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Thai (SET) Commercial Services Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies17
- 7D-1.1%
- 3M-8.2%
- 1Y-24.4%
- YTD-1.3%
Over the last 7 days, the Commercial Services industry has remained flat, although notably Krungdhep Sophon gained 3.7%. As for the longer term, the industry has declined 24% in the last year. Looking forward, earnings are forecast to grow by 10% 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, 09 Jan 2026 | ฿13.7b | ฿14.5b | -฿1,029,750,864.00 | 9.7x | -13.3x | 0.9x |
| Sun, 07 Dec 2025 | ฿14.1b | ฿14.5b | -฿1,057,977,864.00 | 9.7x | -13.3x | 1x |
| Tue, 04 Nov 2025 | ฿14.6b | ฿14.6b | -฿415,819,938.00 | 9x | -35.2x | 1x |
| Thu, 02 Oct 2025 | ฿14.5b | ฿14.0b | ฿273.3m | 10.3x | 52.9x | 1x |
| Sat, 30 Aug 2025 | ฿14.4b | ฿14.6b | -฿415,819,938.00 | 10.2x | -34.5x | 1x |
| Mon, 28 Jul 2025 | ฿13.7b | ฿14.8b | -฿405,801,716.00 | 9.1x | -33.7x | 0.9x |
| Wed, 25 Jun 2025 | ฿13.8b | ฿14.8b | -฿405,801,716.00 | 9.4x | -33.9x | 0.9x |
| Fri, 23 May 2025 | ฿14.7b | ฿14.8b | -฿386,500,046.00 | 9.6x | -38x | 1x |
| Sun, 20 Apr 2025 | ฿15.5b | ฿15.0b | -฿406,796,665.00 | 10.9x | -38.1x | 1x |
| Tue, 18 Mar 2025 | ฿16.2b | ฿15.0b | -฿270,418,509.00 | 12.7x | -60x | 1.1x |
| Thu, 13 Feb 2025 | ฿16.1b | ฿15.3b | -฿97,765,338.00 | 11.6x | -164.7x | 1.1x |
| Sat, 11 Jan 2025 | ฿17.7b | ฿15.2b | -฿98,315,428.00 | 12.1x | -179.9x | 1.2x |
| Mon, 09 Dec 2024 | ฿20.2b | ฿15.2b | -฿98,315,428.00 | 15.1x | -205.1x | 1.3x |
| Wed, 06 Nov 2024 | ฿22.3b | ฿15.6b | -฿314,425,809.00 | 20.7x | -70.9x | 1.4x |
| Fri, 04 Oct 2024 | ฿23.0b | ฿15.6b | -฿314,425,809.00 | 19x | -73.3x | 1.5x |
| Sun, 01 Sep 2024 | ฿20.9b | ฿15.6b | -฿314,425,809.00 | 15.9x | -66.6x | 1.3x |
| Tue, 30 Jul 2024 | ฿20.1b | ฿15.4b | -฿118,130,045.00 | 14.7x | -170.1x | 1.3x |
| Thu, 27 Jun 2024 | ฿22.1b | ฿15.4b | -฿118,130,045.00 | 13.9x | -187x | 1.4x |
| Sat, 25 May 2024 | ฿23.1b | ฿15.3b | -฿14,320,373.00 | 14.7x | -1613.1x | 1.5x |
| Mon, 22 Apr 2024 | ฿23.3b | ฿16.3b | -฿231,785,778.00 | 19.8x | -100.5x | 1.4x |
| Wed, 20 Mar 2024 | ฿25.5b | ฿16.3b | -฿231,785,778.00 | 22x | -109.8x | 1.6x |
| Fri, 16 Feb 2024 | ฿27.6b | ฿16.0b | ฿158.1m | 53.5x | 174.4x | 1.7x |
| Sun, 14 Jan 2024 | ฿27.5b | ฿16.0b | ฿158.1m | 50.9x | 173.8x | 1.7x |
| Tue, 12 Dec 2023 | ฿23.5b | ฿15.5b | ฿94.3m | 52.6x | 249.4x | 1.5x |
| Thu, 09 Nov 2023 | ฿23.9b | ฿15.3b | ฿416.6m | 18x | 57.4x | 1.6x |
| Sat, 07 Oct 2023 | ฿26.1b | ฿15.3b | ฿416.6m | 19.4x | 62.5x | 1.7x |
| Mon, 04 Sep 2023 | ฿29.2b | ฿15.3b | ฿416.6m | 20x | 70x | 1.9x |
| Wed, 02 Aug 2023 | ฿28.9b | ฿15.2b | ฿722.9m | 20.8x | 40x | 1.9x |
| Fri, 30 Jun 2023 | ฿27.1b | ฿15.2b | ฿722.9m | 21.7x | 37.4x | 1.8x |
| Sun, 28 May 2023 | ฿47.5b | ฿15.9b | ฿802.3m | 28.1x | 59.2x | 3x |
| Tue, 25 Apr 2023 | ฿47.8b | ฿15.6b | ฿983.0m | 30x | 48.6x | 3.1x |
| Thu, 23 Mar 2023 | ฿50.5b | ฿15.8b | ฿983.0m | 32x | 51.4x | 3.2x |
| Sat, 18 Feb 2023 | ฿47.6b | ฿14.3b | ฿992.4m | 23.7x | 47.9x | 3.3x |
| Mon, 16 Jan 2023 | ฿45.1b | ฿13.5b | ฿927.6m | 27.5x | 48.6x | 3.3x |
Price to Earnings Ratio
48.6x
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 1.6x 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.
- Meanwhile revenues have grown 2.5% per year.
- This means that although more sales are being generated, 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 | -0.51% | |
| Industrials | -1.06% | |
| Commercial Services | -1.12% | |
| Environmental and Facilities Services | 0.89% | |
| Diversified Support Services | -0.10% | |
| Commercial Printing | -3.02% | |
| Office Services and Supplies | -3.24% | |
Industry PE
- Investors are most optimistic about the Office Services and Supplies industry which is trading above its 3-year average PE ratio of 2.4x.
- 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 18% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- 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 | |
|---|---|---|---|---|---|
| KWC Krungdhep Sophon | ฿278.00 | 3.7% +฿60.0m | n/a | PE17.1x | |
| BWG Better World Green | ฿0.28 | 3.7% +฿58.0m | -24.3% | PE4x | |
| GENCO General Environmental Conservation | ฿0.26 | 4.0% +฿11.1m | -38.1% | PS1x |