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Thai (SET) Luxury Industry Analysis
UpdatedApr 21, 2026
DataAggregated Company Financials
Companies19
- 7D0.8%
- 3M-4.4%
- 1Y-11.4%
- YTD-4.8%
The Luxury is pretty flat in the last 7 days, but MC Group has stood out, gaining 3.7%. Unfortunately though, the industry is down 12% over the past 12 months. As for the next few years, earnings are expected to grow by 7.8% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 21 Apr 2026 | ฿26.7b | ฿37.0b | ฿713.0m | 12.5x | 37.4x | 0.7x |
| Thu, 19 Mar 2026 | ฿26.8b | ฿37.0b | ฿713.0m | 12.8x | 37.6x | 0.7x |
| Sat, 14 Feb 2026 | ฿28.7b | ฿37.9b | ฿767.6m | 14.2x | 37.4x | 0.8x |
| Mon, 12 Jan 2026 | ฿27.8b | ฿37.9b | ฿754.2m | 14.9x | 36.9x | 0.7x |
| Wed, 10 Dec 2025 | ฿27.4b | ฿37.9b | ฿754.2m | 14.8x | 36.3x | 0.7x |
| Fri, 07 Nov 2025 | ฿27.9b | ฿39.2b | ฿997.0m | 13.7x | 27.9x | 0.7x |
| Sun, 05 Oct 2025 | ฿38.3b | ฿40.2b | ฿1.3b | 15.3x | 28.9x | 1x |
| Tue, 02 Sep 2025 | ฿37.2b | ฿40.2b | ฿1.3b | 15.6x | 28x | 0.9x |
| Thu, 31 Jul 2025 | ฿36.4b | ฿41.4b | ฿1.9b | 10.6x | 19.5x | 0.9x |
| Sat, 28 Jun 2025 | ฿34.8b | ฿41.4b | ฿1.9b | 10x | 18.7x | 0.8x |
| Mon, 26 May 2025 | ฿37.8b | ฿41.6b | ฿1.9b | 10.6x | 19.8x | 0.9x |
| Wed, 23 Apr 2025 | ฿39.3b | ฿42.2b | ฿2.0b | 17.8x | 19.2x | 0.9x |
| Fri, 21 Mar 2025 | ฿40.5b | ฿42.2b | ฿2.0b | 19.3x | 19.8x | 1x |
| Sun, 16 Feb 2025 | ฿42.7b | ฿44.0b | ฿2.0b | 15x | 20.9x | 1x |
| Tue, 14 Jan 2025 | ฿42.6b | ฿44.2b | ฿2.1b | 14x | 20.3x | 1x |
| Thu, 12 Dec 2024 | ฿45.2b | ฿44.2b | ฿2.1b | 16x | 21.5x | 1x |
| Sat, 09 Nov 2024 | ฿46.4b | ฿44.0b | ฿2.4b | 14.1x | 19.3x | 1.1x |
| Mon, 07 Oct 2024 | ฿48.2b | ฿44.0b | ฿2.4b | 14.9x | 20x | 1.1x |
| Wed, 04 Sep 2024 | ฿46.5b | ฿44.0b | ฿2.4b | 13.8x | 19.3x | 1.1x |
| Fri, 02 Aug 2024 | ฿43.9b | ฿43.6b | ฿2.2b | 17.3x | 20.2x | 1x |
| Sun, 30 Jun 2024 | ฿47.1b | ฿43.6b | ฿2.2b | 19.9x | 21.6x | 1.1x |
| Tue, 28 May 2024 | ฿49.9b | ฿43.6b | ฿2.0b | 20.9x | 25x | 1.1x |
| Thu, 25 Apr 2024 | ฿51.0b | ฿43.5b | ฿2.0b | 20.8x | 26x | 1.2x |
| Sat, 23 Mar 2024 | ฿53.0b | ฿43.5b | ฿2.0b | 20.7x | 27.1x | 1.2x |
| Mon, 19 Feb 2024 | ฿53.7b | ฿43.4b | ฿2.2b | 20.6x | 24.2x | 1.2x |
| Wed, 17 Jan 2024 | ฿53.9b | ฿43.4b | ฿2.1b | 23.5x | 26.3x | 1.2x |
| Fri, 15 Dec 2023 | ฿51.1b | ฿43.4b | ฿2.1b | 23.8x | 24.9x | 1.2x |
| Sun, 12 Nov 2023 | ฿52.1b | ฿44.0b | ฿2.2b | 26.7x | 24.1x | 1.2x |
| Tue, 10 Oct 2023 | ฿55.3b | ฿44.0b | ฿2.2b | 27.4x | 25.1x | 1.3x |
| Thu, 07 Sep 2023 | ฿56.6b | ฿44.0b | ฿2.2b | 25.9x | 25.7x | 1.3x |
| Sat, 05 Aug 2023 | ฿56.9b | ฿44.2b | ฿2.4b | 20.4x | 23.3x | 1.3x |
| Mon, 03 Jul 2023 | ฿56.9b | ฿44.2b | ฿2.4b | 21.6x | 23.3x | 1.3x |
| Wed, 31 May 2023 | ฿60.3b | ฿44.2b | ฿2.5b | 24.6x | 24.2x | 1.4x |
| Fri, 28 Apr 2023 | ฿54.0b | ฿43.5b | ฿2.6b | 18.8x | 20.5x | 1.2x |
Price to Earnings Ratio
20.5x
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 37.3x which is higher than its 3-year average PE of 25.0x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.72x.
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 5.2% 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 | -1.66% | |
| Consumer Discretionary | -0.39% | |
| Luxury | 0.79% | |
| Apparel, Accessories and Luxury Goods | 1.25% | |
| Footwear | -0.33% | |
| Textiles | -0.58% | |
Industry PE
- Investors are most optimistic about the Footwear industry which is trading above its 3-year average PE ratio of 24.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Apparel, Accessories and Luxury Goods industry, expecting annual earnings growth of 7.8% over the next 5 years.
- This is better than its past earnings decline of 5.5% per year.
- In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 7.8% 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 | |
|---|---|---|---|---|---|
| MC MC Group | ฿11.20 | 3.7% +฿316.8m | 13.1% | PE12x | |
| MTW Make To Win Holding | ฿0.83 | 3.8% +฿26.4m | -31.4% | PS2.4x | |
| RSP Rich Sport | ฿0.91 | 1.1% +฿7.4m | -46.8% | PS0.5x |