Narrative Update • Apr 24
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Thai (SET) Diversified Banks Industry Analysis
UpdatedMay 11, 2026
DataAggregated Company Financials
Companies12
- 7D0.2%
- 3M2.9%
- 1Y22.4%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has remained flat. The past year has been better, since the industry has gained 22% in that time. Earnings are forecast to grow by 1.2% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | ฿2.4t | ฿790.7b | ฿270.5b | 9.2x | 8.8x | 3x |
| Wed, 08 Apr 2026 | ฿2.4t | ฿791.7b | ฿270.1b | 9.2x | 9x | 3.1x |
| Fri, 06 Mar 2026 | ฿2.4t | ฿791.7b | ฿270.1b | 9.1x | 8.9x | 3x |
| Sun, 01 Feb 2026 | ฿2.3t | ฿793.4b | ฿270.5b | 8.4x | 8.3x | 2.8x |
| Tue, 30 Dec 2025 | ฿2.3t | ฿793.1b | ฿269.8b | 8.5x | 8.5x | 2.9x |
| Thu, 27 Nov 2025 | ฿2.2t | ฿793.1b | ฿269.8b | 8.5x | 8.2x | 2.8x |
| Sat, 25 Oct 2025 | ฿2.2t | ฿792.1b | ฿268.0b | 8.3x | 8.2x | 2.8x |
| Mon, 22 Sep 2025 | ฿2.1t | ฿781.2b | ฿261.5b | 8.2x | 7.8x | 2.6x |
| Wed, 20 Aug 2025 | ฿2.1t | ฿792.6b | ฿264.1b | 7.7x | 7.9x | 2.6x |
| Fri, 18 Jul 2025 | ฿1.9t | ฿790.4b | ฿262.1b | 7.4x | 7.4x | 2.4x |
| Sun, 15 Jun 2025 | ฿1.9t | ฿790.7b | ฿262.3b | 7.3x | 7.3x | 2.4x |
| Tue, 13 May 2025 | ฿2.0t | ฿790.9b | ฿262.4b | 7.4x | 7.6x | 2.5x |
| Thu, 10 Apr 2025 | ฿1.9t | ฿787.3b | ฿258.7b | 7.5x | 7.4x | 2.4x |
| Sat, 08 Mar 2025 | ฿2.0t | ฿787.3b | ฿258.7b | 7.9x | 7.7x | 2.5x |
| Mon, 03 Feb 2025 | ฿2.0t | ฿788.9b | ฿258.4b | 7.9x | 7.9x | 2.6x |
| Wed, 01 Jan 2025 | ฿2.0t | ฿775.7b | ฿250.6b | 8.3x | 7.9x | 2.5x |
| Fri, 29 Nov 2024 | ฿1.9t | ฿775.7b | ฿250.6b | 8x | 7.6x | 2.5x |
| Sun, 27 Oct 2024 | ฿1.9t | ฿776.1b | ฿250.7b | 8.6x | 7.7x | 2.5x |
| Tue, 24 Sep 2024 | ฿2.0t | ฿767.2b | ฿246.4b | 8.5x | 8.1x | 2.6x |
| Thu, 22 Aug 2024 | ฿1.8t | ฿767.2b | ฿246.4b | 8x | 7.3x | 2.4x |
| Sat, 20 Jul 2024 | ฿1.7t | ฿759.7b | ฿245.0b | 7.1x | 7.1x | 2.3x |
| Mon, 17 Jun 2024 | ฿1.8t | ฿759.9b | ฿245.1b | 7.8x | 7.2x | 2.3x |
| Wed, 15 May 2024 | ฿1.8t | ฿759.8b | ฿245.1b | 8.4x | 7.4x | 2.4x |
| Fri, 12 Apr 2024 | ฿1.9t | ฿744.9b | ฿242.2b | 8.6x | 7.7x | 2.5x |
| Sun, 10 Mar 2024 | ฿1.8t | ฿735.5b | ฿238.6b | 8.4x | 7.5x | 2.4x |
| Tue, 06 Feb 2024 | ฿1.7t | ฿736.1b | ฿238.3b | 8.1x | 7.3x | 2.3x |
| Thu, 04 Jan 2024 | ฿1.8t | ฿716.6b | ฿228.6b | 8.8x | 7.9x | 2.5x |
| Sat, 02 Dec 2023 | ฿1.7t | ฿716.6b | ฿228.6b | 8.5x | 7.6x | 2.4x |
| Mon, 30 Oct 2023 | ฿1.8t | ฿716.3b | ฿228.1b | 8.6x | 7.9x | 2.5x |
| Wed, 27 Sep 2023 | ฿1.8t | ฿698.0b | ฿222.4b | 8.5x | 8.2x | 2.6x |
| Fri, 25 Aug 2023 | ฿1.9t | ฿698.0b | ฿222.4b | 9.1x | 8.6x | 2.7x |
| Sun, 23 Jul 2023 | ฿1.9t | ฿698.2b | ฿222.4b | 9.1x | 8.5x | 2.7x |
| Tue, 20 Jun 2023 | ฿1.9t | ฿674.2b | ฿213.4b | 9.4x | 8.7x | 2.8x |
| Thu, 18 May 2023 | ฿1.8t | ฿674.2b | ฿213.4b | 9x | 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 | 0.46% | |
| Financials | 0.02% | |
| Banks | 0.18% | |
| Diversified Banks | 0.18% | |
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 |