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Thai (SET) Energy Sector Analysis
UpdatedOct 20, 2025
DataAggregated Company Financials
Companies29
- 7D-4.4%
- 3M-7.6%
- 1Y-16.6%
- YTD-9.9%
Over the last 7 days, the Energy industry has dropped 4.4%, driven by a pullback from PTT of 4.0%. The industry has fallen 17% in the last year. Looking forward, earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Mon, 20 Oct 2025 | ฿1.5t | ฿5.2t | ฿123.4b | 9.5x | 12.5x | 0.3x |
| Wed, 17 Sep 2025 | ฿1.7t | ฿5.2t | ฿121.5b | 10.6x | 14x | 0.3x |
| Fri, 15 Aug 2025 | ฿1.7t | ฿5.2t | ฿123.3b | 9.8x | 13.5x | 0.3x |
| Sun, 13 Jul 2025 | ฿1.6t | ฿5.5t | ฿156.5b | 10x | 9.9x | 0.3x |
| Tue, 10 Jun 2025 | ฿1.5t | ฿5.5t | ฿157.0b | 9.7x | 9.6x | 0.3x |
| Thu, 08 May 2025 | ฿1.6t | ฿5.6t | ฿174.1b | 8.9x | 9x | 0.3x |
| Sat, 05 Apr 2025 | ฿1.6t | ฿5.6t | ฿179.3b | 8.9x | 8.8x | 0.3x |
| Mon, 03 Mar 2025 | ฿1.6t | ฿5.6t | ฿179.5b | 9.3x | 8.9x | 0.3x |
| Wed, 29 Jan 2025 | ฿1.7t | ฿5.7t | ฿203.8b | 8.4x | 8.2x | 0.3x |
| Fri, 27 Dec 2024 | ฿1.7t | ฿5.7t | ฿204.6b | 8.8x | 8.2x | 0.3x |
| Sun, 24 Nov 2024 | ฿1.8t | ฿5.7t | ฿205.2b | 9.6x | 8.9x | 0.3x |
| Tue, 22 Oct 2024 | ฿1.9t | ฿5.7t | ฿268.3b | 8.7x | 6.9x | 0.3x |
| Thu, 19 Sep 2024 | ฿1.9t | ฿5.7t | ฿267.8b | 9x | 7x | 0.3x |
| Sat, 17 Aug 2024 | ฿1.9t | ฿5.7t | ฿269.7b | 8.2x | 7.1x | 0.3x |
| Mon, 15 Jul 2024 | ฿1.9t | ฿5.6t | ฿242.7b | 9.3x | 8x | 0.3x |
| Wed, 12 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.3b | 9.4x | 7.8x | 0.3x |
| Fri, 10 May 2024 | ฿2.0t | ฿5.5t | ฿246.6b | 10.7x | 8x | 0.4x |
| Sun, 07 Apr 2024 | ฿2.1t | ฿5.5t | ฿241.5b | 14.4x | 8.5x | 0.4x |
| Tue, 05 Mar 2024 | ฿2.0t | ฿5.5t | ฿239.6b | 14.7x | 8.4x | 0.4x |
| Thu, 01 Feb 2024 | ฿2.0t | ฿5.4t | ฿219.1b | 10.4x | 9x | 0.4x |
| Sat, 30 Dec 2023 | ฿2.0t | ฿5.4t | ฿211.3b | 10.9x | 9.6x | 0.4x |
| Mon, 27 Nov 2023 | ฿2.0t | ฿5.4t | ฿213.7b | 11.5x | 9.6x | 0.4x |
| Wed, 25 Oct 2023 | ฿2.0t | ฿5.6t | ฿172.6b | 9.7x | 11.7x | 0.4x |
| Fri, 22 Sep 2023 | ฿2.0t | ฿5.6t | ฿172.4b | 10.7x | 11.7x | 0.4x |
| Sun, 20 Aug 2023 | ฿2.1t | ฿5.6t | ฿170.4b | 10.1x | 12.3x | 0.4x |
| Tue, 18 Jul 2023 | ฿2.0t | ฿5.9t | ฿257.4b | 9.8x | 7.9x | 0.3x |
| Thu, 15 Jun 2023 | ฿1.9t | ฿5.9t | ฿257.6b | 10.8x | 7.5x | 0.3x |
| Sat, 13 May 2023 | ฿1.9t | ฿5.9t | ฿255.0b | 12.3x | 7.5x | 0.3x |
| Mon, 10 Apr 2023 | ฿2.0t | ฿5.9t | ฿265.0b | 12.4x | 7.5x | 0.3x |
| Wed, 08 Mar 2023 | ฿2.0t | ฿5.9t | ฿266.7b | 9.8x | 7.5x | 0.3x |
| Fri, 03 Feb 2023 | ฿2.1t | ฿5.6t | ฿290.7b | 11.5x | 7.3x | 0.4x |
| Sun, 01 Jan 2023 | ฿2.2t | ฿5.7t | ฿296.4b | 10.6x | 7.3x | 0.4x |
| Tue, 29 Nov 2022 | ฿2.2t | ฿5.7t | ฿299.5b | 12.5x | 7.3x | 0.4x |
| Thu, 27 Oct 2022 | ฿2.2t | ฿5.2t | ฿322.8b | 10.9x | 6.8x | 0.4x |
Price to Earnings Ratio
6.8x
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 12.5x which is higher than its 3-year average PE of 8.8x.
- The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
- The earnings for companies in the Energy industry have declined 27% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Energy sector?
| TH Market | -1.02% | |
| Energy | -4.38% | |
| Energy Services | -3.33% | |
| Oil and Gas | -4.38% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 8.8x.
- Analysts are expecting annual earnings growth of 13.7%, which is higher than its past year's earnings decline of 9.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings decline of 9.9% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| TOP Thai Oil | ฿34.75 | 2.2% +฿1.7b | -25.3% | PE9.1x | |
| PSTC Power Solution Technologies | ฿0.36 | 2.9% +฿34.6m | -29.4% | PS0.8x | |
| TAE Thai Agro Energy | ฿0.58 | 1.8% +฿10.0m | -34.1% | PS0.3x |