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Thai (SET) Energy Sector Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies29
- 7D-0.7%
- 3M-5.6%
- 1Y-14.9%
- YTD-9.2%
Over the last 7 days, the Energy industry has remained flat, although notably Star Petroleum Refining gained 5.1%. As for the longer term, the industry has declined 15% in the last year. As for the next few years, earnings are expected to grow by 12% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 24 Nov 2025 | ฿1.6t | ฿5.0t | ฿143.7b | 10.3x | 10.9x | 0.3x |
| Wed, 22 Oct 2025 | ฿1.6t | ฿5.3t | ฿123.5b | 9.5x | 12.7x | 0.3x |
| Fri, 19 Sep 2025 | ฿1.7t | ฿5.2t | ฿121.7b | 10.3x | 13.9x | 0.3x |
| Sun, 17 Aug 2025 | ฿1.7t | ฿5.2t | ฿122.9b | 9.8x | 13.5x | 0.3x |
| Tue, 15 Jul 2025 | ฿1.6t | ฿5.5t | ฿156.4b | 9.8x | 10.1x | 0.3x |
| Thu, 12 Jun 2025 | ฿1.5t | ฿5.5t | ฿156.9b | 9.6x | 9.7x | 0.3x |
| Sat, 10 May 2025 | ฿1.6t | ฿5.6t | ฿171.7b | 9.3x | 9.2x | 0.3x |
| Mon, 07 Apr 2025 | ฿1.6t | ฿5.6t | ฿179.9b | 8.9x | 8.8x | 0.3x |
| Wed, 05 Mar 2025 | ฿1.6t | ฿5.6t | ฿178.3b | 9.3x | 8.9x | 0.3x |
| Fri, 31 Jan 2025 | ฿1.7t | ฿5.7t | ฿203.4b | 8.3x | 8.2x | 0.3x |
| Sun, 29 Dec 2024 | ฿1.7t | ฿5.7t | ฿204.2b | 8.9x | 8.3x | 0.3x |
| Tue, 26 Nov 2024 | ฿1.8t | ฿5.7t | ฿205.5b | 9.4x | 8.8x | 0.3x |
| Thu, 24 Oct 2024 | ฿1.8t | ฿5.7t | ฿268.7b | 8.8x | 6.8x | 0.3x |
| Sat, 21 Sep 2024 | ฿1.9t | ฿5.7t | ฿267.3b | 9.2x | 7.1x | 0.3x |
| Mon, 19 Aug 2024 | ฿1.9t | ฿5.7t | ฿268.8b | 8.2x | 7.1x | 0.3x |
| Wed, 17 Jul 2024 | ฿1.9t | ฿5.6t | ฿242.7b | 9.2x | 7.8x | 0.3x |
| Fri, 14 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.0b | 9.5x | 7.8x | 0.3x |
| Sun, 12 May 2024 | ฿2.0t | ฿5.6t | ฿247.2b | 10.7x | 8x | 0.4x |
| Tue, 09 Apr 2024 | ฿2.1t | ฿5.5t | ฿241.6b | 14.4x | 8.5x | 0.4x |
| Thu, 07 Mar 2024 | ฿2.0t | ฿5.5t | ฿239.3b | 14.4x | 8.4x | 0.4x |
| Sat, 03 Feb 2024 | ฿2.0t | ฿5.4t | ฿218.5b | 10.6x | 9.1x | 0.4x |
| Mon, 01 Jan 2024 | ฿2.0t | ฿5.4t | ฿211.5b | 10.9x | 9.6x | 0.4x |
| Wed, 29 Nov 2023 | ฿2.0t | ฿5.4t | ฿212.7b | 11.3x | 9.6x | 0.4x |
| Fri, 27 Oct 2023 | ฿2.0t | ฿5.6t | ฿172.8b | 9.8x | 11.6x | 0.4x |
| Sun, 24 Sep 2023 | ฿2.0t | ฿5.6t | ฿172.0b | 10.7x | 11.9x | 0.4x |
| Tue, 22 Aug 2023 | ฿2.1t | ฿5.6t | ฿169.9b | 9.9x | 12.3x | 0.4x |
| Thu, 20 Jul 2023 | ฿2.0t | ฿5.9t | ฿255.9b | 9.9x | 8x | 0.3x |
| Sat, 17 Jun 2023 | ฿1.9t | ฿5.9t | ฿257.6b | 10.5x | 7.5x | 0.3x |
| Mon, 15 May 2023 | ฿1.9t | ฿5.9t | ฿256.4b | 11.7x | 7.5x | 0.3x |
| Wed, 12 Apr 2023 | ฿2.0t | ฿5.9t | ฿265.2b | 12.2x | 7.5x | 0.3x |
| Fri, 10 Mar 2023 | ฿2.0t | ฿5.9t | ฿267.8b | 9.9x | 7.3x | 0.3x |
| Sun, 05 Feb 2023 | ฿2.1t | ฿5.6t | ฿292.8b | 11.6x | 7.2x | 0.4x |
| Tue, 03 Jan 2023 | ฿2.2t | ฿5.7t | ฿296.3b | 10.6x | 7.4x | 0.4x |
| Thu, 01 Dec 2022 | ฿2.2t | ฿5.7t | ฿298.5b | 12.6x | 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 10.9x which is higher than its 3-year average PE of 9.0x.
- 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 22% per year over the last three years,
- Revenues have also declined 3.8% 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 | -1.17% | |
| Energy | -0.65% | |
| Oil and Gas | -0.65% | |
| Energy Services | -2.33% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 9.0x.
- Analysts are expecting annual earnings growth of 12.5%, 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 | |
|---|---|---|---|---|---|
| LANNA Lanna Resources | ฿15.20 | 1.3% +฿105.0m | -5.0% | PE9.7x | |
| PSTC Power Solution Technologies | ฿0.29 | 11.5% +฿103.9m | -34.1% | PS0.6x | |
| SEAOIL Sea Oil | ฿3.00 | 4.2% +฿88.7m | 10.3% | PE7.2x | |
| ABM Asia Biomass | ฿0.77 | 16.7% +฿76.1m | -40.8% | PS0.2x | |
| AIE AI Energy | ฿1.03 | 2.0% +฿27.7m | -5.5% | PE8.5x |