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Thai (SET) Capital Markets Industry Analysis
UpdatedJun 17, 2025
DataAggregated Company Financials
Companies19
- 7D-0.6%
- 3M-4.1%
- 1Y-14.1%
- YTD-7.1%
The Capital Markets industry has been flat over the last week, but Beyond Securities has lost 18%. Unfortunately though, the industry is down 14% over the past 12 months. Looking forward, earnings are forecast to grow by 38% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 17 Jun 2025 | ฿124.1b | ฿22.2b | ฿2.8b | 13.4x | 44.1x | 5.6x |
| Thu, 15 May 2025 | ฿125.5b | ฿22.3b | ฿3.2b | 12.9x | 39.4x | 5.6x |
| Sat, 12 Apr 2025 | ฿124.8b | ฿22.4b | ฿3.3b | 12.5x | 38x | 5.6x |
| Mon, 10 Mar 2025 | ฿125.3b | ฿22.4b | ฿3.3b | 13.6x | 38.2x | 5.6x |
| Wed, 05 Feb 2025 | ฿127.1b | ฿21.9b | ฿2.0b | 15.3x | 63.7x | 5.8x |
| Fri, 03 Jan 2025 | ฿130.3b | ฿21.7b | ฿1.9b | 15.9x | 68.1x | 6x |
| Sun, 01 Dec 2024 | ฿130.4b | ฿21.7b | ฿1.9b | 16x | 68.2x | 6x |
| Tue, 29 Oct 2024 | ฿133.4b | ฿21.4b | ฿2.7b | 18.1x | 49.1x | 6.2x |
| Thu, 26 Sep 2024 | ฿168.2b | ฿24.4b | ฿4.4b | 17.8x | 37.9x | 6.9x |
| Sat, 24 Aug 2024 | ฿157.9b | ฿24.2b | ฿4.2b | 15.2x | 37.5x | 6.5x |
| Mon, 22 Jul 2024 | ฿156.4b | ฿24.0b | ฿4.5b | 13.7x | 34.7x | 6.5x |
| Wed, 19 Jun 2024 | ฿163.4b | ฿24.0b | ฿4.5b | 14.6x | 36.3x | 6.8x |
| Fri, 17 May 2024 | ฿159.9b | ฿23.1b | ฿4.6b | 16.3x | 34.7x | 6.9x |
| Sun, 14 Apr 2024 | ฿163.6b | ฿23.1b | ฿4.5b | 15.8x | 36.4x | 7.1x |
| Tue, 12 Mar 2024 | ฿160.7b | ฿23.1b | ฿4.5b | 16x | 35.7x | 7x |
| Thu, 08 Feb 2024 | ฿125.1b | ฿21.2b | ฿5.4b | 15.5x | 23.3x | 5.9x |
| Sat, 06 Jan 2024 | ฿129.4b | ฿23.5b | ฿5.6b | 13.7x | 23.1x | 5.5x |
| Mon, 04 Dec 2023 | ฿122.1b | ฿23.7b | ฿5.6b | 12.9x | 21.8x | 5.2x |
| Wed, 01 Nov 2023 | ฿120.7b | ฿23.4b | ฿5.5b | 13.3x | 22.1x | 5.2x |
| Fri, 29 Sep 2023 | ฿136.6b | ฿23.5b | ฿5.5b | 14.2x | 24.9x | 5.8x |
| Sun, 27 Aug 2023 | ฿140.2b | ฿23.4b | ฿5.5b | 14.9x | 25.6x | 6x |
| Tue, 25 Jul 2023 | ฿130.8b | ฿23.8b | ฿6.3b | 12.7x | 20.9x | 5.5x |
| Thu, 22 Jun 2023 | ฿127.2b | ฿23.8b | ฿6.3b | 13x | 20.3x | 5.3x |
| Sat, 20 May 2023 | ฿127.4b | ฿23.8b | ฿6.2b | 13.2x | 20.5x | 5.4x |
| Mon, 17 Apr 2023 | ฿140.0b | ฿24.7b | ฿6.8b | 12.3x | 20.6x | 5.7x |
| Wed, 15 Mar 2023 | ฿113.6b | ฿24.5b | ฿6.8b | 12.1x | 16.7x | 4.6x |
| Fri, 10 Feb 2023 | ฿184.3b | ฿26.8b | ฿8.2b | 11.4x | 22.4x | 6.9x |
| Sun, 08 Jan 2023 | ฿187.2b | ฿26.8b | ฿8.2b | 10.7x | 22.8x | 7x |
| Tue, 06 Dec 2022 | ฿186.0b | ฿26.8b | ฿8.2b | 10.4x | 22.6x | 6.9x |
| Thu, 03 Nov 2022 | ฿189.9b | ฿27.2b | ฿8.7b | 9.4x | 21.7x | 7x |
| Sat, 01 Oct 2022 | ฿193.3b | ฿27.6b | ฿8.9b | 9.6x | 21.8x | 7x |
| Mon, 29 Aug 2022 | ฿186.4b | ฿28.3b | ฿9.2b | 10x | 20.2x | 6.6x |
| Wed, 27 Jul 2022 | ฿176.4b | ฿29.6b | ฿9.7b | 8.6x | 18.1x | 6x |
| Fri, 24 Jun 2022 | ฿185.5b | ฿29.6b | ฿9.7b | 8.5x | 19x | 6.3x |
Price to Earnings Ratio
19x
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 44.1x which is higher than its 3-year average PE of 31.6x.
- The industry is trading close to its 3-year average PS ratio of 6.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 34% per year over the last three years,
- Revenues have also declined 9.1% 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 | -1.81% | |
| Financials | -1.52% | |
| Capital Markets | -0.59% | |
| Asset Management | 0.15% | |
| Investment Banking and Brokerage | -0.72% | |
Industry PE
- Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 32.3x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 38% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MFC MFC Asset Management | ฿29.50 | 0.9% +฿31.4m | 51.3% | PE15.5x | |
| FSX Finansia X | ฿0.98 | 1.0% +฿8.2m | -55.5% | PS0.5x |