿591.3b | ฿237.8b | ฿11.4b | 43.8x | 51.8x | 2.5x |
Price to Earnings Ratio
51.8x
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 22.1x which is lower than its 3-year average PE of 27.5x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have grown 6.5% per year over the last three years.
- Revenues for these companies have grown 5.5% 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 industry?
| TH Market | 0.46% | |
| Consumer Discretionary | 1.07% | |
| Hospitality | 2.04% | |
| Hotels, Resorts and Cruise Lines | 2.66% | |
| Restaurants | 0.24% | |
| Leisure Facilities | -3.55% | |
Industry PE
- Investors are most optimistic about the Restaurants industry which is trading above its 3-year average PE ratio of 26.7x.
- Analysts are expecting annual earnings growth of 10.3%, which is higher than its past year's earnings decline of 25.2% per year.
- Investors are most pessimistic about the Hotels, Resorts and Cruise Lines industry, which is trading below its 3-year average of 28.3x.
Forecasted Growth
- Analysts are most optimistic on the Restaurants industry, expecting annual earnings growth of 10% over the next 5 years.
- This is better than its past earnings decline of 25% per year.
- In contrast, the Hotels, Resorts and Cruise Lines 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MINT Minor International | ฿21.20 | 2.4% +฿2.8b | -13.1% | PE16.3x | |
| ERW Erawan Group | ฿2.80 | 18.6% +฿2.2b | 23.9% | PE16.3x | |
| AWC Asset World Corp | ฿2.14 | 1.9% +฿1.3b | 5.9% | PE10.7x | |
| M MK Restaurant Group | ฿19.30 | 1.6% +฿271.1m | 9.0% | PE20.8x | |
| XBIO X Bioscience | ฿0.08 | 14.3% +฿121.5m | -88.6% | PS7.5x |