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Thai (SET) Banks Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies12
  • 7D0.7%
  • 3M-2.4%
  • 1Y-1.0%
  • YTD-2.4%

Over the last 7 days, the Banks industry has remained flat, although notably Krung Thai Bank gained 5.0%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 4.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024฿1.8t฿735.5b฿238.6b8.2x7.6x2.5x
Sat, 24 Feb 2024฿1.8t฿735.8b฿238.6b7.9x7.6x2.5x
Mon, 22 Jan 2024฿1.8t฿726.0b฿232.8b8.2x7.6x2.4x
Wed, 20 Dec 2023฿1.8t฿716.6b฿228.6b8.5x7.8x2.5x
Fri, 17 Nov 2023฿1.8t฿716.6b฿228.6b8.4x7.8x2.5x
Sun, 15 Oct 2023฿1.9t฿698.3b฿222.5b8.8x8.4x2.7x
Tue, 12 Sep 2023฿1.9t฿698.0b฿222.4b9x8.6x2.7x
Thu, 10 Aug 2023฿1.9t฿698.2b฿222.4b9.4x8.7x2.8x
Sat, 08 Jul 2023฿1.8t฿674.2b฿213.4b9.2x8.6x2.7x
Mon, 05 Jun 2023฿1.9t฿674.2b฿213.4b9.3x8.8x2.8x
Wed, 03 May 2023฿1.8t฿673.7b฿212.9b9x8.3x2.6x
Fri, 31 Mar 2023฿1.8t฿653.7b฿205.8b9.2x8.6x2.7x
Sun, 26 Feb 2023฿1.8t฿653.7b฿206.5b9.1x8.8x2.8x
Tue, 24 Jan 2023฿1.9t฿640.1b฿201.9b9.5x9.2x2.9x
Thu, 22 Dec 2022฿1.8t฿651.3b฿215.2b8.1x8.4x2.8x
Sat, 19 Nov 2022฿1.8t฿651.3b฿215.2b8x8.4x2.8x
Mon, 17 Oct 2022฿1.8t฿622.9b฿197.0b8.6x8.9x2.8x
Wed, 14 Sep 2022฿1.8t฿622.4b฿196.7b8.8x9.3x2.9x
Fri, 12 Aug 2022฿1.8t฿621.7b฿196.1b8.7x9x2.8x
Sun, 10 Jul 2022฿1.7t฿619.4b฿194.9b9x8.7x2.7x
Tue, 07 Jun 2022฿1.8t฿619.4b฿194.9b9.2x9.1x2.9x
Thu, 05 May 2022฿1.8t฿617.9b฿193.7b9.8x9.4x2.9x
Sat, 02 Apr 2022฿1.9t฿612.6b฿188.2b10.1x10x3.1x
Mon, 28 Feb 2022฿1.9t฿612.6b฿188.2b10.2x10.1x3.1x
Wed, 26 Jan 2022฿1.8t฿611.4b฿187.1b10x9.9x3x
Fri, 24 Dec 2021฿1.8t฿596.0b฿176.2b10x10x3x
Sun, 21 Nov 2021฿1.8t฿596.0b฿176.2b10.6x10.2x3x
Tue, 19 Oct 2021฿1.7t฿580.8b฿162.5b11.2x10.7x3x
Thu, 16 Sep 2021฿1.6t฿581.0b฿162.6b11x9.7x2.7x
Sat, 14 Aug 2021฿1.4t฿581.0b฿162.6b9.9x8.7x2.4x
Wed, 09 Jun 2021฿1.6t฿553.1b฿141.5b11.2x11x2.8x
Price to Earnings Ratio

12.4x


Total Market Cap: ฿1.8tTotal Earnings: ฿141.5bTotal Revenue: ฿553.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Banks Industry Price to Earnings3Y Average 9.2x202220232024
Current Industry PE
  • Investors are pessimistic on the Thai Banks 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 7.6x which is lower than its 3-year average PE of 9.2x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 10.0% 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 Market0.54%
Financials0.81%
Banks0.65%
Diversified Banks0.65%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 9.2x.
    • Analysts are expecting annual earnings growth of 4.5%, which is lower than the prior year's growth of 15.9% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 4.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 16% per year.
  • In contrast, the Diversified 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
KTB Krung Thai Bank฿16.804.3%
+฿9.8b
0%PB0.6x
TCAP Thanachart Capital฿51.503.0%
+฿1.6b
13.2%PB0.8x
KBANK Kasikornbank฿124.500.4%
+฿1.2b
-7.4%PB0.6x
KKP Kiatnakin Phatra Bank฿52.252.5%
+฿1.1b
-19.6%PB0.7x
BBL Bangkok Bank฿139.000.4%
+฿954.4m
-10.9%PB0.5x
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Latest News

KBANK

฿124.50

Kasikornbank

7D

0.4%

1Y

-7.4%

TISCO

฿99.75

TISCO Financial Group

7D

0.3%

1Y

-1.7%

KTB

฿16.80

Krung Thai Bank

7D

4.3%

1Y

0%

LHFG

฿0.99

LH Financial Group

7D

-2.0%

1Y

-8.3%

BBL

฿139.00

Bangkok Bank

7D

0.4%

1Y

-10.9%

KKP

฿52.25

Kiatnakin Phatra Bank

7D

2.5%

1Y

-19.6%

TCAP

฿51.50

Thanachart Capital

7D

3.0%

1Y

13.2%

TTB

฿1.84

TMBThanachart Bank

7D

-0.5%

1Y

26.9%

SCB

฿114.50

SCB X

7D

-0.4%

1Y

10.6%