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Thai (SET) Luxury Industry Analysis
UpdatedMar 01, 2026
DataAggregated Company Financials
Companies19
- 7D-1.6%
- 3M5.9%
- 1Y-9.3%
- YTD2.1%
Over the last 7 days, the Luxury industry has dropped 1.6%, driven by MC Group declining 3.3%. On the other hand TPCS is actually up 7.1%. Overall the industry is down 9.3% in 12 months. Looking forward, earnings are forecast to grow by 8.5% annually.
Industry Valuation and Performance
Has the Thai Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 01 Mar 2026 | ฿28.6b | ฿37.7b | ฿736.0m | 14.3x | 38.9x | 0.8x |
| Tue, 27 Jan 2026 | ฿28.0b | ฿37.9b | ฿754.2m | 14.6x | 37.2x | 0.7x |
| Thu, 25 Dec 2025 | ฿28.1b | ฿37.9b | ฿754.2m | 14.7x | 37.2x | 0.7x |
| Sat, 22 Nov 2025 | ฿27.5b | ฿37.9b | ฿758.7m | 14.8x | 36.2x | 0.7x |
| Mon, 20 Oct 2025 | ฿28.5b | ฿39.2b | ฿997.0m | 14.2x | 28.6x | 0.7x |
| Wed, 17 Sep 2025 | ฿38.4b | ฿40.2b | ฿1.3b | 15.7x | 28.9x | 1x |
| Fri, 15 Aug 2025 | ฿37.2b | ฿41.2b | ฿1.7b | 10.9x | 21.4x | 0.9x |
| Sun, 13 Jul 2025 | ฿35.5b | ฿41.4b | ฿1.9b | 10.2x | 19x | 0.9x |
| Tue, 10 Jun 2025 | ฿36.3b | ฿41.4b | ฿1.9b | 10.3x | 19.4x | 0.9x |
| Thu, 08 May 2025 | ฿38.7b | ฿42.2b | ฿2.0b | 17.8x | 18.9x | 0.9x |
| Sat, 05 Apr 2025 | ฿38.5b | ฿42.2b | ฿2.0b | 18x | 18.8x | 0.9x |
| Mon, 03 Mar 2025 | ฿41.3b | ฿42.3b | ฿2.1b | 24.4x | 20x | 1x |
| Wed, 29 Jan 2025 | ฿42.4b | ฿44.2b | ฿2.1b | 13.7x | 20.2x | 1x |
| Fri, 27 Dec 2024 | ฿44.4b | ฿44.2b | ฿2.1b | 15.1x | 21.1x | 1x |
| Sun, 24 Nov 2024 | ฿45.3b | ฿44.2b | ฿2.1b | 15.9x | 21.6x | 1x |
| Tue, 22 Oct 2024 | ฿48.3b | ฿44.0b | ฿2.4b | 14.9x | 20.1x | 1.1x |
| Thu, 19 Sep 2024 | ฿48.8b | ฿44.0b | ฿2.4b | 15.6x | 20.3x | 1.1x |
| Sat, 17 Aug 2024 | ฿43.4b | ฿44.0b | ฿2.4b | 14.5x | 18.4x | 1x |
| Mon, 15 Jul 2024 | ฿46.6b | ฿43.6b | ฿2.2b | 19.2x | 21.4x | 1.1x |
| Wed, 12 Jun 2024 | ฿48.4b | ฿43.6b | ฿2.2b | 20.3x | 22.2x | 1.1x |
| Fri, 10 May 2024 | ฿49.9b | ฿43.5b | ฿2.0b | 20.7x | 25.5x | 1.1x |
| Sun, 07 Apr 2024 | ฿52.2b | ฿43.5b | ฿2.0b | 20.8x | 26.6x | 1.2x |
| Tue, 05 Mar 2024 | ฿52.2b | ฿43.5b | ฿2.0b | 20.9x | 26.7x | 1.2x |
| Thu, 01 Feb 2024 | ฿52.3b | ฿43.4b | ฿2.1b | 21.7x | 25.5x | 1.2x |
| Sat, 30 Dec 2023 | ฿52.6b | ฿43.4b | ฿2.1b | 23.3x | 25.6x | 1.2x |
| Mon, 27 Nov 2023 | ฿51.3b | ฿43.4b | ฿2.1b | 23.8x | 25x | 1.2x |
| Wed, 25 Oct 2023 | ฿53.2b | ฿44.0b | ฿2.2b | 26.8x | 24.1x | 1.2x |
| Fri, 22 Sep 2023 | ฿57.2b | ฿44.0b | ฿2.2b | 26.5x | 26x | 1.3x |
| Sun, 20 Aug 2023 | ฿56.6b | ฿44.0b | ฿2.2b | 28x | 25.4x | 1.3x |
| Tue, 18 Jul 2023 | ฿57.3b | ฿44.2b | ฿2.4b | 20.8x | 23.5x | 1.3x |
| Thu, 15 Jun 2023 | ฿59.9b | ฿44.2b | ฿2.4b | 23.6x | 24.5x | 1.4x |
| Sat, 13 May 2023 | ฿55.6b | ฿43.4b | ฿2.6b | 18.8x | 21.1x | 1.3x |
| Mon, 10 Apr 2023 | ฿54.3b | ฿43.5b | ฿2.6b | 18.2x | 20.6x | 1.2x |
| Wed, 08 Mar 2023 | ฿54.8b | ฿42.1b | ฿2.6b | 22.1x | 20.8x | 1.3x |
Price to Earnings Ratio
20.8x
Current Industry PE
- Investors are optimistic on the Thai Luxury industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 38.9x which is higher than its 3-year average PE of 24.2x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.76x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have declined 35% per year over the last three years,
- Revenues have also declined 3.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Consumer Discretionary industry?
| TH Market | 3.27% | |
| Consumer Discretionary | -1.09% | |
| Luxury | -1.56% | |
| Textiles | -0.98% | |
| Apparel, Accessories and Luxury Goods | -1.57% | |
| Footwear | -4.07% | |
Industry PE
- Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry which is trading above its 3-year average PE ratio of 21.2x.
- Analysts are expecting annual earnings growth of 8.5%, which is higher than its past year's earnings decline of 9.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Apparel, Accessories and Luxury Goods industry, expecting annual earnings growth of 8.5% over the next 5 years.
- This is better than its past earnings decline of 9.3% per year.
- In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 8.5% 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 | |
|---|---|---|---|---|---|
| TPCS TPCS | ฿10.50 | 7.1% +฿75.6m | -16.0% | PE16.3x | |
| WACOAL Thai Wacoal | ฿17.10 | 1.8% +฿36.0m | -31.3% | PS0.7x | |
| NPK New Plus Knitting | ฿15.40 | 19.4% +฿25.0m | 37.5% | PE6.4x | |
| PG People's Garment | ฿6.40 | 3.2% +฿19.2m | -18.5% | PS1x | |
| CPH Castle Peak Holdings | ฿9.65 | 4.3% +฿16.0m | 17.7% | PE8.9x |