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Thai (SET) Diversified Financial Industry Analysis
UpdatedSep 26, 2025
DataAggregated Company Financials
Companies7
- 7D4.2%
- 3M52.9%
- 1Y4.5%
- YTD5.4%
In the last week, the Diversified Financial industry is up 3.0%, with Forth Smart Service up 8.0%. Meanwhile, AIRA Factoring actually underperformed within the industry, shrinking 11% in the last week. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 88% per annum.
Industry Valuation and Performance
Has the Thai Diversified Financial Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Sep 2025 | ฿10.2b | ฿3.6b | ฿304.4m | 13x | 33.6x | 2.8x |
| Sun, 24 Aug 2025 | ฿7.6b | ฿3.6b | ฿304.4m | 10.6x | 24.9x | 2.1x |
| Tue, 22 Jul 2025 | ฿8.4b | ฿7.6b | -฿5,378,800,990.00 | 10.6x | -1.6x | 1.1x |
| Thu, 19 Jun 2025 | ฿7.7b | ฿7.6b | -฿5,378,800,990.00 | 9.4x | -1.4x | 1x |
| Sat, 17 May 2025 | ฿9.5b | ฿9.0b | -฿5,973,988,990.00 | 11.4x | -1.6x | 1.1x |
| Mon, 14 Apr 2025 | ฿7.5b | ฿9.0b | -฿5,990,958,514.00 | 9.7x | -1.3x | 0.8x |
| Wed, 12 Mar 2025 | ฿8.6b | ฿9.0b | -฿5,990,958,514.00 | 10.5x | -1.4x | 1x |
| Fri, 07 Feb 2025 | ฿9.3b | ฿10.5b | -฿6,003,937,242.00 | 57.5x | -1.6x | 0.9x |
| Sun, 05 Jan 2025 | ฿10.6b | ฿10.5b | -฿6,003,937,242.00 | 54.8x | -1.8x | 1x |
| Tue, 03 Dec 2024 | ฿11.4b | ฿10.5b | -฿6,489,784,977.00 | 62.9x | -1.8x | 1.1x |
| Thu, 31 Oct 2024 | ฿10.0b | ฿11.7b | -฿5,079,331,593.00 | 13.3x | -2x | 0.9x |
| Sat, 28 Sep 2024 | ฿11.0b | ฿11.7b | -฿5,079,331,593.00 | 13.3x | -2.2x | 0.9x |
| Mon, 26 Aug 2024 | ฿9.7b | ฿11.7b | -฿5,079,331,593.00 | 13.6x | -1.9x | 0.8x |
| Wed, 24 Jul 2024 | ฿8.6b | ฿12.7b | -฿1,966,162,979.00 | 18.9x | -4.4x | 0.7x |
| Fri, 21 Jun 2024 | ฿9.4b | ฿12.7b | -฿1,966,162,979.00 | 18.2x | -4.8x | 0.7x |
| Sun, 19 May 2024 | ฿12.9b | ฿12.7b | -฿1,954,470,886.00 | 19.7x | -6.6x | 1x |
| Tue, 16 Apr 2024 | ฿14.2b | ฿13.4b | ฿205.8m | 15.8x | 69.2x | 1.1x |
| Thu, 14 Mar 2024 | ฿18.6b | ฿13.4b | ฿205.8m | 15.7x | 90.6x | 1.4x |
| Sat, 10 Feb 2024 | ฿19.4b | ฿13.5b | ฿1.2b | 14.3x | 16x | 1.4x |
| Mon, 08 Jan 2024 | ฿21.1b | ฿13.5b | ฿1.2b | 15.2x | 17.4x | 1.6x |
| Wed, 06 Dec 2023 | ฿19.7b | ฿13.5b | ฿1.2b | 14.6x | 16.2x | 1.5x |
| Fri, 03 Nov 2023 | ฿21.6b | ฿12.3b | ฿1.8b | 20.6x | 12.1x | 1.8x |
| Sun, 01 Oct 2023 | ฿26.0b | ฿12.3b | ฿1.8b | 24x | 14.5x | 2.1x |
| Tue, 29 Aug 2023 | ฿28.0b | ฿12.3b | ฿1.8b | 25.2x | 15.7x | 2.3x |
| Thu, 27 Jul 2023 | ฿27.9b | ฿10.6b | ฿2.0b | 18.6x | 13.7x | 2.6x |
| Sat, 24 Jun 2023 | ฿31.6b | ฿10.6b | ฿2.0b | 20.1x | 15.5x | 3x |
| Mon, 22 May 2023 | ฿35.1b | ฿10.6b | ฿2.0b | 21.7x | 17.3x | 3.3x |
| Wed, 19 Apr 2023 | ฿32.7b | ฿9.0b | ฿2.1b | 23.5x | 15.5x | 3.6x |
| Fri, 17 Mar 2023 | ฿7.2b | ฿1.6b | ฿322.6m | 30.7x | 22.3x | 4.4x |
| Sun, 12 Feb 2023 | ฿9.1b | ฿1.5b | ฿372.8m | 27.5x | 24.4x | 5.9x |
| Tue, 10 Jan 2023 | ฿9.2b | ฿1.5b | ฿372.8m | 28.7x | 24.7x | 6x |
| Thu, 08 Dec 2022 | ฿8.5b | ฿1.5b | ฿372.8m | 24.8x | 22.9x | 5.6x |
| Sat, 05 Nov 2022 | ฿8.6b | ฿1.5b | ฿391.7m | 22.9x | 22x | 5.9x |
| Mon, 03 Oct 2022 | ฿8.9b | ฿1.5b | ฿391.7m | 24x | 22.8x | 6.1x |
Price to Earnings Ratio
22.8x
Current Industry PE
- Investors are optimistic on the Thai Diversified Financial industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.1x which is higher than its 3-year average PE of 14.6x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Diversified Financial industry have declined 8.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 36% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Financials industry?
| TH Market | -0.70% | |
| Financials | 0.87% | |
| Diversified Financial | 4.17% | |
| Transaction and Payment Processing Services | 8.09% | |
| Multi-Sector Holdings | 0% | 0 |
| Specialized Finance | -2.83% | |
Industry PE
- Investors are most optimistic about the Transaction and Payment Processing Services industry, which is trading close to its 3-year average PE ratio of 13.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Specialized Finance industry, expecting annual earnings growth of 88% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Specialized Finance industry is expected to see its earnings grow by 88% 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 | |
|---|---|---|---|---|---|
| FSMART Forth Smart Service | ฿9.45 | 6.2% +฿414.2m | 56.2% | PE13.1x | |
| WSOL WSOL | ฿0.40 | 14.3% +฿121.6m | -54.5% | PS0.3x |