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Thai (SET) Commercial Services Industry Analysis
UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies17
- 7D1.7%
- 3M6.7%
- 1Y-6.9%
- YTD8.1%
Over the last 7 days, the Commercial Services industry has risen 1.2%, driven by gains from Better World Green of 6.5%. During this same period, the Salee Printing underperformed, falling 12%. However, the industry is down 6.1% over the past year. Earnings are forecast to grow by 8.7% 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 |
|---|---|---|---|---|---|---|
| Thu, 26 Feb 2026 | ฿15.1b | ฿14.5b | -฿1,023,483,641.00 | 11.4x | -14.8x | 1x |
| Sat, 24 Jan 2026 | ฿13.5b | ฿14.5b | -฿1,029,750,864.00 | 10.5x | -13.1x | 0.9x |
| Mon, 22 Dec 2025 | ฿13.6b | ฿14.5b | -฿1,029,750,864.00 | 9.5x | -13.2x | 0.9x |
| Wed, 19 Nov 2025 | ฿14.0b | ฿14.6b | -฿960,981,867.00 | 9.7x | -14.5x | 1x |
| Fri, 17 Oct 2025 | ฿15.0b | ฿14.6b | -฿415,819,938.00 | 10.2x | -36.1x | 1x |
| Sun, 14 Sep 2025 | ฿14.8b | ฿14.0b | ฿273.3m | 11.2x | 54.1x | 1.1x |
| Tue, 12 Aug 2025 | ฿14.0b | ฿14.8b | -฿403,257,716.00 | 8.9x | -34.6x | 0.9x |
| Thu, 10 Jul 2025 | ฿13.5b | ฿14.8b | -฿405,801,716.00 | 9.5x | -33.2x | 0.9x |
| Sat, 07 Jun 2025 | ฿13.9b | ฿14.8b | -฿405,801,716.00 | 9.5x | -34.4x | 0.9x |
| Mon, 05 May 2025 | ฿15.2b | ฿15.0b | -฿406,796,665.00 | 11x | -37.4x | 1x |
| Wed, 02 Apr 2025 | ฿15.7b | ฿15.0b | -฿406,796,665.00 | 11.3x | -38.7x | 1.1x |
| Fri, 28 Feb 2025 | ฿16.1b | ฿15.3b | -฿122,411,076.00 | 11.3x | -131.7x | 1.1x |
| Sun, 26 Jan 2025 | ฿17.4b | ฿15.2b | -฿98,315,428.00 | 12.1x | -176.9x | 1.1x |
| Tue, 24 Dec 2024 | ฿18.5b | ฿15.2b | -฿98,315,428.00 | 13.3x | -187.7x | 1.2x |
| Thu, 21 Nov 2024 | ฿20.4b | ฿15.6b | -฿11,902,918.00 | 15.4x | -1712.1x | 1.3x |
| Sat, 19 Oct 2024 | ฿22.9b | ฿15.6b | -฿314,425,809.00 | 18.8x | -72.8x | 1.5x |
| Mon, 16 Sep 2024 | ฿23.7b | ฿15.6b | -฿314,425,809.00 | 17x | -75.2x | 1.5x |
| Wed, 14 Aug 2024 | ฿20.1b | ฿15.7b | -฿80,382,398.00 | 14.7x | -249.8x | 1.3x |
| Fri, 12 Jul 2024 | ฿22.8b | ฿15.4b | -฿118,130,045.00 | 14.4x | -193.4x | 1.5x |
| Sun, 09 Jun 2024 | ฿21.9b | ฿15.5b | -฿115,788,045.00 | 14.1x | -189.4x | 1.4x |
| Tue, 07 May 2024 | ฿24.1b | ฿16.3b | -฿231,785,778.00 | 21x | -104x | 1.5x |
| Thu, 04 Apr 2024 | ฿24.6b | ฿16.3b | -฿231,785,778.00 | 21.3x | -106.2x | 1.5x |
| Sat, 02 Mar 2024 | ฿26.2b | ฿16.2b | -฿160,757,989.00 | 21.5x | -162.9x | 1.6x |
| Mon, 29 Jan 2024 | ฿26.3b | ฿16.0b | ฿158.1m | 49x | 166.4x | 1.6x |
| Wed, 27 Dec 2023 | ฿23.3b | ฿15.5b | ฿94.3m | 51.3x | 246.9x | 1.5x |
| Fri, 24 Nov 2023 | ฿24.1b | ฿15.6b | ฿93.5m | 54.6x | 257.4x | 1.5x |
| Sun, 22 Oct 2023 | ฿23.8b | ฿15.3b | ฿416.6m | 18.1x | 57.1x | 1.6x |
| Tue, 19 Sep 2023 | ฿28.7b | ฿15.3b | ฿416.6m | 19.6x | 68.8x | 1.9x |
| Thu, 17 Aug 2023 | ฿27.9b | ฿15.2b | ฿455.0m | 19.9x | 61.3x | 1.8x |
| Sat, 15 Jul 2023 | ฿27.6b | ฿15.2b | ฿722.9m | 20.8x | 38.1x | 1.8x |
| Mon, 12 Jun 2023 | ฿39.5b | ฿15.2b | ฿722.9m | 30.2x | 54.7x | 2.6x |
| Wed, 10 May 2023 | ฿47.0b | ฿15.6b | ฿983.0m | 30.8x | 47.8x | 3x |
| Fri, 07 Apr 2023 | ฿49.0b | ฿15.8b | ฿983.0m | 30.9x | 49.8x | 3.1x |
| Sun, 05 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 2.1% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | 3.38% | |
| Industrials | -3.41% | |
| Commercial Services | 1.73% | |
| Environmental and Facilities Services | 5.87% | |
| Office Services and Supplies | 4.52% | |
| Commercial Printing | -0.015% | |
| Diversified Support Services | -0.89% | |
Industry PE
- Investors are most optimistic about the Office Services and Supplies industry which is trading above its 3-year average PE ratio of 7.6x.
- 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 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 | |
|---|---|---|---|---|---|
| BWG Better World Green | ฿0.33 | 6.5% +฿127.6m | 32.0% | PE5.2x | |
| TKS T.K.S. Technologies | ฿6.95 | 3.0% +฿93.5m | 27.5% | PE33.5x | |
| JPARK Jenkongklai | ฿3.34 | 6.4% +฿80.0m | -38.7% | PE16.1x | |
| ROCK Rockworth | ฿12.40 | 21.6% +฿44.0m | 3.3% | PE5.2x | |
| UBA Utility Business Alliance | ฿1.07 | 5.9% +฿36.0m | 24.4% | PE11.4x |