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Thai (SET) Luxury Industry Analysis
UpdatedNov 25, 2025
DataAggregated Company Financials
Companies19
- 7D-1.8%
- 3M-4.8%
- 1Y-21.9%
- YTD-19.1%
Over the last 7 days, the Luxury industry has dropped 1.8%, driven by a pullback from Make To Win Holding of 24%. Overall the industry is down 22% in 12 months. Looking forward, earnings are forecast to grow by 8.9% 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 |
|---|---|---|---|---|---|---|
| Sat, 29 Nov 2025 | ฿27.3b | ฿37.9b | ฿758.7m | 14.4x | 36x | 0.7x |
| Mon, 27 Oct 2025 | ฿28.7b | ฿39.2b | ฿997.0m | 14x | 28.8x | 0.7x |
| Wed, 24 Sep 2025 | ฿38.2b | ฿40.2b | ฿1.3b | 15.4x | 28.8x | 0.9x |
| Fri, 22 Aug 2025 | ฿36.7b | ฿40.3b | ฿1.4b | 15.5x | 26.7x | 0.9x |
| Sun, 20 Jul 2025 | ฿36.2b | ฿41.4b | ฿1.9b | 10.8x | 19.4x | 0.9x |
| Tue, 17 Jun 2025 | ฿35.6b | ฿41.4b | ฿1.9b | 10x | 19.1x | 0.9x |
| Thu, 15 May 2025 | ฿38.8b | ฿41.8b | ฿2.1b | 12.2x | 18.8x | 0.9x |
| Sat, 12 Apr 2025 | ฿38.1b | ฿42.2b | ฿2.0b | 17.9x | 18.6x | 0.9x |
| Mon, 10 Mar 2025 | ฿40.8b | ฿42.2b | ฿2.0b | 19x | 19.9x | 1x |
| Wed, 05 Feb 2025 | ฿41.9b | ฿44.2b | ฿2.1b | 13.6x | 20x | 0.9x |
| Fri, 03 Jan 2025 | ฿44.1b | ฿44.2b | ฿2.1b | 15.3x | 21x | 1x |
| Sun, 01 Dec 2024 | ฿45.2b | ฿44.2b | ฿2.1b | 15.7x | 21.6x | 1x |
| Tue, 29 Oct 2024 | ฿48.0b | ฿44.0b | ฿2.4b | 14.5x | 19.9x | 1.1x |
| Thu, 26 Sep 2024 | ฿49.2b | ฿44.0b | ฿2.4b | 15.5x | 20.4x | 1.1x |
| Sat, 24 Aug 2024 | ฿45.9b | ฿43.9b | ฿2.4b | 15.4x | 19.4x | 1x |
| Mon, 22 Jul 2024 | ฿45.5b | ฿43.6b | ฿2.2b | 18.8x | 20.9x | 1x |
| Wed, 19 Jun 2024 | ฿47.4b | ฿43.6b | ฿2.2b | 19.8x | 21.8x | 1.1x |
| Fri, 17 May 2024 | ฿49.4b | ฿43.6b | ฿2.0b | 20.9x | 24.6x | 1.1x |
| Sun, 14 Apr 2024 | ฿52.3b | ฿43.5b | ฿2.0b | 20.8x | 26.7x | 1.2x |
| Tue, 12 Mar 2024 | ฿52.5b | ฿43.5b | ฿2.0b | 20.6x | 26.8x | 1.2x |
| Thu, 08 Feb 2024 | ฿53.7b | ฿43.4b | ฿2.1b | 22.2x | 26.2x | 1.2x |
| Sat, 06 Jan 2024 | ฿53.3b | ฿43.4b | ฿2.1b | 22.8x | 26x | 1.2x |
| Mon, 04 Dec 2023 | ฿50.8b | ฿43.4b | ฿2.1b | 23.1x | 24.8x | 1.2x |
| Wed, 01 Nov 2023 | ฿52.0b | ฿44.0b | ฿2.2b | 26.8x | 23.6x | 1.2x |
| Fri, 29 Sep 2023 | ฿55.8b | ฿44.0b | ฿2.2b | 26.3x | 25.3x | 1.3x |
| Sun, 27 Aug 2023 | ฿56.7b | ฿44.0b | ฿2.2b | 26.8x | 25.7x | 1.3x |
| Tue, 25 Jul 2023 | ฿57.3b | ฿44.2b | ฿2.4b | 20.3x | 23.5x | 1.3x |
| Thu, 22 Jun 2023 | ฿57.8b | ฿44.2b | ฿2.4b | 22.6x | 23.7x | 1.3x |
| Sat, 20 May 2023 | ฿54.2b | ฿44.0b | ฿2.5b | 22.7x | 22x | 1.2x |
| Mon, 17 Apr 2023 | ฿55.2b | ฿43.5b | ฿2.6b | 18.7x | 20.9x | 1.3x |
| Wed, 15 Mar 2023 | ฿52.1b | ฿43.5b | ฿2.6b | 20.4x | 20x | 1.2x |
| Fri, 10 Feb 2023 | ฿56.2b | ฿41.3b | ฿2.6b | 20.3x | 21.8x | 1.4x |
| Sun, 08 Jan 2023 | ฿51.4b | ฿41.3b | ฿2.6b | 20x | 19.9x | 1.2x |
| Tue, 06 Dec 2022 | ฿42.2b | ฿40.6b | ฿2.6b | 19.4x | 16.5x | 1x |
Price to Earnings Ratio
16.5x
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 36.0x which is higher than its 3-year average PE of 22.7x.
- The 3-year average PS ratio of 1.1x 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 33% per year over the last three years,
- Revenues have also declined 2.1% 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 | 0.18% | |
| Consumer Discretionary | 3.29% | |
| Luxury | -1.76% | |
| Apparel, Accessories and Luxury Goods | -1.05% | |
| Footwear | -2.44% | |
| Textiles | -3.87% | |
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 20.9x.
- Analysts are expecting annual earnings growth of 8.9%, 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 8.9% 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 8.9% 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 | ฿10.80 | 0.9% +฿79.2m | 0% | PE11.4x | |
| CWT Chai Watana Tannery Group | ฿0.84 | 5.0% +฿25.2m | -25.0% | PE63.7x | |
| WARRIX Warrix Sport | ฿1.91 | 1.1% +฿11.8m | -50.8% | PE21.8x | |
| RSP Rich Sport | ฿1.14 | 0.9% +฿7.4m | -42.1% | PE14.8x | |
| AFC Asia Fiber | ฿3.78 | 3.3% +฿5.5m | -21.3% | PE7232.5x |