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Thai (SET) Capital Markets Industry Analysis
UpdatedMar 25, 2026
DataAggregated Company Financials
Companies20
- 7D0.3%
- 3M-1.4%
- 1Y-1.3%
- YTD1.2%
The Capital Markets is pretty flat in the last 7 days, but XSpring Capital has stood out, gaining 6.5%. Furthermore, the industry has been flat for the past year as well.
Industry Valuation and Performance
Has the Thai Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Mar 2026 | ฿152.9b | ฿22.5b | ฿1.9b | 21x | 81.2x | 6.8x |
| Fri, 20 Feb 2026 | ฿154.8b | ฿23.0b | ฿2.5b | 19.2x | 61.9x | 6.7x |
| Sun, 18 Jan 2026 | ฿152.0b | ฿23.1b | ฿2.6b | 15x | 59x | 6.6x |
| Tue, 16 Dec 2025 | ฿150.9b | ฿23.1b | ฿2.6b | 15x | 58.6x | 6.5x |
| Thu, 13 Nov 2025 | ฿152.5b | ฿23.0b | ฿2.5b | 24x | 60.8x | 6.6x |
| Sat, 11 Oct 2025 | ฿155.0b | ฿23.3b | ฿2.7b | 25.3x | 57.9x | 6.7x |
| Mon, 08 Sep 2025 | ฿122.5b | ฿21.4b | ฿2.4b | 20x | 50.6x | 5.7x |
| Wed, 06 Aug 2025 | ฿125.7b | ฿22.4b | ฿2.5b | 13.5x | 50x | 5.6x |
| Fri, 04 Jul 2025 | ฿121.8b | ฿22.2b | ฿2.8b | 12.6x | 43.3x | 5.5x |
| Sun, 01 Jun 2025 | ฿125.5b | ฿22.2b | ฿2.8b | 13.6x | 44.6x | 5.6x |
| Tue, 29 Apr 2025 | ฿125.0b | ฿22.4b | ฿3.3b | 13.1x | 38.1x | 5.6x |
| Thu, 27 Mar 2025 | ฿126.3b | ฿22.4b | ฿3.3b | 12.9x | 38.5x | 5.6x |
| Sat, 22 Feb 2025 | ฿125.4b | ฿21.9b | ฿1.9b | 16x | 66.9x | 5.7x |
| Mon, 20 Jan 2025 | ฿127.8b | ฿21.7b | ฿1.9b | 15.6x | 66.9x | 5.9x |
| Wed, 18 Dec 2024 | ฿158.5b | ฿21.7b | ฿1.9b | 15.6x | 82.9x | 7.3x |
| Fri, 15 Nov 2024 | ฿130.8b | ฿21.5b | ฿2.7b | 16.6x | 47.7x | 6.1x |
| Sun, 13 Oct 2024 | ฿136.0b | ฿21.4b | ฿2.7b | 17.9x | 50.1x | 6.4x |
| Tue, 10 Sep 2024 | ฿165.9b | ฿24.4b | ฿4.4b | 17.8x | 37.4x | 6.8x |
| Thu, 08 Aug 2024 | ฿147.7b | ฿23.9b | ฿4.5b | 14x | 32.9x | 6.2x |
| Sat, 06 Jul 2024 | ฿160.7b | ฿24.0b | ฿4.5b | 14.1x | 35.7x | 6.7x |
| Mon, 03 Jun 2024 | ฿170.6b | ฿23.8b | ฿4.3b | 16.2x | 39.7x | 7.2x |
| Wed, 01 May 2024 | ฿162.9b | ฿23.1b | ฿4.5b | 15.4x | 36.2x | 7.1x |
| Fri, 29 Mar 2024 | ฿165.9b | ฿23.1b | ฿4.5b | 15.9x | 36.9x | 7.2x |
| Sun, 25 Feb 2024 | ฿159.3b | ฿1.2t | ฿193.8b | 16.8x | 0.8x | 0.1x |
| Tue, 23 Jan 2024 | ฿82.8b | ฿19.7b | ฿4.5b | 13x | 18.5x | 4.2x |
| Thu, 21 Dec 2023 | ฿121.9b | ฿23.7b | ฿5.6b | 12.7x | 21.7x | 5.1x |
| Sat, 18 Nov 2023 | ฿123.0b | ฿24.4b | ฿4.8b | 14x | 25.6x | 5.1x |
| Mon, 16 Oct 2023 | ฿133.4b | ฿23.5b | ฿5.5b | 13.6x | 24.3x | 5.7x |
| Wed, 13 Sep 2023 | ฿143.4b | ฿23.5b | ฿5.5b | 14.9x | 26.2x | 6.1x |
| Fri, 11 Aug 2023 | ฿133.9b | ฿23.7b | ฿6.2b | 12.7x | 21.5x | 5.6x |
| Sun, 09 Jul 2023 | ฿125.7b | ฿23.8b | ฿6.3b | 12.4x | 20.1x | 5.3x |
| Tue, 06 Jun 2023 | ฿127.6b | ฿23.8b | ฿6.3b | 13x | 20.4x | 5.4x |
| Thu, 04 May 2023 | ฿131.4b | ฿24.5b | ฿6.7b | 12x | 19.7x | 5.4x |
| Sat, 01 Apr 2023 | ฿139.9b | ฿24.7b | ฿6.8b | 12.7x | 20.6x | 5.7x |
Price to Earnings Ratio
20.6x
Current Industry PE
- Investors are optimistic on the Thai Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 81.2x which is higher than its 3-year average PE of 41.0x.
- The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 6.8x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 35% per year over the last three years,
- Revenues have also declined 3.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Financials industry?
| TH Market | -1.65% | |
| Financials | -0.57% | |
| Capital Markets | 0.28% | |
| Investment Banking and Brokerage | 0.30% | |
| Asset Management | 0.19% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 42.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Asset Management industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| XPG XSpring Capital | ฿0.49 | 6.5% +฿321.0m | -39.5% | PE29x | |
| AIRA AIRA Capital | ฿1.15 | 0.9% +฿63.1m | -8.0% | PS9.9x | |
| KGI KGI Securities (Thailand) | ฿4.32 | 0.5% +฿39.8m | -0.9% | PE9.9x | |
| TH Tong Hua Holding | ฿0.47 | 2.2% +฿10.0m | -23.0% | PE8.2x | |
| TNITY Trinity Watthana | ฿2.50 | 1.6% +฿8.6m | -15.5% | PS1.3x |