Investors are pessimistic on the Thai Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
The industry is trading at a PE ratio of 7.4x which is lower than its 3-year average PE of 23.4x.
The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
The earnings for companies in the Energy industry have grown 31% per year over the last three years.
Revenues for these companies have grown 14% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Thai Energy sector?
Oil and Gas
Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio.
It looks like they are confident that earnings will grow faster in the future than they have historically.
Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 23.3x.
Despite it being negative, analysts are least pessimistic on the Oil and Gas industry since they expect its earnings to decline by only 5.5% per year over the next 5 years, which isn't as bad as the other industries.
This is a reversal from its past annual earnings growth rate of 12% per year.
In contrast, the Oil and Gas industry is expected to see its earnings decline by 5.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?