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Thai (SET) Asset Management Industry Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies5
- 7D5.7%
- 3M8.1%
- 1Y-1.5%
- YTDn/a
The Asset Management industry is up 5.7% in the last week, with AIRA Capital up 8.7%. The industry has been flat over the past 12 months despite the gain this week.
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 |
|---|---|---|---|---|---|---|
| Mon, 02 Mar 2026 | ฿11.5b | ฿2.7b | ฿230.0m | 8.9x | 50.2x | 4.2x |
| Wed, 28 Jan 2026 | ฿10.5b | ฿2.6b | ฿248.0m | 7.6x | 42.4x | 4.1x |
| Fri, 26 Dec 2025 | ฿12.0b | ฿2.6b | ฿248.0m | 7.8x | 48.5x | 4.7x |
| Sun, 23 Nov 2025 | ฿11.3b | ฿2.6b | ฿248.8m | 7.6x | 45.2x | 4.4x |
| Tue, 21 Oct 2025 | ฿12.3b | ฿2.6b | ฿244.4m | 8.3x | 50.4x | 4.8x |
| Thu, 18 Sep 2025 | ฿11.3b | ฿2.6b | ฿244.4m | 8.7x | 46.4x | 4.4x |
| Sat, 16 Aug 2025 | ฿12.0b | ฿2.6b | ฿285.9m | 8.5x | 41.9x | 4.6x |
| Mon, 14 Jul 2025 | ฿11.9b | ฿2.5b | ฿268.6m | 8.9x | 44.2x | 4.7x |
| Wed, 11 Jun 2025 | ฿13.0b | ฿2.5b | ฿268.6m | 9.2x | 48.4x | 5.1x |
| Fri, 09 May 2025 | ฿12.3b | ฿2.2b | ฿90.9m | 15.1x | 135x | 5.6x |
| Sun, 06 Apr 2025 | ฿12.3b | ฿2.2b | ฿90.9m | 13.8x | 135.1x | 5.6x |
| Tue, 04 Mar 2025 | ฿10.9b | ฿2.2b | ฿90.9m | 13.8x | 120.1x | 5x |
| Thu, 30 Jan 2025 | ฿14.0b | ฿2.1b | -฿31,456,060.00 | 17x | -446x | 6.7x |
| Sat, 28 Dec 2024 | ฿12.7b | ฿2.1b | -฿31,456,060.00 | 16.3x | -404.5x | 6.1x |
| Mon, 25 Nov 2024 | ฿11.7b | ฿2.1b | -฿31,456,060.00 | 15.6x | -373.5x | 5.6x |
| Wed, 23 Oct 2024 | ฿11.9b | ฿1.9b | -฿40,941,135.00 | 18x | -291x | 6.2x |
| Fri, 20 Sep 2024 | ฿44.0b | ฿4.9b | ฿1.7b | 16.2x | 26.2x | 9x |
| Sun, 18 Aug 2024 | ฿34.0b | ฿4.9b | ฿1.7b | 12.6x | 20.2x | 7x |
| Tue, 16 Jul 2024 | ฿38.2b | ฿4.8b | ฿1.7b | 13.8x | 22.6x | 7.9x |
| Thu, 13 Jun 2024 | ฿40.5b | ฿4.8b | ฿1.7b | 14.6x | 24x | 8.4x |
| Sat, 11 May 2024 | ฿42.1b | ฿4.5b | ฿1.5b | 16.2x | 27.5x | 9.3x |
| Mon, 08 Apr 2024 | ฿44.6b | ฿4.5b | ฿1.5b | 17.3x | 29.2x | 9.9x |
| Wed, 06 Mar 2024 | ฿41.8b | ฿4.8b | ฿1.5b | 15.9x | 27.3x | 8.7x |
| Fri, 02 Feb 2024 | ฿39.8b | ฿4.9b | ฿2.0b | 13.3x | 19.5x | 8.2x |
| Sun, 31 Dec 2023 | ฿41.4b | ฿4.9b | ฿2.0b | 13.3x | 20.3x | 8.5x |
| Tue, 28 Nov 2023 | ฿40.6b | ฿4.9b | ฿2.0b | 13.2x | 19.9x | 8.4x |
| Thu, 26 Oct 2023 | ฿43.9b | ฿5.1b | ฿2.4b | 13.2x | 18.3x | 8.6x |
| Sat, 23 Sep 2023 | ฿48.8b | ฿5.1b | ฿2.4b | 14.5x | 20.3x | 9.5x |
| Mon, 21 Aug 2023 | ฿47.4b | ฿5.1b | ฿2.4b | 14x | 19.8x | 9.3x |
| Wed, 19 Jul 2023 | ฿49.6b | ฿5.4b | ฿2.8b | 13x | 17.5x | 9.2x |
| Fri, 16 Jun 2023 | ฿50.3b | ฿5.4b | ฿2.8b | 13.3x | 17.7x | 9.3x |
| Sun, 14 May 2023 | ฿54.2b | ฿5.4b | ฿2.9b | 13.5x | 18.5x | 10x |
| Tue, 11 Apr 2023 | ฿59.0b | ฿5.4b | ฿2.9b | 14.9x | 20.1x | 10.9x |
| Thu, 09 Mar 2023 | ฿60.9b | ฿5.5b | ฿2.9b | 14.8x | 20.7x | 11x |
Price to Earnings Ratio
20.7x
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 46.5x which is higher than its 3-year average PE of -18.6x.
- The 3-year average PS ratio of 7.2x is higher than the industry's current PS ratio of 4.5x.
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 23% 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 | 3.27% | |
| Financials | -0.48% | |
| Capital Markets | 1.48% | |
| Asset Management | 5.67% | |
| Investment Banking and Brokerage | 0.83% | |
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 | ฿1.13 | 8.7% +฿568.3m | 2.7% | PS8.9x | |
| MII MFC Industrial Investment Property and Leasehold Fund | ฿4.98 | 6.0% +฿48.2m | -11.9% | n/a | |
| TH Tong Hua Holding | ฿0.51 | 4.1% +฿20.0m | -20.3% | PE5.1x | |
| MFC MFC Asset Management | ฿24.20 | 0.4% +฿12.6m | -3.2% | PE12.7x |