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Thai (SET) Banks Industry Analysis

UpdatedMar 13, 2025
DataAggregated Company Financials
Companies13
  • 7D0.05%
  • 3M1.2%
  • 1Y9.9%
  • YTD1.7%

Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 9.9% in that time. Looking forward, earnings are forecast to grow by 4.4% annually.

Industry Valuation and Performance

Has the Thai Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Mar 2025฿2.0t฿787.3b฿258.7b7.8x7.7x2.5x
Sat, 08 Feb 2025฿2.1t฿788.9b฿258.4b7.7x8x2.6x
Mon, 06 Jan 2025฿2.0t฿775.7b฿250.6b8.1x7.9x2.5x
Wed, 04 Dec 2024฿1.9t฿775.7b฿250.6b8.1x7.8x2.5x
Fri, 01 Nov 2024฿1.9t฿776.1b฿250.7b8.5x7.7x2.5x
Sun, 29 Sep 2024฿2.0t฿767.2b฿246.4b8.6x7.9x2.5x
Tue, 27 Aug 2024฿1.9t฿767.2b฿246.4b8.1x7.6x2.4x
Thu, 25 Jul 2024฿1.7t฿767.0b฿246.4b7.3x7x2.2x
Sat, 22 Jun 2024฿1.7t฿759.9b฿245.1b7.6x7.1x2.3x
Mon, 20 May 2024฿1.8t฿759.8b฿245.1b8.5x7.4x2.4x
Wed, 17 Apr 2024฿1.9t฿744.9b฿242.2b8.6x7.7x2.5x
Fri, 15 Mar 2024฿1.8t฿735.5b฿238.6b8.2x7.5x2.4x
Sun, 11 Feb 2024฿1.7t฿736.1b฿238.3b8x7.2x2.3x
Tue, 09 Jan 2024฿1.8t฿716.6b฿228.6b8.6x7.9x2.5x
Thu, 07 Dec 2023฿1.8t฿716.6b฿228.6b8.3x7.7x2.4x
Sat, 04 Nov 2023฿1.8t฿716.3b฿228.1b8.7x8x2.5x
Mon, 02 Oct 2023฿1.8t฿698.0b฿222.4b8.7x8.3x2.6x
Wed, 30 Aug 2023฿2.0t฿698.0b฿222.4b9.2x8.8x2.8x
Fri, 28 Jul 2023฿1.9t฿698.2b฿222.4b9.1x8.6x2.7x
Sun, 25 Jun 2023฿1.9t฿674.2b฿213.4b9.4x8.7x2.8x
Tue, 23 May 2023฿1.8t฿674.2b฿213.4b9x8.5x2.7x
Thu, 20 Apr 2023฿1.8t฿653.7b฿205.8b9x8.6x2.7x
Sat, 18 Mar 2023฿1.8t฿653.7b฿205.8b9.1x8.5x2.7x
Mon, 13 Feb 2023฿1.8t฿645.5b฿205.1b8.9x9x2.8x
Wed, 11 Jan 2023฿1.9t฿645.4b฿207.9b8.7x9.3x3x
Fri, 09 Dec 2022฿1.8t฿651.3b฿215.2b8.1x8.4x2.8x
Sun, 06 Nov 2022฿1.8t฿643.1b฿207.2b8.3x8.8x2.9x
Tue, 04 Oct 2022฿1.7t฿622.4b฿196.7b8.5x8.8x2.8x
Thu, 01 Sep 2022฿1.8t฿622.4b฿196.7b9x9.3x2.9x
Sat, 30 Jul 2022฿1.7t฿621.7b฿196.1b8.5x8.8x2.8x
Mon, 27 Jun 2022฿1.7t฿619.4b฿194.9b9.1x8.9x2.8x
Wed, 25 May 2022฿1.8t฿619.4b฿194.9b9x9x2.8x
Fri, 22 Apr 2022฿1.7t฿613.8b฿189.2b9.7x9.1x2.8x
Sun, 20 Mar 2022฿1.9t฿612.6b฿188.2b10.1x10x3.1x
Price to Earnings Ratio

10x


Total Market Cap: ฿1.9tTotal Earnings: ฿188.2bTotal Revenue: ฿612.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Banks Industry Price to Earnings3Y Average 8.3x202320242025
Current Industry PE
  • Investors are relatively neutral on the Thai Banks 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 8.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 8.7% 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 industry?

TH Market-3.88%
Financials-1.42%
Banks0.046%
Diversified Banks0.046%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 8.3x.
    • Analysts are expecting annual earnings growth of 4.4%, which is higher than its past year's earnings growth of 1.4% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 8.3x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 4.4% over the next 5 years.
  • This is better than its past earnings growth rate of 1.4% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.4% 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
SCB SCB X฿124.502.0%
+฿8.4b		9.7%PB0.9x
KTB Krung Thai Bank฿23.001.3%
+฿4.2b		44.7%PB0.7x
CIMBT CIMB Thai Bank฿0.709.4%
+฿2.1b		18.6%PB0.5x
CREDIT Thai Credit Bank฿18.702.7%
+฿617.4m		-32.6%PB1x
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Latest News

BAY

฿22.40

Bank of Ayudhya

7D

-2.6%

1Y

-15.5%

CREDIT

฿18.70

Thai Credit Bank

7D

2.7%

1Y

-32.6%

CIMBT

฿0.70

CIMB Thai Bank

7D

9.4%

1Y

18.6%

KBANK

฿151.00

Kasikornbank

7D

-0.3%

1Y

22.3%

KKP

฿56.50

Kiatnakin Phatra Bank

7D

-1.7%

1Y

6.1%

LHFG

฿0.78

LH Financial Group

7D

-4.9%

1Y

-22.8%

BBL

฿146.50

Bangkok Bank

7D

-1.3%

1Y

4.6%

KTB

฿23.00

Krung Thai Bank

7D

1.3%

1Y

44.7%

TCAP

฿48.25

Thanachart Capital

7D

-1.5%

1Y

-3.0%

SCB

฿124.50

SCB X

7D

2.0%

1Y

9.7%

TTB

฿1.91

TMBThanachart Bank

7D

-1.0%

1Y

3.2%