Narrative Update • Jun 01
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Thai (SET) Energy Sector Analysis
UpdatedJun 05, 2026
DataAggregated Company Financials
Companies28
- 7D0.7%
- 3M5.0%
- 1Y30.3%
- YTD21.1%
The Energy industry has stayed flat over the last week. The past year has been better, since the industry has gained 30% in that time. As for the next few years, earnings are expected to grow by 4.2% 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 |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | ฿2.0t | ฿4.7t | ฿200.7b | 11.6x | 9.8x | 0.4x |
| Mon, 04 May 2026 | ฿2.0t | ฿4.7t | ฿159.7b | 14.2x | 12.3x | 0.4x |
| Wed, 01 Apr 2026 | ฿2.0t | ฿4.7t | ฿164.1b | 14.6x | 12.2x | 0.4x |
| Fri, 27 Feb 2026 | ฿1.9t | ฿4.7t | ฿163.1b | 12.1x | 11.9x | 0.4x |
| Sun, 25 Jan 2026 | ฿1.7t | ฿4.8t | ฿144.0b | 10.2x | 12.1x | 0.4x |
| Tue, 23 Dec 2025 | ฿1.6t | ฿4.8t | ฿144.3b | 10x | 11.2x | 0.3x |
| Thu, 20 Nov 2025 | ฿1.6t | ฿5.0t | ฿140.6b | 10.3x | 11.2x | 0.3x |
| Sat, 18 Oct 2025 | ฿1.5t | ฿5.2t | ฿123.3b | 9.5x | 12.5x | 0.3x |
| Mon, 15 Sep 2025 | ฿1.7t | ฿5.2t | ฿121.5b | 10.4x | 13.9x | 0.3x |
| Wed, 13 Aug 2025 | ฿1.7t | ฿5.4t | ฿138.8b | 10x | 12x | 0.3x |
| Fri, 11 Jul 2025 | ฿1.5t | ฿5.5t | ฿157.0b | 9.1x | 9.8x | 0.3x |
| Sun, 08 Jun 2025 | ฿1.5t | ฿5.5t | ฿157.2b | 9.7x | 9.7x | 0.3x |
| Tue, 06 May 2025 | ฿1.5t | ฿5.6t | ฿175.3b | 9x | 8.8x | 0.3x |
| Thu, 03 Apr 2025 | ฿1.7t | ฿5.6t | ฿179.2b | 9.2x | 9.3x | 0.3x |
| Sat, 01 Mar 2025 | ฿1.6t | ฿5.6t | ฿179.1b | 9.3x | 8.9x | 0.3x |
| Mon, 27 Jan 2025 | ฿1.7t | ฿5.7t | ฿203.0b | 8.3x | 8.2x | 0.3x |
| Wed, 25 Dec 2024 | ฿1.7t | ฿5.7t | ฿204.4b | 8.8x | 8.2x | 0.3x |
| Fri, 22 Nov 2024 | ฿1.8t | ฿5.7t | ฿205.6b | 9.5x | 8.7x | 0.3x |
| Sun, 20 Oct 2024 | ฿1.9t | ฿5.7t | ฿267.5b | 8.6x | 6.9x | 0.3x |
| Tue, 17 Sep 2024 | ฿1.9t | ฿5.7t | ฿267.8b | 8.9x | 7.1x | 0.3x |
| Thu, 15 Aug 2024 | ฿1.9t | ฿5.7t | ฿270.3b | 8.7x | 7x | 0.3x |
| Sat, 13 Jul 2024 | ฿1.9t | ฿5.6t | ฿242.9b | 9.3x | 8x | 0.3x |
| Mon, 10 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.4b | 9.6x | 7.9x | 0.3x |
| Wed, 08 May 2024 | ฿2.0t | ฿5.5t | ฿240.5b | 14x | 8.2x | 0.4x |
| Fri, 05 Apr 2024 | ฿2.1t | ฿5.5t | ฿241.8b | 14.3x | 8.5x | 0.4x |
| Sun, 03 Mar 2024 | ฿2.0t | ฿5.5t | ฿239.6b | 14.9x | 8.3x | 0.4x |
| Tue, 30 Jan 2024 | ฿2.0t | ฿5.4t | ฿214.2b | 10.5x | 9.3x | 0.4x |
| Thu, 28 Dec 2023 | ฿2.0t | ฿5.4t | ฿211.6b | 10.9x | 9.6x | 0.4x |
| Sat, 25 Nov 2023 | ฿2.0t | ฿5.4t | ฿213.9b | 11.5x | 9.6x | 0.4x |
| Mon, 23 Oct 2023 | ฿2.1t | ฿5.6t | ฿173.4b | 9.8x | 11.9x | 0.4x |
| Wed, 20 Sep 2023 | ฿2.1t | ฿5.6t | ฿171.9b | 11x | 12x | 0.4x |
| Fri, 18 Aug 2023 | ฿2.1t | ฿5.6t | ฿184.0b | 10.9x | 11.4x | 0.4x |
| Sun, 16 Jul 2023 | ฿2.1t | ฿5.9t | ฿257.6b | 9.9x | 8x | 0.3x |
| Tue, 13 Jun 2023 | ฿1.9t | ฿5.9t | ฿257.2b | 10.9x | 7.4x | 0.3x |
Price to Earnings Ratio
7.4x
Current Industry PE
- Investors are relatively neutral on the Thai Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.8x.
- 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 7.9% per year over the last three years,
- Revenues have also declined 7.1% 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 | 1.63% | |
| Energy | 0.65% | |
| Oil and Gas | 0.66% | |
| Energy Services | -0.99% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 9.8x.
- Analysts are expecting annual earnings growth of 4.2%, which is higher than its past year's earnings decline of 10.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 4.2% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 4.2% 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 | ฿36.75 | 1.4% +฿14.2b | 20.5% | PE11.3x | |
| PTTEP PTT Exploration and Production | ฿144.50 | 2.1% +฿11.9b | 45.2% | PE10.2x | |
| IRPC IRPC | ฿1.90 | 4.4% +฿1.6b | 134.6% | PE7x | |
| BCP Bangchak Corporation | ฿34.00 | 2.3% +฿1.1b | -3.5% | PE7.2x | |
| BBGI BBGI | ฿4.36 | 6.9% +฿404.9m | 42.5% | PE15.1x |