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Thai (SET) Diversified Banks Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies12
  • 7D-1.4%
  • 3M11.3%
  • 1Y17.1%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has dropped 1.4%, driven by a pullback from Krung Thai Bank of 4.2%. Over the past 12 months, the industry was up 17%. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025฿2.3t฿793.1b฿269.8b8.6x8.5x2.9x
Sun, 23 Nov 2025฿2.2t฿792.6b฿269.8b8.3x8.1x2.8x
Tue, 21 Oct 2025฿2.1t฿781.8b฿261.9b8.2x8x2.7x
Thu, 18 Sep 2025฿2.1t฿781.2b฿261.5b8.1x7.9x2.6x
Sat, 16 Aug 2025฿2.1t฿792.6b฿264.1b7.8x7.9x2.6x
Mon, 14 Jul 2025฿1.9t฿790.7b฿262.3b7.2x7.4x2.4x
Wed, 11 Jun 2025฿2.0t฿790.7b฿262.3b7.4x7.4x2.5x
Fri, 09 May 2025฿2.0t฿790.9b฿262.4b7.4x7.6x2.5x
Sun, 06 Apr 2025฿2.0t฿787.3b฿258.7b7.9x7.7x2.5x
Tue, 04 Mar 2025฿2.0t฿787.3b฿258.7b7.7x7.7x2.5x
Thu, 30 Jan 2025฿2.1t฿788.9b฿258.4b7.9x8x2.6x
Sat, 28 Dec 2024฿2.0t฿775.7b฿250.6b8.2x7.9x2.5x
Mon, 25 Nov 2024฿1.9t฿775.7b฿250.6b8.1x7.7x2.5x
Wed, 23 Oct 2024฿1.9t฿775.0b฿249.0b8.7x7.8x2.5x
Fri, 20 Sep 2024฿2.0t฿767.2b฿246.4b8.5x8x2.6x
Sun, 18 Aug 2024฿1.7t฿767.2b฿246.4b7.6x7.1x2.3x
Tue, 16 Jul 2024฿1.7t฿759.7b฿245.0b7.5x7.1x2.3x
Thu, 13 Jun 2024฿1.8t฿759.9b฿245.1b7.7x7.1x2.3x
Sat, 11 May 2024฿1.8t฿759.7b฿244.9b8.5x7.4x2.4x
Mon, 08 Apr 2024฿1.8t฿744.9b฿242.2b8.4x7.5x2.4x
Wed, 06 Mar 2024฿1.8t฿735.5b฿238.6b8.1x7.5x2.4x
Fri, 02 Feb 2024฿1.7t฿736.1b฿238.3b8.1x7.2x2.3x
Sun, 31 Dec 2023฿1.8t฿716.6b฿228.6b8.8x8x2.5x
Tue, 28 Nov 2023฿1.8t฿716.6b฿228.6b8.5x7.7x2.5x
Thu, 26 Oct 2023฿1.8t฿716.3b฿228.1b8.7x7.9x2.5x
Sat, 23 Sep 2023฿1.9t฿698.0b฿222.4b8.6x8.3x2.7x
Mon, 21 Aug 2023฿1.9t฿698.0b฿222.4b9.1x8.6x2.7x
Wed, 19 Jul 2023฿1.9t฿674.4b฿213.4b9.6x9x2.8x
Fri, 16 Jun 2023฿1.9t฿674.2b฿213.4b9.4x8.8x2.8x
Sun, 14 May 2023฿1.8t฿673.7b฿212.9b9.2x8.6x2.7x
Tue, 11 Apr 2023฿1.8t฿653.7b฿205.8b9.4x8.6x2.7x
Thu, 09 Mar 2023฿1.8t฿653.8b฿205.9b9.3x8.8x2.8x
Sat, 04 Feb 2023฿1.9t฿645.5b฿205.1b9.3x9.1x2.9x
Mon, 02 Jan 2023฿1.8t฿651.3b฿215.2b8.2x8.6x2.8x
Price to Earnings Ratio

8.6x


Total Market Cap: ฿1.8tTotal Earnings: ฿215.2bTotal Revenue: ฿651.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Diversified Banks Industry Price to Earnings3Y Average 7.9x20242025
Current Industry PE
  • Investors are relatively neutral on the Thai Diversified 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 7.9x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 7.8% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 Market1.17%
Financials-0.72%
Banks-1.43%
Diversified Banks-1.43%
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?

CompanyLast Price7D1YValuation
SCB SCB X฿138.001.5%
+฿6.7b		17.9%PB1x
BBL Bangkok Bank฿169.000.3%
+฿954.4m		12.3%PB0.6x
KKP Kiatnakin Phatra Bank฿67.251.1%
+฿608.9m		28.7%PB0.9x
TISCO TISCO Financial Group฿110.500.5%
+฿400.3m		12.2%PB2.1x
LHFG LH Financial Group฿0.901.1%
+฿211.8m		15.4%PB0.4x

Latest News

TISCO
฿110.50
TISCO Financial Group
7D
0.5%
1Y
12.2%
SCB
฿138.00
SCB X
7D
1.5%
1Y
17.9%

SCB: Future Earnings Multiple Will Shape A Stable Risk Outlook

Analysts have slightly trimmed their price target on SCB X to THB 136.72 from THB 136.78, reflecting modestly lower assumptions for revenue growth and profit margins, partly offset by a marginally higher expected future P/E multiple. Valuation Changes The fair value estimate has edged down slightly to THB 136.72 from THB 136.78.
KKP
฿67.25
Kiatnakin Phatra Bank
7D
1.1%
1Y
28.7%
BAY
฿25.00
Bank of Ayudhya
7D
-1.0%
1Y
1.6%
LHFG
฿0.90
LH Financial Group
7D
1.1%
1Y
15.4%
KTB
฿28.25
Krung Thai Bank
7D
-0.9%
1Y
33.9%
KBANK
฿194.00
Kasikornbank
7D
-0.8%
1Y
24.4%
CREDIT
฿14.80
Thai Credit Bank
7D
-9.8%
1Y
-19.6%
BBL
฿169.00
Bangkok Bank
7D
0.3%
1Y
12.3%