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Thai (SET) Oil and Gas Industry Analysis
UpdatedSep 26, 2025
DataAggregated Company Financials
Companies26
- 7D0.8%
- 3M11.6%
- 1Y-10.6%
- YTD-0.7%
Over the last 7 days, the Oil and Gas industry has dropped 2.0%, driven by a pullback from Banpu of 6.2%. The industry has fallen 13% in the last year. Looking forward, earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Sep 2025 | ฿1.7t | ฿5.2t | ฿122.3b | 10.2x | 13.9x | 0.3x |
| Sun, 24 Aug 2025 | ฿1.6t | ฿5.2t | ฿122.8b | 9.9x | 13.3x | 0.3x |
| Tue, 22 Jul 2025 | ฿1.7t | ฿5.5t | ฿156.3b | 9.6x | 10.7x | 0.3x |
| Thu, 19 Jun 2025 | ฿1.6t | ฿5.5t | ฿156.9b | 9.1x | 9.9x | 0.3x |
| Sat, 17 May 2025 | ฿1.6t | ฿5.5t | ฿158.3b | 9.2x | 9.8x | 0.3x |
| Mon, 14 Apr 2025 | ฿1.5t | ฿5.6t | ฿177.6b | 8.9x | 8.7x | 0.3x |
| Wed, 12 Mar 2025 | ฿1.5t | ฿5.6t | ฿178.3b | 9.1x | 8.5x | 0.3x |
| Fri, 07 Feb 2025 | ฿1.6t | ฿5.7t | ฿204.3b | 7.6x | 8x | 0.3x |
| Sun, 05 Jan 2025 | ฿1.7t | ฿5.7t | ฿205.3b | 9.5x | 8.4x | 0.3x |
| Tue, 03 Dec 2024 | ฿1.8t | ฿5.7t | ฿205.1b | 10.2x | 8.6x | 0.3x |
| Thu, 31 Oct 2024 | ฿1.8t | ฿5.7t | ฿269.0b | 8.2x | 6.7x | 0.3x |
| Sat, 28 Sep 2024 | ฿1.9t | ฿5.7t | ฿265.7b | 8.1x | 7.1x | 0.3x |
| Mon, 26 Aug 2024 | ฿1.9t | ฿5.7t | ฿267.1b | 8.5x | 7.2x | 0.3x |
| Wed, 24 Jul 2024 | ฿1.9t | ฿5.6t | ฿243.2b | 9x | 7.7x | 0.3x |
| Fri, 21 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.5b | 9.2x | 7.8x | 0.3x |
| Sun, 19 May 2024 | ฿2.0t | ฿5.6t | ฿242.9b | 8.8x | 8.1x | 0.4x |
| Tue, 16 Apr 2024 | ฿2.1t | ฿5.5t | ฿242.1b | 12.3x | 8.5x | 0.4x |
| Thu, 14 Mar 2024 | ฿2.0t | ฿5.5t | ฿239.4b | 12.6x | 8.3x | 0.4x |
| Sat, 10 Feb 2024 | ฿2.0t | ฿5.4t | ฿220.4b | 10.6x | 9.2x | 0.4x |
| Mon, 08 Jan 2024 | ฿2.0t | ฿5.4t | ฿212.4b | 10.9x | 9.5x | 0.4x |
| Wed, 06 Dec 2023 | ฿2.0t | ฿5.4t | ฿213.7b | 10.8x | 9.4x | 0.4x |
| Fri, 03 Nov 2023 | ฿2.0t | ฿5.6t | ฿166.4b | 9.7x | 12.1x | 0.4x |
| Sun, 01 Oct 2023 | ฿2.1t | ฿5.6t | ฿173.8b | 10.1x | 11.9x | 0.4x |
| Tue, 29 Aug 2023 | ฿2.1t | ฿5.6t | ฿170.1b | 10.8x | 12.4x | 0.4x |
| Thu, 27 Jul 2023 | ฿2.1t | ฿5.9t | ฿256.3b | 9x | 8.1x | 0.3x |
| Sat, 24 Jun 2023 | ฿1.9t | ฿5.9t | ฿259.3b | 9.6x | 7.4x | 0.3x |
| Mon, 22 May 2023 | ฿1.9t | ฿5.9t | ฿256.5b | 9.4x | 7.3x | 0.3x |
| Wed, 19 Apr 2023 | ฿2.0t | ฿5.9t | ฿265.3b | 9.8x | 7.4x | 0.3x |
| Fri, 17 Mar 2023 | ฿1.8t | ฿5.9t | ฿265.6b | 9.3x | 6.9x | 0.3x |
| Sun, 12 Feb 2023 | ฿2.1t | ฿5.6t | ฿284.3b | 10.1x | 7.3x | 0.4x |
| Tue, 10 Jan 2023 | ฿2.1t | ฿5.6t | ฿292.7b | 10.5x | 7.2x | 0.4x |
| Thu, 08 Dec 2022 | ฿2.1t | ฿5.7t | ฿297.7b | 10.4x | 7.2x | 0.4x |
| Sat, 05 Nov 2022 | ฿2.3t | ฿5.2t | ฿323.5b | 10.8x | 7.2x | 0.5x |
| Mon, 03 Oct 2022 | ฿2.1t | ฿5.1t | ฿308.6b | 11.1x | 6.8x | 0.4x |
Price to Earnings Ratio
6.8x
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 13.7x which is higher than its 3-year average PE of 8.7x.
- The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 27% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | -0.70% | |
| Energy | 0.75% | |
| Oil and Gas | 0.75% | |
| Oil and Gas Exploration and Production | 2.61% | |
| Integrated Oil and Gas | 0.76% | |
| Oil and Gas Storage and Transportation | -0.66% | |
| Oil and Gas Refining and Marketing | -1.52% | |
| Coal and Fuels | -5.28% | |
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 11.5x.
- Analysts expect its future annual earnings growth (8.8%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 82% over the next 5 years.
- This is better than its past earnings decline of 41% 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 | |
|---|---|---|---|---|---|
| PTTEP PTT Exploration and Production | ฿118.00 | 2.6% +฿11.9b | -10.6% | PE7.5x | |
| PRM Prima Marine | ฿7.05 | 3.7% +฿555.0m | -16.1% | PE7.5x | |
| BSRC Bangchak Sriracha | ฿4.54 | 1.3% +฿207.7m | -49.0% | PS0.07x | |
| BBGI BBGI | ฿3.04 | 0.7% +฿28.9m | -53.9% | PE30.5x | |
| ABM Asia Biomass | ฿0.87 | 3.6% +฿20.8m | -31.0% | PS0.2x |