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Thai (SET) Oil and Gas Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies25
  • 7D2.3%
  • 3M23.0%
  • 1Y21.3%
  • YTD21.8%

Over the last 7 days, the Oil and Gas industry has risen 1.6%, driven by gains from PTT Exploration and Production of 3.6%. This takes the industry's 12 month performance to a gain of 19%. As for the next few years, earnings are expected to grow by 9.5% per annum.

Industry Valuation and Performance

Has the Thai Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026฿2.0t฿4.7t฿164.0b12.4x12x0.4x
Mon, 23 Feb 2026฿2.0t฿4.7t฿164.0b12.3x11.9x0.4x
Wed, 21 Jan 2026฿1.7t฿4.8t฿144.2b10.3x12x0.4x
Fri, 19 Dec 2025฿1.6t฿4.8t฿144.9b10.1x11x0.3x
Sun, 16 Nov 2025฿1.6t฿5.0t฿138.9b10.3x11.3x0.3x
Tue, 14 Oct 2025฿1.6t฿5.2t฿123.1b9.8x13.1x0.3x
Thu, 11 Sep 2025฿1.6t฿5.2t฿121.6b10x13.5x0.3x
Sat, 09 Aug 2025฿1.7t฿5.4t฿141.5b9.7x11.8x0.3x
Mon, 07 Jul 2025฿1.5t฿5.5t฿156.4b8.6x9.9x0.3x
Wed, 04 Jun 2025฿1.5t฿5.5t฿156.8b9.5x9.6x0.3x
Fri, 02 May 2025฿1.5t฿5.6t฿176.8b8.9x8.7x0.3x
Sun, 30 Mar 2025฿1.6t฿5.6t฿178.8b8.9x9.2x0.3x
Tue, 25 Feb 2025฿1.7t฿5.6t฿186.8b9.5x9.1x0.3x
Thu, 23 Jan 2025฿1.7t฿5.7t฿203.6b8.1x8.2x0.3x
Sat, 21 Dec 2024฿1.7t฿5.7t฿205.1b9.9x8.1x0.3x
Mon, 18 Nov 2024฿1.8t฿5.7t฿205.9b12.7x8.5x0.3x
Wed, 16 Oct 2024฿1.9t฿5.7t฿268.1b7.9x6.9x0.3x
Fri, 13 Sep 2024฿1.9t฿5.7t฿269.1b8.2x7x0.3x
Sun, 11 Aug 2024฿1.9t฿5.7t฿254.7b9x7.4x0.3x
Tue, 09 Jul 2024฿2.0t฿5.6t฿243.7b9.1x8x0.4x
Thu, 06 Jun 2024฿1.9t฿5.6t฿244.4b9.2x7.9x0.3x
Sat, 04 May 2024฿2.0t฿5.5t฿240.6b11.7x8.2x0.4x
Mon, 01 Apr 2024฿2.0t฿5.5t฿241.1b12.6x8.3x0.4x
Wed, 28 Feb 2024฿2.0t฿5.5t฿239.9b12.4x8.5x0.4x
Fri, 26 Jan 2024฿2.0t฿5.4t฿214.7b10.2x9.3x0.4x
Sun, 24 Dec 2023฿2.0t฿5.4t฿212.2b10.6x9.5x0.4x
Tue, 21 Nov 2023฿2.1t฿5.4t฿213.5b10.8x9.6x0.4x
Thu, 19 Oct 2023฿2.1t฿5.6t฿173.0b10x12.1x0.4x
Sat, 16 Sep 2023฿2.1t฿5.6t฿171.5b10.6x12.1x0.4x
Mon, 14 Aug 2023฿2.1t฿5.6t฿183.4b9.7x11.6x0.4x
Wed, 12 Jul 2023฿2.0t฿5.9t฿257.8b9x7.7x0.3x
Fri, 09 Jun 2023฿1.9t฿5.9t฿258.0b9.6x7.5x0.3x
Sun, 07 May 2023฿1.9t฿5.9t฿272.5b10.2x6.8x0.3x
Tue, 04 Apr 2023฿2.0t฿5.9t฿265.6b9.9x7.6x0.3x
Price to Earnings Ratio

7.6x


Total Market Cap: ฿2.0tTotal Earnings: ฿265.6bTotal Revenue: ฿5.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Oil and Gas Industry Price to Earnings3Y Average 9.5x202420252026
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 12.0x which is higher than its 3-year average PE of 9.5x.
  • 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 15% per year over the last three years,
  • Revenues have also declined 7.2% 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 Market0.98%
Energy2.26%
Oil and Gas2.26%
Oil and Gas Exploration and Production3.57%
Oil and Gas Refining and Marketing3.21%
Integrated Oil and Gas1.47%
Oil and Gas Storage and Transportation0.80%
Coal and Fuels-0.81%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 28.1%, which is higher than its past year's earnings growth of 15.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 58% per year.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 2.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PTTEP PTT Exploration and Production฿159.503.6%
+฿21.8b
36.3%PE10.5x
PTT PTT฿34.501.5%
+฿14.2b
7.8%PE10.9x
TOP Thai Oil฿48.506.0%
+฿6.1b
94.0%PE7.4x
IRPC IRPC฿1.928.5%
+฿3.1b
104.3%PS0.1x
PRM Prima Marine฿7.901.3%
+฿222.0m
22.5%PE8.1x

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