Narrative Update • Aug 04
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Thai (SET) Diversified Banks Industry Analysis
UpdatedAug 10, 2026
DataAggregated Company Financials
Companies12
- 7D1.8%
- 3M29.6%
- 1Y49.8%
- YTDn/a
In the last week, the Diversified Banks industry is up 1.8%, with all of the companies up. This takes the industry's 12 month performance to a gain of 50%. As for the next few years, earnings are expected to grow by 3.8% 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 |
|---|---|---|---|---|---|---|
| Mon, 10 Aug 2026 | ฿3.1t | ฿794.0b | ฿270.2b | 11.6x | 11.3x | 3.9x |
| Wed, 08 Jul 2026 | ฿2.9t | ฿791.3b | ฿271.3b | 10.8x | 10.6x | 3.6x |
| Fri, 05 Jun 2026 | ฿2.6t | ฿791.3b | ฿271.3b | 9.5x | 9.5x | 3.3x |
| Sun, 03 May 2026 | ฿2.4t | ฿790.7b | ฿270.5b | 9.2x | 8.8x | 3x |
| Tue, 31 Mar 2026 | ฿2.4t | ฿791.7b | ฿270.1b | 9.1x | 9x | 3.1x |
| Thu, 26 Feb 2026 | ฿2.5t | ฿791.9b | ฿270.8b | 9.3x | 9.1x | 3.1x |
| Sat, 24 Jan 2026 | ฿2.3t | ฿793.4b | ฿270.5b | 8.3x | 8.4x | 2.9x |
| Mon, 22 Dec 2025 | ฿2.3t | ฿793.1b | ฿269.8b | 8.6x | 8.5x | 2.9x |
| Wed, 19 Nov 2025 | ฿2.2t | ฿792.6b | ฿269.8b | 8.3x | 8.1x | 2.7x |
| Fri, 17 Oct 2025 | ฿2.1t | ฿781.2b | ฿261.5b | 8.2x | 8x | 2.7x |
| Sun, 14 Sep 2025 | ฿2.1t | ฿781.2b | ฿261.5b | 8.3x | 7.9x | 2.7x |
| Tue, 12 Aug 2025 | ฿2.1t | ฿791.7b | ฿263.9b | 7.7x | 7.9x | 2.6x |
| Thu, 10 Jul 2025 | ฿1.9t | ฿790.7b | ฿262.3b | 7.2x | 7.4x | 2.4x |
| Sat, 07 Jun 2025 | ฿1.9t | ฿790.7b | ฿262.3b | 7.4x | 7.4x | 2.5x |
| Mon, 05 May 2025 | ฿1.9t | ฿790.9b | ฿262.4b | 7.2x | 7.4x | 2.5x |
| Wed, 02 Apr 2025 | ฿2.1t | ฿787.3b | ฿258.7b | 8x | 7.9x | 2.6x |
| Fri, 28 Feb 2025 | ฿2.0t | ฿788.6b | ฿258.3b | 7.5x | 7.7x | 2.5x |
| Sun, 26 Jan 2025 | ฿2.0t | ฿788.0b | ฿259.5b | 7.7x | 7.8x | 2.6x |
| Tue, 24 Dec 2024 | ฿2.0t | ฿775.7b | ฿250.6b | 8.1x | 7.8x | 2.5x |
| Thu, 21 Nov 2024 | ฿1.9t | ฿775.7b | ฿250.6b | 8.3x | 7.7x | 2.5x |
| Sat, 19 Oct 2024 | ฿2.0t | ฿767.0b | ฿246.3b | 8.3x | 8x | 2.6x |
| Mon, 16 Sep 2024 | ฿2.0t | ฿767.2b | ฿246.4b | 8.7x | 8.2x | 2.6x |
| Wed, 14 Aug 2024 | ฿1.7t | ฿767.2b | ฿246.4b | 7.5x | 7x | 2.3x |
| Fri, 12 Jul 2024 | ฿1.8t | ฿759.9b | ฿245.1b | 7.7x | 7.3x | 2.3x |
| Sun, 09 Jun 2024 | ฿1.8t | ฿759.9b | ฿245.1b | 7.8x | 7.2x | 2.3x |
| Tue, 07 May 2024 | ฿1.8t | ฿759.7b | ฿244.9b | 8.5x | 7.4x | 2.4x |
| Thu, 04 Apr 2024 | ฿1.8t | ฿744.9b | ฿242.2b | 8.4x | 7.5x | 2.4x |
| Sat, 02 Mar 2024 | ฿1.8t | ฿735.8b | ฿238.6b | 8.1x | 7.5x | 2.4x |
| Mon, 29 Jan 2024 | ฿1.7t | ฿736.1b | ฿238.3b | 8.2x | 7.2x | 2.3x |
| Wed, 27 Dec 2023 | ฿1.8t | ฿716.6b | ฿228.6b | 8.6x | 7.8x | 2.5x |
| Fri, 24 Nov 2023 | ฿1.8t | ฿716.6b | ฿228.6b | 8.4x | 7.7x | 2.5x |
| Sun, 22 Oct 2023 | ฿1.8t | ฿716.3b | ฿228.1b | 8.5x | 8x | 2.6x |
| Tue, 19 Sep 2023 | ฿1.9t | ฿698.0b | ฿222.4b | 9x | 8.5x | 2.7x |
| Thu, 17 Aug 2023 | ฿1.9t | ฿698.0b | ฿222.4b | 9.3x | 8.6x | 2.7x |
Price to Earnings Ratio
8.6x
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 11.3x which is higher than its 3-year average PE of 8.1x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 6.7% per year over the last three years.
- Revenues for these companies have grown 4.4% 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 | -0.73% | |
| Financials | 1.62% | |
| Banks | 1.82% | |
| Diversified Banks | 1.82% | |
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 | ฿248.00 | 1.6% +฿9.4b | 47.6% | PB1x | |
| KTB Krung Thai Bank | ฿44.50 | 0.6% +฿3.5b | 84.6% | PB1.4x | |
| TCAP Thanachart Capital | ฿86.25 | 3.9% +฿3.4b | 75.1% | PB1.1x | |
| BAY Bank of Ayudhya | ฿41.25 | 0.6% +฿1.8b | 80.1% | PB0.7x |