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Thai (SET) Energy Sector Analysis
UpdatedJan 15, 2026
DataAggregated Company Financials
Companies28
- 7D3.6%
- 3M6.9%
- 1Y-0.4%
- YTD3.0%
In the last week, the Energy industry is up 3.6%, with PTT up 4.0%. In the same time, Siamgas and Petrochemicals was down 5.2%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Thai Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 15 Jan 2026 | ฿1.7t | ฿4.8t | ฿144.8b | 10.2x | 11.6x | 0.3x |
| Sat, 13 Dec 2025 | ฿1.6t | ฿4.8t | ฿144.9b | 10.1x | 11x | 0.3x |
| Mon, 10 Nov 2025 | ฿1.6t | ฿5.2t | ฿133.7b | 9.8x | 11.7x | 0.3x |
| Wed, 08 Oct 2025 | ฿1.6t | ฿5.2t | ฿123.0b | 9.9x | 13.4x | 0.3x |
| Fri, 05 Sep 2025 | ฿1.6t | ฿5.2t | ฿122.6b | 9.6x | 13.3x | 0.3x |
| Sun, 03 Aug 2025 | ฿1.7t | ฿5.5t | ฿148.6b | 9.8x | 11.4x | 0.3x |
| Tue, 01 Jul 2025 | ฿1.5t | ฿5.5t | ฿156.7b | 8.8x | 9.8x | 0.3x |
| Thu, 29 May 2025 | ฿1.5t | ฿5.5t | ฿156.9b | 9.8x | 9.8x | 0.3x |
| Sat, 26 Apr 2025 | ฿1.5t | ฿5.6t | ฿177.8b | 8.8x | 8.6x | 0.3x |
| Mon, 24 Mar 2025 | ฿1.6t | ฿5.6t | ฿178.6b | 9.3x | 9.2x | 0.3x |
| Wed, 19 Feb 2025 | ฿1.7t | ฿5.7t | ฿206.2b | 8x | 8.2x | 0.3x |
| Fri, 17 Jan 2025 | ฿1.7t | ฿5.7t | ฿205.4b | 8.1x | 8.3x | 0.3x |
| Sun, 15 Dec 2024 | ฿1.7t | ฿5.7t | ฿204.4b | 9.2x | 8.4x | 0.3x |
| Tue, 12 Nov 2024 | ฿1.8t | ฿5.8t | ฿229.4b | 9.6x | 7.8x | 0.3x |
| Thu, 10 Oct 2024 | ฿1.9t | ฿5.7t | ฿268.3b | 8.5x | 7x | 0.3x |
| Sat, 07 Sep 2024 | ฿2.0t | ฿5.7t | ฿268.4b | 8.7x | 7.3x | 0.3x |
| Mon, 05 Aug 2024 | ฿1.9t | ฿5.6t | ฿244.0b | 9.1x | 7.7x | 0.3x |
| Wed, 03 Jul 2024 | ฿1.9t | ฿5.6t | ฿244.5b | 9.3x | 7.9x | 0.3x |
| Fri, 31 May 2024 | ฿2.0t | ฿5.6t | ฿244.1b | 9.7x | 8x | 0.4x |
| Sun, 28 Apr 2024 | ฿2.0t | ฿5.5t | ฿240.8b | 13.9x | 8.3x | 0.4x |
| Tue, 26 Mar 2024 | ฿2.0t | ฿5.5t | ฿241.0b | 14.4x | 8.3x | 0.4x |
| Thu, 22 Feb 2024 | ฿2.1t | ฿5.5t | ฿234.9b | 11.6x | 8.8x | 0.4x |
| Sat, 20 Jan 2024 | ฿2.0t | ฿5.4t | ฿213.9b | 10.6x | 9.3x | 0.4x |
| Mon, 18 Dec 2023 | ฿2.0t | ฿5.4t | ฿212.5b | 10.4x | 9.5x | 0.4x |
| Wed, 15 Nov 2023 | ฿2.0t | ฿5.5t | ฿193.5b | 10.9x | 10.5x | 0.4x |
| Fri, 13 Oct 2023 | ฿2.1t | ฿5.6t | ฿172.5b | 10.4x | 11.9x | 0.4x |
| Sun, 10 Sep 2023 | ฿2.1t | ฿5.6t | ฿171.0b | 11.3x | 12.2x | 0.4x |
| Tue, 08 Aug 2023 | ฿2.1t | ฿5.9t | ฿256.5b | 9.9x | 8.1x | 0.4x |
| Thu, 06 Jul 2023 | ฿2.0t | ฿5.9t | ฿258.4b | 9.7x | 7.7x | 0.3x |
| Sat, 03 Jun 2023 | ฿1.8t | ฿5.9t | ฿257.2b | 10.4x | 7.2x | 0.3x |
| Mon, 01 May 2023 | ฿1.9t | ฿5.9t | ฿273.6b | 11.3x | 6.9x | 0.3x |
| Wed, 29 Mar 2023 | ฿2.0t | ฿5.9t | ฿265.2b | 11.1x | 7.4x | 0.3x |
| Fri, 24 Feb 2023 | ฿2.0t | ฿5.8t | ฿274.9b | 10.7x | 7.4x | 0.3x |
| Sun, 22 Jan 2023 | ฿2.2t | ฿5.6t | ฿290.4b | 11.1x | 7.4x | 0.4x |
Price to Earnings Ratio
7.4x
Current Industry PE
- Investors are optimistic on the Thai Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.6x which is higher than its 3-year average PE of 9.2x.
- The industry is trading close to its 3-year average PS ratio of 0.33x.
Past Earnings Growth
- The earnings for companies in the Energy industry have declined 21% per year over the last three years,
- Revenues have also declined 5.1% 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 Energy sector?
| TH Market | -2.88% | |
| Energy | 3.55% | |
| Oil and Gas | 3.55% | |
| Energy Services | -1.56% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 9.2x.
- Analysts are expecting annual earnings growth of 12.1%, which is higher than its past year's earnings decline of 5.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 5.1% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| PTT PTT | ฿32.75 | 4.0% +฿35.7b | 5.6% | PE12.7x | |
| PTTEP PTT Exploration and Production | ฿115.50 | 6.5% +฿27.8b | -11.2% | PE8x | |
| BANPU Banpu | ฿5.25 | 5.0% +฿2.5b | 1.0% | PS0.3x | |
| IRPC IRPC | ฿1.15 | 7.5% +฿1.6b | -0.9% | PS0.08x | |
| BCP Bangchak Corporation | ฿29.25 | 3.5% +฿1.5b | -12.0% | PE65.8x |