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Thai (SET) Airlines Industry Analysis
UpdatedAug 08, 2026
DataAggregated Company Financials
Companies3
- 7D2.3%
- 3M2.7%
- 1Y-53.1%
- YTDn/a
Over the last 7 days, the Airlines industry has dropped 3.4%, driven by Thai Airways International declining 5.9%. In contrast, Bangkok Airways has gained 6.5%. Overall the industry is down 51% in 12 months. In the next few years, earnings are forecast to decline by 4.6% 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 |
|---|---|---|---|---|---|---|
| Sat, 08 Aug 2026 | ฿217.2b | ฿256.7b | ฿36.9b | 7.6x | 5.9x | 0.8x |
| Mon, 06 Jul 2026 | ฿232.9b | ฿256.7b | ฿36.9b | 7.9x | 6.3x | 0.9x |
| Wed, 03 Jun 2026 | ฿239.5b | ฿256.7b | ฿36.9b | 7.8x | 6.5x | 0.9x |
| Fri, 01 May 2026 | ฿211.8b | ฿256.2b | ฿36.8b | 5.8x | 5.8x | 0.8x |
| Sun, 29 Mar 2026 | ฿216.0b | ฿256.2b | ฿36.8b | 6.1x | 5.9x | 0.8x |
| Tue, 24 Feb 2026 | ฿241.9b | ฿258.9b | -฿11,027,619,117.00 | 13.3x | -21.9x | 0.9x |
| Thu, 22 Jan 2026 | ฿255.2b | ฿258.9b | -฿11,027,619,117.00 | 11.9x | -23.1x | 1x |
| Sat, 20 Dec 2025 | ฿297.5b | ฿258.9b | -฿11,027,619,117.00 | 11.6x | -27x | 1.1x |
| Mon, 17 Nov 2025 | ฿287.8b | ฿259.7b | -฿11,027,619,078.00 | 10.3x | -26.1x | 1.1x |
| Wed, 15 Oct 2025 | ฿328.7b | ฿264.5b | ฿989.9m | 5.6x | 332.1x | 1.2x |
| Fri, 12 Sep 2025 | ฿456.7b | ฿264.5b | ฿989.9m | 6x | 461.4x | 1.7x |
| Sun, 10 Aug 2025 | ฿47.6b | ฿75.1b | ฿8.6b | 6.3x | 5.6x | 0.6x |
| Tue, 08 Jul 2025 | ฿42.6b | ฿75.2b | ฿8.9b | 5.2x | 4.8x | 0.6x |
| Thu, 05 Jun 2025 | ฿43.0b | ฿75.2b | ฿8.9b | 5.3x | 4.9x | 0.6x |
| Sat, 03 May 2025 | ฿51.2b | ฿75.6b | ฿7.3b | 7x | 7x | 0.7x |
| Mon, 31 Mar 2025 | ฿62.4b | ฿75.6b | ฿7.3b | 8.5x | 8.6x | 0.8x |
| Wed, 26 Feb 2025 | ฿67.7b | ฿76.3b | ฿8.8b | 9.4x | 7.7x | 0.9x |
| Fri, 24 Jan 2025 | ฿69.2b | ฿76.3b | ฿8.8b | 9.3x | 7.8x | 0.9x |
| Sun, 22 Dec 2024 | ฿79.7b | ฿76.3b | ฿8.8b | 10.7x | 9x | 1x |
| Tue, 19 Nov 2024 | ฿87.4b | ฿76.3b | ฿8.8b | 11.8x | 9.9x | 1.1x |
| Thu, 17 Oct 2024 | ฿84.1b | ฿72.2b | ฿4.9b | 27.9x | 17x | 1.2x |
| Sat, 14 Sep 2024 | ฿81.4b | ฿72.2b | ฿4.9b | 26.6x | 16.5x | 1.1x |
| Mon, 12 Aug 2024 | ฿70.8b | ฿70.6b | ฿3.8b | 10.1x | 18.4x | 1x |
| Wed, 10 Jul 2024 | ฿69.3b | ฿69.5b | ฿3.8b | 10.4x | 18.2x | 1x |
| Fri, 07 Jun 2024 | ฿74.5b | ฿69.5b | ฿3.8b | 11.2x | 19.6x | 1.1x |
| Sun, 05 May 2024 | ฿66.5b | ฿63.3b | ฿3.6b | 38.6x | 18.6x | 1.1x |
| Tue, 02 Apr 2024 | ฿65.6b | ฿63.3b | ฿3.6b | 39.2x | 18.3x | 1x |
| Thu, 29 Feb 2024 | ฿62.8b | ฿63.3b | ฿3.6b | 37.3x | 17.6x | 1x |
| Sat, 27 Jan 2024 | ฿57.9b | ฿58.2b | ฿4.4b | 22x | 13.2x | 1x |
| Mon, 25 Dec 2023 | ฿56.4b | ฿58.2b | ฿4.4b | 21x | 12.9x | 1x |
| Wed, 22 Nov 2023 | ฿59.3b | ฿58.2b | ฿4.4b | 22.1x | 13.6x | 1x |
| Fri, 20 Oct 2023 | ฿55.4b | ฿51.5b | -฿286,845,370.00 | 23.1x | -193.3x | 1.1x |
| Sun, 17 Sep 2023 | ฿69.1b | ฿51.5b | -฿286,845,370.00 | 27.1x | -240.9x | 1.3x |
| Tue, 15 Aug 2023 | ฿66.4b | ฿51.5b | -฿286,845,370.00 | 25.8x | -231.6x | 1.3x |
Price to Earnings Ratio
-231.6x
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 71% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Thai Airlines compare with similar industries?
| TH Market | -0.73% | |
| Industrials | 0.22% | |
| Airlines | 2.29% | |
| Airlines | 2.29% | |
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 | |
|---|---|---|---|---|---|
| THAI Thai Airways International | ฿5.75 | 2.7% +฿4.2b | -60.9% | PE5.2x | |
| BA Bangkok Airways | ฿19.70 | 1.5% +฿622.3m | 32.2% | PE10.3x |