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Thai (SET) Diversified Banks Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies12
  • 7D0.9%
  • 3M9.3%
  • 1Y39.9%
  • YTDn/a

In the last week, the Diversified Banks industry is up 1.2%, with Kasikornbank leading the way, up 1.5%. In the last 12 months, the industry was up 40%. As for the next few years, earnings are expected to grow by 2.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026฿2.7t฿791.3b฿271.3b9.9x9.8x3.4x
Sun, 24 May 2026฿2.5t฿791.3b฿271.3b9.2x9x3.1x
Tue, 21 Apr 2026฿2.3t฿792.3b฿270.5b9x8.7x3x
Thu, 19 Mar 2026฿2.4t฿791.7b฿270.1b9.1x8.9x3x
Sat, 14 Feb 2026฿2.3t฿793.4b฿270.5b8.8x8.6x2.9x
Mon, 12 Jan 2026฿2.3t฿793.1b฿269.8b8.6x8.6x2.9x
Wed, 10 Dec 2025฿2.2t฿793.1b฿269.8b8.6x8.3x2.8x
Fri, 07 Nov 2025฿2.2t฿792.1b฿268.0b8.4x8.2x2.8x
Sun, 05 Oct 2025฿2.1t฿781.2b฿261.5b8.1x7.9x2.6x
Tue, 02 Sep 2025฿2.1t฿781.2b฿261.5b8.1x8x2.7x
Thu, 31 Jul 2025฿2.0t฿792.3b฿263.8b7.5x7.6x2.5x
Sat, 28 Jun 2025฿1.9t฿790.7b฿262.3b7.2x7.3x2.4x
Mon, 26 May 2025฿2.0t฿790.7b฿262.3b7.5x7.6x2.5x
Wed, 23 Apr 2025฿1.9t฿790.9b฿262.4b7.3x7.2x2.4x
Fri, 21 Mar 2025฿2.0t฿787.3b฿258.7b8.1x7.9x2.6x
Sun, 16 Feb 2025฿2.0t฿788.9b฿258.4b7.6x7.7x2.5x
Tue, 14 Jan 2025฿2.0t฿775.7b฿250.6b8x8x2.6x
Thu, 12 Dec 2024฿2.0t฿775.7b฿250.6b8.1x7.9x2.5x
Sat, 09 Nov 2024฿1.9t฿776.1b฿250.7b8.7x7.8x2.5x
Mon, 07 Oct 2024฿2.0t฿767.2b฿246.4b8.5x7.9x2.5x
Wed, 04 Sep 2024฿1.9t฿767.2b฿246.4b8.1x7.5x2.4x
Fri, 02 Aug 2024฿1.8t฿767.1b฿246.3b7.5x7.1x2.3x
Sun, 30 Jun 2024฿1.7t฿759.9b฿245.1b7.5x7.1x2.3x
Tue, 28 May 2024฿1.8t฿759.8b฿245.1b8.4x7.4x2.4x
Thu, 25 Apr 2024฿1.8t฿759.7b฿244.9b8.5x7.3x2.4x
Sat, 23 Mar 2024฿1.8t฿735.5b฿238.6b8.1x7.6x2.5x
Mon, 19 Feb 2024฿1.7t฿736.1b฿238.3b8x7.3x2.4x
Wed, 17 Jan 2024฿1.8t฿716.9b฿228.6b8.5x7.7x2.5x
Fri, 15 Dec 2023฿1.8t฿716.6b฿228.6b8.4x7.7x2.4x
Sun, 12 Nov 2023฿1.8t฿716.3b฿228.1b8.6x7.8x2.5x
Tue, 10 Oct 2023฿1.9t฿698.0b฿222.4b8.8x8.3x2.7x
Thu, 07 Sep 2023฿1.9t฿698.0b฿222.4b9.1x8.7x2.8x
Sat, 05 Aug 2023฿1.9t฿698.2b฿222.4b9.1x8.5x2.7x
Mon, 03 Jul 2023฿1.8t฿674.2b฿213.4b9.3x8.7x2.7x
Price to Earnings Ratio

8.7x


Total Market Cap: ฿1.8tTotal Earnings: ฿213.4bTotal Revenue: ฿674.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Diversified Banks Industry Price to Earnings3Y Average 8x202420252026
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 9.7x which is higher than its 3-year average PE of 8.0x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 8.3% 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-1.66%
Financials0.96%
Banks0.90%
Diversified Banks0.90%
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
KBANK Kasikornbank฿212.002.9%
+฿14.1b		36.3%PB0.8x
KKP Kiatnakin Phatra Bank฿98.757.6%
+฿5.8b		114.7%PB1.2x
SCB SCB X฿143.501.1%
+฿5.1b		20.6%PB1x
BAY Bank of Ayudhya฿38.751.3%
+฿3.7b		81.1%PB0.7x

Latest News

SCB
฿143.50
SCB X
7D
1.1%
1Y
20.6%
Narrative Update • Jun 19

SCB: Dividend Payout And New Card Unit CEO Will Support Fair Value

Analysts have nudged their fair value estimate for SCB X slightly lower, trimming the price target from THB140.53 to THB140.41 as small adjustments to the discount rate and forward P/E feed into the valuation model. What’s in the News for SCB X SCB X approved a dividend from 2025 operational results of THB 11.28 per share, totaling THB 37,981 million, representing 80% of the company’s 2025 consolidated net profit (AGM, April 8, 2026).
LHFG
฿1.13
LH Financial Group
7D
-2.6%
1Y
48.7%
KBANK
฿212.00
Kasikornbank
7D
2.9%
1Y
36.3%
TTB
฿2.40
TMBThanachart Bank
7D
-0.8%
1Y
25.0%
Narrative Update • Jun 04

TTB: Buyback And Dividend Actions Will Shape Future Return Expectations

Analysts now set a slightly higher fair value price target for TMBThanachart Bank at THB2.28 from THB2.25, reflecting updated assumptions on revenue growth, profit margins and a lower forward P/E multiple. What's in the News TMBThanachart Bank has launched a share repurchase program covering up to 4,091,000,000 shares, or 4.91% of issued share capital, with a budget of THB 9,245 million and a repurchase price of THB 2.26 per share, subject to a cap of 15% above the average closing price over the five business days before each buyback date.
BAY
฿38.75
Bank of Ayudhya
7D
1.3%
1Y
81.1%
TISCO
฿117.50
TISCO Financial Group
7D
-0.4%
1Y
19.9%
TCAP
฿64.75
Thanachart Capital
7D
-0.8%
1Y
39.2%
KKP
฿98.75
Kiatnakin Phatra Bank
7D
7.6%
1Y
114.7%
BBL
฿175.50
Bangkok Bank
7D
-0.3%
1Y
23.2%