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Thai (SET) Oil and Gas Industry Analysis
UpdatedJun 01, 2025
DataAggregated Company Financials
Companies26
- 7D-2.2%
- 3M-5.3%
- 1Y-22.2%
- YTD-11.8%
Over the last 7 days, the Oil and Gas industry has dropped 2.2%, driven by PTT declining 2.5%. Overall the industry is down 22% in 12 months. Earnings are forecast to grow by 9.0% 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, 01 Jun 2025 | ฿1.5t | ฿5.5t | ฿157.3b | 9.5x | 9.6x | 0.3x |
| Tue, 29 Apr 2025 | ฿1.5t | ฿5.6t | ฿176.8b | 8.7x | 8.7x | 0.3x |
| Thu, 27 Mar 2025 | ฿1.7t | ฿5.6t | ฿178.8b | 9x | 9.4x | 0.3x |
| Sat, 22 Feb 2025 | ฿1.7t | ฿5.6t | ฿187.5b | 9.4x | 9.1x | 0.3x |
| Mon, 20 Jan 2025 | ฿1.7t | ฿5.7t | ฿205.1b | 8.2x | 8.2x | 0.3x |
| Wed, 18 Dec 2024 | ฿1.7t | ฿5.7t | ฿204.6b | 9.5x | 8.4x | 0.3x |
| Fri, 15 Nov 2024 | ฿1.8t | ฿5.8t | ฿215.8b | 10.5x | 8.2x | 0.3x |
| Sun, 13 Oct 2024 | ฿1.9t | ฿5.7t | ฿267.6b | 8.1x | 7.1x | 0.3x |
| Tue, 10 Sep 2024 | ฿2.0t | ฿5.7t | ฿269.7b | 8.4x | 7.3x | 0.3x |
| Thu, 08 Aug 2024 | ฿1.8t | ฿5.6t | ฿246.6b | 9x | 7.5x | 0.3x |
| Sat, 06 Jul 2024 | ฿2.0t | ฿5.6t | ฿244.0b | 9.2x | 8x | 0.4x |
| Mon, 03 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.7b | 9.3x | 8x | 0.3x |
| Wed, 01 May 2024 | ฿2.0t | ฿5.5t | ฿241.2b | 11.6x | 8.3x | 0.4x |
| Fri, 29 Mar 2024 | ฿2.0t | ฿5.5t | ฿241.4b | 12.5x | 8.2x | 0.4x |
| Sun, 25 Feb 2024 | ฿2.1t | ฿5.5t | ฿240.2b | 12.2x | 8.6x | 0.4x |
| Tue, 23 Jan 2024 | ฿2.0t | ฿5.4t | ฿214.6b | 10.4x | 9.2x | 0.4x |
| Thu, 21 Dec 2023 | ฿2.0t | ฿5.4t | ฿213.0b | 10.4x | 9.5x | 0.4x |
| Sat, 18 Nov 2023 | ฿2.0t | ฿5.4t | ฿213.4b | 10.8x | 9.5x | 0.4x |
| Mon, 16 Oct 2023 | ฿2.1t | ฿5.6t | ฿172.9b | 10.1x | 11.9x | 0.4x |
| Wed, 13 Sep 2023 | ฿2.1t | ฿5.6t | ฿171.2b | 10.9x | 12.1x | 0.4x |
| Fri, 11 Aug 2023 | ฿2.1t | ฿5.8t | ฿219.1b | 9.8x | 9.7x | 0.4x |
| Sun, 09 Jul 2023 | ฿2.0t | ฿5.9t | ฿259.0b | 9.2x | 7.6x | 0.3x |
| Tue, 06 Jun 2023 | ฿1.8t | ฿5.9t | ฿257.9b | 9.1x | 7.1x | 0.3x |
| Thu, 04 May 2023 | ฿1.9t | ฿5.9t | ฿273.2b | 10.2x | 6.8x | 0.3x |
| Sat, 01 Apr 2023 | ฿2.0t | ฿5.9t | ฿265.0b | 9.8x | 7.4x | 0.3x |
| Mon, 27 Feb 2023 | ฿2.0t | ฿5.9t | ฿269.9b | 9.1x | 7.5x | 0.3x |
| Wed, 25 Jan 2023 | ฿2.2t | ฿5.6t | ฿290.6b | 11x | 7.4x | 0.4x |
| Fri, 23 Dec 2022 | ฿2.1t | ฿5.7t | ฿296.6b | 10.2x | 7.1x | 0.4x |
| Sun, 20 Nov 2022 | ฿2.2t | ฿5.6t | ฿302.6b | 10.9x | 7.3x | 0.4x |
| Tue, 18 Oct 2022 | ฿2.2t | ฿5.1t | ฿309.9b | 10.9x | 7x | 0.4x |
| Thu, 15 Sep 2022 | ฿2.2t | ฿5.1t | ฿305.6b | 10.8x | 7.3x | 0.4x |
| Sat, 13 Aug 2022 | ฿2.2t | ฿4.5t | ฿259.8b | 10.3x | 8.4x | 0.5x |
| Mon, 11 Jul 2022 | ฿2.1t | ฿4.4t | ฿224.1b | 10x | 9.3x | 0.5x |
| Wed, 08 Jun 2022 | ฿2.3t | ฿4.4t | ฿221.6b | 11.1x | 10.3x | 0.5x |
Price to Earnings Ratio
10.3x
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 9.6x 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 0.36x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.8% 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 industry?
| TH Market | -2.34% | |
| Energy | -2.16% | |
| Oil and Gas | -2.16% | |
| Oil and Gas Refining and Marketing | 0.62% | |
| Oil and Gas Storage and Transportation | -1.15% | |
| Coal and Fuels | -1.74% | |
| Integrated Oil and Gas | -2.46% | |
| Oil and Gas Exploration and Production | -2.97% | |
Industry PE
- Investors are most optimistic about the Integrated Oil and Gas industry, which is trading close to its 3-year average PE ratio of 9.4x.
- Analysts are expecting annual earnings growth of 5.8%, which is higher than its past year's earnings decline of 25.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 65% over the next 5 years.
- This is better than its past earnings decline of 30% 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 | ฿29.75 | 4.4% +฿2.8b | -42.5% | PE8.7x | |
| SPRC Star Petroleum Refining | ฿5.70 | 2.7% +฿650.4m | -32.5% | PS0.09x | |
| SGP Siamgas and Petrochemicals | ฿6.85 | 0.7% +฿91.9m | -4.2% | PE15.6x | |
| PSTC Power Solution Technologies | ฿0.44 | 4.8% +฿69.3m | -13.7% | PS0.9x | |
| TAE Thai Agro Energy | ฿0.63 | 5.0% +฿30.0m | -33.7% | PE24.2x |