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Thai (SET) Energy Sector Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies28
- 7D0.08%
- 3M23.1%
- 1Y23.5%
- YTD20.3%
Last week, the Energy industry hasn't moved much but PTT Exploration and Production is up 6.0% in that time. As for the the longer term, the industry is up 24% over the past 12 months. Looking forward, earnings are forecast to grow by 9.2% 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 |
|---|---|---|---|---|---|---|
| Mon, 02 Mar 2026 | ฿2.0t | ฿4.7t | ฿160.5b | 12.6x | 12.1x | 0.4x |
| Wed, 28 Jan 2026 | ฿1.8t | ฿4.8t | ฿144.1b | 10.2x | 12.2x | 0.4x |
| Fri, 26 Dec 2025 | ฿1.6t | ฿4.8t | ฿144.1b | 10.1x | 11.2x | 0.3x |
| Sun, 23 Nov 2025 | ฿1.6t | ฿5.0t | ฿143.7b | 10.3x | 10.9x | 0.3x |
| Tue, 21 Oct 2025 | ฿1.5t | ฿5.2t | ฿123.3b | 9.5x | 12.5x | 0.3x |
| Thu, 18 Sep 2025 | ฿1.7t | ฿5.2t | ฿121.6b | 10.5x | 14x | 0.3x |
| Sat, 16 Aug 2025 | ฿1.7t | ฿5.2t | ฿123.1b | 9.2x | 13.5x | 0.3x |
| Mon, 14 Jul 2025 | ฿1.6t | ฿5.5t | ฿156.5b | 10x | 9.9x | 0.3x |
| Wed, 11 Jun 2025 | ฿1.5t | ฿5.5t | ฿157.0b | 9.6x | 9.7x | 0.3x |
| Fri, 09 May 2025 | ฿1.6t | ฿5.6t | ฿174.4b | 9x | 8.9x | 0.3x |
| Sun, 06 Apr 2025 | ฿1.6t | ฿5.6t | ฿179.9b | 8.9x | 8.8x | 0.3x |
| Tue, 04 Mar 2025 | ฿1.6t | ฿5.6t | ฿179.1b | 9.4x | 8.9x | 0.3x |
| Thu, 30 Jan 2025 | ฿1.7t | ฿5.7t | ฿203.3b | 8.4x | 8.2x | 0.3x |
| Sat, 28 Dec 2024 | ฿1.7t | ฿5.7t | ฿203.9b | 8.9x | 8.3x | 0.3x |
| Mon, 25 Nov 2024 | ฿1.8t | ฿5.7t | ฿205.2b | 9.6x | 8.9x | 0.3x |
| Wed, 23 Oct 2024 | ฿1.8t | ฿5.7t | ฿268.4b | 8.8x | 6.9x | 0.3x |
| Fri, 20 Sep 2024 | ฿1.9t | ฿5.7t | ฿267.4b | 9.1x | 7.1x | 0.3x |
| Sun, 18 Aug 2024 | ฿1.9t | ฿5.7t | ฿268.8b | 8.2x | 7.1x | 0.3x |
| Tue, 16 Jul 2024 | ฿1.9t | ฿5.6t | ฿242.9b | 9.3x | 7.9x | 0.3x |
| Thu, 13 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.1b | 9.4x | 7.7x | 0.3x |
| Sat, 11 May 2024 | ฿2.0t | ฿5.6t | ฿247.2b | 10.7x | 8x | 0.4x |
| Mon, 08 Apr 2024 | ฿2.1t | ฿5.5t | ฿241.5b | 14.4x | 8.5x | 0.4x |
| Wed, 06 Mar 2024 | ฿2.0t | ฿5.5t | ฿239.5b | 14.7x | 8.4x | 0.4x |
| Fri, 02 Feb 2024 | ฿2.0t | ฿5.4t | ฿219.2b | 10.6x | 9.1x | 0.4x |
| Sun, 31 Dec 2023 | ฿2.0t | ฿5.4t | ฿211.5b | 10.9x | 9.6x | 0.4x |
| Tue, 28 Nov 2023 | ฿2.0t | ฿5.4t | ฿213.1b | 11.3x | 9.6x | 0.4x |
| Thu, 26 Oct 2023 | ฿2.0t | ฿5.6t | ฿172.5b | 9.7x | 11.8x | 0.4x |
| Sat, 23 Sep 2023 | ฿2.0t | ฿5.6t | ฿172.0b | 10.7x | 11.9x | 0.4x |
| Mon, 21 Aug 2023 | ฿2.1t | ฿5.6t | ฿170.4b | 10.1x | 12.3x | 0.4x |
| Wed, 19 Jul 2023 | ฿2.0t | ฿5.9t | ฿256.0b | 9.7x | 8x | 0.3x |
| Fri, 16 Jun 2023 | ฿1.9t | ฿5.9t | ฿258.0b | 10.6x | 7.4x | 0.3x |
| Sun, 14 May 2023 | ฿1.9t | ฿5.9t | ฿256.4b | 12.3x | 7.5x | 0.3x |
| Tue, 11 Apr 2023 | ฿2.0t | ฿5.9t | ฿265.6b | 12.3x | 7.5x | 0.3x |
| Thu, 09 Mar 2023 | ฿2.0t | ฿5.9t | ฿268.9b | 9.8x | 7.4x | 0.3x |
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 12.1x which is higher than its 3-year average PE of 9.4x.
- 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 16% per year over the last three years,
- Revenues have also declined 7.5% 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 | 3.27% | |
| Energy | 0.075% | |
| Oil and Gas | 0.076% | |
| Energy Services | -2.22% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 9.4x.
- Analysts are expecting annual earnings growth of 9.2%, which is higher than its past year's earnings decline of 10.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 9.2% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 9.2% 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 | |
|---|---|---|---|---|---|
| PTTEP PTT Exploration and Production | ฿142.00 | 6.0% +฿31.8b | 29.1% | PE9.8x | |
| PTT PTT | ฿36.75 | 0.7% +฿7.1b | 18.5% | PE11.6x | |
| BBGI BBGI | ฿3.36 | 5.7% +฿260.3m | -15.2% | PE17.2x | |
| SPRC Star Petroleum Refining | ฿7.70 | 0.7% +฿216.8m | 42.6% | PE13x | |
| SEAOIL Sea Oil | ฿3.88 | 7.2% +฿192.1m | 48.1% | PE10.9x |