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Thai (SET) Industrials Sector Analysis
UpdatedJun 15, 2025
DataAggregated Company Financials
Companies168
- 7D-4.5%
- 3M-17.4%
- 1Y-41.5%
- YTD-39.2%
Over the last 7 days, the Industrials industry has dropped 4.5%, driven by a pullback from Airports of Thailand of 6.3%. The industry has fallen 41% in the last year. Looking forward, earnings are forecast to grow by 7.5% annually.
Sector Valuation and Performance
Has the Thai Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 16 Jun 2025 | ฿928.4b | ฿791.5b | ฿49.7b | 10.2x | 18.7x | 1.2x |
| Wed, 14 May 2025 | ฿1.1t | ฿838.1b | ฿44.0b | 12.1x | 24.8x | 1.3x |
| Fri, 11 Apr 2025 | ฿1.1t | ฿836.3b | ฿42.7b | 11.6x | 24.9x | 1.3x |
| Sun, 09 Mar 2025 | ฿1.2t | ฿839.6b | ฿43.4b | 12x | 26.8x | 1.4x |
| Tue, 04 Feb 2025 | ฿1.4t | ฿798.1b | ฿37.6b | 12.3x | 37.4x | 1.8x |
| Thu, 02 Jan 2025 | ฿1.5t | ฿796.1b | ฿37.1b | 14.1x | 41.2x | 1.9x |
| Sat, 30 Nov 2024 | ฿1.6t | ฿796.0b | ฿37.3b | 14.8x | 41.9x | 2x |
| Mon, 28 Oct 2024 | ฿1.6t | ฿808.0b | ฿37.3b | 15.6x | 42.5x | 2x |
| Wed, 25 Sep 2024 | ฿1.6t | ฿803.0b | ฿37.4b | 16.6x | 44x | 2.1x |
| Fri, 23 Aug 2024 | ฿1.5t | ฿771.4b | ฿26.6b | 14.9x | 57.3x | 2x |
| Sun, 21 Jul 2024 | ฿1.5t | ฿774.5b | ฿32.3b | 14.2x | 46.8x | 2x |
| Tue, 18 Jun 2024 | ฿1.6t | ฿775.2b | ฿32.3b | 14x | 48.7x | 2x |
| Thu, 16 May 2024 | ฿1.7t | ฿766.9b | ฿33.8b | 16.1x | 50.6x | 2.2x |
| Sat, 13 Apr 2024 | ฿1.7t | ฿756.2b | ฿25.6b | 17.3x | 67x | 2.3x |
| Mon, 11 Mar 2024 | ฿1.7t | ฿762.7b | ฿25.5b | 17.3x | 67.3x | 2.2x |
| Wed, 07 Feb 2024 | ฿1.7t | ฿747.1b | ฿32.4b | 16.8x | 52x | 2.3x |
| Fri, 05 Jan 2024 | ฿1.7t | ฿761.6b | ฿31.1b | 16.1x | 55x | 2.2x |
| Sun, 03 Dec 2023 | ฿1.6t | ฿726.9b | ฿30.5b | 14.7x | 51.3x | 2.2x |
| Tue, 31 Oct 2023 | ฿1.7t | ฿717.8b | ฿29.2b | 14.7x | 58.1x | 2.4x |
| Thu, 28 Sep 2023 | ฿1.8t | ฿716.2b | ฿28.9b | 16x | 62.5x | 2.5x |
| Sat, 26 Aug 2023 | ฿1.9t | ฿710.9b | ฿27.8b | 16.2x | 67x | 2.6x |
| Mon, 24 Jul 2023 | ฿1.9t | ฿707.5b | ฿26.7b | 16.3x | 69.6x | 2.6x |
| Wed, 21 Jun 2023 | ฿1.9t | ฿731.2b | ฿29.6b | 16.3x | 62.9x | 2.5x |
| Fri, 19 May 2023 | ฿1.9t | ฿735.6b | ฿31.3b | 17.3x | 60.8x | 2.6x |
| Sun, 16 Apr 2023 | ฿2.0t | ฿724.0b | ฿30.9b | 20x | 64.7x | 2.8x |
| Tue, 14 Mar 2023 | ฿1.9t | ฿713.7b | ฿30.6b | 19.9x | 62.4x | 2.7x |
| Thu, 09 Feb 2023 | ฿2.1t | ฿695.5b | ฿35.4b | 20.4x | 58.8x | 3x |
| Sat, 07 Jan 2023 | ฿2.1t | ฿694.7b | ฿36.1b | 19x | 57.4x | 3x |
| Mon, 05 Dec 2022 | ฿2.0t | ฿694.7b | ฿36.1b | 19.6x | 56.5x | 2.9x |
| Wed, 02 Nov 2022 | ฿2.1t | ฿659.7b | ฿25.7b | 18.3x | 81.1x | 3.2x |
| Fri, 30 Sep 2022 | ฿2.1t | ฿658.1b | ฿25.7b | 17.5x | 80.2x | 3.1x |
| Sun, 28 Aug 2022 | ฿2.0t | ฿658.1b | ฿25.7b | 18.7x | 79.6x | 3.1x |
| Tue, 26 Jul 2022 | ฿2.0t | ฿630.1b | ฿22.8b | 19x | 86.7x | 3.1x |
| Thu, 23 Jun 2022 | ฿2.0t | ฿630.1b | ฿22.8b | 19.7x | 87.6x | 3.2x |
Price to Earnings Ratio
87.6x
Current Industry PE
- Investors are pessimistic on the Thai Industrials 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 18.7x which is lower than its 3-year average PE of 55.8x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 7.9% 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 Industrials sector?
| TH Market | -1.20% | |
| Industrials | -4.51% | |
| Commercial Services | 0.74% | |
| Professional Services | 0.46% | |
| Industrials | 0.23% | |
| Construction | -1.06% | |
| Machinery | -1.14% | |
| Electrical | -1.16% | |
| Building | -1.49% | |
| Logistics | -1.58% | |
| Trade Distributors | -2.96% | |
| Marine and Shipping | -3.14% | |
| Transportation | -4.68% | |
| Infrastructure | -5.90% | |
| Airlines | -7.50% | |
Industry PE
- Investors are most optimistic about the Trade Distributors industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Marine and Shipping industry is expected to see its earnings decline by 30% 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 | |
|---|---|---|---|---|---|
| SJWD SCGJWD Logistics | ฿9.00 | 3.4% +฿430.1m | -31.3% | PE14.4x | |
| PSG PSG Corporation | ฿1.07 | 1.9% +฿325.0m | -49.5% | PE23x | |
| KWC Krungdhep Sophon | ฿323.00 | 13.7% +฿234.0m | 21.4% | PE20.6x | |
| AMARC Asia Medical and Agricultural Laboratory and Research Center | ฿2.22 | 19.4% +฿151.2m | 65.7% | PE16.3x | |
| BTC Brooker Group | ฿0.33 | 3.1% +฿108.0m | -37.7% | PB1.1x |