Have your own idea? Try our Stock Screener
Thai (SET) Airlines Industry Analysis
UpdatedJun 24, 2026
DataAggregated Company Financials
Companies3
- 7D-9.8%
- 3M-0.4%
- 1Y30.1%
- YTDn/a
Over the last 7 days, the Airlines industry has dropped 9.8%, driven by a pullback from Thai Airways International of 12%. Over the past 12 months, the industry was up 30%. Looking forward, earnings are forecast to decline by 5.8% per year.
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 Comparison
How does Thai Airlines compare with similar industries?
| 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 | ฿17.30 | 0.6% +฿207.4m | 46.6% | PE9x |