Narrative Update • Jun 26
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Thai (SET) Food Industry Analysis
UpdatedJun 27, 2026
DataAggregated Company Financials
Companies66
- 7D1.5%
- 3M-1.0%
- 1Y6.9%
- YTD2.9%
The Food industry is up 1.3% in the last week, with Charoen Pokphand Foods up 2.1%. This takes the industry's 12 month performance to a gain of 6.2%. Earnings are forecast to grow by 7.2% annually.
Industry Valuation and Performance
Has the Thai Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Jun 2026 | ฿682.1b | ฿1.3t | ฿64.2b | 11.5x | 10.6x | 0.5x |
| Mon, 25 May 2026 | ฿668.3b | ฿1.3t | ฿63.9b | 10.8x | 10.5x | 0.5x |
| Wed, 22 Apr 2026 | ฿681.6b | ฿1.3t | ฿68.8b | 11.2x | 9.9x | 0.5x |
| Fri, 20 Mar 2026 | ฿655.5b | ฿1.3t | ฿68.8b | 11.2x | 9.5x | 0.5x |
| Sun, 15 Feb 2026 | ฿673.7b | ฿1.3t | ฿73.2b | 11.8x | 9.2x | 0.5x |
| Tue, 13 Jan 2026 | ฿659.5b | ฿1.3t | ฿73.3b | 11x | 9x | 0.5x |
| Thu, 11 Dec 2025 | ฿647.6b | ฿1.3t | ฿74.1b | 11.6x | 8.7x | 0.5x |
| Sat, 08 Nov 2025 | ฿661.7b | ฿1.3t | ฿76.4b | 10.9x | 8.7x | 0.5x |
| Mon, 06 Oct 2025 | ฿692.8b | ฿1.3t | ฿76.7b | 11.4x | 9x | 0.5x |
| Wed, 03 Sep 2025 | ฿684.3b | ฿1.3t | ฿76.8b | 11.4x | 8.9x | 0.5x |
| Fri, 01 Aug 2025 | ฿684.6b | ฿1.3t | ฿70.3b | 11.8x | 9.7x | 0.5x |
| Sun, 29 Jun 2025 | ฿637.6b | ฿1.3t | ฿70.3b | 10.4x | 9.1x | 0.5x |
| Tue, 27 May 2025 | ฿694.9b | ฿1.3t | ฿70.0b | 10.3x | 9.9x | 0.5x |
| Thu, 24 Apr 2025 | ฿705.1b | ฿1.3t | ฿60.4b | 11.1x | 11.7x | 0.6x |
| Sat, 22 Mar 2025 | ฿712.3b | ฿1.3t | ฿60.4b | 11.3x | 11.8x | 0.6x |
| Mon, 17 Feb 2025 | ฿684.9b | ฿1.3t | ฿53.8b | 11.7x | 12.7x | 0.5x |
| Wed, 15 Jan 2025 | ฿723.7b | ฿1.3t | ฿52.8b | 12.2x | 13.7x | 0.6x |
| Fri, 13 Dec 2024 | ฿778.3b | ฿1.3t | ฿54.0b | 13.2x | 14.4x | 0.6x |
| Sun, 10 Nov 2024 | ฿808.1b | ฿1.3t | ฿42.0b | 14.4x | 19.3x | 0.6x |
| Tue, 08 Oct 2024 | ฿845.3b | ฿1.3t | ฿41.0b | 15.1x | 20.6x | 0.7x |
| Thu, 05 Sep 2024 | ฿813.2b | ฿1.3t | ฿40.6b | 14.1x | 20x | 0.6x |
| Sat, 03 Aug 2024 | ฿796.0b | ฿1.2t | ฿27.8b | 16.2x | 28.7x | 0.6x |
| Mon, 01 Jul 2024 | ฿820.1b | ฿1.2t | ฿27.3b | 16.7x | 30x | 0.7x |
| Wed, 29 May 2024 | ฿838.3b | ฿1.2t | ฿27.1b | 17.8x | 30.9x | 0.7x |
| Fri, 26 Apr 2024 | ฿782.4b | ฿1.2t | ฿22.8b | 19x | 34.4x | 0.6x |
| Sun, 24 Mar 2024 | ฿772.4b | ฿1.2t | ฿22.7b | 19.2x | 34x | 0.6x |
| Tue, 20 Feb 2024 | ฿771.2b | ฿1.3t | ฿26.6b | 19.1x | 29x | 0.6x |
| Thu, 18 Jan 2024 | ฿784.4b | ฿1.3t | ฿27.4b | 18.9x | 28.6x | 0.6x |
| Sat, 16 Dec 2023 | ฿776.9b | ฿1.3t | ฿27.3b | 18.5x | 28.4x | 0.6x |
| Mon, 13 Nov 2023 | ฿760.5b | ฿1.3t | ฿38.1b | 20x | 20x | 0.6x |
| Wed, 11 Oct 2023 | ฿772.2b | ฿1.3t | ฿40.8b | 19.2x | 18.9x | 0.6x |
| Fri, 08 Sep 2023 | ฿810.5b | ฿1.3t | ฿41.1b | 19.7x | 19.7x | 0.6x |
| Sun, 06 Aug 2023 | ฿771.8b | ฿1.3t | ฿51.1b | 19.7x | 15.1x | 0.6x |
| Tue, 04 Jul 2023 | ฿773.9b | ฿1.3t | ฿51.7b | 19.2x | 15x | 0.6x |
Price to Earnings Ratio
15x
Current Industry PE
- Investors are pessimistic on the Thai Food 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 10.6x which is lower than its 3-year average PE of 17.3x.
- The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 7.5% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Thai Consumer Staples industry?
| TH Market | -1.92% | |
| Consumer Staples | 0.49% | |
| Food | 1.49% | |
| Packaged Foods and Meats | 1.54% | |
| Agricultural Products | -1.38% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 66.3x.
- Analysts are expecting annual earnings growth of 72.7%, which is higher than its past year's earnings decline of 12.6% per year.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 17.2x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 73% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 6.9% 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 | |
|---|---|---|---|---|---|
| CPF Charoen Pokphand Foods | ฿19.60 | 2.1% +฿3.3b | -10.9% | PE7.8x | |
| TFG Thaifoods Group | ฿9.40 | 3.9% +฿2.0b | 114.6% | PE7.3x | |
| TU Thai Union Group | ฿11.60 | 2.7% +฿1.2b | 16.0% | PE9.5x | |
| XO Exotic Food | ฿18.20 | 15.9% +฿1.1b | 17.4% | PE14.9x | |
| RBF R&B Food Supply | ฿5.00 | 8.2% +฿741.2m | 55.3% | PE20.9x |
