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Thai (SET) Oil and Gas Industry Analysis
UpdatedMar 14, 2025
DataAggregated Company Financials
Companies26
- 7D-4.4%
- 3M-14.4%
- 1Y-27.5%
- YTD-14.1%
Over the last 7 days, the Oil and Gas industry has dropped 7.8%, driven by a pullback from PTT of 8.4%. The industry has fallen 26% 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 |
|---|---|---|---|---|---|---|
| Fri, 14 Mar 2025 | ฿1.5t | ฿5.6t | ฿178.4b | 8.6x | 8.3x | 0.3x |
| Sun, 09 Feb 2025 | ฿1.7t | ฿5.7t | ฿204.6b | 7.7x | 8.1x | 0.3x |
| Tue, 07 Jan 2025 | ฿1.7t | ฿5.7t | ฿205.0b | 9.2x | 8.4x | 0.3x |
| Thu, 05 Dec 2024 | ฿1.8t | ฿5.7t | ฿204.8b | 10.2x | 8.7x | 0.3x |
| Sat, 02 Nov 2024 | ฿1.8t | ฿5.7t | ฿269.4b | 8.3x | 6.8x | 0.3x |
| Mon, 30 Sep 2024 | ฿1.9t | ฿5.7t | ฿265.7b | 8.1x | 7.1x | 0.3x |
| Wed, 28 Aug 2024 | ฿1.9t | ฿5.7t | ฿267.5b | 8.8x | 7.3x | 0.3x |
| Fri, 26 Jul 2024 | ฿1.8t | ฿5.6t | ฿243.3b | 9.1x | 7.6x | 0.3x |
| Sun, 23 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.5b | 9.2x | 7.8x | 0.3x |
| Tue, 21 May 2024 | ฿2.0t | ฿5.6t | ฿242.8b | 8.7x | 8.3x | 0.4x |
| Thu, 18 Apr 2024 | ฿2.1t | ฿5.5t | ฿242.3b | 12.1x | 8.6x | 0.4x |
| Sat, 16 Mar 2024 | ฿2.0t | ฿5.5t | ฿239.7b | 12.6x | 8.5x | 0.4x |
| Mon, 12 Feb 2024 | ฿2.0t | ฿5.4t | ฿220.4b | 10.6x | 9.2x | 0.4x |
| Wed, 10 Jan 2024 | ฿2.0t | ฿5.4t | ฿213.1b | 10.8x | 9.5x | 0.4x |
| Fri, 08 Dec 2023 | ฿2.0t | ฿5.4t | ฿213.6b | 10.5x | 9.3x | 0.4x |
| Sun, 05 Nov 2023 | ฿2.0t | ฿5.6t | ฿165.3b | 9.9x | 12.4x | 0.4x |
| Tue, 03 Oct 2023 | ฿2.0t | ฿5.6t | ฿174.9b | 10x | 11.7x | 0.4x |
| Thu, 31 Aug 2023 | ฿2.1t | ฿5.6t | ฿169.6b | 10.9x | 12.4x | 0.4x |
| Sat, 29 Jul 2023 | ฿2.1t | ฿5.9t | ฿256.2b | 9.2x | 8x | 0.3x |
| Mon, 26 Jun 2023 | ฿1.9t | ฿5.9t | ฿259.4b | 9.6x | 7.4x | 0.3x |
| Wed, 24 May 2023 | ฿1.9t | ฿5.9t | ฿257.7b | 9.5x | 7.4x | 0.3x |
| Fri, 21 Apr 2023 | ฿1.9t | ฿5.9t | ฿265.5b | 9.5x | 7.2x | 0.3x |
| Sun, 19 Mar 2023 | ฿1.9t | ฿5.9t | ฿264.7b | 9.4x | 7.1x | 0.3x |
| Tue, 14 Feb 2023 | ฿2.1t | ฿5.6t | ฿284.7b | 10.1x | 7.3x | 0.4x |
| Thu, 12 Jan 2023 | ฿2.1t | ฿5.6t | ฿292.3b | 10.4x | 7.3x | 0.4x |
| Sat, 10 Dec 2022 | ฿2.1t | ฿5.7t | ฿296.6b | 10.3x | 7.1x | 0.4x |
| Mon, 07 Nov 2022 | ฿2.3t | ฿5.2t | ฿321.7b | 10.8x | 7.3x | 0.5x |
| Wed, 05 Oct 2022 | ฿2.1t | ฿5.1t | ฿308.8b | 11.4x | 6.9x | 0.4x |
| Fri, 02 Sep 2022 | ฿2.2t | ฿5.1t | ฿305.6b | 10.4x | 7.3x | 0.4x |
| Sun, 31 Jul 2022 | ฿2.1t | ฿4.4t | ฿224.9b | 9.9x | 9.4x | 0.5x |
| Tue, 28 Jun 2022 | ฿2.1t | ฿4.4t | ฿223.4b | 10.6x | 9.3x | 0.5x |
| Thu, 26 May 2022 | ฿2.2t | ฿4.4t | ฿221.1b | 11x | 9.8x | 0.5x |
| Sat, 23 Apr 2022 | ฿2.1t | ฿3.9t | ฿212.9b | 11.4x | 10x | 0.5x |
| Mon, 21 Mar 2022 | ฿2.2t | ฿3.9t | ฿212.0b | 10.7x | 10.2x | 0.6x |
Price to Earnings Ratio
10.2x
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 8.5x.
- The industry is trading close to its 3-year average PS ratio of 0.38x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 5.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 13% 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 | -2.52% | |
| Energy | -4.40% | |
| Oil and Gas | -4.40% | |
| Oil and Gas Exploration and Production | 2.84% | |
| Oil and Gas Storage and Transportation | -1.79% | |
| Coal and Fuels | -1.80% | |
| Oil and Gas Refining and Marketing | -3.69% | |
| Integrated Oil and Gas | -8.40% | |
Industry PE
- Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 5.3x.
- Analysts are expecting annual earnings growth of 50.6%, 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 9.3x.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 51% 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 8.1% 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 | ฿108.50 | 2.8% +฿11.9b | -29.1% | PE5.7x | |
| IRPC IRPC | ฿0.93 | 3.3% +฿612.3m | -53.0% | PS0.06x | |
| SGP Siamgas and Petrochemicals | ฿6.70 | 1.5% +฿183.8m | -15.2% | PE9.3x | |
| AIE AI Energy | ฿1.36 | 6.3% +฿110.7m | -1.4% | PE7.8x | |
| LANNA Lanna Resources | ฿17.00 | 0.6% +฿52.5m | 9.0% | PE5.4x |