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Thai (SET) Oil and Gas Industry Analysis
UpdatedApr 23, 2025
DataAggregated Company Financials
Companies26
- 7D-1.4%
- 3M-8.7%
- 1Y-24.3%
- YTD-10.9%
Over the last 7 days, the Oil and Gas industry has dropped 1.4%, driven by a pullback from PTT of 3.2%. Meanwhile, Thai Oil actually outperformed within the industry, gaining 5.6% in the last week. The industry has fallen 24% in the last year. Looking forward, earnings are forecast to grow by 6.3% annually.
Industry Valuation and Performance
Has the Thai Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 24 Apr 2025 | ฿1.5t | ฿5.6t | ฿177.1b | 8.5x | 8.6x | 0.3x |
| Sat, 22 Mar 2025 | ฿1.6t | ฿5.6t | ฿178.5b | 9.2x | 9.2x | 0.3x |
| Mon, 17 Feb 2025 | ฿1.7t | ฿5.7t | ฿206.4b | 7.5x | 8x | 0.3x |
| Wed, 15 Jan 2025 | ฿1.7t | ฿5.7t | ฿205.9b | 8.8x | 8.1x | 0.3x |
| Fri, 13 Dec 2024 | ฿1.7t | ฿5.7t | ฿203.6b | 9.8x | 8.5x | 0.3x |
| Sun, 10 Nov 2024 | ฿1.8t | ฿5.8t | ฿228.0b | 10.1x | 7.9x | 0.3x |
| Tue, 08 Oct 2024 | ฿1.9t | ฿5.7t | ฿268.4b | 8.3x | 7.1x | 0.3x |
| Thu, 05 Sep 2024 | ฿1.9t | ฿5.7t | ฿267.8b | 8.9x | 7x | 0.3x |
| Sat, 03 Aug 2024 | ฿1.9t | ฿5.6t | ฿244.4b | 8.9x | 7.7x | 0.3x |
| Mon, 01 Jul 2024 | ฿1.9t | ฿5.6t | ฿244.4b | 9.5x | 7.9x | 0.3x |
| Wed, 29 May 2024 | ฿2.0t | ฿5.6t | ฿244.2b | 8.9x | 8.1x | 0.4x |
| Fri, 26 Apr 2024 | ฿2.0t | ฿5.5t | ฿242.8b | 11.8x | 8.3x | 0.4x |
| Sun, 24 Mar 2024 | ฿2.0t | ฿5.5t | ฿241.1b | 13x | 8.3x | 0.4x |
| Tue, 20 Feb 2024 | ฿2.1t | ฿5.5t | ฿239.5b | 10.7x | 8.6x | 0.4x |
| Thu, 18 Jan 2024 | ฿2.0t | ฿5.4t | ฿214.2b | 10.3x | 9.1x | 0.4x |
| Sat, 16 Dec 2023 | ฿2.0t | ฿5.4t | ฿212.7b | 10.3x | 9.5x | 0.4x |
| Mon, 13 Nov 2023 | ฿2.0t | ฿5.6t | ฿209.5b | 9.3x | 9.5x | 0.4x |
| Wed, 11 Oct 2023 | ฿2.0t | ฿5.6t | ฿174.2b | 9.8x | 11.6x | 0.4x |
| Fri, 08 Sep 2023 | ฿2.1t | ฿5.6t | ฿171.1b | 11.2x | 12.2x | 0.4x |
| Sun, 06 Aug 2023 | ฿2.1t | ฿5.9t | ฿255.8b | 9.6x | 8.1x | 0.4x |
| Tue, 04 Jul 2023 | ฿2.0t | ฿5.9t | ฿259.3b | 9.3x | 7.6x | 0.3x |
| Thu, 01 Jun 2023 | ฿1.8t | ฿5.9t | ฿257.9b | 9.3x | 7x | 0.3x |
| Sat, 29 Apr 2023 | ฿1.9t | ฿5.9t | ฿264.9b | 10x | 7.1x | 0.3x |
| Mon, 27 Mar 2023 | ฿1.9t | ฿5.9t | ฿265.0b | 9.7x | 7.2x | 0.3x |
| Wed, 22 Feb 2023 | ฿2.1t | ฿5.8t | ฿275.6b | 10.4x | 7.6x | 0.4x |
| Fri, 20 Jan 2023 | ฿2.2t | ฿5.6t | ฿291.5b | 10.9x | 7.4x | 0.4x |
| Sun, 18 Dec 2022 | ฿2.1t | ฿5.7t | ฿297.1b | 10.3x | 7.1x | 0.4x |
| Tue, 15 Nov 2022 | ฿2.2t | ฿5.7t | ฿303.9b | 10.7x | 7.4x | 0.4x |
| Thu, 13 Oct 2022 | ฿2.2t | ฿5.1t | ฿309.5b | 10.9x | 7x | 0.4x |
| Sat, 10 Sep 2022 | ฿2.2t | ฿5.1t | ฿305.5b | 10.5x | 7.3x | 0.4x |
| Mon, 08 Aug 2022 | ฿2.1t | ฿4.4t | ฿238.0b | 10x | 8.8x | 0.5x |
| Wed, 06 Jul 2022 | ฿2.1t | ฿4.4t | ฿223.8b | 10.1x | 9.4x | 0.5x |
| Fri, 03 Jun 2022 | ฿2.3t | ฿4.4t | ฿221.5b | 11.3x | 10.2x | 0.5x |
| Sun, 01 May 2022 | ฿2.2t | ฿3.9t | ฿210.4b | 10.9x | 10.3x | 0.6x |
Price to Earnings Ratio
10.3x
Current Industry PE
- Investors are relatively neutral on the Thai Oil and Gas 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 8.4x.
- The industry is trading close to its 3-year average PS ratio of 0.37x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 51% per year over the last three years,
- Revenues have also declined 22% 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 industry?
| TH Market | 1.49% | |
| Energy | -1.38% | |
| Oil and Gas | -1.38% | |
| Oil and Gas Storage and Transportation | 5.36% | |
| Oil and Gas Refining and Marketing | 3.94% | |
| Coal and Fuels | 1.26% | |
| Oil and Gas Exploration and Production | -0.50% | |
| Integrated Oil and Gas | -3.17% | |
Industry PE
- Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 7.4x.
- Analysts are expecting annual earnings growth of 59.9%, which is higher than its past year's earnings decline of 20.3% per year.
- Investors are most pessimistic about the Oil and Gas Exploration and Production industry, which is trading below its 3-year average of 9.0x.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 60% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings decline by 7.3% 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 | |
|---|---|---|---|---|---|
| TOP Thai Oil | ฿24.80 | 5.5% +฿2.9b | -58.0% | PE5.6x | |
| SPRC Star Petroleum Refining | ฿5.30 | 7.3% +฿1.6b | -35.8% | PE10.3x | |
| PRM Prima Marine | ฿6.00 | 7.1% +฿907.8m | -21.6% | PE6.4x | |
| IRPC IRPC | ฿0.84 | 2.4% +฿408.2m | -57.4% | PS0.05x | |
| SGP Siamgas and Petrochemicals | ฿6.90 | 3.0% +฿367.6m | -10.4% | PE9.6x |