Have your own idea? Try our Stock Screener
Thai (SET) Oil and Gas Industry Analysis
UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies25
- 7D3.9%
- 3M17.5%
- 1Y11.9%
- YTD12.5%
The Oil and Gas industry is up 3.9% in the last week, with PTT up 3.7%. In the last 12 months, the industry was up 12%. Looking forward, earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Sun, 08 Feb 2026 | ฿1.8t | ฿4.8t | ฿145.0b | 10.2x | 12.6x | 0.4x |
| Tue, 06 Jan 2026 | ฿1.6t | ฿4.8t | ฿144.6b | 10.1x | 11.2x | 0.3x |
| Thu, 04 Dec 2025 | ฿1.6t | ฿4.8t | ฿145.7b | 10.1x | 10.9x | 0.3x |
| Sat, 01 Nov 2025 | ฿1.6t | ฿5.2t | ฿118.8b | 9.7x | 13.3x | 0.3x |
| Mon, 29 Sep 2025 | ฿1.7t | ฿5.2t | ฿122.5b | 10.2x | 13.9x | 0.3x |
| Wed, 27 Aug 2025 | ฿1.6t | ฿5.2t | ฿123.0b | 10x | 13.3x | 0.3x |
| Fri, 25 Jul 2025 | ฿1.6t | ฿5.5t | ฿156.2b | 9.7x | 10.6x | 0.3x |
| Sun, 22 Jun 2025 | ฿1.5t | ฿5.5t | ฿157.2b | 8.7x | 9.8x | 0.3x |
| Tue, 20 May 2025 | ฿1.5t | ฿5.5t | ฿157.8b | 9.8x | 9.8x | 0.3x |
| Thu, 17 Apr 2025 | ฿1.5t | ฿5.6t | ฿177.1b | 8.6x | 8.7x | 0.3x |
| Sat, 15 Mar 2025 | ฿1.5t | ฿5.6t | ฿178.0b | 9.2x | 8.7x | 0.3x |
| Mon, 10 Feb 2025 | ฿1.7t | ฿5.7t | ฿204.6b | 7.7x | 8.1x | 0.3x |
| Wed, 08 Jan 2025 | ฿1.7t | ฿5.7t | ฿205.2b | 9.5x | 8.3x | 0.3x |
| Fri, 06 Dec 2024 | ฿1.8t | ฿5.7t | ฿204.3b | 10.2x | 8.7x | 0.3x |
| Sun, 03 Nov 2024 | ฿1.8t | ฿5.7t | ฿269.6b | 8.3x | 6.8x | 0.3x |
| Tue, 01 Oct 2024 | ฿1.9t | ฿5.7t | ฿265.3b | 8.3x | 7.2x | 0.3x |
| Thu, 29 Aug 2024 | ฿1.9t | ฿5.7t | ฿267.3b | 8.7x | 7.1x | 0.3x |
| Sat, 27 Jul 2024 | ฿1.9t | ฿5.6t | ฿242.8b | 9.1x | 7.6x | 0.3x |
| Mon, 24 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.5b | 9.2x | 7.8x | 0.3x |
| Wed, 22 May 2024 | ฿2.0t | ฿5.6t | ฿243.4b | 8.8x | 8.1x | 0.4x |
| Fri, 19 Apr 2024 | ฿2.0t | ฿5.5t | ฿242.2b | 12.1x | 8.4x | 0.4x |
| Sun, 17 Mar 2024 | ฿2.0t | ฿5.5t | ฿240.0b | 12.6x | 8.5x | 0.4x |
| Tue, 13 Feb 2024 | ฿2.0t | ฿5.4t | ฿220.3b | 10.6x | 9.2x | 0.4x |
| Thu, 11 Jan 2024 | ฿2.0t | ฿5.4t | ฿213.2b | 10.8x | 9.4x | 0.4x |
| Sat, 09 Dec 2023 | ฿2.0t | ฿5.4t | ฿213.9b | 10.4x | 9.3x | 0.4x |
| Mon, 06 Nov 2023 | ฿2.0t | ฿5.6t | ฿165.3b | 9.9x | 12.4x | 0.4x |
| Wed, 04 Oct 2023 | ฿2.0t | ฿5.6t | ฿174.8b | 9.8x | 11.7x | 0.4x |
| Fri, 01 Sep 2023 | ฿2.1t | ฿5.6t | ฿169.3b | 10.8x | 12.2x | 0.4x |
| Sun, 30 Jul 2023 | ฿2.1t | ฿5.9t | ฿256.2b | 9.2x | 8x | 0.3x |
| Tue, 27 Jun 2023 | ฿1.9t | ฿5.9t | ฿259.2b | 9.6x | 7.3x | 0.3x |
| Thu, 25 May 2023 | ฿1.9t | ฿5.9t | ฿257.2b | 9.5x | 7.4x | 0.3x |
| Sat, 22 Apr 2023 | ฿1.9t | ฿5.9t | ฿265.6b | 9.6x | 7.2x | 0.3x |
| Mon, 20 Mar 2023 | ฿1.9t | ฿5.9t | ฿264.7b | 9.4x | 7.1x | 0.3x |
| Wed, 15 Feb 2023 | ฿2.1t | ฿5.6t | ฿284.7b | 9.9x | 7.3x | 0.4x |
Price to Earnings Ratio
7.3x
Current Industry PE
- Investors are optimistic on the Thai Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.6x which is higher than its 3-year average PE of 9.3x.
- The industry is trading close to its 3-year average PS ratio of 0.33x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 20% per year over the last three years,
- Revenues have also declined 5.1% 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 | 2.13% | |
| Energy | 3.94% | |
| Oil and Gas | 3.94% | |
| Oil and Gas Refining and Marketing | 8.11% | |
| Integrated Oil and Gas | 3.68% | |
| Oil and Gas Exploration and Production | 3.67% | |
| Coal and Fuels | -0.86% | |
| Oil and Gas Storage and Transportation | -0.92% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 12.2x.
- Analysts are expecting annual earnings growth of 3.7%, which is higher than its past year's earnings decline of 6.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 92% over the next 5 years.
- This is better than its past earnings decline of 53% per year.
- In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings growth to stay flat 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 | ฿35.25 | 3.7% +฿35.7b | 14.6% | PE13.7x | |
| PTTEP PTT Exploration and Production | ฿127.00 | 3.7% +฿17.9b | 1.2% | PE8.8x | |
| TOP Thai Oil | ฿47.75 | 11.7% +฿11.2b | 94.9% | PE7.2x | |
| BCP Bangchak Corporation | ฿32.50 | 7.4% +฿3.3b | -9.1% | PE73.1x | |
| SPRC Star Petroleum Refining | ฿7.15 | 5.9% +฿1.7b | 40.2% | PE18.9x |