Have your own idea? Try our Stock Screener
Thai (SET) Healthcare Sector Analysis
UpdatedOct 05, 2025
DataAggregated Company Financials
Companies53
- 7D-1.3%
- 3M5.4%
- 1Y-31.1%
- YTD-19.7%
Over the last 7 days, the Healthcare industry has dropped 1.3%, driven by Bangkok Dusit Medical Services declining 1.5%. In contrast, Chiang Mai Ram Medical Business has gained 14%. The industry has fallen 31% in the last year. Earnings are forecast to grow by 8.7% annually.
Sector Valuation and Performance
Has the Thai Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 Oct 2025 | ฿757.9b | ฿310.8b | ฿35.9b | 17.6x | 21.1x | 2.4x |
| Tue, 02 Sep 2025 | ฿756.8b | ฿310.8b | ฿35.9b | 17.1x | 21.1x | 2.4x |
| Thu, 31 Jul 2025 | ฿768.5b | ฿308.5b | ฿36.1b | 17.1x | 21.3x | 2.5x |
| Sat, 28 Jun 2025 | ฿700.0b | ฿308.5b | ฿36.1b | 15.5x | 19.4x | 2.3x |
| Mon, 26 May 2025 | ฿741.2b | ฿308.5b | ฿36.1b | 16.3x | 20.5x | 2.4x |
| Wed, 23 Apr 2025 | ฿812.3b | ฿306.1b | ฿36.2b | 17.5x | 22.4x | 2.7x |
| Fri, 21 Mar 2025 | ฿826.9b | ฿306.1b | ฿36.2b | 18.1x | 22.8x | 2.7x |
| Sun, 16 Feb 2025 | ฿821.1b | ฿304.6b | ฿37.5b | 17x | 21.9x | 2.7x |
| Tue, 14 Jan 2025 | ฿895.2b | ฿304.6b | ฿37.5b | 20x | 23.9x | 2.9x |
| Thu, 12 Dec 2024 | ฿946.4b | ฿302.6b | ฿37.3b | 20.5x | 25.4x | 3.1x |
| Sat, 09 Nov 2024 | ฿993.6b | ฿296.5b | ฿37.0b | 22.2x | 26.9x | 3.4x |
| Mon, 07 Oct 2024 | ฿1.1t | ฿293.9b | ฿36.3b | 22.8x | 29.2x | 3.6x |
| Wed, 04 Sep 2024 | ฿1.0t | ฿293.4b | ฿36.3b | 22.6x | 28.2x | 3.5x |
| Fri, 02 Aug 2024 | ฿990.2b | ฿289.9b | ฿35.9b | 20.6x | 27.6x | 3.4x |
| Sun, 30 Jun 2024 | ฿1.0t | ฿289.9b | ฿35.9b | 22.9x | 28.6x | 3.5x |
| Tue, 28 May 2024 | ฿1.1t | ฿289.1b | ฿35.9b | 24.6x | 30.3x | 3.8x |
| Thu, 25 Apr 2024 | ฿1.1t | ฿282.6b | ฿34.5b | 23.7x | 30.8x | 3.8x |
| Sat, 23 Mar 2024 | ฿1.1t | ฿282.5b | ฿34.5b | 24.9x | 31.3x | 3.8x |
| Mon, 19 Feb 2024 | ฿1.1t | ฿275.8b | ฿33.6b | 27.4x | 31.7x | 3.9x |
| Wed, 17 Jan 2024 | ฿1.1t | ฿288.6b | ฿35.8b | 27.7x | 31.4x | 3.9x |
| Fri, 15 Dec 2023 | ฿1.0t | ฿288.5b | ฿35.8b | 25.9x | 29.3x | 3.6x |
| Sun, 12 Nov 2023 | ฿1.1t | ฿285.6b | ฿35.9b | 26.7x | 30.4x | 3.8x |
| Tue, 10 Oct 2023 | ฿1.1t | ฿282.0b | ฿33.9b | 28.3x | 32.9x | 4x |
| Thu, 07 Sep 2023 | ฿1.1t | ฿281.7b | ฿33.8b | 28.2x | 33.9x | 4.1x |
| Sat, 05 Aug 2023 | ฿1.1t | ฿285.0b | ฿37.1b | 23.4x | 30.1x | 3.9x |
| Mon, 03 Jul 2023 | ฿1.1t | ฿283.0b | ฿36.8b | 24.6x | 30x | 3.9x |
| Wed, 31 May 2023 | ฿1.1t | ฿281.7b | ฿36.8b | 26x | 31x | 4.1x |
| Fri, 28 Apr 2023 | ฿1.2t | ฿292.9b | ฿43.1b | 19.7x | 27.4x | 4x |
| Sun, 26 Mar 2023 | ฿1.2t | ฿292.9b | ฿43.1b | 19.1x | 27x | 4x |
| Tue, 21 Feb 2023 | ฿1.2t | ฿298.7b | ฿49.7b | 19.1x | 24.1x | 4x |
| Thu, 19 Jan 2023 | ฿1.2t | ฿300.9b | ฿51.3b | 18.8x | 23x | 3.9x |
| Sat, 17 Dec 2022 | ฿1.1t | ฿299.1b | ฿51.1b | 18.1x | 21.9x | 3.7x |
| Mon, 14 Nov 2022 | ฿1.2t | ฿299.4b | ฿53.8b | 16.4x | 22.6x | 4.1x |
| Wed, 12 Oct 2022 | ฿1.2t | ฿310.5b | ฿62.6b | 15.3x | 18.5x | 3.7x |
Price to Earnings Ratio
18.5x
Current Industry PE
- Investors are pessimistic on the Thai Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 21.1x which is lower than its 3-year average PE of 26.6x.
- The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 17% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 Healthcare sector?
| TH Market | 1.14% | |
| Healthcare | -1.26% | |
| Pharma | 1.34% | |
| Medical Equipment | 0.036% | |
| Biotech | 0% | 0 |
| Life Sciences | 0% | 0 |
| Healthcare Services | -1.45% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 27.2x.
- Analysts are expecting annual earnings growth of 8.5%, which is higher than its past year's earnings decline of 2.6% per year.
- Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 20.1x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 12% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 8.5% 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 | |
|---|---|---|---|---|---|
| CMR Chiang Mai Ram Medical Business | ฿1.71 | 14.0% +฿854.9m | -8.6% | PE81.7x | |
| MEGA Mega Lifesciences | ฿31.50 | 2.4% +฿653.9m | -18.2% | PE14.7x | |
| LPH Ladprao General Hospital | ฿3.98 | 3.1% +฿86.4m | -15.0% | PE19.5x | |
| BIZ Business Alignment | ฿3.92 | 3.7% +฿84.1m | 14.0% | PE10.8x | |
| TMAN T.Man Pharmaceutical | ฿11.80 | 1.7% +฿80.0m | n/a | PE10.7x |