Thai (SET) Food and Staples Retail Industry Analysis

Industry Valuation and Performance

Has the Thai Food and Staples Retail Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 13 Jun 2026	฿629.2b	฿1.7t	฿44.1b	10.9x	14.3x	0.4x
Mon, 11 May 2026	฿616.1b	฿1.7t	฿42.7b	13.2x	14.4x	0.4x
Wed, 08 Apr 2026	฿642.0b	฿1.7t	฿42.5b	11.1x	15.1x	0.4x
Fri, 06 Mar 2026	฿666.1b	฿1.7t	฿42.6b	10.5x	15.7x	0.4x
Sun, 01 Feb 2026	฿614.6b	฿1.7t	฿44.2b	12.5x	13.9x	0.4x
Tue, 30 Dec 2025	฿625.5b	฿1.7t	฿44.2b	12.9x	14.2x	0.4x
Thu, 27 Nov 2025	฿635.3b	฿1.7t	฿44.0b	14.1x	14.5x	0.4x
Sat, 25 Oct 2025	฿744.1b	฿1.7t	฿43.2b	15.4x	17.2x	0.4x
Mon, 22 Sep 2025	฿755.6b	฿1.7t	฿43.2b	15.1x	17.5x	0.4x
Wed, 20 Aug 2025	฿675.4b	฿1.7t	฿43.2b	13.4x	15.6x	0.4x
Fri, 18 Jul 2025	฿726.3b	฿1.7t	฿42.7b	14.7x	17x	0.4x
Sun, 15 Jun 2025	฿676.3b	฿1.7t	฿42.7b	14.2x	15.8x	0.4x
Tue, 13 May 2025	฿828.9b	฿1.7t	฿40.6b	14.5x	20.4x	0.5x
Thu, 10 Apr 2025	฿807.2b	฿1.7t	฿40.4b	14.6x	20x	0.5x
Sat, 08 Mar 2025	฿861.2b	฿1.7t	฿40.4b	16x	21.3x	0.5x
Mon, 03 Feb 2025	฿847.8b	฿1.6t	฿38.0b	20.1x	22.3x	0.5x
Wed, 01 Jan 2025	฿891.6b	฿1.6t	฿38.0b	21.6x	23.4x	0.5x
Fri, 29 Nov 2024	฿1.0t	฿1.6t	฿38.0b	23.2x	26.7x	0.6x
Sun, 27 Oct 2024	฿1.0t	฿1.6t	฿36.4b	23.9x	28.5x	0.6x
Tue, 24 Sep 2024	฿1.0t	฿1.6t	฿36.4b	24.4x	28.5x	0.6x
Thu, 22 Aug 2024	฿934.9b	฿1.6t	฿36.4b	20.9x	25.7x	0.6x
Sat, 20 Jul 2024	฿928.6b	฿1.6t	฿33.9b	20.5x	27.4x	0.6x
Mon, 17 Jun 2024	฿884.7b	฿1.6t	฿33.9b	20.9x	26.1x	0.6x
Wed, 15 May 2024	฿990.2b	฿1.6t	฿34.7b	20x	28.5x	0.6x
Fri, 12 Apr 2024	฿964.0b	฿1.6t	฿32.2b	21.2x	29.9x	0.6x
Sun, 10 Mar 2024	฿993.2b	฿1.6t	฿32.2b	21.7x	30.8x	0.6x
Tue, 06 Feb 2024	฿921.4b	฿1.6t	฿28.8b	26.4x	31.9x	0.6x
Thu, 04 Jan 2024	฿914.6b	฿1.6t	฿28.8b	27.9x	31.7x	0.6x
Sat, 02 Dec 2023	฿875.3b	฿1.6t	฿28.8b	27.3x	30.3x	0.6x
Mon, 30 Oct 2023	฿918.7b	฿1.5t	฿28.2b	26.7x	32.6x	0.6x
Wed, 27 Sep 2023	฿1.0t	฿1.5t	฿28.2b	29.7x	36.6x	0.7x
Fri, 25 Aug 2023	฿1.1t	฿1.5t	฿28.2b	33.3x	39.8x	0.7x
Sun, 23 Jul 2023	฿1.1t	฿1.5t	฿26.6b	35.3x	40.9x	0.7x
Tue, 20 Jun 2023	฿1.1t	฿1.5t	฿26.6b	40.2x	42.3x	0.7x

Current Industry PE

Investors are pessimistic on the Thai Consumer Retailing 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 14.0x which is lower than its 3-year average PE of 24.4x.

The industry is trading close to its 3-year average PS ratio of 0.53x.

Past Earnings Growth

The earnings for companies in the Consumer Retailing industry have grown 18% per year over the last three years.
Revenues for these companies have grown 4.6% 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 Staples industry?


TH Market	0.63%
Consumer Staples	-0.55%
Food and Staples Retail	-0.97%
Big Box Super Stores	-0.70%
Drug Retail	-0.88%
Food Retail	-0.96%
Food Distributors	-2.83%

Industry PE

Investors are most optimistic about the Drug Retail industry even though it's trading below its 3-year average PE ratio of 29.4x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Food Distributors industry, which is trading below its 3-year average of 27.8x.

Forecasted Growth

Analysts are most optimistic on the Big Box Super Stores industry, expecting annual earnings growth of 7.7% over the next 5 years.
This is better than its past earnings decline of 15% per year.

In contrast, the Food Retail industry is expected to see its earnings grow by 7.2% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	WINNER Winner Group Enterprise	฿2.10	1.0% +฿12.0m	6.1%	PE9.2x

Company

Last Price

Valuation

WINNER Winner Group Enterprise

฿2.10

1.0%
+฿12.0m

6.1%

PE9.2x

New major risk - Revenue and earnings growth

Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿1.55b market cap, or US$47.9m).

Thai (SET) Food and Staples Retail Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment deteriorates as stock falls 16%

Now 22% overvalued

First quarter 2026 earnings released: EPS: ฿0.05 (vs ฿0.059 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.028 (vs ฿0.009 in 1Q 2025)

First quarter 2026 earnings: EPS exceeds analyst expectations

New major risk - Revenue and earnings growth

First quarter 2026 earnings released: EPS: ฿0.044 (vs ฿0.038 in 1Q 2025)

First quarter 2026 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 15% to ฿3.59