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Thai (SET) Oil and Gas Refining and Marketing Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies11
  • 7D3.0%
  • 3M38.4%
  • 1Y42.9%
  • YTDn/a

In the last week, the Oil and Gas Refining and Marketing industry is up 4.1%, with IRPC up 20%. During this same period, the Star Petroleum Refining underperformed, falling 8.1%. This takes the industry's 12 month performance to a gain of 36%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026฿245.7b฿1.4t฿16.8b19.8x14.6x0.2x
Sun, 22 Feb 2026฿246.7b฿1.4t฿16.9b16.6x14.6x0.2x
Tue, 20 Jan 2026฿197.6b฿1.5t฿13.8b10.5x14.4x0.1x
Thu, 18 Dec 2025฿175.0b฿1.5t฿13.8b10.6x12.7x0.1x
Sat, 15 Nov 2025฿191.0b฿1.7t฿7.5b9.6x25.4x0.1x
Mon, 13 Oct 2025฿189.4b฿1.8t-฿9,438,075,602.009.6x-20.1x0.1x
Wed, 10 Sep 2025฿195.0b฿1.8t-฿9,438,075,602.009.8x-20.7x0.1x
Fri, 08 Aug 2025฿197.2b฿1.9t-฿3,177,255,741.009.8x-62.1x0.1x
Sun, 06 Jul 2025฿170.5b฿1.9t-฿822,675,741.008.9x-207.3x0.09x
Tue, 03 Jun 2025฿189.0b฿1.9t-฿822,675,741.009.7x-229.7x0.1x
Thu, 01 May 2025฿182.8b฿1.9t฿8.4b8.9x21.7x0.1x
Sat, 29 Mar 2025฿185.3b฿1.9t฿8.4b9.8x22x0.1x
Mon, 24 Feb 2025฿184.6b฿1.9t฿8.4b10.6x21.9x0.1x
Wed, 22 Jan 2025฿192.1b฿1.9t฿1.8b10.6x107.3x0.1x
Fri, 20 Dec 2024฿215.6b฿1.9t฿1.8b11.5x120.4x0.1x
Sun, 17 Nov 2024฿227.2b฿1.9t฿1.6b14.9x142.5x0.1x
Tue, 15 Oct 2024฿275.7b฿1.9t฿48.8b12.8x5.7x0.1x
Thu, 12 Sep 2024฿280.2b฿1.9t฿48.8b12.9x5.7x0.1x
Sat, 10 Aug 2024฿259.5b฿1.9t฿47.4b16.8x5.5x0.1x
Mon, 08 Jul 2024฿303.6b฿1.7t฿38.1b19.2x8x0.2x
Wed, 05 Jun 2024฿290.3b฿1.7t฿38.2b23.5x7.6x0.2x
Fri, 03 May 2024฿298.7b฿1.7t฿31.5b23.8x9.5x0.2x
Sun, 31 Mar 2024฿329.4b฿1.7t฿31.5b24.6x10.4x0.2x
Tue, 27 Feb 2024฿323.8b฿1.7t฿31.5b25.9x10.3x0.2x
Thu, 25 Jan 2024฿299.8b฿1.6t฿31.7b10.9x9.5x0.2x
Sat, 23 Dec 2023฿309.3b฿1.6t฿31.7b10.8x9.8x0.2x
Mon, 20 Nov 2023฿298.8b฿1.6t฿31.7b11.6x9.4x0.2x
Wed, 18 Oct 2023฿300.7b฿1.6t-฿9,905,345,903.0014.7x-30.4x0.2x
Fri, 15 Sep 2023฿305.1b฿1.6t-฿9,905,345,903.0015x-30.8x0.2x
Sun, 13 Aug 2023฿317.8b฿1.6t-฿9,724,658,903.0020.7x-32.7x0.2x
Tue, 11 Jul 2023฿287.3b฿1.8t฿43.4b8.8x6.6x0.2x
Thu, 08 Jun 2023฿282.1b฿1.8t฿43.3b9.8x6.5x0.2x
Sat, 06 May 2023฿287.8b฿1.7t฿58.3b7.8x4.9x0.2x
Mon, 03 Apr 2023฿319.1b฿1.7t฿58.3b8.8x5.5x0.2x
Price to Earnings Ratio

5.5x


Total Market Cap: ฿319.1bTotal Earnings: ฿58.3bTotal Revenue: ฿1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Oil and Gas Refining and Marketing Industry Price to Earnings3Y Average -5.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Thai Oil and Gas Refining and Marketing industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 14.1x which is higher than its 3-year average PE of -5.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.15x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Refining and Marketing industry have declined 34% per year over the last three years,
  • Revenues have also declined 6.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Thai Oil and Gas Refining and Marketing compare with similar industries?

TH Market1.17%
Energy2.57%
Oil and Gas2.57%
Oil and Gas Refining and Marketing3.04%
Oil and Gas Exploration and Production3.06%
Integrated Oil and Gas2.24%
Coal and Fuels2.08%
Oil and Gas Storage and Transportation1.16%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
IRPC IRPC฿1.9028.4%
+฿8.6b
100.0%PS0.1x
TOP Thai Oil฿48.254.9%
+฿5.0b
89.2%PE7.4x
TAE Thai Agro Energy฿1.2751.2%
+฿430.0m
64.9%PS0.6x
UBE Ubon Bio Ethanol฿0.8012.7%
+฿352.3m
53.8%PS0.6x
RPC RPCG฿0.4240.0%
+฿156.6m
55.6%PS0.07x

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