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Thai (SET) Financials Sector Analysis

UpdatedFeb 18, 2025
DataAggregated Company Financials
Companies79
  • 7D0.1%
  • 3M2.0%
  • 1Y6.2%
  • YTD1.3%

Over the last 7 days, the Financials industry has dropped 2.0%, driven by SCB X declining 3.2%. In contrast, Muangthai Capital has gained 8.1%. In the past year, the industry has gained 4.4%. As for the next few years, earnings are expected to grow by 6.2% per annum.

Sector Valuation and Performance

Has the Thai Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Feb 2025฿2.9t฿1.2t฿307.0b11.1x9.4x2.4x
Thu, 16 Jan 2025฿2.9t฿1.2t฿298.8b11.1x9.6x2.4x
Sat, 14 Dec 2024฿2.9t฿1.2t฿298.7b12.1x9.6x2.4x
Mon, 11 Nov 2024฿2.8t฿1.2t฿301.5b13.2x9.4x2.4x
Wed, 09 Oct 2024฿2.9t฿1.2t฿296.9b13x9.8x2.5x
Fri, 06 Sep 2024฿2.7t฿1.2t฿296.9b12.5x9.3x2.3x
Sun, 04 Aug 2024฿2.5t฿1.2t฿298.3b10.5x8.4x2.1x
Tue, 02 Jul 2024฿2.6t฿1.2t฿297.4b11.3x8.6x2.2x
Thu, 30 May 2024฿2.7t฿1.2t฿299.9b12.1x9x2.3x
Sat, 27 Apr 2024฿2.7t฿1.2t฿299.3b13.2x9x2.3x
Mon, 25 Mar 2024฿2.7t฿1.1t฿292.7b13.6x9.3x2.4x
Wed, 21 Feb 2024฿2.7t฿1.1t฿293.8b12.1x9x2.3x
Fri, 19 Jan 2024฿2.6t฿1.1t฿280.5b11.9x9.2x2.3x
Sun, 17 Dec 2023฿2.7t฿1.1t฿282.0b11.9x9.4x2.4x
Tue, 14 Nov 2023฿2.7t฿1.1t฿282.1b12.5x9.5x2.4x
Thu, 12 Oct 2023฿2.8t฿1.1t฿276.9b13.1x10.3x2.6x
Sat, 09 Sep 2023฿3.0t฿1.1t฿277.0b13.8x10.7x2.7x
Mon, 07 Aug 2023฿2.9t฿1.1t฿278.9b12.7x10.2x2.6x
Wed, 05 Jul 2023฿2.9t฿1.1t฿270.5b13x10.8x2.7x
Fri, 02 Jun 2023฿3.0t฿1.1t฿270.5b13.3x10.9x2.7x
Sun, 30 Apr 2023฿2.8t฿1.1t฿240.2b12.4x11.8x2.6x
Tue, 28 Mar 2023฿2.8t฿1.1t฿233.3b13.1x12.2x2.7x
Thu, 23 Feb 2023฿3.0t฿1.0t฿227.7b14.3x13.1x2.9x
Sat, 21 Jan 2023฿3.1t฿1.0t฿228.0b13.8x13.4x3x
Mon, 19 Dec 2022฿3.0t฿1.0t฿235.0b13.3x12.9x2.9x
Wed, 16 Nov 2022฿3.0t฿1.0t฿231.2b13.4x13x2.9x
Fri, 14 Oct 2022฿2.9t฿1.0t฿211.0b12.9x13.9x2.9x
Sun, 11 Sep 2022฿3.1t฿1.0t฿210.6b13.7x14.6x3.1x
Tue, 09 Aug 2022฿3.0t฿1.0t฿213.4b12.9x14.2x3x
Thu, 07 Jul 2022฿2.7t฿889.3b฿203.9b11.9x13.3x3.1x
Sat, 04 Jun 2022฿2.9t฿889.3b฿204.0b13.3x14.2x3.3x
Mon, 02 May 2022฿2.9t฿882.3b฿234.1b14.3x12.6x3.3x
Wed, 30 Mar 2022฿3.0t฿877.3b฿229.1b14.1x12.9x3.4x
Fri, 25 Feb 2022฿3.0t฿876.2b฿230.7b14.7x13.1x3.4x
Price to Earnings Ratio

13.1x


Total Market Cap: ฿3.0tTotal Earnings: ฿230.7bTotal Revenue: ฿876.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Financials Sector Price to Earnings3Y Average 11x202320242025
Current Industry PE
  • Investors are pessimistic on the Thai Financials 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 9.2x which is lower than its 3-year average PE of 11.0x.
  • The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 9.9% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Thai Financials sector?

TH Market-1.06%
Financials0.14%
Consumer Finance4.99%
Diversified Financial3.13%
Insurance2.01%
Capital Markets0.58%
Mortgage Finance0%0
Mortgage REITs0%0
Banks-1.15%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 29.1x.
    • Analysts are expecting annual earnings growth of 71.4%, which is higher than its past year's earnings growth of 3.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 81% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 4.5% 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
KBANK Kasikornbank฿162.502.8%
+฿10.7b
33.7%PB0.7x
KTB Krung Thai Bank฿23.802.1%
+฿7.0b
48.8%PB0.7x
MTC Muangthai Capital฿47.256.8%
+฿6.4b
8.6%PE17.6x
BBL Bangkok Bank฿156.002.0%
+฿5.7b
9.9%PB0.5x
TTB TMBThanachart Bank฿1.992.6%
+฿4.9b
5.9%PB0.8x
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Latest News

TLI

฿11.30

Thai Life Insurance

7D

1.8%

1Y

33.7%

ASK

฿7.20

Asia Sermkij Leasing

7D

-8.9%

1Y

-60.2%

SGC

฿0.89

SG Capital

7D

-2.2%

1Y

-32.6%

KBANK

฿162.50

Kasikornbank

7D

2.8%

1Y

33.7%

TTB

฿1.99

TMBThanachart Bank

7D

2.6%

1Y

5.9%

KTB

฿23.80

Krung Thai Bank

7D

2.1%

1Y

48.8%

CIMBT

฿0.54

CIMB Thai Bank

7D

-1.8%

1Y

-8.5%

BBL

฿156.00

Bangkok Bank

7D

2.0%

1Y

9.9%

KKP

฿52.50

Kiatnakin Phatra Bank

7D

2.9%

1Y

7.7%

TGH

฿12.80

Thai Group Holdings

7D

-0.8%

1Y

-22.0%

INSURE

฿73.00

Indara Insurance

7D

-7.6%

1Y

-29.5%

CREDIT

฿18.40

Thai Credit Bank

7D

-2.6%

1Y

-36.0%

CGH

฿0.49

Country Group Holdings

7D

-5.8%

1Y

-27.9%

SAWAD

฿38.75

Srisawad Corporation

7D

4.0%

1Y

5.9%

AMANAH

฿0.73

Amanah Leasing

7D

-15.1%

1Y

-61.4%