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Thai (SET) Commercial Services Industry Analysis
UpdatedMar 27, 2026
DataAggregated Company Financials
Companies17
- 7D-1.2%
- 3M-2.7%
- 1Y-15.8%
- YTD-2.1%
Over the last 7 days, the Commercial Services industry has dropped 3.7%, driven by declines in Better World Green and Chayo Group of 3.0% and 4.7%, respectively. Overall the industry is down 17% in 12 months. Looking forward, earnings are forecast to grow by 65% annually.
Industry Valuation and Performance
Has the Thai Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 27 Mar 2026 | ฿13.7b | ฿14.3b | -฿604,993,124.00 | 11x | -22.6x | 1x |
| Sun, 22 Feb 2026 | ฿14.6b | ฿14.5b | -฿1,029,797,139.00 | 10.6x | -14.2x | 1x |
| Tue, 20 Jan 2026 | ฿13.5b | ฿14.5b | -฿1,029,750,864.00 | 10x | -13.1x | 0.9x |
| Thu, 18 Dec 2025 | ฿13.8b | ฿14.5b | -฿1,029,750,864.00 | 9.6x | -13.4x | 1x |
| Sat, 15 Nov 2025 | ฿13.9b | ฿14.6b | -฿356,483,696.00 | 9.5x | -38.9x | 1x |
| Mon, 13 Oct 2025 | ฿14.9b | ฿14.6b | -฿415,819,938.00 | 10.4x | -35.9x | 1x |
| Wed, 10 Sep 2025 | ฿14.5b | ฿14.0b | ฿273.3m | 10.4x | 53.2x | 1x |
| Fri, 08 Aug 2025 | ฿13.9b | ฿14.8b | -฿405,801,716.00 | 9.4x | -34.2x | 0.9x |
| Sun, 06 Jul 2025 | ฿13.7b | ฿14.8b | -฿405,801,716.00 | 9.6x | -33.7x | 0.9x |
| Tue, 03 Jun 2025 | ฿14.1b | ฿14.8b | -฿405,801,716.00 | 9.8x | -34.7x | 1x |
| Thu, 01 May 2025 | ฿15.4b | ฿15.0b | -฿406,796,665.00 | 10.8x | -37.9x | 1x |
| Sat, 29 Mar 2025 | ฿16.1b | ฿15.0b | -฿406,796,665.00 | 11.6x | -39.5x | 1.1x |
| Mon, 24 Feb 2025 | ฿16.4b | ฿15.2b | -฿87,609,092.00 | 11.1x | -187.6x | 1.1x |
| Wed, 22 Jan 2025 | ฿16.7b | ฿15.2b | -฿98,315,428.00 | 11.8x | -169.9x | 1.1x |
| Fri, 20 Dec 2024 | ฿18.4b | ฿15.2b | -฿98,315,428.00 | 13x | -186.7x | 1.2x |
| Sun, 17 Nov 2024 | ฿20.4b | ฿15.6b | -฿19,371,918.00 | 13.9x | -1054.4x | 1.3x |
| Tue, 15 Oct 2024 | ฿22.8b | ฿15.6b | -฿314,425,809.00 | 17.8x | -72.6x | 1.5x |
| Thu, 12 Sep 2024 | ฿22.5b | ฿15.6b | -฿314,425,809.00 | 17x | -71.5x | 1.4x |
| Sat, 10 Aug 2024 | ฿19.7b | ฿15.6b | -฿101,008,813.00 | 14.4x | -195.5x | 1.3x |
| Mon, 08 Jul 2024 | ฿22.3b | ฿15.4b | -฿118,130,045.00 | 14.5x | -188.9x | 1.4x |
| Wed, 05 Jun 2024 | ฿21.9b | ฿15.3b | -฿17,287,373.00 | 14.3x | -1267.5x | 1.4x |
| Fri, 03 May 2024 | ฿24.1b | ฿16.3b | -฿231,785,778.00 | 21.3x | -104x | 1.5x |
| Sun, 31 Mar 2024 | ฿25.0b | ฿16.3b | -฿231,785,778.00 | 21.3x | -107.9x | 1.5x |
| Tue, 27 Feb 2024 | ฿26.7b | ฿16.2b | ฿143.7m | 36.3x | 185.5x | 1.6x |
| Thu, 25 Jan 2024 | ฿26.3b | ฿16.0b | ฿158.1m | 49x | 166.5x | 1.6x |
| Sat, 23 Dec 2023 | ฿24.1b | ฿15.5b | ฿94.3m | 51.3x | 255.9x | 1.6x |
| Mon, 20 Nov 2023 | ฿23.6b | ฿15.4b | ฿93.5m | 54.6x | 252.8x | 1.5x |
| Wed, 18 Oct 2023 | ฿26.1b | ฿15.3b | ฿416.6m | 19.5x | 62.7x | 1.7x |
| Fri, 15 Sep 2023 | ฿29.1b | ฿15.3b | ฿416.6m | 19.5x | 69.7x | 1.9x |
| Sun, 13 Aug 2023 | ฿28.2b | ฿15.5b | ฿686.9m | 20.8x | 41x | 1.8x |
| Tue, 11 Jul 2023 | ฿27.7b | ฿15.2b | ฿722.9m | 22.3x | 38.4x | 1.8x |
| Thu, 08 Jun 2023 | ฿39.7b | ฿15.2b | ฿722.9m | 30.2x | 54.9x | 2.6x |
| Sat, 06 May 2023 | ฿46.0b | ฿15.6b | ฿983.0m | 30.7x | 46.8x | 3x |
| Mon, 03 Apr 2023 | ฿50.6b | ฿15.8b | ฿983.0m | 30.9x | 51.5x | 3.2x |
Price to Earnings Ratio
51.5x
Current Industry PE
- Investors are pessimistic on the Thai Commercial Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.95x.
Past Earnings Growth
- Total earnings for the Commercial Services industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 3.2% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | 1.80% | |
| Industrials | 3.14% | |
| Commercial Services | -1.23% | |
| Diversified Support Services | -0.19% | |
| Office Services and Supplies | -0.25% | |
| Commercial Printing | -0.70% | |
| Environmental and Facilities Services | -2.87% | |
Industry PE
- Investors are most optimistic about the Office Services and Supplies industry, which is trading close to its 3-year average PE ratio of 9.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 115% over the next 5 years.
- This is better than its past earnings decline of 44% per year.
- In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| SLP Salee Printing | ฿0.41 | 5.1% +฿24.0m | 2.5% | PE12x | |
| KWC Krungdhep Sophon | ฿279.00 | 1.5% +฿24.0m | -14.4% | PE17.1x | |
| GENCO General Environmental Conservation | ฿0.31 | 6.9% +฿22.2m | 6.9% | PE7.9x | |
| K Kingsmen C.M.T.I | ฿1.02 | 3.0% +฿15.2m | -31.5% | PE117.2x | |
| UBA Utility Business Alliance | ฿1.08 | 0.9% +฿6.0m | 13.7% | PE10.3x |