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Thai (SET) Energy Sector Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies29
- 7D-0.3%
- 3M-5.0%
- 1Y-9.9%
- YTD-8.3%
Over the last 7 days, the Energy industry has remained flat, although notably Star Petroleum Refining gained 14%. Unfortunately though, the industry is down 9.9% over the past 12 months. Looking forward, earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Fri, 14 Nov 2025 | ฿1.6t | ฿5.0t | ฿139.2b | 9.7x | 11.3x | 0.3x |
| Sun, 12 Oct 2025 | ฿1.6t | ฿5.2t | ฿123.2b | 9.8x | 13.1x | 0.3x |
| Tue, 09 Sep 2025 | ฿1.6t | ฿5.2t | ฿121.6b | 9.8x | 13.4x | 0.3x |
| Thu, 07 Aug 2025 | ฿1.7t | ฿5.5t | ฿145.8b | 10x | 11.7x | 0.3x |
| Sat, 05 Jul 2025 | ฿1.5t | ฿5.5t | ฿156.3b | 9x | 9.9x | 0.3x |
| Mon, 02 Jun 2025 | ฿1.5t | ฿5.5t | ฿157.4b | 9.8x | 9.6x | 0.3x |
| Wed, 30 Apr 2025 | ฿1.5t | ฿5.6t | ฿176.3b | 8.8x | 8.6x | 0.3x |
| Fri, 28 Mar 2025 | ฿1.7t | ฿5.6t | ฿178.7b | 9.4x | 9.4x | 0.3x |
| Sun, 23 Feb 2025 | ฿1.7t | ฿5.6t | ฿186.9b | 9.5x | 9.1x | 0.3x |
| Tue, 21 Jan 2025 | ฿1.7t | ฿5.7t | ฿204.7b | 8x | 8.2x | 0.3x |
| Thu, 19 Dec 2024 | ฿1.7t | ฿5.7t | ฿204.6b | 9x | 8.4x | 0.3x |
| Sat, 16 Nov 2024 | ฿1.8t | ฿5.7t | ฿205.9b | 10.2x | 8.5x | 0.3x |
| Mon, 14 Oct 2024 | ฿1.9t | ฿5.7t | ฿267.5b | 8.5x | 7.1x | 0.3x |
| Wed, 11 Sep 2024 | ฿1.9t | ฿5.7t | ฿269.0b | 9.2x | 7.1x | 0.3x |
| Fri, 09 Aug 2024 | ฿1.9t | ฿5.6t | ฿247.4b | 9.2x | 7.6x | 0.3x |
| Sun, 07 Jul 2024 | ฿2.0t | ฿5.6t | ฿243.5b | 9.4x | 8x | 0.4x |
| Tue, 04 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.5b | 9.6x | 8x | 0.3x |
| Thu, 02 May 2024 | ฿2.0t | ฿5.5t | ฿241.5b | 13.9x | 8.3x | 0.4x |
| Sat, 30 Mar 2024 | ฿2.0t | ฿5.5t | ฿240.9b | 14.4x | 8.4x | 0.4x |
| Mon, 26 Feb 2024 | ฿2.1t | ฿5.5t | ฿240.0b | 13.5x | 8.6x | 0.4x |
| Wed, 24 Jan 2024 | ฿2.0t | ฿5.5t | ฿214.5b | 10.4x | 9.2x | 0.4x |
| Fri, 22 Dec 2023 | ฿2.0t | ฿5.4t | ฿212.6b | 10.9x | 9.4x | 0.4x |
| Sun, 19 Nov 2023 | ฿2.0t | ฿5.4t | ฿213.1b | 11.6x | 9.6x | 0.4x |
| Tue, 17 Oct 2023 | ฿2.1t | ฿5.6t | ฿172.7b | 10.4x | 11.9x | 0.4x |
| Thu, 14 Sep 2023 | ฿2.1t | ฿5.6t | ฿171.1b | 11.1x | 12.1x | 0.4x |
| Sat, 12 Aug 2023 | ฿2.1t | ฿5.8t | ฿201.8b | 10.8x | 10.6x | 0.4x |
| Mon, 10 Jul 2023 | ฿2.0t | ฿5.9t | ฿259.1b | 9.6x | 7.6x | 0.3x |
| Wed, 07 Jun 2023 | ฿1.9t | ฿5.9t | ฿257.9b | 10x | 7.2x | 0.3x |
| Fri, 05 May 2023 | ฿1.9t | ฿5.9t | ฿272.3b | 11.9x | 6.9x | 0.3x |
| Sun, 02 Apr 2023 | ฿2.0t | ฿5.9t | ฿265.1b | 13.3x | 7.4x | 0.3x |
| Tue, 28 Feb 2023 | ฿2.0t | ฿5.9t | ฿270.3b | 9.7x | 7.4x | 0.3x |
| Thu, 26 Jan 2023 | ฿2.2t | ฿5.6t | ฿290.5b | 11.4x | 7.5x | 0.4x |
| Sat, 24 Dec 2022 | ฿2.1t | ฿5.7t | ฿296.8b | 10.4x | 7.1x | 0.4x |
| Mon, 21 Nov 2022 | ฿2.2t | ฿5.7t | ฿302.6b | 12.3x | 7.3x | 0.4x |
Price to Earnings Ratio
7.3x
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 11.8x 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 24% per year over the last three years,
- Revenues have also declined 2.9% 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 | -1.98% | |
| Energy | -0.29% | |
| Energy Services | -0.20% | |
| Oil and Gas | -0.29% | |
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 13.5%, which is higher than its past year's earnings growth of 4.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings growth rate of 4.6% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 13% 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 | ฿30.50 | 0% ฿7.3b | -6.2% | PE11.8x | |
| SPRC Star Petroleum Refining | ฿5.85 | 18.4% +฿3.9b | -3.3% | PS0.1x | |
| TOP Thai Oil | ฿35.50 | 2.9% +฿2.2b | -11.3% | PE5.3x | |
| SEAOIL Sea Oil | ฿3.00 | 4.2% +฿88.7m | 13.6% | PE6.3x | |
| LANNA Lanna Resources | ฿15.20 | 0.7% +฿52.5m | -4.4% | PE9.7x |