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Thai (SET) Healthcare Sector Analysis
UpdatedApr 21, 2026
DataAggregated Company Financials
Companies52
- 7D0.2%
- 3M-1.4%
- 1Y-12.1%
- YTD0.05%
In the last week, Healthcare has been flat. As for the longer term, the industry has declined 12% in the last year. Looking forward, earnings are forecast to grow by 8.1% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Apr 2026 | ฿718.1b | ฿309.4b | ฿41.7b | 14.2x | 17.2x | 2.3x |
| Thu, 19 Mar 2026 | ฿716.0b | ฿309.4b | ฿41.7b | 14.2x | 17.2x | 2.3x |
| Sat, 14 Feb 2026 | ฿783.8b | ฿310.4b | ฿35.4b | 15.6x | 22.1x | 2.5x |
| Mon, 12 Jan 2026 | ฿701.1b | ฿310.4b | ฿35.4b | 15.3x | 19.8x | 2.3x |
| Wed, 10 Dec 2025 | ฿712.0b | ฿310.4b | ฿35.4b | 15.1x | 20.1x | 2.3x |
| Fri, 07 Nov 2025 | ฿718.4b | ฿310.8b | ฿35.9b | 16x | 20x | 2.3x |
| 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 |
Price to Earnings Ratio
27.4x
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 17.3x which is lower than its 3-year average PE of 26.0x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- Both revenue and earnings for companies in the Healthcare industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Thai Healthcare sector?
| TH Market | -1.66% | |
| Healthcare | 0.18% | |
| Healthcare Services | 0.39% | |
| Biotech | 0% | 0 |
| Life Sciences | 0% | 0 |
| Medical Equipment | -1.39% | |
| Pharma | -1.73% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 34.0x.
- Analysts are expecting annual earnings growth of 55.9%, which is higher than its past year's earnings decline of 31.3% per year.
- Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 19.5x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 56% over the next 5 years.
- This is better than its past earnings decline of 31% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 5.5% 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 | |
|---|---|---|---|---|---|
| BH Bumrungrad Hospital | ฿175.00 | 1.4% +฿2.0b | 2.6% | PE18.5x | |
| PR9 Praram 9 Hospital | ฿16.90 | 3.0% +฿393.2m | -29.0% | PE16.2x | |
| SKR Sikarin | ฿7.15 | 1.4% +฿203.2m | 1.4% | PE19.3x | |
| CHG Chularat Hospital | ฿1.41 | 0.7% +฿110.0m | -20.3% | PE16.7x | |
| BIZ Business Alignment | ฿4.72 | 1.7% +฿48.1m | 47.5% | PE9.3x |