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Thai (SET) Commercial Services Industry Analysis
UpdatedSep 16, 2025
DataAggregated Company Financials
Companies16
- 7D1.1%
- 3M7.1%
- 1Y-34.3%
- YTD-19.8%
Over the last 7 days, the Commercial Services industry has risen 1.1%, driven by gains in Better World Green and Jenkongklai of 8.0% and 6.9%, respectively. In contrast, the industry has lost 34% in the last 12 months. Looking forward, earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Wed, 17 Sep 2025 | ฿14.7b | ฿14.0b | ฿273.3m | 11x | 53.9x | 1.1x |
| Fri, 15 Aug 2025 | ฿13.7b | ฿14.9b | -฿451,992,181.00 | 8.6x | -30.4x | 0.9x |
| Sun, 13 Jul 2025 | ฿13.4b | ฿14.8b | -฿405,801,716.00 | 9.5x | -33.1x | 0.9x |
| Tue, 10 Jun 2025 | ฿14.0b | ฿14.8b | -฿405,801,716.00 | 9.4x | -34.4x | 0.9x |
| Thu, 08 May 2025 | ฿15.4b | ฿15.0b | -฿406,796,665.00 | 11x | -37.9x | 1x |
| Sat, 05 Apr 2025 | ฿15.6b | ฿15.0b | -฿406,796,665.00 | 10.8x | -38.3x | 1x |
| Mon, 03 Mar 2025 | ฿16.0b | ฿16.2b | -฿143,913,765.00 | 11.3x | -111.4x | 1x |
| Wed, 29 Jan 2025 | ฿17.3b | ฿15.2b | -฿98,315,428.00 | 12.1x | -176.3x | 1.1x |
| Fri, 27 Dec 2024 | ฿18.4b | ฿15.2b | -฿98,315,428.00 | 13x | -187.3x | 1.2x |
| Sun, 24 Nov 2024 | ฿20.1b | ฿15.1b | -฿108,722,423.00 | 14.5x | -185.3x | 1.3x |
| Tue, 22 Oct 2024 | ฿22.9b | ฿15.6b | -฿314,425,809.00 | 20.3x | -72.8x | 1.5x |
| Thu, 19 Sep 2024 | ฿23.7b | ฿15.6b | -฿314,425,809.00 | 16.9x | -75.4x | 1.5x |
| Sat, 17 Aug 2024 | ฿20.0b | ฿15.9b | -฿321,908,064.00 | 16.3x | -62.2x | 1.3x |
| Mon, 15 Jul 2024 | ฿22.9b | ฿15.4b | -฿118,130,045.00 | 14.5x | -194.1x | 1.5x |
| Wed, 12 Jun 2024 | ฿22.2b | ฿15.5b | -฿115,788,045.00 | 14.8x | -191.4x | 1.4x |
| Fri, 10 May 2024 | ฿23.7b | ฿16.3b | -฿231,785,778.00 | 21x | -102.4x | 1.5x |
| Sun, 07 Apr 2024 | ฿23.7b | ฿16.3b | -฿231,785,778.00 | 20.6x | -102.2x | 1.5x |
| Tue, 05 Mar 2024 | ฿25.9b | ฿16.3b | -฿232,833,100.00 | 20x | -111.3x | 1.6x |
| Thu, 01 Feb 2024 | ฿26.3b | ฿16.0b | ฿158.1m | 47.5x | 166.3x | 1.6x |
| Sat, 30 Dec 2023 | ฿24.3b | ฿15.5b | ฿94.3m | 51.3x | 257.6x | 1.6x |
| Mon, 27 Nov 2023 | ฿23.8b | ฿15.5b | ฿94.3m | 53.3x | 252.6x | 1.5x |
| Wed, 25 Oct 2023 | ฿23.8b | ฿15.3b | ฿416.6m | 17.8x | 57x | 1.6x |
| Fri, 22 Sep 2023 | ฿28.6b | ฿15.3b | ฿416.6m | 19.8x | 68.8x | 1.9x |
| Sun, 20 Aug 2023 | ฿28.6b | ฿15.3b | ฿416.6m | 19.9x | 68.8x | 1.9x |
| Tue, 18 Jul 2023 | ฿28.4b | ฿15.2b | ฿722.9m | 21x | 39.2x | 1.9x |
| Thu, 15 Jun 2023 | ฿34.8b | ฿15.2b | ฿722.9m | 27.8x | 48.1x | 2.3x |
| Sat, 13 May 2023 | ฿46.2b | ฿15.6b | ฿983.0m | 28.3x | 46.9x | 3x |
| Mon, 10 Apr 2023 | ฿48.4b | ฿15.8b | ฿983.0m | 30.7x | 49.2x | 3.1x |
| Wed, 08 Mar 2023 | ฿53.2b | ฿15.5b | ฿1.1b | 28.9x | 50.7x | 3.4x |
| Fri, 03 Feb 2023 | ฿50.9b | ฿13.5b | ฿927.6m | 28.8x | 54.8x | 3.8x |
| Sun, 01 Jan 2023 | ฿42.1b | ฿13.5b | ฿927.6m | 25.7x | 45.4x | 3.1x |
| Tue, 29 Nov 2022 | ฿41.5b | ฿13.5b | ฿927.6m | 25.4x | 44.7x | 3.1x |
| Thu, 27 Oct 2022 | ฿44.4b | ฿14.2b | ฿1.0b | 29.1x | 43.6x | 3.1x |
| Sat, 24 Sep 2022 | ฿46.1b | ฿14.2b | ฿1.0b | 31.7x | 45.3x | 3.2x |
Price to Earnings Ratio
45.3x
Current Industry PE
- Investors are optimistic on the Thai Commercial Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 53.9x which is higher than its 3-year average PE of -29.9x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have declined 35% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | 2.59% | |
| Industrials | 3.20% | |
| Commercial Services | 1.13% | |
| Environmental and Facilities Services | 9.69% | |
| Office Services and Supplies | 2.61% | |
| Commercial Printing | -0.77% | |
| Diversified Support Services | -4.24% | |
Industry PE
- Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 63.4%, which is higher than its past year's earnings growth of 27.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Commercial Printing industry, expecting annual earnings growth of 63% over the next 5 years.
- This is better than its past earnings growth rate of 28% per year.
- In contrast, the Environmental and Facilities Services industry is expected to see its earnings decline by 9.0% 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 | |
|---|---|---|---|---|---|
| BWG Better World Green | ฿0.27 | 8.0% +฿116.0m | -46.0% | PE20.2x | |
| JPARK Jenkongklai | ฿4.36 | 6.9% +฿112.0m | -35.9% | PE11.1x | |
| TKS T.K.S. Technologies | ฿6.15 | 1.7% +฿49.6m | -23.1% | PE34.8x | |
| SLP Salee Printing | ฿0.44 | 7.3% +฿36.0m | -6.4% | PE9.5x | |
| TNDT Thai Nondestructive Testing | ฿0.14 | 16.7% +฿34.6m | -48.1% | PS0.8x |