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Thai (SET) Healthcare Services Industry Analysis
UpdatedMay 12, 2025
DataAggregated Company Financials
Companies44
- 7D-0.04%
- 3M-0.2%
- 1Y-27.0%
- YTD-11.3%
Over the last 7 days, the Healthcare Services industry has remained flat. Unfortunately though, the industry is down 27% over the past 12 months. Earnings are forecast to grow by 9.2% annually.
Industry Valuation and Performance
Has the Thai Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 12 May 2025 | ฿754.1b | ฿256.0b | ฿31.7b | 18.4x | 23.8x | 2.9x |
| Wed, 09 Apr 2025 | ฿709.2b | ฿256.5b | ฿32.0b | 17.5x | 22.1x | 2.8x |
| Fri, 07 Mar 2025 | ฿769.8b | ฿256.9b | ฿32.1b | 19.6x | 24x | 3x |
| Sun, 02 Feb 2025 | ฿788.9b | ฿256.2b | ฿34.5b | 19.1x | 22.9x | 3.1x |
| Tue, 31 Dec 2024 | ฿847.2b | ฿256.2b | ฿34.5b | 21.6x | 24.6x | 3.3x |
| Thu, 28 Nov 2024 | ฿872.5b | ฿254.0b | ฿34.2b | 21.5x | 25.5x | 3.4x |
| Sat, 26 Oct 2024 | ฿992.0b | ฿250.6b | ฿33.9b | 23.7x | 29.3x | 4x |
| Mon, 23 Sep 2024 | ฿1.0t | ฿249.4b | ฿33.6b | 22.7x | 30.2x | 4.1x |
| Wed, 21 Aug 2024 | ฿930.3b | ฿249.3b | ฿33.6b | 22.9x | 27.7x | 3.7x |
| Fri, 19 Jul 2024 | ฿947.4b | ฿246.8b | ฿33.7b | 23.7x | 28.1x | 3.8x |
| Sun, 16 Jun 2024 | ฿965.2b | ฿246.8b | ฿33.7b | 23.5x | 28.7x | 3.9x |
| Tue, 14 May 2024 | ฿1.0t | ฿242.1b | ฿32.8b | 27.1x | 31.1x | 4.2x |
| Thu, 11 Apr 2024 | ฿991.6b | ฿241.1b | ฿32.3b | 26.2x | 30.7x | 4.1x |
| Sat, 09 Mar 2024 | ฿1.0t | ฿241.0b | ฿32.2b | 26.1x | 31.2x | 4.2x |
| Mon, 05 Feb 2024 | ฿1.1t | ฿247.8b | ฿33.3b | 27.9x | 31.5x | 4.2x |
| Wed, 03 Jan 2024 | ฿1.0t | ฿247.8b | ฿33.3b | 29.7x | 31.2x | 4.2x |
| Fri, 01 Dec 2023 | ฿1.0t | ฿247.7b | ฿33.3b | 28x | 30.1x | 4x |
| Sun, 29 Oct 2023 | ฿1.0t | ฿243.0b | ฿31.6b | 28.2x | 32.6x | 4.2x |
| Tue, 26 Sep 2023 | ฿1.1t | ฿242.2b | ฿31.3b | 32.4x | 34.2x | 4.4x |
| Thu, 24 Aug 2023 | ฿1.1t | ฿241.9b | ฿31.2b | 28.4x | 34.5x | 4.5x |
| Sat, 22 Jul 2023 | ฿1.1t | ฿243.8b | ฿33.8b | 24.4x | 31.2x | 4.3x |
| Mon, 19 Jun 2023 | ฿1.1t | ฿241.8b | ฿33.5b | 26.9x | 32x | 4.4x |
| Wed, 17 May 2023 | ฿1.1t | ฿252.1b | ฿38.6b | 19.6x | 28.3x | 4.3x |
| Fri, 14 Apr 2023 | ฿1.1t | ฿250.4b | ฿38.8b | 20.5x | 28.7x | 4.5x |
| Sun, 12 Mar 2023 | ฿1.1t | ฿256.6b | ฿42.6b | 19.4x | 25.3x | 4.2x |
| Tue, 07 Feb 2023 | ฿1.1t | ฿257.0b | ฿45.3b | 19.9x | 24.8x | 4.4x |
| Thu, 05 Jan 2023 | ฿1.1t | ฿254.3b | ฿44.8b | 19x | 24.1x | 4.2x |
| Sat, 03 Dec 2022 | ฿1.1t | ฿254.0b | ฿44.9b | 18.8x | 23.8x | 4.2x |
| Mon, 31 Oct 2022 | ฿1.1t | ฿259.7b | ฿52.0b | 15.6x | 21x | 4.2x |
| Wed, 28 Sep 2022 | ฿1.1t | ฿259.7b | ฿52.1b | 14.4x | 20.9x | 4.2x |
| Fri, 26 Aug 2022 | ฿1.1t | ฿259.7b | ฿52.1b | 15.7x | 20.8x | 4.2x |
| Sun, 24 Jul 2022 | ฿1.0t | ฿245.9b | ฿48.2b | 13.9x | 20.9x | 4.1x |
| Tue, 21 Jun 2022 | ฿935.9b | ฿245.9b | ฿48.2b | 13.4x | 19.4x | 3.8x |
| Thu, 19 May 2022 | ฿970.4b | ฿243.5b | ฿47.2b | 14.3x | 20.6x | 4x |
Price to Earnings Ratio
20.6x
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 23.8x which is lower than its 3-year average PE of 27.0x.
- The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 12% 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 industry?
| TH Market | 0.99% | |
| Healthcare | -0.089% | |
| Healthcare Services | -0.036% | |
| Healthcare Facilities | 0.022% | |
| Healthcare Distributors | -1.46% | |
| Healthcare Services | -1.65% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry even though it's trading below its 3-year average PE ratio of 27.2x.
- Analysts are expecting annual earnings growth of 9.1%, which is higher than its past year's earnings decline of 6.5% per year.
- Investors are most pessimistic about the Healthcare Distributors industry, which is trading below its 3-year average of 17.0x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 20% per year.
- In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 9.1% 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 | |
|---|---|---|---|---|---|
| BDMS Bangkok Dusit Medical Services | ฿24.20 | 0.8% +฿3.2b | -16.6% | PE24.1x | |
| BCH Bangkok Chain Hospital | ฿15.40 | 4.1% +฿1.5b | -23.4% | PE29.9x | |
| CHG Chularat Hospital | ฿1.88 | 3.3% +฿660.0m | -35.2% | PE21.4x | |
| CMR Chiang Mai Ram Medical Business | ฿1.26 | 4.1% +฿203.6m | -36.4% | PE39.3x | |
| KDH Thonburi Medical Centre | ฿94.75 | 10.2% +฿169.6m | 3.0% | PE12.8x |