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Thai (SET) Commercial Services Industry Analysis
UpdatedNov 18, 2025
DataAggregated Company Financials
Companies17
- 7D-3.1%
- 3M-5.3%
- 1Y-31.2%
- YTD-25.1%
Over the last 7 days, the Commercial Services industry has dropped 2.5%, driven by a pullback from Chayo Group of 18%. However, the industry is down 31% over the past year. Earnings are forecast to grow by 39% 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, 19 Nov 2025 | ฿14.0b | ฿14.6b | -฿960,981,867.00 | 9.9x | -14.6x | 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 |
| Tue, 31 Jan 2023 | ฿49.4b | ฿13.5b | ฿927.6m | 28.7x | 53.3x | 3.7x |
| Thu, 29 Dec 2022 | ฿42.3b | ฿13.5b | ฿927.6m | 26.2x | 45.6x | 3.1x |
| Sat, 26 Nov 2022 | ฿41.3b | ฿13.5b | ฿927.6m | 25.1x | 44.5x | 3.1x |
Price to Earnings Ratio
44.5x
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 1.7x 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.
- Meanwhile revenues have grown 2.6% 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 | -2.34% | |
| Industrials | -4.63% | |
| Commercial Services | -3.10% | |
| Commercial Printing | 1.58% | |
| Office Services and Supplies | 1.13% | |
| Environmental and Facilities Services | -5.22% | |
| Diversified Support Services | -7.20% | |
Industry PE
- Investors are most optimistic about the Office Services and Supplies industry which is trading above its 3-year average PE ratio.
- 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 Commercial Printing industry, expecting annual earnings growth of 61% over the next 5 years.
- This is better than its past earnings growth rate of 31% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| TKS T.K.S. Technologies | ฿5.90 | 5.4% +฿147.4m | -12.6% | PE28.9x | |
| GENCO General Environmental Conservation | ฿0.27 | 12.5% +฿33.3m | -43.8% | PS1x | |
| UBA Utility Business Alliance | ฿0.91 | 4.6% +฿24.0m | -6.2% | PE9.7x | |
| KWC Krungdhep Sophon | ฿282.00 | 0.7% +฿12.0m | -6.9% | PE17.3x | |
| SLP Salee Printing | ฿0.38 | 2.7% +฿12.0m | -20.8% | PE8.8x |