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Thai (SET) Commercial Services Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies17
  • 7D-6.6%
  • 3M-2.3%
  • 1Y-15.1%
  • YTD-0.7%

Over the last 7 days, the Commercial Services industry has dropped 6.6%, driven by a pullback from T.K.S. Technologies of 9.4%. In contrast, Salee Printing has gained 5.4%. Overall the industry is down 15% in 12 months. As for the next few years, earnings are expected to grow by 65% per annum.

Industry Valuation and Performance

Has the Thai Commercial Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026฿13.9b฿14.7b-฿1,418,175,248.0011.4x-9.8x0.9x
Mon, 02 Feb 2026฿13.5b฿14.5b-฿1,029,750,864.0010.5x-13.1x0.9x
Wed, 31 Dec 2025฿13.8b฿14.5b-฿1,029,750,864.009.7x-13.4x1x
Fri, 28 Nov 2025฿14.0b฿14.6b-฿1,057,979,864.009.5x-13.3x1x
Sun, 26 Oct 2025฿14.7b฿14.6b-฿415,819,938.009.9x-35.3x1x
Tue, 23 Sep 2025฿14.5b฿14.0b฿273.3m10.6x53.1x1x
Thu, 21 Aug 2025฿14.1b฿14.6b-฿415,819,938.0010.3x-34x1x
Sat, 19 Jul 2025฿13.7b฿14.8b-฿405,801,716.009.2x-33.7x0.9x
Mon, 16 Jun 2025฿14.0b฿14.8b-฿405,801,716.009.3x-34.6x1x
Wed, 14 May 2025฿15.4b฿15.0b-฿398,434,665.0010.8x-38.7x1x
Fri, 11 Apr 2025฿15.1b฿15.0b-฿406,796,665.0010.5x-37.1x1x
Sun, 09 Mar 2025฿16.2b฿14.9b-฿441,743,811.0013.1x-36.7x1.1x
Tue, 04 Feb 2025฿16.8b฿15.2b-฿98,315,428.0011.2x-170.8x1.1x
Thu, 02 Jan 2025฿18.7b฿15.3b-฿266,807,551.0013x-70.2x1.2x
Sat, 30 Nov 2024฿20.0b฿15.2b-฿98,315,428.0014.8x-203.5x1.3x
Mon, 28 Oct 2024฿22.4b฿15.6b-฿314,425,809.0019.1x-71.1x1.4x
Wed, 25 Sep 2024฿23.5b฿15.6b-฿314,425,809.0016.8x-74.7x1.5x
Fri, 23 Aug 2024฿21.6b฿15.8b-฿300,812,577.0016.7x-71.8x1.4x
Sun, 21 Jul 2024฿20.4b฿15.4b-฿118,130,045.0014.5x-172.7x1.3x
Tue, 18 Jun 2024฿21.7b฿15.4b-฿118,130,045.0014x-183.3x1.4x
Thu, 16 May 2024฿23.4b฿16.5b-฿205,113,385.0016.1x-114.1x1.4x
Sat, 13 Apr 2024฿25.1b฿16.3b-฿231,785,778.0021.5x-108.2x1.5x
Mon, 11 Mar 2024฿26.1b฿16.3b-฿231,785,778.0020.1x-112.5x1.6x
Wed, 07 Feb 2024฿26.5b฿16.0b฿158.1m50.8x167.5x1.7x
Fri, 05 Jan 2024฿25.2b฿15.5b฿94.3m52x266.8x1.6x
Sun, 03 Dec 2023฿23.5b฿15.5b฿94.3m52.6x249.4x1.5x
Tue, 31 Oct 2023฿23.4b฿15.3b฿416.6m18.7x56.1x1.5x
Thu, 28 Sep 2023฿27.3b฿15.3b฿416.6m19.3x65.6x1.8x
Sat, 26 Aug 2023฿29.4b฿15.3b฿416.6m19.4x70.5x1.9x
Mon, 24 Jul 2023฿28.2b฿15.2b฿722.9m20.9x39.1x1.9x
Wed, 21 Jun 2023฿31.0b฿15.2b฿722.9m26x42.9x2x
Fri, 19 May 2023฿45.4b฿15.7b฿869.9m29.9x52.1x2.9x
Sun, 16 Apr 2023฿48.4b฿15.8b฿983.0m30.5x49.2x3.1x
Tue, 14 Mar 2023฿51.6b฿15.8b฿960.8m32.6x53.7x3.3x
Price to Earnings Ratio

53.7x


Total Market Cap: ฿51.6bTotal Earnings: ฿960.8mTotal Revenue: ฿15.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Commercial Services Industry Price to Earnings3Y Average -38.4x202420252026
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 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 2.5% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Thai Industrials industry?

TH Market-7.73%
Industrials-8.21%
Commercial Services-6.62%
Office Services and Supplies-3.52%
Diversified Support Services-3.57%
Commercial Printing-6.92%
Environmental and Facilities Services-9.47%
Industry PE
  • Investors are most optimistic about the Office Services and Supplies industry which is trading above its 3-year average PE ratio of 8.6x.
    • 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?

CompanyLast Price7D1YValuation
SLP Salee Printing฿0.395.4%
+฿24.0m
-2.5%PE11.4x
KWC Krungdhep Sophon฿281.000.7%
+฿12.0m
-9.9%PE17.3x
SFT Shrinkflex (Thailand)฿1.810.6%
+฿4.4m
-11.3%PE11.9x
ROCK Rockworth฿11.401.8%
+฿4.0m
0%PE3.8x

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