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Thai (SET) Healthcare Services Industry Analysis
UpdatedApr 10, 2026
DataAggregated Company Financials
Companies45
- 7D-0.7%
- 3M2.1%
- 1Y-13.7%
- YTD-0.8%
The Healthcare Services industry has stayed flat over the last week. Unfortunately though, the industry is down 11% over the past 12 months. As for the next few years, earnings are expected to grow by 6.1% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 10 Apr 2026 | ฿642.2b | ฿261.4b | ฿38.8b | 14.4x | 16.6x | 2.5x |
| Sun, 08 Mar 2026 | ฿653.9b | ฿264.4b | ฿38.8b | 14.4x | 16.8x | 2.5x |
| Tue, 03 Feb 2026 | ฿658.4b | ฿261.4b | ฿31.5b | 15.5x | 20.9x | 2.5x |
| Thu, 01 Jan 2026 | ฿644.2b | ฿261.4b | ฿31.5b | 15.9x | 20.5x | 2.5x |
| Sat, 29 Nov 2025 | ฿647.0b | ฿260.9b | ฿31.4b | 15.6x | 20.6x | 2.5x |
| Mon, 27 Oct 2025 | ฿683.5b | ฿260.7b | ฿32.0b | 17.2x | 21.4x | 2.6x |
| Wed, 24 Sep 2025 | ฿699.4b | ฿260.7b | ฿32.0b | 18.1x | 21.8x | 2.7x |
| Fri, 22 Aug 2025 | ฿703.3b | ฿260.7b | ฿32.0b | 17.8x | 22x | 2.7x |
| Sun, 20 Jul 2025 | ฿683.2b | ฿258.3b | ฿31.7b | 17x | 21.6x | 2.6x |
| Tue, 17 Jun 2025 | ฿668.7b | ฿258.3b | ฿31.7b | 16.8x | 21.1x | 2.6x |
| Thu, 15 May 2025 | ฿755.6b | ฿255.8b | ฿31.7b | 18.8x | 23.9x | 3x |
| Sat, 12 Apr 2025 | ฿733.6b | ฿256.5b | ฿32.0b | 18.2x | 22.9x | 2.9x |
| Mon, 10 Mar 2025 | ฿773.5b | ฿256.4b | ฿32.0b | 19.8x | 24.1x | 3x |
| Wed, 05 Feb 2025 | ฿774.1b | ฿256.2b | ฿34.5b | 18.5x | 22.4x | 3x |
| Fri, 03 Jan 2025 | ฿850.3b | ฿256.2b | ฿34.5b | 21.9x | 24.7x | 3.3x |
| Sun, 01 Dec 2024 | ฿868.9b | ฿254.0b | ฿34.2b | 21.7x | 25.4x | 3.4x |
| Tue, 29 Oct 2024 | ฿987.0b | ฿250.6b | ฿33.9b | 23x | 29.2x | 3.9x |
| Thu, 26 Sep 2024 | ฿1.0t | ฿249.7b | ฿33.6b | 25x | 30.3x | 4.1x |
| Sat, 24 Aug 2024 | ฿944.0b | ฿249.4b | ฿33.6b | 23.1x | 28.1x | 3.8x |
| Mon, 22 Jul 2024 | ฿943.1b | ฿246.8b | ฿33.7b | 22.5x | 28x | 3.8x |
| Wed, 19 Jun 2024 | ฿947.2b | ฿246.8b | ฿33.7b | 22.9x | 28.1x | 3.8x |
| Fri, 17 May 2024 | ฿1.0t | ฿246.2b | ฿33.6b | 26.2x | 30.3x | 4.1x |
| Sun, 14 Apr 2024 | ฿979.4b | ฿241.1b | ฿32.3b | 25.8x | 30.4x | 4.1x |
| Tue, 12 Mar 2024 | ฿1.0t | ฿240.9b | ฿32.2b | 26.4x | 31.4x | 4.2x |
| Thu, 08 Feb 2024 | ฿1.0t | ฿234.5b | ฿31.1b | 28.1x | 32.3x | 4.3x |
| Sat, 06 Jan 2024 | ฿1.0t | ฿247.8b | ฿33.3b | 29.5x | 31.2x | 4.2x |
| Mon, 04 Dec 2023 | ฿994.1b | ฿247.7b | ฿33.3b | 28.3x | 29.9x | 4x |
| Wed, 01 Nov 2023 | ฿1.0t | ฿243.0b | ฿31.6b | 28.2x | 32.9x | 4.3x |
| Fri, 29 Sep 2023 | ฿1.1t | ฿242.2b | ฿31.4b | 31.8x | 34x | 4.4x |
| Sun, 27 Aug 2023 | ฿1.1t | ฿241.9b | ฿31.2b | 29.4x | 34.3x | 4.4x |
| Tue, 25 Jul 2023 | ฿1.1t | ฿243.8b | ฿33.8b | 24.1x | 31.2x | 4.3x |
| Thu, 22 Jun 2023 | ฿1.1t | ฿241.8b | ฿33.5b | 25.6x | 31.8x | 4.4x |
| Sat, 20 May 2023 | ฿1.1t | ฿317.4b | ฿52.8b | 24x | 19.9x | 3.3x |
| Mon, 17 Apr 2023 | ฿1.1t | ฿250.4b | ฿38.8b | 20.5x | 28.7x | 4.5x |
Price to Earnings Ratio
28.7x
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 16.8x which is lower than its 3-year average PE of 26.5x.
- The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 2.5x.
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 industry?
| TH Market | 1.62% | |
| Healthcare | -1.03% | |
| Healthcare Services | -0.73% | |
| Healthcare Services | 0.41% | |
| Healthcare Distributors | -0.71% | |
| Healthcare Facilities | -0.76% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 25.7x.
- Analysts are expecting annual earnings growth of 25.1%, which is higher than its past year's earnings decline of 9.6% 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 Services industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 9.6% per year.
- In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 5.6% 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 | ฿170.00 | 0.9% +฿1.2b | 0.3% | PE18x | |
| KLINIQ Klinique Medical Clinic | ฿25.25 | 5.2% +฿275.0m | -17.2% | PE15.3x | |
| LPH Ladprao General Hospital | ฿3.76 | 2.2% +฿57.6m | 2.7% | PE13.8x | |
| NEW Wattana Karnpaet | ฿130.00 | 3.6% +฿45.0m | 34.0% | PE33.3x | |
| WINMED Winnergy Medical | ฿0.90 | 2.3% +฿8.0m | -20.4% | PE23.7x |