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Thai (SET) Asset Management Industry Analysis
UpdatedDec 26, 2025
DataAggregated Company Financials
Companies5
- 7D11.7%
- 3M-3.1%
- 1Y-9.8%
- YTDn/a
The Asset Management is pretty flat in the last 7 days, but AIRA Capital has stood out, gaining 12%. Unfortunately though, the industry is down 18% over the past 12 months.
Industry Valuation and Performance
Has the Thai Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Dec 2025 | ฿12.0b | ฿2.6b | ฿248.0m | 7.8x | 48.5x | 4.7x |
| Mon, 24 Nov 2025 | ฿11.3b | ฿2.6b | ฿248.8m | 7.6x | 45.2x | 4.4x |
| Wed, 22 Oct 2025 | ฿12.0b | ฿2.6b | ฿244.4m | 8.3x | 49.2x | 4.7x |
| Fri, 19 Sep 2025 | ฿11.2b | ฿2.6b | ฿244.4m | 8.5x | 46x | 4.4x |
| Sun, 17 Aug 2025 | ฿12.0b | ฿2.6b | ฿239.1m | 9x | 50.1x | 4.5x |
| Tue, 15 Jul 2025 | ฿12.0b | ฿2.5b | ฿268.6m | 8.9x | 44.5x | 4.7x |
| Thu, 12 Jun 2025 | ฿12.9b | ฿2.5b | ฿268.6m | 9.2x | 48x | 5.1x |
| Sat, 10 May 2025 | ฿12.5b | ฿2.2b | ฿90.9m | 15.1x | 137.8x | 5.7x |
| Mon, 07 Apr 2025 | ฿12.3b | ฿2.2b | ฿90.9m | 13.8x | 135.1x | 5.6x |
| Wed, 05 Mar 2025 | ฿10.9b | ฿2.2b | ฿90.9m | 13.8x | 120.3x | 5x |
| Fri, 31 Jan 2025 | ฿14.0b | ฿2.1b | -฿31,456,060.00 | 17x | -446x | 6.7x |
| Sun, 29 Dec 2024 | ฿12.7b | ฿2.1b | -฿31,456,060.00 | 16.3x | -404.5x | 6.1x |
| Tue, 26 Nov 2024 | ฿11.9b | ฿2.1b | -฿31,456,060.00 | 15.4x | -378.5x | 5.6x |
| Thu, 24 Oct 2024 | ฿11.9b | ฿1.9b | -฿40,941,135.00 | 18x | -291x | 6.2x |
| Sat, 21 Sep 2024 | ฿43.4b | ฿4.9b | ฿1.7b | 16.2x | 25.8x | 8.9x |
| Mon, 19 Aug 2024 | ฿34.0b | ฿4.9b | ฿1.7b | 12.6x | 20.2x | 7x |
| Wed, 17 Jul 2024 | ฿36.6b | ฿4.8b | ฿1.7b | 13.7x | 21.7x | 7.6x |
| Fri, 14 Jun 2024 | ฿40.2b | ฿4.8b | ฿1.7b | 14.4x | 23.8x | 8.3x |
| Sun, 12 May 2024 | ฿42.1b | ฿4.5b | ฿1.5b | 16.2x | 27.5x | 9.3x |
| Tue, 09 Apr 2024 | ฿44.6b | ฿4.5b | ฿1.5b | 17.3x | 29.2x | 9.9x |
| Thu, 07 Mar 2024 | ฿43.0b | ฿4.8b | ฿1.5b | 16.5x | 28.1x | 9x |
| Sat, 03 Feb 2024 | ฿40.3b | ฿4.9b | ฿2.0b | 13.4x | 19.7x | 8.3x |
| Mon, 01 Jan 2024 | ฿41.4b | ฿4.9b | ฿2.0b | 13.3x | 20.3x | 8.5x |
| Wed, 29 Nov 2023 | ฿41.2b | ฿4.9b | ฿2.0b | 13.4x | 20.2x | 8.5x |
| Fri, 27 Oct 2023 | ฿43.0b | ฿5.1b | ฿2.4b | 12.9x | 17.9x | 8.4x |
| Sun, 24 Sep 2023 | ฿48.8b | ฿5.1b | ฿2.4b | 14.5x | 20.3x | 9.5x |
| Tue, 22 Aug 2023 | ฿47.4b | ฿5.1b | ฿2.4b | 14.4x | 19.8x | 9.3x |
| Thu, 20 Jul 2023 | ฿49.6b | ฿5.4b | ฿2.8b | 13x | 17.5x | 9.2x |
| Sat, 17 Jun 2023 | ฿50.6b | ฿5.4b | ฿2.8b | 13.3x | 17.9x | 9.4x |
| Mon, 15 May 2023 | ฿54.2b | ฿5.4b | ฿2.9b | 13.5x | 18.5x | 10x |
| Wed, 12 Apr 2023 | ฿60.1b | ฿5.4b | ฿2.9b | 15x | 20.5x | 11.1x |
| Fri, 10 Mar 2023 | ฿61.2b | ฿5.5b | ฿2.9b | 14.9x | 20.8x | 11.1x |
| Sun, 05 Feb 2023 | ฿68.3b | ฿5.4b | ฿3.2b | 18.4x | 21.6x | 12.6x |
| Tue, 03 Jan 2023 | ฿69.3b | ฿5.4b | ฿3.2b | 18x | 21.9x | 12.8x |
Price to Earnings Ratio
21.9x
Current Industry PE
- Investors are optimistic on the Thai Asset Management and Custody Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 43.4x which is higher than its 3-year average PE of -20.1x.
- The 3-year average PS ratio of 7.7x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have declined 57% per year over the last three years,
- Revenues have also declined 22% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Thai Asset Management compare with similar industries?
| TH Market | 1.17% | |
| Financials | -0.72% | |
| Capital Markets | 2.64% | |
| Asset Management | 11.73% | |
| Investment Banking and Brokerage | 1.14% | |
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 | |
|---|---|---|---|---|---|
| AIRA AIRA Capital | ฿1.26 | 22.3% +฿1.5b | -2.3% | PS10.9x | |
| MII MFC Industrial Investment Property and Leasehold Fund | ฿4.42 | 0.5% +฿3.4m | -30.4% | n/a |