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Thai (SET) Airlines Industry Analysis
UpdatedJan 11, 2026
DataAggregated Company Financials
Companies3
- 7D3.8%
- 3M-29.0%
- 1Y-34.4%
- YTDn/a
In the last week, the Airlines industry is up 5.6%, with all of the companies up. In the past year, the industry is down 40%. Looking forward, earnings are forecast to grow by 39% 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 |
|---|---|---|---|---|---|---|
| Sun, 11 Jan 2026 | ฿250.9b | ฿258.9b | -฿11,027,619,117.00 | 11.6x | -22.8x | 1x |
| Tue, 09 Dec 2025 | ฿280.1b | ฿258.9b | -฿11,027,619,117.00 | 10.7x | -25.4x | 1.1x |
| Thu, 06 Nov 2025 | ฿310.2b | ฿264.5b | ฿989.9m | 5.6x | 313.4x | 1.2x |
| Sat, 04 Oct 2025 | ฿423.3b | ฿264.5b | ฿989.9m | 6.2x | 427.6x | 1.6x |
| Mon, 01 Sep 2025 | ฿395.1b | ฿264.5b | ฿989.9m | 5.8x | 399.1x | 1.5x |
| Wed, 30 Jul 2025 | ฿47.7b | ฿75.2b | ฿8.9b | 5.9x | 5.4x | 0.6x |
| Fri, 27 Jun 2025 | ฿39.5b | ฿75.2b | ฿8.9b | 4.9x | 4.5x | 0.5x |
| Sun, 25 May 2025 | ฿43.9b | ฿75.2b | ฿8.9b | 5.5x | 5x | 0.6x |
| Tue, 22 Apr 2025 | ฿49.2b | ฿75.6b | ฿7.3b | 6.7x | 6.8x | 0.7x |
| Thu, 20 Mar 2025 | ฿65.6b | ฿75.6b | ฿7.3b | 9x | 9x | 0.9x |
| Sat, 15 Feb 2025 | ฿68.2b | ฿76.3b | ฿8.8b | 9.3x | 7.7x | 0.9x |
| Mon, 13 Jan 2025 | ฿74.5b | ฿76.3b | ฿8.8b | 10.1x | 8.4x | 1x |
| Wed, 11 Dec 2024 | ฿86.6b | ฿76.3b | ฿8.8b | 11.7x | 9.8x | 1.1x |
| Fri, 08 Nov 2024 | ฿90.8b | ฿72.2b | ฿4.9b | 29.7x | 18.4x | 1.3x |
| Sun, 06 Oct 2024 | ฿80.2b | ฿72.2b | ฿4.9b | 25.9x | 16.2x | 1.1x |
| Tue, 03 Sep 2024 | ฿76.9b | ฿72.2b | ฿4.9b | 24.7x | 15.6x | 1.1x |
| Thu, 01 Aug 2024 | ฿73.7b | ฿69.5b | ฿3.8b | 10.7x | 19.4x | 1.1x |
| Sat, 29 Jun 2024 | ฿70.1b | ฿69.5b | ฿3.8b | 10.7x | 18.4x | 1x |
| Mon, 27 May 2024 | ฿70.6b | ฿69.5b | ฿3.8b | 10.2x | 18.5x | 1x |
| Wed, 24 Apr 2024 | ฿64.3b | ฿63.3b | ฿3.6b | 36.8x | 18x | 1x |
| Fri, 22 Mar 2024 | ฿64.5b | ฿63.3b | ฿3.6b | 38.7x | 18x | 1x |
| Sun, 18 Feb 2024 | ฿62.9b | ฿58.2b | ฿4.4b | 23.9x | 14.4x | 1.1x |
| Tue, 16 Jan 2024 | ฿58.4b | ฿58.2b | ฿4.4b | 21.8x | 13.4x | 1x |
| Thu, 14 Dec 2023 | ฿54.8b | ฿58.2b | ฿4.4b | 20.3x | 12.5x | 0.9x |
| Sat, 11 Nov 2023 | ฿58.0b | ฿51.5b | -฿286,845,370.00 | 24x | -202.3x | 1.1x |
| Mon, 09 Oct 2023 | ฿59.4b | ฿51.5b | -฿286,845,370.00 | 23.2x | -207.2x | 1.2x |
| Wed, 06 Sep 2023 | ฿70.1b | ฿51.5b | -฿286,845,370.00 | 27.1x | -244.3x | 1.4x |
| Fri, 04 Aug 2023 | ฿62.7b | ฿41.5b | -฿5,515,096,370.00 | n/a | -11.4x | 1.5x |
| Sun, 02 Jul 2023 | ฿64.7b | ฿41.5b | -฿5,515,096,370.00 | n/a | -11.7x | 1.6x |
| Tue, 30 May 2023 | ฿62.7b | ฿41.5b | -฿5,515,096,370.00 | n/a | -11.4x | 1.5x |
| Thu, 27 Apr 2023 | ฿58.5b | ฿30.1b | -฿10,140,181,370.00 | n/a | -5.8x | 1.9x |
| Sat, 25 Mar 2023 | ฿60.2b | ฿30.1b | -฿10,140,181,370.00 | n/a | -5.9x | 2x |
| Mon, 20 Feb 2023 | ฿64.7b | ฿19.9b | -฿14,538,893,994.00 | n/a | -4.5x | 3.2x |
| Wed, 18 Jan 2023 | ฿64.6b | ฿19.9b | -฿14,538,893,994.00 | n/a | -4.4x | 3.2x |
Price to Earnings Ratio
-4.4x
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
- The earnings for companies in the Airlines industry have improved over the last three years.
- Revenues for these companies have grown 135% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Comparison
How does Thai Airlines compare with similar industries?
| TH Market | -0.47% | |
| Industrials | -1.00% | |
| Airlines | 3.78% | |
| Airlines | 3.78% | |
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 | ฿7.15 | 2.9% +฿5.7b | n/a | PS1.1x | |
| BA Bangkok Airways | ฿16.10 | 8.8% +฿2.7b | -22.6% | PE9.2x | |
| AAV Asia Aviation | ฿1.18 | 5.4% +฿771.0m | -50.8% | PE14x |