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Thai (SET) Energy Sector Analysis
UpdatedJul 13, 2025
DataAggregated Company Financials
Companies29
- 7D0.6%
- 3M0.5%
- 1Y-19.3%
- YTD-9.2%
Over the last 7 days, the Energy industry has dropped 1.4%, driven by Bangchak Corporation declining 1.7%. The industry has fallen 20% in the last year. As for the next few years, earnings are expected to grow by 8.1% 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 |
|---|---|---|---|---|---|---|
| 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 |
| Sat, 24 Sep 2022 | ฿2.2t | ฿5.1t | ฿307.8b | 10.7x | 7.3x | 0.4x |
| Mon, 22 Aug 2022 | ฿2.2t | ฿5.1t | ฿303.8b | 10.8x | 7.3x | 0.4x |
| Wed, 20 Jul 2022 | ฿2.0t | ฿4.4t | ฿225.3b | 9.8x | 9x | 0.5x |
Price to Earnings Ratio
9x
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 9.8x which is higher than its 3-year average PE of 8.4x.
- The industry is trading close to its 3-year average PS ratio of 0.35x.
Past Earnings Growth
- The earnings for companies in the Energy industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.5% per year.
- This means that although more sales are being generated, 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 | 0.12% | |
| Energy | 0.65% | |
| Oil and Gas | 0.65% | |
| Energy Services | -3.87% | |
Industry PE
- 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.4x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 8.1% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 8.1% 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 | 0.8% +฿7.1b | -6.9% | PE10.3x | |
| TOP Thai Oil | ฿28.75 | 3.6% +฿2.2b | -46.0% | PE8.5x | |
| BANPU Banpu | ฿4.22 | 1.4% +฿601.1m | -23.3% | PS0.2x | |
| IRPC IRPC | ฿0.81 | 2.5% +฿408.2m | -51.2% | PS0.05x | |
| BBGI BBGI | ฿3.02 | 4.9% +฿202.4m | -58.1% | PE19.5x |