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Thai (SET) Commercial Services Industry Analysis
UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies17
- 7D1.6%
- 3M4.0%
- 1Y-6.8%
- YTD6.3%
The Commercial Services industry has gained 1.6% in the last week and Jenkongklai up 13%. During this same period, the Chayo Group underperformed, falling 15%. In contrast, the industry has lost 6.8% in the last 12 months. Looking forward, earnings are forecast to grow by 9.0% 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 |
|---|---|---|---|---|---|---|
| Sat, 28 Feb 2026 | ฿14.9b | ฿14.6b | -฿846,517,286.00 | 11.4x | -17.6x | 1x |
| Mon, 26 Jan 2026 | ฿13.5b | ฿14.5b | -฿1,029,750,864.00 | 10.5x | -13.1x | 0.9x |
| Wed, 24 Dec 2025 | ฿13.9b | ฿14.5b | -฿1,029,750,864.00 | 9.6x | -13.5x | 1x |
| Fri, 21 Nov 2025 | ฿14.4b | ฿14.6b | -฿960,981,867.00 | 9.9x | -15x | 1x |
| Sun, 19 Oct 2025 | ฿15.0b | ฿14.6b | -฿415,819,938.00 | 10x | -36.1x | 1x |
| Tue, 16 Sep 2025 | ฿14.7b | ฿14.0b | ฿273.3m | 11x | 53.9x | 1.1x |
| Thu, 14 Aug 2025 | ฿13.9b | ฿14.8b | -฿403,257,716.00 | 8.9x | -34.5x | 0.9x |
| Sat, 12 Jul 2025 | ฿13.5b | ฿14.8b | -฿405,801,716.00 | 9.5x | -33.2x | 0.9x |
| Mon, 09 Jun 2025 | ฿13.9b | ฿14.8b | -฿405,801,716.00 | 9.5x | -34.4x | 0.9x |
| Wed, 07 May 2025 | ฿15.1b | ฿15.0b | -฿406,796,665.00 | 10.8x | -37x | 1x |
| Fri, 04 Apr 2025 | ฿16.1b | ฿15.0b | -฿406,796,665.00 | 11.4x | -39.5x | 1.1x |
| Sun, 02 Mar 2025 | ฿16.0b | ฿16.2b | -฿180,712,453.00 | 11.3x | -88.7x | 1x |
| Tue, 28 Jan 2025 | ฿17.4b | ฿15.2b | -฿98,315,428.00 | 12.1x | -176.7x | 1.1x |
| Thu, 26 Dec 2024 | ฿18.6b | ฿15.2b | -฿98,315,428.00 | 13x | -189.4x | 1.2x |
| Sat, 23 Nov 2024 | ฿20.1b | ฿15.4b | -฿31,411,423.00 | 13.1x | -641.2x | 1.3x |
| Mon, 21 Oct 2024 | ฿22.9b | ฿15.6b | -฿314,425,809.00 | 18.8x | -72.8x | 1.5x |
| Wed, 18 Sep 2024 | ฿24.1b | ฿15.6b | -฿314,425,809.00 | 18.8x | -76.7x | 1.5x |
| Fri, 16 Aug 2024 | ฿19.6b | ฿15.6b | -฿255,337,064.00 | 13.6x | -76.6x | 1.3x |
| Sun, 14 Jul 2024 | ฿22.9b | ฿15.4b | -฿118,130,045.00 | 14.5x | -194.1x | 1.5x |
| Tue, 11 Jun 2024 | ฿21.9b | ฿15.5b | -฿115,788,045.00 | 14.1x | -189.4x | 1.4x |
| Thu, 09 May 2024 | ฿24.2b | ฿16.3b | -฿231,785,778.00 | 21.1x | -104.5x | 1.5x |
| Sat, 06 Apr 2024 | ฿23.7b | ฿16.3b | -฿231,785,778.00 | 20.6x | -102.2x | 1.5x |
| Mon, 04 Mar 2024 | ฿26.2b | ฿16.2b | -฿307,804,078.00 | 20x | -85.1x | 1.6x |
| Wed, 31 Jan 2024 | ฿26.7b | ฿16.0b | ฿158.1m | 48.8x | 168.8x | 1.7x |
| Fri, 29 Dec 2023 | ฿24.3b | ฿15.5b | ฿94.3m | 51.3x | 257.5x | 1.6x |
| Sun, 26 Nov 2023 | ฿23.8b | ฿15.5b | ฿94.3m | 53.3x | 252.6x | 1.5x |
| Tue, 24 Oct 2023 | ฿23.8b | ฿15.3b | ฿416.6m | 18.1x | 57.1x | 1.6x |
| Thu, 21 Sep 2023 | ฿28.5b | ฿15.3b | ฿416.6m | 19.6x | 68.3x | 1.9x |
| Sat, 19 Aug 2023 | ฿28.6b | ฿15.3b | ฿506.7m | 19.9x | 56.5x | 1.9x |
| Mon, 17 Jul 2023 | ฿27.6b | ฿15.2b | ฿722.9m | 20.8x | 38.1x | 1.8x |
| Wed, 14 Jun 2023 | ฿34.9b | ฿15.2b | ฿722.9m | 28.7x | 48.3x | 2.3x |
| Fri, 12 May 2023 | ฿47.8b | ฿15.6b | ฿983.0m | 31.1x | 48.6x | 3.1x |
| Sun, 09 Apr 2023 | ฿48.4b | ฿15.8b | ฿983.0m | 30.7x | 49.2x | 3.1x |
| Tue, 07 Mar 2023 | ฿53.2b | ฿15.5b | ฿1.0b | 30.6x | 50.9x | 3.4x |
Price to Earnings Ratio
50.9x
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 1.5x is higher than the industry's current PS ratio of 1.0x.
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 2.0% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | 3.27% | |
| Industrials | -1.19% | |
| Commercial Services | 1.55% | |
| Environmental and Facilities Services | 7.72% | |
| Commercial Printing | 2.03% | |
| Office Services and Supplies | -0.22% | |
| Diversified Support Services | -4.99% | |
Industry PE
- Investors are most optimistic about the Office Services and Supplies industry which is trading above its 3-year average PE ratio of 7.9x.
- 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 Environmental and Facilities Services industry, expecting annual earnings growth of 13% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 5.3% 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 | |
|---|---|---|---|---|---|
| JPARK Jenkongklai | ฿3.38 | 12.7% +฿152.0m | -35.6% | PE16.2x | |
| BWG Better World Green | ฿0.33 | 6.5% +฿127.6m | 37.5% | PE5.2x | |
| TKS T.K.S. Technologies | ฿6.95 | 3.7% +฿120.4m | 21.9% | PE12.1x | |
| TNDT Thai Nondestructive Testing | ฿0.19 | 26.7% +฿69.3m | -9.5% | PS0.9x | |
| PTECH Plus Tech Innovation | ฿1.90 | 8.0% +฿51.4m | 75.9% | PS1.2x |