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Thai (SET) Commercial Services Industry Analysis
UpdatedMar 30, 2026
DataAggregated Company Financials
Companies17
- 7D-2.8%
- 3M-1.8%
- 1Y-15.6%
- YTD-2.4%
Over the last 7 days, the Commercial Services industry has dropped 2.8%, driven by a pullback from Better World Green of 12%. However, the industry is down 16% over the past year. Looking forward, earnings are forecast to grow by 64% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Mar 2026 | ฿13.6b | ฿14.3b | -฿604,993,124.00 | 11x | -22.5x | 1x |
| Wed, 25 Feb 2026 | ฿14.8b | ฿14.5b | -฿1,023,483,641.00 | 10.7x | -14.4x | 1x |
| Fri, 23 Jan 2026 | ฿13.5b | ฿14.5b | -฿1,029,750,864.00 | 10.4x | -13.2x | 0.9x |
| Sun, 21 Dec 2025 | ฿13.6b | ฿14.5b | -฿1,029,750,864.00 | 9.5x | -13.2x | 0.9x |
| Tue, 18 Nov 2025 | ฿14.0b | ฿14.6b | -฿960,981,867.00 | 9.9x | -14.6x | 1x |
| Thu, 16 Oct 2025 | ฿15.0b | ฿14.6b | -฿415,819,938.00 | 10.2x | -36.1x | 1x |
| Sat, 13 Sep 2025 | ฿14.8b | ฿14.0b | ฿273.3m | 11.2x | 54.1x | 1.1x |
| Mon, 11 Aug 2025 | ฿14.0b | ฿14.8b | -฿403,257,716.00 | 8.9x | -34.6x | 0.9x |
| Wed, 09 Jul 2025 | ฿13.6b | ฿14.8b | -฿405,801,716.00 | 9.5x | -33.6x | 0.9x |
| Fri, 06 Jun 2025 | ฿14.0b | ฿14.8b | -฿405,801,716.00 | 9.4x | -34.4x | 0.9x |
| Sun, 04 May 2025 | ฿15.2b | ฿15.0b | -฿406,796,665.00 | 11x | -37.4x | 1x |
| Tue, 01 Apr 2025 | ฿15.8b | ฿15.0b | -฿406,796,665.00 | 11.4x | -38.7x | 1.1x |
| Thu, 27 Feb 2025 | ฿16.3b | ฿15.3b | -฿142,283,502.00 | 11.4x | -114.6x | 1.1x |
| Sat, 25 Jan 2025 | ฿17.4b | ฿15.2b | -฿98,315,428.00 | 12.1x | -176.9x | 1.1x |
| Mon, 23 Dec 2024 | ฿18.3b | ฿15.2b | -฿98,315,428.00 | 12.4x | -186.3x | 1.2x |
| Wed, 20 Nov 2024 | ฿20.5b | ฿15.6b | -฿13,276,918.00 | 14.5x | -1545.2x | 1.3x |
| Fri, 18 Oct 2024 | ฿23.2b | ฿15.6b | -฿314,425,809.00 | 20.4x | -73.8x | 1.5x |
| Sun, 15 Sep 2024 | ฿23.7b | ฿15.6b | -฿314,425,809.00 | 17x | -75.2x | 1.5x |
| Tue, 13 Aug 2024 | ฿19.7b | ฿15.7b | -฿80,382,398.00 | 14.4x | -245.6x | 1.3x |
| Thu, 11 Jul 2024 | ฿22.7b | ฿15.4b | -฿118,130,045.00 | 14.8x | -192x | 1.5x |
| Sat, 08 Jun 2024 | ฿21.9b | ฿15.5b | -฿118,936,045.00 | 14.1x | -184.4x | 1.4x |
| Mon, 06 May 2024 | ฿24.1b | ฿16.3b | -฿231,785,778.00 | 21x | -104x | 1.5x |
| Wed, 03 Apr 2024 | ฿25.0b | ฿16.3b | -฿231,785,778.00 | 21.5x | -107.7x | 1.5x |
| Fri, 01 Mar 2024 | ฿26.4b | ฿16.1b | -฿146,913,173.00 | 21.5x | -180x | 1.6x |
| Sun, 28 Jan 2024 | ฿26.3b | ฿16.0b | ฿158.1m | 49x | 166.4x | 1.6x |
| Tue, 26 Dec 2023 | ฿24.0b | ฿15.5b | ฿94.3m | 51.3x | 254.6x | 1.6x |
| Thu, 23 Nov 2023 | ฿23.9b | ฿15.6b | ฿93.5m | 53.3x | 255x | 1.5x |
| Sat, 21 Oct 2023 | ฿23.8b | ฿15.3b | ฿416.6m | 18.1x | 57.1x | 1.6x |
| Mon, 18 Sep 2023 | ฿28.7b | ฿15.3b | ฿416.6m | 19.5x | 68.9x | 1.9x |
| Wed, 16 Aug 2023 | ฿28.2b | ฿15.5b | ฿681.7m | 21.4x | 41.3x | 1.8x |
| Fri, 14 Jul 2023 | ฿27.1b | ฿15.2b | ฿722.9m | 22.3x | 37.5x | 1.8x |
| Sun, 11 Jun 2023 | ฿39.5b | ฿15.2b | ฿722.9m | 30.2x | 54.7x | 2.6x |
| Tue, 09 May 2023 | ฿47.7b | ฿15.6b | ฿983.0m | 30.9x | 48.5x | 3.1x |
| Thu, 06 Apr 2023 | ฿49.8b | ฿15.8b | ฿983.0m | 30.9x | 50.7x | 3.2x |
Price to Earnings Ratio
50.7x
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 | 0.98% | |
| Industrials | 2.79% | |
| Commercial Services | -2.85% | |
| Office Services and Supplies | 0.24% | |
| Diversified Support Services | -0.20% | |
| Commercial Printing | -2.21% | |
| Environmental and Facilities Services | -6.28% | |
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 9.8x.
- 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 | |
|---|---|---|---|---|---|
| TKS T.K.S. Technologies | ฿6.30 | 4.1% +฿120.4m | 12.5% | PE10.9x | |
| CHAYO Chayo Group | ฿1.01 | 2.0% +฿23.3m | -52.5% | PS0.5x | |
| GENCO General Environmental Conservation | ฿0.31 | 6.9% +฿22.2m | 10.7% | PE7.9x | |
| SIAM Siam Steel International | ฿0.68 | 4.6% +฿17.8m | -5.6% | PE14.9x | |
| JPARK Jenkongklai | ฿2.86 | 1.4% +฿16.0m | -44.5% | PE13.7x |