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Thai (SET) Commercial Services Industry Analysis
UpdatedMar 09, 2026
DataAggregated Company Financials
Companies17
- 7D-6.6%
- 3M-0.3%
- 1Y-15.1%
- YTD-0.7%
Over the last 7 days, the Commercial Services industry has dropped 6.6%, driven by T.K.S. Technologies declining 9.4%. Meanwhile, Salee Printing actually outperformed within the industry, gaining 5.4% in the last week. However, the industry is down 15% over the past year. Earnings are forecast to grow by 65% 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, 09 Mar 2026 | ฿13.9b | ฿14.3b | -฿955,555,113.00 | 11.4x | -14.5x | 1x |
| Wed, 04 Feb 2026 | ฿13.6b | ฿14.5b | -฿1,029,750,864.00 | 10.4x | -13.2x | 0.9x |
| Fri, 02 Jan 2026 | ฿13.8b | ฿14.5b | -฿1,029,750,864.00 | 9.7x | -13.4x | 1x |
| Sun, 30 Nov 2025 | ฿14.2b | ฿14.6b | -฿1,057,979,864.00 | 9.7x | -13.4x | 1x |
| Tue, 28 Oct 2025 | ฿14.5b | ฿14.6b | -฿415,819,938.00 | 9.9x | -34.9x | 1x |
| Thu, 25 Sep 2025 | ฿14.4b | ฿14.0b | ฿273.3m | 10.4x | 52.6x | 1x |
| Sat, 23 Aug 2025 | ฿14.1b | ฿14.6b | -฿415,819,938.00 | 10.4x | -33.9x | 1x |
| Mon, 21 Jul 2025 | ฿13.7b | ฿14.8b | -฿405,801,716.00 | 9.2x | -33.7x | 0.9x |
| Wed, 18 Jun 2025 | ฿14.0b | ฿14.8b | -฿405,801,716.00 | 9.6x | -34.5x | 0.9x |
| Fri, 16 May 2025 | ฿15.5b | ฿14.8b | -฿404,236,528.00 | 10.1x | -38.2x | 1x |
| Sun, 13 Apr 2025 | ฿15.0b | ฿15.0b | -฿406,796,665.00 | 10.2x | -36.9x | 1x |
| Tue, 11 Mar 2025 | ฿16.1b | ฿15.0b | -฿270,418,509.00 | 13x | -59.4x | 1.1x |
| Thu, 06 Feb 2025 | ฿16.3b | ฿15.2b | -฿98,315,428.00 | 10.7x | -165.9x | 1.1x |
| Sat, 04 Jan 2025 | ฿18.6b | ฿15.3b | -฿266,807,551.00 | 13x | -69.6x | 1.2x |
| Mon, 02 Dec 2024 | ฿20.0b | ฿15.2b | -฿98,315,428.00 | 14.8x | -203.5x | 1.3x |
| Wed, 30 Oct 2024 | ฿22.0b | ฿15.6b | -฿314,425,809.00 | 18.6x | -69.9x | 1.4x |
| Fri, 27 Sep 2024 | ฿23.2b | ฿15.6b | -฿314,425,809.00 | 16.4x | -73.9x | 1.5x |
| Sun, 25 Aug 2024 | ฿21.6b | ฿15.8b | -฿300,812,577.00 | 16.7x | -71.9x | 1.4x |
| Tue, 23 Jul 2024 | ฿20.4b | ฿15.4b | -฿118,130,045.00 | 14.5x | -172.7x | 1.3x |
| Thu, 20 Jun 2024 | ฿20.9b | ฿15.4b | -฿118,130,045.00 | 12.8x | -177x | 1.4x |
| Sat, 18 May 2024 | ฿23.7b | ฿16.5b | -฿145,239,486.00 | 14.9x | -162.9x | 1.4x |
| Mon, 15 Apr 2024 | ฿25.1b | ฿16.3b | -฿231,785,778.00 | 21.5x | -108.2x | 1.5x |
| Wed, 13 Mar 2024 | ฿25.8b | ฿16.3b | -฿231,785,778.00 | 20.1x | -111.3x | 1.6x |
| Fri, 09 Feb 2024 | ฿26.5b | ฿16.0b | ฿158.1m | 47.2x | 167.6x | 1.7x |
| Sun, 07 Jan 2024 | ฿25.1b | ฿15.5b | ฿94.3m | 52x | 266.6x | 1.6x |
| Tue, 05 Dec 2023 | ฿23.4b | ฿15.5b | ฿94.3m | 52.3x | 247.9x | 1.5x |
| Thu, 02 Nov 2023 | ฿23.0b | ฿15.3b | ฿416.6m | 18.2x | 55.1x | 1.5x |
| Sat, 30 Sep 2023 | ฿27.2b | ฿15.3b | ฿416.6m | 19.3x | 65.2x | 1.8x |
| Mon, 28 Aug 2023 | ฿29.4b | ฿15.3b | ฿416.6m | 19.4x | 70.5x | 1.9x |
| Wed, 26 Jul 2023 | ฿28.1b | ฿15.2b | ฿722.9m | 20.8x | 38.8x | 1.8x |
| Fri, 23 Jun 2023 | ฿29.8b | ฿15.2b | ฿722.9m | 21.7x | 41.2x | 2x |
| Sun, 21 May 2023 | ฿45.1b | ฿15.9b | ฿798.8m | 28.3x | 56.4x | 2.8x |
| Tue, 18 Apr 2023 | ฿48.5b | ฿15.8b | ฿983.0m | 30.3x | 49.3x | 3.1x |
| Thu, 16 Mar 2023 | ฿50.8b | ฿15.9b | ฿998.5m | 31.3x | 50.8x | 3.2x |
Price to Earnings Ratio
50.8x
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 0.97x.
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 3.5% 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 8.7x.
- 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 | |
|---|---|---|---|---|---|
| SLP Salee Printing | ฿0.38 | 5.6% +฿24.0m | -2.6% | PE11.1x | |
| SFT Shrinkflex (Thailand) | ฿1.80 | 2.3% +฿17.6m | -10.9% | PE11.8x | |
| JPARK Jenkongklai | ฿3.02 | 0.7% +฿8.0m | -43.6% | PE14.5x |