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Thai (SET) Airlines Industry Analysis
UpdatedJun 24, 2026
DataAggregated Company Financials
Companies3
- 7D-9.8%
- 3M-0.4%
- 1Y30.1%
- YTD-11.7%
Over the last 7 days, the Airlines industry has dropped 2.1%, driven by a pullback from Thai Airways International of 2.8%. Over the past 12 months, the industry was up 21%. In the next few years, earnings are forecast to decline by 9.6% annually.
Industry Valuation and Performance
Has the Thai Airlines Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Jun 2026 | ฿221.1b | ฿256.7b | ฿36.9b | 7.8x | 6x | 0.9x |
| Fri, 22 May 2026 | ฿216.6b | ฿256.6b | ฿36.9b | 7.6x | 5.9x | 0.8x |
| Sun, 19 Apr 2026 | ฿223.0b | ฿256.2b | ฿36.8b | 6.1x | 6.1x | 0.9x |
| Tue, 17 Mar 2026 | ฿219.2b | ฿256.4b | ฿36.8b | 6.2x | 6x | 0.9x |
| Thu, 12 Feb 2026 | ฿241.2b | ฿258.9b | -฿11,027,619,117.00 | 12.4x | -21.9x | 0.9x |
| Sat, 10 Jan 2026 | ฿250.9b | ฿258.9b | -฿11,027,619,117.00 | 11.6x | -22.8x | 1x |
| Mon, 08 Dec 2025 | ฿292.6b | ฿258.9b | -฿11,027,619,117.00 | 11x | -26.5x | 1.1x |
| Wed, 05 Nov 2025 | ฿301.1b | ฿264.5b | ฿989.9m | 5.5x | 304.2x | 1.1x |
| Fri, 03 Oct 2025 | ฿425.8b | ฿264.5b | ฿989.9m | 6.1x | 430.2x | 1.6x |
| Sun, 31 Aug 2025 | ฿395.1b | ฿264.5b | ฿989.9m | 5.8x | 399.1x | 1.5x |
| Tue, 29 Jul 2025 | ฿46.3b | ฿75.2b | ฿8.9b | 5.7x | 5.2x | 0.6x |
| Thu, 26 Jun 2025 | ฿39.3b | ฿75.2b | ฿8.9b | 4.9x | 4.4x | 0.5x |
| Sat, 24 May 2025 | ฿43.9b | ฿75.2b | ฿8.9b | 5.5x | 5x | 0.6x |
| Mon, 21 Apr 2025 | ฿50.1b | ฿75.6b | ฿7.3b | 6.8x | 6.9x | 0.7x |
| Wed, 19 Mar 2025 | ฿65.7b | ฿75.6b | ฿7.3b | 9x | 9x | 0.9x |
| Fri, 14 Feb 2025 | ฿67.3b | ฿76.3b | ฿8.8b | 9.2x | 7.6x | 0.9x |
| Sun, 12 Jan 2025 | ฿74.5b | ฿76.3b | ฿8.8b | 10.1x | 8.4x | 1x |
| Tue, 10 Dec 2024 | ฿86.6b | ฿76.3b | ฿8.8b | 11.7x | 9.8x | 1.1x |
| Thu, 07 Nov 2024 | ฿89.5b | ฿72.2b | ฿4.9b | 29.4x | 18.1x | 1.2x |
| Sat, 05 Oct 2024 | ฿80.2b | ฿72.2b | ฿4.9b | 25.9x | 16.2x | 1.1x |
| Mon, 02 Sep 2024 | ฿77.7b | ฿72.2b | ฿4.9b | 25.1x | 15.7x | 1.1x |
| Wed, 31 Jul 2024 | ฿72.6b | ฿69.5b | ฿3.8b | 10.8x | 19.1x | 1x |
| Fri, 28 Jun 2024 | ฿70.5b | ฿69.5b | ฿3.8b | 10.8x | 18.5x | 1x |
| Sun, 26 May 2024 | ฿70.6b | ฿69.5b | ฿3.8b | 10.2x | 18.5x | 1x |
| Tue, 23 Apr 2024 | ฿63.8b | ฿63.3b | ฿3.6b | 36.1x | 17.8x | 1x |
| Thu, 21 Mar 2024 | ฿63.8b | ฿63.3b | ฿3.6b | 38.2x | 17.8x | 1x |
| Sat, 17 Feb 2024 | ฿62.9b | ฿58.2b | ฿4.4b | 23.9x | 14.4x | 1.1x |
| Mon, 15 Jan 2024 | ฿58.9b | ฿58.2b | ฿4.4b | 22x | 13.5x | 1x |
| Wed, 13 Dec 2023 | ฿55.0b | ฿58.2b | ฿4.4b | 20.4x | 12.6x | 0.9x |
| Fri, 10 Nov 2023 | ฿59.1b | ฿51.5b | -฿286,845,370.00 | 24.8x | -205.9x | 1.1x |
| Sun, 08 Oct 2023 | ฿59.4b | ฿51.5b | -฿286,845,370.00 | 23.2x | -207.2x | 1.2x |
| Tue, 05 Sep 2023 | ฿69.9b | ฿51.5b | -฿286,845,370.00 | 26.9x | -243.5x | 1.4x |
| Thu, 03 Aug 2023 | ฿63.9b | ฿41.5b | -฿5,515,096,370.00 | n/a | -11.6x | 1.5x |
| Sat, 01 Jul 2023 | ฿64.7b | ฿41.5b | -฿5,515,096,370.00 | n/a | -11.7x | 1.6x |
Price to Earnings Ratio
-11.7x
Current Industry PE
- There are only 3 companies in the Thai Airlines industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- Total earnings for the Airlines industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 84% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | -2.96% | |
| Industrials | -3.16% | |
| Airlines | -9.83% | |
| Airlines | -9.83% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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 | ฿17.70 | 1.1% +฿414.9m | 47.5% | PE9.3x |