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Thai (SET) Commercial Services Industry Analysis
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies17
- 7D2.4%
- 3M-1.1%
- 1Y-13.2%
- YTD0.05%
Over the last 7 days, the Commercial Services industry has risen 2.0%, driven by gains from Chayo Group of 12%. In the same time, Jenkongklai was down 5.8%. In the past year, the industry is down 12%. Earnings are forecast to grow by 9.8% 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, 12 Feb 2026 | ฿13.8b | ฿14.5b | -฿1,029,750,864.00 | 10.8x | -13.4x | 1x |
| Sat, 10 Jan 2026 | ฿13.6b | ฿14.5b | -฿1,029,750,864.00 | 9.8x | -13.2x | 0.9x |
| Mon, 08 Dec 2025 | ฿14.1b | ฿14.5b | -฿1,057,977,864.00 | 9.7x | -13.3x | 1x |
| Wed, 05 Nov 2025 | ฿14.4b | ฿14.6b | -฿415,819,938.00 | 9x | -34.7x | 1x |
| Fri, 03 Oct 2025 | ฿14.7b | ฿14.0b | ฿273.3m | 10.2x | 53.7x | 1x |
| Sun, 31 Aug 2025 | ฿14.4b | ฿14.6b | -฿415,819,938.00 | 10.2x | -34.5x | 1x |
| Tue, 29 Jul 2025 | ฿13.7b | ฿14.8b | -฿405,801,716.00 | 9.1x | -33.7x | 0.9x |
| Thu, 26 Jun 2025 | ฿13.8b | ฿14.8b | -฿405,801,716.00 | 9.6x | -34.1x | 0.9x |
| Sat, 24 May 2025 | ฿14.5b | ฿14.8b | -฿386,500,046.00 | 9.6x | -37.4x | 1x |
| Mon, 21 Apr 2025 | ฿15.5b | ฿15.0b | -฿406,796,665.00 | 10.9x | -38.1x | 1x |
| Wed, 19 Mar 2025 | ฿16.3b | ฿15.0b | -฿270,418,509.00 | 12.7x | -60.4x | 1.1x |
| Fri, 14 Feb 2025 | ฿15.7b | ฿15.3b | -฿97,765,338.00 | 11.4x | -160.2x | 1x |
| Sun, 12 Jan 2025 | ฿17.7b | ฿15.2b | -฿98,315,428.00 | 12.1x | -179.9x | 1.2x |
| Tue, 10 Dec 2024 | ฿19.8b | ฿15.2b | -฿98,315,428.00 | 14.8x | -201.3x | 1.3x |
| Thu, 07 Nov 2024 | ฿22.2b | ฿15.6b | -฿314,425,809.00 | 20.7x | -70.5x | 1.4x |
| Sat, 05 Oct 2024 | ฿23.0b | ฿15.6b | -฿314,425,809.00 | 19.9x | -73x | 1.5x |
| Mon, 02 Sep 2024 | ฿20.9b | ฿15.6b | -฿314,425,809.00 | 15.9x | -66.6x | 1.3x |
| Wed, 31 Jul 2024 | ฿20.2b | ฿15.4b | -฿118,130,045.00 | 14.4x | -170.7x | 1.3x |
| Fri, 28 Jun 2024 | ฿22.5b | ฿15.4b | -฿118,130,045.00 | 13.8x | -190.8x | 1.5x |
| Sun, 26 May 2024 | ฿23.1b | ฿15.3b | -฿14,320,373.00 | 14.7x | -1612.5x | 1.5x |
| Tue, 23 Apr 2024 | ฿23.3b | ฿16.3b | -฿231,785,778.00 | 19.8x | -100.5x | 1.4x |
| Thu, 21 Mar 2024 | ฿25.3b | ฿16.3b | -฿231,785,778.00 | 21.5x | -109.2x | 1.6x |
| Sat, 17 Feb 2024 | ฿27.1b | ฿16.0b | ฿158.1m | 51.8x | 171.4x | 1.7x |
| Mon, 15 Jan 2024 | ฿27.5b | ฿16.0b | ฿158.1m | 50.9x | 173.8x | 1.7x |
| Wed, 13 Dec 2023 | ฿23.1b | ฿15.5b | ฿94.3m | 52.6x | 244.6x | 1.5x |
| Fri, 10 Nov 2023 | ฿23.4b | ฿15.3b | ฿414.0m | 18x | 56.5x | 1.5x |
| Sun, 08 Oct 2023 | ฿26.1b | ฿15.3b | ฿416.6m | 19.4x | 62.5x | 1.7x |
| Tue, 05 Sep 2023 | ฿28.8b | ฿15.3b | ฿416.6m | 20x | 69x | 1.9x |
| Thu, 03 Aug 2023 | ฿28.7b | ฿15.2b | ฿722.9m | 20.5x | 39.7x | 1.9x |
| Sat, 01 Jul 2023 | ฿27.7b | ฿15.2b | ฿722.9m | 22.3x | 38.3x | 1.8x |
| Mon, 29 May 2023 | ฿47.5b | ฿15.9b | ฿802.3m | 28.1x | 59.2x | 3x |
| Wed, 26 Apr 2023 | ฿46.3b | ฿15.6b | ฿983.0m | 30x | 47.1x | 3x |
| Fri, 24 Mar 2023 | ฿51.1b | ฿15.8b | ฿983.0m | 32x | 51.9x | 3.2x |
| Sun, 19 Feb 2023 | ฿47.6b | ฿14.3b | ฿992.4m | 23.7x | 47.9x | 3.3x |
Price to Earnings Ratio
47.9x
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 0.94x.
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 remained mostly flat.
- This means that although sales have remained flat, 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 | 4.86% | |
| Industrials | 7.55% | |
| Commercial Services | 2.38% | |
| Environmental and Facilities Services | 2.77% | |
| Diversified Support Services | 2.37% | |
| Commercial Printing | 2.15% | |
| Office Services and Supplies | 2.11% | |
Industry PE
- Investors are most optimistic about the Office Services and Supplies industry which is trading above its 3-year average PE ratio of 6.0x.
- 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 Environmental and Facilities Services industry, expecting annual earnings growth of 16% 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 | |
|---|---|---|---|---|---|
| CHAYO Chayo Group | ฿1.32 | 10.9% +฿151.5m | -39.6% | PE5.8x | |
| BWG Better World Green | ฿0.27 | 8.0% +฿116.0m | -3.6% | PE3.9x | |
| TKS T.K.S. Technologies | ฿6.60 | 3.1% +฿95.4m | 28.2% | PE31.9x | |
| PTECH Plus Tech Innovation | ฿1.84 | 4.0% +฿25.7m | 67.3% | PS1.2x | |
| UBA Utility Business Alliance | ฿1.01 | 3.1% +฿18.0m | 34.7% | PE10.8x |