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Thai (SET) Industrials Sector Analysis
UpdatedAug 05, 2026
DataAggregated Company Financials
Companies168
- 7D-0.3%
- 3M14.3%
- 1Y15.2%
- YTD12.8%
Last week, the Industrials industry hasn't moved much but Bangkok Airways is up 5.4% in that time. The past year has been better, since the industry has gained 20% in that time. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 05 Aug 2026 | ฿1.6t | ฿886.6b | ฿85.9b | 11.3x | 19x | 1.8x |
| Fri, 03 Jul 2026 | ฿1.6t | ฿886.9b | ฿86.4b | 10.8x | 18.9x | 1.8x |
| Sun, 31 May 2026 | ฿1.5t | ฿887.4b | ฿86.8b | 10.6x | 17.1x | 1.7x |
| Tue, 28 Apr 2026 | ฿1.4t | ฿883.9b | ฿84.7b | 10.4x | 16.8x | 1.6x |
| Thu, 26 Mar 2026 | ฿1.4t | ฿884.1b | ฿84.7b | 10.4x | 16.3x | 1.6x |
| Sat, 21 Feb 2026 | ฿1.5t | ฿932.1b | ฿40.6b | 10.4x | 37.6x | 1.6x |
| Mon, 19 Jan 2026 | ฿1.4t | ฿933.8b | ฿45.1b | 9.9x | 31.1x | 1.5x |
| Wed, 17 Dec 2025 | ฿1.5t | ฿933.8b | ฿45.1b | 9.6x | 33.2x | 1.6x |
| Fri, 14 Nov 2025 | ฿1.3t | ฿957.2b | ฿48.2b | 9.6x | 27.6x | 1.4x |
| Sun, 12 Oct 2025 | ฿1.4t | ฿969.4b | ฿44.9b | 10.4x | 31.3x | 1.4x |
| Tue, 09 Sep 2025 | ฿1.5t | ฿968.8b | ฿45.6b | 10.4x | 32.1x | 1.5x |
| Thu, 07 Aug 2025 | ฿1.1t | ฿792.6b | ฿49.5b | 10.5x | 22x | 1.4x |
| Sat, 05 Jul 2025 | ฿904.0b | ฿792.3b | ฿49.5b | 10.4x | 18.3x | 1.1x |
| Mon, 02 Jun 2025 | ฿1.0t | ฿816.9b | ฿50.4b | 10.7x | 19.9x | 1.2x |
| Wed, 30 Apr 2025 | ฿1.1t | ฿835.5b | ฿42.7b | 12.5x | 25.5x | 1.3x |
| Fri, 28 Mar 2025 | ฿1.1t | ฿836.3b | ฿42.7b | 11.9x | 26.4x | 1.3x |
| Sun, 23 Feb 2025 | ฿1.2t | ฿808.2b | ฿50.1b | 11.9x | 24.6x | 1.5x |
| Tue, 21 Jan 2025 | ฿1.4t | ฿798.9b | ฿37.6b | 12.5x | 38.3x | 1.8x |
| Thu, 19 Dec 2024 | ฿1.5t | ฿796.0b | ฿37.3b | 13.8x | 41.1x | 1.9x |
| Sat, 16 Nov 2024 | ฿1.5t | ฿833.3b | ฿39.0b | 14.5x | 39.7x | 1.9x |
| Mon, 14 Oct 2024 | ฿1.6t | ฿782.0b | ฿37.2b | 15.5x | 43.8x | 2.1x |
| Wed, 11 Sep 2024 | ฿1.6t | ฿781.3b | ฿36.7b | 15.9x | 43.9x | 2.1x |
| Fri, 09 Aug 2024 | ฿1.5t | ฿773.4b | ฿32.1b | 13.4x | 45.3x | 1.9x |
| Sun, 07 Jul 2024 | ฿1.5t | ฿774.5b | ฿32.3b | 15.1x | 46.7x | 1.9x |
| Tue, 04 Jun 2024 | ฿1.7t | ฿773.8b | ฿32.3b | 16x | 51.9x | 2.2x |
| Thu, 02 May 2024 | ฿1.7t | ฿755.6b | ฿26.0b | 16.6x | 65x | 2.2x |
| Sat, 30 Mar 2024 | ฿1.7t | ฿762.5b | ฿25.5b | 17.1x | 66.3x | 2.2x |
| Mon, 26 Feb 2024 | ฿1.7t | ฿752.6b | ฿25.1b | 17.9x | 67.3x | 2.2x |
| Wed, 24 Jan 2024 | ฿1.6t | ฿762.1b | ฿31.2b | 16.1x | 51.1x | 2.1x |
| Fri, 22 Dec 2023 | ฿1.6t | ฿726.9b | ฿30.5b | 15.3x | 53.4x | 2.2x |
| Sun, 19 Nov 2023 | ฿1.7t | ฿718.7b | ฿25.7b | 15x | 67.6x | 2.4x |
| Tue, 17 Oct 2023 | ฿1.8t | ฿717.6b | ฿29.1b | 15.7x | 60.2x | 2.4x |
| Thu, 14 Sep 2023 | ฿1.8t | ฿713.5b | ฿28.7b | 16.6x | 64.1x | 2.6x |
| Sat, 12 Aug 2023 | ฿1.8t | ฿703.1b | ฿24.9b | 16.2x | 73.9x | 2.6x |
Price to Earnings Ratio
73.9x
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 19.1x which is lower than its 3-year average PE of 38.8x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 53% per year over the last three years.
- Revenues for these companies have grown 8.1% 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 | -0.46% | |
| Industrials | -0.32% | |
| Logistics | 7.54% | |
| Commercial Services | 3.74% | |
| Marine and Shipping | 3.25% | |
| Industrials | 3.04% | |
| Trade Distributors | 2.03% | |
| Electrical | 0.98% | |
| Machinery | 0.68% | |
| Building | 0.19% | |
| Infrastructure | 0.097% | |
| Professional Services | -0.013% | |
| Transportation | -0.66% | |
| Construction | -0.76% | |
| Airlines | -4.93% | |
Industry PE
- Investors are most optimistic about the Infrastructure industry even though it's trading below its 3-year average PE ratio of 54.9x.
- Analysts are expecting annual earnings growth of 22.7%, which is higher than its past year's earnings growth of 13.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 69% over the next 5 years.
- This is better than its past earnings growth rate of 35% per year.
- In contrast, the Construction industry is expected to see its earnings decline by 11% 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 | |
|---|---|---|---|---|---|
| BA Bangkok Airways | ฿19.40 | 5.4% +฿2.1b | 29.3% | PE10.1x | |
| ANI Asia Network International | ฿3.58 | 20.9% +฿1.1b | 2.9% | PE12.1x | |
| SJWD SCGJWD Logistics | ฿9.90 | 6.5% +฿1.1b | 14.5% | PE16.2x | |
| RCL Regional Container Lines | ฿35.00 | 2.9% +฿828.8m | 21.7% | PE3.7x | |
| BEM Bangkok Expressway and Metro | ฿6.75 | 0.7% +฿748.9m | 23.9% | PE26.7x |