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Thai (SET) Capital Markets Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies20
- 7D2.3%
- 3M-0.2%
- 1Y-0.7%
- YTD1.0%
In the last week, the Capital Markets industry is up 2.3%, with KGI Securities (Thailand) up 6.5%. During this same period, the MFC Asset Management underperformed, falling 7.0%. The industry has been flat over the past 12 months despite the gain this week.
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 |
|---|---|---|---|---|---|---|
| Sun, 10 May 2026 | ฿152.5b | ฿22.5b | ฿1.9b | 21x | 81x | 6.8x |
| Tue, 07 Apr 2026 | ฿153.5b | ฿22.5b | ฿1.9b | 21.4x | 81.5x | 6.8x |
| Thu, 05 Mar 2026 | ฿152.8b | ฿22.5b | ฿2.2b | 18x | 69.6x | 6.8x |
| Sat, 31 Jan 2026 | ฿151.1b | ฿23.0b | ฿2.5b | 17.4x | 60.4x | 6.6x |
| Mon, 29 Dec 2025 | ฿152.1b | ฿23.1b | ฿2.6b | 14.8x | 59x | 6.6x |
| Wed, 26 Nov 2025 | ฿150.5b | ฿23.1b | ฿2.6b | 15.3x | 58.4x | 6.5x |
| Fri, 24 Oct 2025 | ฿153.8b | ฿23.3b | ฿2.7b | 24.5x | 57.4x | 6.6x |
| Sun, 21 Sep 2025 | ฿155.5b | ฿23.3b | ฿2.7b | 30x | 58x | 6.7x |
| Tue, 19 Aug 2025 | ฿124.2b | ฿22.2b | ฿2.6b | 27x | 46.9x | 5.6x |
| Thu, 17 Jul 2025 | ฿124.6b | ฿22.5b | ฿2.6b | 13.4x | 48.7x | 5.5x |
| Sat, 14 Jun 2025 | ฿124.5b | ฿22.2b | ฿2.8b | 13.4x | 44.3x | 5.6x |
| Mon, 12 May 2025 | ฿125.8b | ฿22.3b | ฿3.2b | 13.5x | 39.5x | 5.6x |
| Wed, 09 Apr 2025 | ฿124.5b | ฿22.4b | ฿3.3b | 12.2x | 37.9x | 5.6x |
| Fri, 07 Mar 2025 | ฿119.1b | ฿20.5b | ฿3.0b | 13.4x | 40.3x | 5.8x |
| Sun, 02 Feb 2025 | ฿129.8b | ฿21.9b | ฿2.0b | 15.2x | 65.1x | 5.9x |
| Tue, 31 Dec 2024 | ฿131.4b | ฿21.7b | ฿1.9b | 16x | 68.7x | 6x |
| Thu, 28 Nov 2024 | ฿129.3b | ฿21.7b | ฿1.9b | 16x | 67.6x | 5.9x |
| Sat, 26 Oct 2024 | ฿133.2b | ฿21.4b | ฿2.7b | 18.2x | 49x | 6.2x |
| Mon, 23 Sep 2024 | ฿168.8b | ฿24.4b | ฿4.4b | 18.2x | 38x | 6.9x |
| Wed, 21 Aug 2024 | ฿154.1b | ฿24.3b | ฿4.3b | 14.3x | 35.9x | 6.4x |
| Fri, 19 Jul 2024 | ฿157.5b | ฿24.0b | ฿4.5b | 13.8x | 35x | 6.6x |
| Sun, 16 Jun 2024 | ฿163.3b | ฿24.0b | ฿4.5b | 14.7x | 36.3x | 6.8x |
| Tue, 14 May 2024 | ฿159.3b | ฿23.0b | ฿4.6b | 15.5x | 34.7x | 6.9x |
| Thu, 11 Apr 2024 | ฿165.1b | ฿23.1b | ฿4.5b | 15.7x | 36.7x | 7.1x |
| Sat, 09 Mar 2024 | ฿160.1b | ฿23.2b | ฿4.9b | 16.1x | 33x | 6.9x |
| Mon, 05 Feb 2024 | ฿83.8b | ฿19.5b | ฿4.3b | 13.4x | 19.3x | 4.3x |
| Wed, 03 Jan 2024 | ฿128.4b | ฿23.7b | ฿5.6b | 13x | 22.9x | 5.4x |
| Fri, 01 Dec 2023 | ฿121.8b | ฿23.7b | ฿5.6b | 12.7x | 21.7x | 5.1x |
| Sun, 29 Oct 2023 | ฿123.5b | ฿23.4b | ฿5.5b | 13.3x | 22.6x | 5.3x |
| Tue, 26 Sep 2023 | ฿136.3b | ฿23.5b | ฿5.5b | 14.4x | 24.9x | 5.8x |
| Thu, 24 Aug 2023 | ฿137.4b | ฿23.5b | ฿5.5b | 14.1x | 24.9x | 5.9x |
| Sat, 22 Jul 2023 | ฿131.6b | ฿23.8b | ฿6.3b | 12.7x | 21x | 5.5x |
| Mon, 19 Jun 2023 | ฿128.3b | ฿23.8b | ฿6.3b | 13x | 20.5x | 5.4x |
| Wed, 17 May 2023 | ฿128.9b | ฿24.1b | ฿6.5b | 12.5x | 20x | 5.3x |
Price to Earnings Ratio
20x
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 81.0x which is higher than its 3-year average PE of 43.5x.
- The 3-year average PS ratio of 6.1x 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 34% per year over the last three years,
- Revenues have also declined 2.3% 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 | 0.46% | |
| Financials | 0.02% | |
| Capital Markets | 2.35% | |
| Investment Banking and Brokerage | 2.67% | |
| Asset Management | 0.29% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 44.8x.
- 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 | |
|---|---|---|---|---|---|
| KGI KGI Securities (Thailand) | ฿4.28 | 6.5% +฿517.9m | 7.0% | PE9.8x | |
| AIRA AIRA Capital | ฿1.09 | 2.8% +฿189.4m | -16.2% | PS9.4x | |
| FSX Finansia X | ฿1.29 | 10.3% +฿136.7m | 3.2% | PS1.2x | |
| ASP Asia Plus Group Holdings | ฿2.12 | 2.9% +฿121.9m | 5.0% | PE22x | |
| XPG XSpring Capital | ฿0.45 | 2.3% +฿107.0m | -44.4% | PE26.7x |