Narrative Update • Apr 24
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Thai (SET) Diversified Banks Industry Analysis
UpdatedMay 12, 2026
DataAggregated Company Financials
Companies12
- 7D0.02%
- 3M2.5%
- 1Y22.2%
- YTDn/a
The Diversified Banks industry has stayed flat over the last week. The past year has been better, since the industry has gained 22% in that time. As for the next few years, earnings are expected to grow by 1.2% per annum.
Industry Valuation and Performance
Has the Thai Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | ฿2.4t | ฿790.7b | ฿270.5b | 9.3x | 8.8x | 3x |
| Thu, 09 Apr 2026 | ฿2.5t | ฿791.7b | ฿270.1b | 9.3x | 9.1x | 3.1x |
| Sat, 07 Mar 2026 | ฿2.4t | ฿791.7b | ฿270.1b | 9x | 8.8x | 3x |
| Mon, 02 Feb 2026 | ฿2.3t | ฿793.4b | ฿270.5b | 8.4x | 8.3x | 2.8x |
| Wed, 31 Dec 2025 | ฿2.3t | ฿793.1b | ฿269.8b | 8.6x | 8.5x | 2.9x |
| Fri, 28 Nov 2025 | ฿2.2t | ฿793.1b | ฿269.8b | 8.5x | 8.2x | 2.8x |
| Sun, 26 Oct 2025 | ฿2.2t | ฿792.1b | ฿268.0b | 8.3x | 8.2x | 2.8x |
| Tue, 23 Sep 2025 | ฿2.0t | ฿781.2b | ฿261.5b | 8.1x | 7.8x | 2.6x |
| Thu, 21 Aug 2025 | ฿2.1t | ฿792.6b | ฿264.1b | 7.8x | 7.9x | 2.6x |
| Sat, 19 Jul 2025 | ฿1.9t | ฿790.4b | ฿262.1b | 7.3x | 7.4x | 2.5x |
| Mon, 16 Jun 2025 | ฿1.9t | ฿790.7b | ฿262.3b | 7.3x | 7.3x | 2.4x |
| Wed, 14 May 2025 | ฿2.0t | ฿790.9b | ฿262.4b | 7.5x | 7.6x | 2.5x |
| Fri, 11 Apr 2025 | ฿2.0t | ฿787.3b | ฿258.7b | 7.6x | 7.6x | 2.5x |
| Sun, 09 Mar 2025 | ฿2.0t | ฿787.3b | ฿258.7b | 7.9x | 7.7x | 2.5x |
| Tue, 04 Feb 2025 | ฿2.0t | ฿788.9b | ฿258.4b | 7.8x | 7.9x | 2.6x |
| Thu, 02 Jan 2025 | ฿2.0t | ฿775.7b | ฿250.6b | 8.3x | 7.9x | 2.5x |
| Sat, 30 Nov 2024 | ฿1.9t | ฿775.7b | ฿250.6b | 8x | 7.7x | 2.5x |
| Mon, 28 Oct 2024 | ฿1.9t | ฿776.1b | ฿250.7b | 8.6x | 7.7x | 2.5x |
| Wed, 25 Sep 2024 | ฿2.0t | ฿767.2b | ฿246.4b | 8.7x | 8.1x | 2.6x |
| Fri, 23 Aug 2024 | ฿1.8t | ฿767.2b | ฿246.4b | 8x | 7.4x | 2.4x |
| Sun, 21 Jul 2024 | ฿1.7t | ฿762.6b | ฿245.3b | 7.1x | 7.1x | 2.3x |
| Tue, 18 Jun 2024 | ฿1.8t | ฿759.9b | ฿245.1b | 7.7x | 7.1x | 2.3x |
| Thu, 16 May 2024 | ฿1.8t | ฿759.8b | ฿245.1b | 8.4x | 7.4x | 2.4x |
| Sat, 13 Apr 2024 | ฿1.9t | ฿744.9b | ฿242.2b | 8.6x | 7.7x | 2.5x |
| Mon, 11 Mar 2024 | ฿1.8t | ฿735.5b | ฿238.6b | 8.4x | 7.5x | 2.4x |
| Wed, 07 Feb 2024 | ฿1.7t | ฿736.1b | ฿238.3b | 8.2x | 7.3x | 2.4x |
| Fri, 05 Jan 2024 | ฿1.8t | ฿716.6b | ฿228.6b | 8.8x | 7.9x | 2.5x |
| Sun, 03 Dec 2023 | ฿1.7t | ฿716.6b | ฿228.6b | 8.5x | 7.6x | 2.4x |
| Tue, 31 Oct 2023 | ฿1.8t | ฿716.3b | ฿228.1b | 8.7x | 7.9x | 2.5x |
| Thu, 28 Sep 2023 | ฿1.8t | ฿698.0b | ฿222.4b | 8.6x | 8.3x | 2.6x |
| Sat, 26 Aug 2023 | ฿1.9t | ฿698.0b | ฿222.4b | 9.2x | 8.7x | 2.8x |
| Mon, 24 Jul 2023 | ฿1.9t | ฿698.2b | ฿222.4b | 9.1x | 8.5x | 2.7x |
| Wed, 21 Jun 2023 | ฿1.9t | ฿674.2b | ฿213.4b | 9.4x | 8.7x | 2.8x |
| Fri, 19 May 2023 | ฿1.8t | ฿674.2b | ฿213.4b | 9.1x | 8.5x | 2.7x |
Price to Earnings Ratio
8.5x
Current Industry PE
- Investors are optimistic on the Thai Diversified Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 8.8x which is higher than its 3-year average PE of 7.9x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 8.2% per year over the last three years.
- Revenues for these companies have grown 5.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Thai Diversified Banks compare with similar industries?
| TH Market | -0.30% | |
| Financials | -0.23% | |
| Banks | 0.024% | |
| Diversified Banks | 0.024% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KBANK Kasikornbank | ฿197.00 | 1.5% +฿7.1b | 19.8% | PB0.8x | |
| TISCO TISCO Financial Group | ฿112.50 | 2.7% +฿2.4b | 14.8% | PB2.1x | |
| KKP Kiatnakin Phatra Bank | ฿81.50 | 3.2% +฿2.1b | 76.2% | PB1x | |
| BBL Bangkok Bank | ฿163.50 | 0.6% +฿1.9b | 15.1% | PB0.5x | |
| SCB SCB X | ฿131.50 | 0.4% +฿1.7b | 10.5% | PB0.9x |