Narrative Update • Jun 02
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Thai (SET) Healthcare Sector Analysis
UpdatedJun 05, 2026
DataAggregated Company Financials
Companies52
- 7D0.2%
- 3M-2.0%
- 1Y-2.9%
- YTD-0.5%
Over the last 7 days, the Healthcare industry has remained flat. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 8.8% 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 |
|---|---|---|---|---|---|---|
| Fri, 05 Jun 2026 | ฿714.2b | ฿312.2b | ฿41.6b | 14.9x | 17.2x | 2.3x |
| Sun, 03 May 2026 | ฿717.5b | ฿309.5b | ฿41.8b | 14.3x | 17.2x | 2.3x |
| Tue, 31 Mar 2026 | ฿705.8b | ฿309.4b | ฿41.7b | 14x | 16.9x | 2.3x |
| Thu, 26 Feb 2026 | ฿791.8b | ฿309.4b | ฿36.0b | 16.1x | 22x | 2.6x |
| Sat, 24 Jan 2026 | ฿735.6b | ฿310.4b | ฿35.4b | 15.1x | 20.8x | 2.4x |
| Mon, 22 Dec 2025 | ฿719.3b | ฿310.4b | ฿35.4b | 15.8x | 20.3x | 2.3x |
| Wed, 19 Nov 2025 | ฿715.2b | ฿312.1b | ฿35.5b | 15.8x | 20.1x | 2.3x |
| Fri, 17 Oct 2025 | ฿756.9b | ฿310.8b | ฿35.9b | 16.5x | 21.1x | 2.4x |
| Sun, 14 Sep 2025 | ฿772.5b | ฿310.8b | ฿35.9b | 18.1x | 21.5x | 2.5x |
| Tue, 12 Aug 2025 | ฿802.1b | ฿308.6b | ฿35.7b | 17.2x | 22.5x | 2.6x |
| Thu, 10 Jul 2025 | ฿700.6b | ฿308.5b | ฿36.1b | 15.9x | 19.4x | 2.3x |
| Sat, 07 Jun 2025 | ฿729.9b | ฿308.5b | ฿36.1b | 17x | 20.2x | 2.4x |
| Mon, 05 May 2025 | ฿816.0b | ฿305.7b | ฿35.9b | 17.5x | 22.7x | 2.7x |
| Wed, 02 Apr 2025 | ฿786.2b | ฿306.1b | ฿36.2b | 17.2x | 21.7x | 2.6x |
| Fri, 28 Feb 2025 | ฿876.6b | ฿306.2b | ฿38.4b | 17.1x | 22.8x | 2.9x |
| Sun, 26 Jan 2025 | ฿876.6b | ฿304.6b | ฿37.5b | 18.1x | 23.4x | 2.9x |
| Tue, 24 Dec 2024 | ฿912.1b | ฿304.6b | ฿37.5b | 20.3x | 24.3x | 3x |
| Thu, 21 Nov 2024 | ฿962.7b | ฿301.4b | ฿37.5b | 21.4x | 25.7x | 3.2x |
| Sat, 19 Oct 2024 | ฿1.1t | ฿294.7b | ฿36.6b | 22.7x | 29.6x | 3.7x |
| Mon, 16 Sep 2024 | ฿1.1t | ฿293.4b | ฿36.3b | 22.8x | 29.7x | 3.7x |
| Wed, 14 Aug 2024 | ฿1.0t | ฿290.4b | ฿36.3b | 19.9x | 27.6x | 3.5x |
| Fri, 12 Jul 2024 | ฿1.0t | ฿289.9b | ฿35.9b | 23x | 28.3x | 3.5x |
| Sun, 09 Jun 2024 | ฿1.1t | ฿289.8b | ฿35.9b | 24.8x | 29.4x | 3.6x |
| Tue, 07 May 2024 | ฿1.1t | ฿283.3b | ฿34.9b | 24.2x | 31.1x | 3.8x |
| Thu, 04 Apr 2024 | ฿1.1t | ฿282.5b | ฿34.5b | 24.5x | 30.8x | 3.8x |
| Sat, 02 Mar 2024 | ฿1.1t | ฿281.8b | ฿34.3b | 25.6x | 30.8x | 3.8x |
| Mon, 29 Jan 2024 | ฿1.1t | ฿288.6b | ฿35.8b | 27.3x | 30.9x | 3.8x |
| Wed, 27 Dec 2023 | ฿1.1t | ฿288.6b | ฿35.8b | 28.6x | 30.5x | 3.8x |
| Fri, 24 Nov 2023 | ฿1.1t | ฿288.5b | ฿35.7b | 27.3x | 30.3x | 3.8x |
| Sun, 22 Oct 2023 | ฿1.1t | ฿282.0b | ฿33.9b | 28.8x | 32.8x | 3.9x |
| Tue, 19 Sep 2023 | ฿1.1t | ฿282.0b | ฿33.9b | 29.1x | 33.7x | 4x |
| Thu, 17 Aug 2023 | ฿1.1t | ฿282.0b | ฿33.9b | 28.2x | 33.3x | 4x |
| Sat, 15 Jul 2023 | ฿1.1t | ฿285.0b | ฿37.1b | 24.2x | 29.8x | 3.9x |
| Mon, 12 Jun 2023 | ฿1.2t | ฿281.7b | ฿36.8b | 25.7x | 31.3x | 4.1x |
Price to Earnings Ratio
31.3x
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 17.2x which is lower than its 3-year average PE of 25.6x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 4.1% per year over the last three years.
- Revenues for these companies have grown 3.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Healthcare sector?
| TH Market | 1.63% | |
| Healthcare | 0.16% | |
| Pharma | 2.62% | |
| Healthcare Services | 0.053% | |
| Biotech | 0% | 0 |
| Life Sciences | 0% | 0 |
| Medical Equipment | -0.55% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 38.4x.
- Analysts are expecting annual earnings growth of 56.7%, which is higher than its past year's earnings decline of 41.1% per year.
- Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 19.4x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 57% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 6.1% 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 | |
|---|---|---|---|---|---|
| BH Bumrungrad Hospital | ฿184.50 | 2.8% +฿4.0b | 34.2% | PE19.4x | |
| BDMS Bangkok Dusit Medical Services | ฿18.40 | 1.1% +฿3.2b | -14.0% | PE18.8x | |
| BIZ Business Alignment | ฿6.20 | 18.1% +฿570.7m | 91.4% | PE9.4x | |
| NEW Wattana Karnpaet | ฿120.00 | 24.4% +฿235.0m | 39.1% | PE29.5x | |
| TL-R Techlead Next | ฿0.42 | 7.7% +฿202.5m | -28.8% | PE39.9x |
