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Thai (SET) Energy Sector Analysis
UpdatedNov 25, 2025
DataAggregated Company Financials
Companies29
- 7D0.8%
- 3M-2.0%
- 1Y-10.3%
- YTD-7.9%
Over the last 7 days, the Energy industry has dropped 1.1%, driven by pullbacks in Bangchak Sriracha and Bangchak Corporation of 32% and 11%, respectively. However, the industry is down 11% over the past 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 |
|---|---|---|---|---|---|---|
| Sat, 29 Nov 2025 | ฿1.6t | ฿5.0t | ฿143.9b | 10.3x | 10.9x | 0.3x |
| Mon, 27 Oct 2025 | ฿1.6t | ฿5.2t | ฿123.2b | 9.8x | 13.2x | 0.3x |
| Wed, 24 Sep 2025 | ฿1.7t | ฿5.2t | ฿121.7b | 10.1x | 13.7x | 0.3x |
| Fri, 22 Aug 2025 | ฿1.6t | ฿5.2t | ฿123.2b | 9.9x | 13.3x | 0.3x |
| Sun, 20 Jul 2025 | ฿1.6t | ฿5.5t | ฿156.4b | 10.4x | 10.5x | 0.3x |
| Tue, 17 Jun 2025 | ฿1.6t | ฿5.5t | ฿156.6b | 9.3x | 10.1x | 0.3x |
| Thu, 15 May 2025 | ฿1.6t | ฿5.6t | ฿164.0b | 9.2x | 9.6x | 0.3x |
| Sat, 12 Apr 2025 | ฿1.6t | ฿5.6t | ฿177.9b | 9x | 8.7x | 0.3x |
| Mon, 10 Mar 2025 | ฿1.6t | ฿5.6t | ฿178.2b | 9.3x | 8.7x | 0.3x |
| Wed, 05 Feb 2025 | ฿1.6t | ฿5.7t | ฿204.5b | 8x | 8.1x | 0.3x |
| Fri, 03 Jan 2025 | ฿1.7t | ฿5.7t | ฿204.7b | 9x | 8.4x | 0.3x |
| Sun, 01 Dec 2024 | ฿1.8t | ฿5.7t | ฿204.8b | 9.4x | 8.6x | 0.3x |
| Tue, 29 Oct 2024 | ฿1.8t | ฿5.7t | ฿269.2b | 8.9x | 6.8x | 0.3x |
| Thu, 26 Sep 2024 | ฿1.9t | ฿5.7t | ฿266.4b | 8.9x | 7.2x | 0.3x |
| Sat, 24 Aug 2024 | ฿1.9t | ฿5.7t | ฿267.8b | 8.5x | 7.2x | 0.3x |
| Mon, 22 Jul 2024 | ฿1.9t | ฿5.6t | ฿243.3b | 9.2x | 7.7x | 0.3x |
| Wed, 19 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.5b | 9.4x | 7.8x | 0.3x |
| Fri, 17 May 2024 | ฿2.0t | ฿5.6t | ฿242.8b | 9.8x | 8.2x | 0.4x |
| Sun, 14 Apr 2024 | ฿2.1t | ฿5.5t | ฿241.1b | 14.3x | 8.5x | 0.4x |
| Tue, 12 Mar 2024 | ฿2.0t | ฿5.5t | ฿238.5b | 14.4x | 8.3x | 0.4x |
| Thu, 08 Feb 2024 | ฿2.0t | ฿5.4t | ฿219.5b | 10.7x | 9.3x | 0.4x |
| Sat, 06 Jan 2024 | ฿2.0t | ฿5.4t | ฿212.3b | 11.5x | 9.6x | 0.4x |
| Mon, 04 Dec 2023 | ฿2.0t | ฿5.4t | ฿212.6b | 10.9x | 9.5x | 0.4x |
| Wed, 01 Nov 2023 | ฿2.0t | ฿5.6t | ฿166.5b | 10.1x | 12.1x | 0.4x |
| Fri, 29 Sep 2023 | ฿2.1t | ฿5.6t | ฿174.1b | 10.4x | 11.8x | 0.4x |
| Sun, 27 Aug 2023 | ฿2.1t | ฿5.6t | ฿169.6b | 11.1x | 12.3x | 0.4x |
| Tue, 25 Jul 2023 | ฿2.0t | ฿5.9t | ฿256.8b | 9.9x | 8x | 0.3x |
| Thu, 22 Jun 2023 | ฿1.9t | ฿5.9t | ฿258.2b | 10x | 7.4x | 0.3x |
| Sat, 20 May 2023 | ฿1.9t | ฿5.9t | ฿256.5b | 10x | 7.3x | 0.3x |
| Mon, 17 Apr 2023 | ฿2.0t | ฿5.9t | ฿265.5b | 12.2x | 7.5x | 0.3x |
| Wed, 15 Mar 2023 | ฿1.9t | ฿5.9t | ฿266.0b | 9.9x | 7x | 0.3x |
| Fri, 10 Feb 2023 | ฿2.1t | ฿5.6t | ฿292.8b | 11.3x | 7.1x | 0.4x |
| Sun, 08 Jan 2023 | ฿2.1t | ฿5.6t | ฿293.7b | 10.5x | 7.1x | 0.4x |
| Tue, 06 Dec 2022 | ฿2.2t | ฿5.7t | ฿296.8b | 10.9x | 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 21% 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 | 0.18% | |
| Energy | 0.80% | |
| Energy Services | 5.22% | |
| Oil and Gas | 0.80% | |
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 12.0%, 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 | ฿30.75 | 1.7% +฿14.3b | -4.7% | PE11.9x | |
| PTTEP PTT Exploration and Production | ฿106.50 | 0.9% +฿4.0b | -16.5% | PE7.2x | |
| BANPU Banpu | ฿4.50 | 4.7% +฿2.0b | -21.1% | PS0.3x | |
| PSTC Power Solution Technologies | ฿0.27 | 8.0% +฿69.3m | -37.2% | PS0.6x | |
| DEXON Dexon Technology | ฿1.14 | 11.8% +฿57.2m | -26.9% | PS0.7x |