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Thai (SET) Banks Industry Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies11
  • 7D0.4%
  • 3M-0.7%
  • 1Y3.5%
  • YTD-1.6%

In the last week, Banks has been flat. The past year has been better, since the industry has gained 3.5% in that time. Earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022฿1.8t฿651.3b฿215.2b8.1x8.4x2.8x
Thu, 27 Oct 2022฿1.8t฿643.1b฿207.2b8.2x8.7x2.8x
Sat, 24 Sep 2022฿1.8t฿622.4b฿196.7b8.9x9.2x2.9x
Mon, 22 Aug 2022฿1.8t฿622.4b฿196.7b9x9.1x2.9x
Wed, 20 Jul 2022฿1.6t฿619.6b฿195.1b8.8x8.4x2.7x
Fri, 17 Jun 2022฿1.8t฿619.4b฿194.9b9.1x9x2.8x
Sun, 15 May 2022฿1.7t฿617.8b฿193.6b9.3x8.9x2.8x
Tue, 12 Apr 2022฿1.8t฿612.6b฿188.2b9.8x9.7x3x
Thu, 10 Mar 2022฿1.8t฿612.6b฿188.2b9.9x9.8x3x
Sat, 05 Feb 2022฿1.9t฿611.4b฿187.1b10.2x10.1x3.1x
Mon, 03 Jan 2022฿1.8t฿596.0b฿176.2b10.3x10.3x3x
Wed, 01 Dec 2021฿1.7t฿596.0b฿176.2b9.5x9.5x2.8x
Fri, 29 Oct 2021฿1.7t฿595.3b฿175.5b10.6x9.7x2.9x
Sun, 26 Sep 2021฿1.7t฿581.0b฿162.6b11.1x10.5x2.9x
Tue, 24 Aug 2021฿1.5t฿581.0b฿162.6b11x9.4x2.6x
Wed, 30 Jun 2021฿1.5t฿581.0b฿162.6b10.6x9.4x2.6x
Sat, 03 Apr 2021฿1.8t฿553.1b฿141.5b12.3x12.4x3.2x
Tue, 05 Jan 2021฿1.5t฿555.5b฿145.0b10.3x10.2x2.7x
Fri, 09 Oct 2020฿1.1t฿571.3b฿156.0b7.3x7x1.9x
Thu, 02 Jul 2020฿1.3t฿612.0b฿180.4b7.2x6.9x2x
Sun, 05 Apr 2020฿1.2t฿636.9b฿200.9b5.8x5.9x1.9x
Wed, 08 Jan 2020฿1.9t฿644.7b฿204.5b9.3x9.5x3x
Price to Earnings Ratio

9.2x


Total Market Cap: ฿1.8tTotal Earnings: ฿199.0bTotal Revenue: ฿625.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Banks Industry Price to Earnings3Y Average 9x202020212022
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 9.0x.
  • 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 2.6% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

TH Market0.16%
Financials0.86%
Banks0.43%
Diversified Banks0.43%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 9.0x.
    • Analysts are expecting annual earnings growth of 9.6%, which is lower than the prior year's growth of 39.4% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 9.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 9.6% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.6% 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
BBL Bangkok Bank฿144.001.1%
+฿2.9b
23.1%PB0.5x
KTB Krung Thai Bank฿17.601.1%
+฿2.8b
53.0%PB0.7x
KBANK Kasikornbank฿143.500.7%
+฿2.4b
5.1%PB0.7x
TTB TMBThanachart Bank฿1.370.7%
+฿967.8m
14.2%PB0.6x
LHFG LH Financial Group฿1.062.9%
+฿635.5m
-19.7%PB0.6x
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Latest News

KTB

฿17.60

Krung Thai Bank

7D

1.1%

1Y

53.0%

LHFG

฿1.06

LH Financial Group

7D

2.9%

1Y

-19.7%

TTB

฿1.37

TMBThanachart Bank

7D

0.7%

1Y

14.2%

TCAP

฿41.75

Thanachart Capital

7D

1.2%

1Y

16.0%

TISCO

฿96.50

TISCO Financial Group

7D

0.3%

1Y

7.8%

SCB

฿105.00

SCB X

7D

-0.5%

1Y

-15.0%

KKP

฿70.25

Kiatnakin Phatra Bank

7D

-0.4%

1Y

19.6%

KBANK

฿143.50

Kasikornbank

7D

0.7%

1Y

5.1%

BBL

฿144.00

Bangkok Bank

7D

1.1%

1Y

23.1%

CIMBT

฿0.81

CIMB Thai Bank

7D

-1.2%

1Y

-8.0%