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Thai (SET) Commercial Services Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies17
  • 7D-1.7%
  • 3M-0.4%
  • 1Y-14.7%
  • YTD-0.9%

Over the last 7 days, the Commercial Services industry has dropped 1.7%, driven by Plus Tech Innovation declining 13%. Meanwhile, Salee Printing actually outperformed within the industry, gaining 5.6% in the last week. The industry has fallen 15% in the last year. Looking forward, earnings are forecast to grow by 64% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026฿13.8b฿14.3b-฿792,937,483.0011.1x-17.5x1x
Thu, 05 Feb 2026฿13.5b฿14.5b-฿1,029,750,864.0010.5x-13.1x0.9x
Sat, 03 Jan 2026฿13.8b฿14.5b-฿1,029,750,864.009.7x-13.4x1x
Mon, 01 Dec 2025฿14.2b฿14.6b-฿1,057,979,864.009.7x-13.4x1x
Wed, 29 Oct 2025฿14.3b฿14.6b-฿415,819,938.009.3x-34.5x1x
Fri, 26 Sep 2025฿14.6b฿14.0b฿273.3m10.5x53.4x1x
Sun, 24 Aug 2025฿14.1b฿14.6b-฿415,819,938.0010.4x-33.9x1x
Tue, 22 Jul 2025฿13.8b฿14.8b-฿405,801,716.009.3x-34x0.9x
Thu, 19 Jun 2025฿13.8b฿14.8b-฿405,801,716.008.9x-33.9x0.9x
Sat, 17 May 2025฿15.3b฿14.8b-฿387,294,528.0010x-39.5x1x
Mon, 14 Apr 2025฿15.0b฿15.0b-฿406,796,665.0010.2x-36.9x1x
Wed, 12 Mar 2025฿16.2b฿15.0b-฿270,418,509.0013x-59.7x1.1x
Fri, 07 Feb 2025฿15.7b฿15.2b-฿98,315,428.0010.6x-159.4x1x
Sun, 05 Jan 2025฿18.6b฿15.3b-฿266,807,551.0013x-69.6x1.2x
Tue, 03 Dec 2024฿20.0b฿15.2b-฿98,315,428.0014.8x-203.2x1.3x
Thu, 31 Oct 2024฿22.2b฿15.6b-฿314,425,809.0018.6x-70.6x1.4x
Sat, 28 Sep 2024฿23.3b฿15.6b-฿314,425,809.0016.4x-74.2x1.5x
Mon, 26 Aug 2024฿21.6b฿15.8b-฿300,812,577.0016.7x-71.9x1.4x
Wed, 24 Jul 2024฿19.8b฿15.4b-฿118,130,045.0014.8x-168x1.3x
Fri, 21 Jun 2024฿21.0b฿15.4b-฿118,130,045.0012.9x-177.6x1.4x
Sun, 19 May 2024฿23.7b฿16.6b-฿181,189,385.0014.9x-130.5x1.4x
Tue, 16 Apr 2024฿25.1b฿16.3b-฿231,785,778.0021.5x-108.2x1.5x
Thu, 14 Mar 2024฿25.4b฿16.3b-฿231,785,778.0020.3x-109.7x1.6x
Sat, 10 Feb 2024฿26.4b฿16.0b฿158.1m47.7x167.1x1.6x
Mon, 08 Jan 2024฿25.1b฿15.5b฿94.3m52x266.6x1.6x
Wed, 06 Dec 2023฿23.4b฿15.5b฿94.3m52.3x247.9x1.5x
Fri, 03 Nov 2023฿23.8b฿15.3b฿416.6m18.3x57x1.6x
Sun, 01 Oct 2023฿27.2b฿15.3b฿416.6m19.3x65.2x1.8x
Tue, 29 Aug 2023฿29.7b฿15.3b฿416.6m19.4x71.2x1.9x
Thu, 27 Jul 2023฿28.0b฿15.2b฿722.9m20.8x38.7x1.8x
Sat, 24 Jun 2023฿28.2b฿15.2b฿722.9m23.6x39x1.8x
Mon, 22 May 2023฿45.1b฿15.9b฿798.8m28.3x56.4x2.8x
Wed, 19 Apr 2023฿48.6b฿15.6b฿983.0m30.3x49.4x3.1x
Fri, 17 Mar 2023฿50.6b฿15.9b฿998.5m31x50.6x3.2x
Price to Earnings Ratio

50.6x


Total Market Cap: ฿50.6bTotal Earnings: ฿998.5mTotal Revenue: ฿15.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Commercial Services Industry Price to Earnings3Y Average -38.6x202420252026
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-5.71%
Industrials-4.44%
Commercial Services-1.74%
Office Services and Supplies0%0
Environmental and Facilities Services-0.64%
Commercial Printing-1.94%
Diversified Support Services-3.02%
Industry PE
  • Investors are most optimistic about the Office Services and Supplies industry which is trading above its 3-year average PE ratio of 9.0x.
    • 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
BWG Better World Green฿0.316.9%
+฿127.6m
10.7%PE4.4x
JPARK Jenkongklai฿3.144.7%
+฿56.0m
-41.3%PE15.1x
SLP Salee Printing฿0.385.6%
+฿24.0m
-7.3%PE11.1x
SFT Shrinkflex (Thailand)฿1.802.3%
+฿17.6m
-11.8%PE11.8x
DTCI D.T.C. Industries฿20.105.8%
+฿11.0m
-26.9%PS1.7x

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