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Thai (SET) Commercial Services Industry Analysis
UpdatedApr 07, 2026
DataAggregated Company Financials
Companies17
- 7D0.5%
- 3M-2.4%
- 1Y-8.9%
- YTD-2.3%
The Commercial Services is pretty flat in the last 7 days, but Better World Green has stood out, gaining 6.7%. As for the longer term, the industry has declined 8.9% 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 07 Apr 2026 | ฿13.6b | ฿14.3b | -฿604,993,124.00 | 10.8x | -22.6x | 1x |
| Thu, 05 Mar 2026 | ฿13.5b | ฿14.8b | -฿1,494,375,431.00 | 10.6x | -9x | 0.9x |
| Sat, 31 Jan 2026 | ฿13.5b | ฿14.5b | -฿1,029,750,864.00 | 10.5x | -13.1x | 0.9x |
| Mon, 29 Dec 2025 | ฿13.9b | ฿14.5b | -฿1,029,750,864.00 | 9.5x | -13.5x | 1x |
| Wed, 26 Nov 2025 | ฿14.2b | ฿14.6b | -฿1,057,979,864.00 | 9.8x | -13.4x | 1x |
| Fri, 24 Oct 2025 | ฿14.8b | ฿14.6b | -฿415,819,938.00 | 9.9x | -35.6x | 1x |
| Sun, 21 Sep 2025 | ฿14.7b | ฿14.0b | ฿273.3m | 10.8x | 53.7x | 1x |
| Tue, 19 Aug 2025 | ฿14.0b | ฿14.7b | -฿483,991,935.00 | 9.9x | -28.9x | 1x |
| Thu, 17 Jul 2025 | ฿13.5b | ฿14.8b | -฿405,801,716.00 | 8.8x | -33.2x | 0.9x |
| Sat, 14 Jun 2025 | ฿14.0b | ฿14.8b | -฿405,801,716.00 | 9.3x | -34.6x | 1x |
| Mon, 12 May 2025 | ฿15.2b | ฿15.0b | -฿398,434,665.00 | 10.7x | -38x | 1x |
| Wed, 09 Apr 2025 | ฿14.8b | ฿15.0b | -฿406,796,665.00 | 10.2x | -36.3x | 1x |
| Fri, 07 Mar 2025 | ฿16.5b | ฿15.8b | -฿395,290,811.00 | 11.9x | -41.6x | 1x |
| Sun, 02 Feb 2025 | ฿16.9b | ฿15.2b | -฿98,315,428.00 | 11.8x | -172.4x | 1.1x |
| Tue, 31 Dec 2024 | ฿18.7b | ฿15.3b | -฿266,807,551.00 | 13x | -70.2x | 1.2x |
| Thu, 28 Nov 2024 | ฿19.8b | ฿15.2b | -฿98,315,428.00 | 13.9x | -201.1x | 1.3x |
| Sat, 26 Oct 2024 | ฿22.4b | ฿15.6b | -฿314,425,809.00 | 19.1x | -71.1x | 1.4x |
| Mon, 23 Sep 2024 | ฿23.8b | ฿15.6b | -฿314,425,809.00 | 17.3x | -75.6x | 1.5x |
| Wed, 21 Aug 2024 | ฿21.0b | ฿15.8b | -฿309,575,577.00 | 16.8x | -67.9x | 1.3x |
| Fri, 19 Jul 2024 | ฿21.1b | ฿15.4b | -฿118,130,045.00 | 14.7x | -178.3x | 1.4x |
| Sun, 16 Jun 2024 | ฿22.0b | ฿15.4b | -฿118,130,045.00 | 14.1x | -186.2x | 1.4x |
| Tue, 14 May 2024 | ฿23.8b | ฿16.4b | -฿174,115,030.00 | 18.7x | -136.6x | 1.4x |
| Thu, 11 Apr 2024 | ฿25.2b | ฿16.3b | -฿231,785,778.00 | 21.3x | -108.8x | 1.5x |
| Sat, 09 Mar 2024 | ฿26.1b | ฿16.3b | -฿231,785,778.00 | 20.1x | -112.5x | 1.6x |
| Mon, 05 Feb 2024 | ฿26.3b | ฿16.0b | ฿158.1m | 50.5x | 166.5x | 1.6x |
| Wed, 03 Jan 2024 | ฿24.7b | ฿15.5b | ฿94.3m | 52.6x | 262.2x | 1.6x |
| Fri, 01 Dec 2023 | ฿23.5b | ฿15.5b | ฿94.3m | 52.6x | 249.2x | 1.5x |
| Sun, 29 Oct 2023 | ฿23.5b | ฿15.3b | ฿416.6m | 18.3x | 56.3x | 1.5x |
| Tue, 26 Sep 2023 | ฿28.3b | ฿15.3b | ฿416.6m | 19.5x | 67.9x | 1.9x |
| Thu, 24 Aug 2023 | ฿29.2b | ฿15.3b | ฿416.6m | 20.1x | 70x | 1.9x |
| Sat, 22 Jul 2023 | ฿28.2b | ฿15.2b | ฿722.9m | 20.9x | 39.1x | 1.9x |
| Mon, 19 Jun 2023 | ฿31.6b | ฿15.2b | ฿722.9m | 23.8x | 43.7x | 2.1x |
| Wed, 17 May 2023 | ฿45.2b | ฿15.6b | ฿983.0m | 27.3x | 46x | 2.9x |
| Fri, 14 Apr 2023 | ฿48.4b | ฿15.8b | ฿983.0m | 30.5x | 49.2x | 3.1x |
Price to Earnings Ratio
49.2x
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 1.4x is higher than the industry's current PS ratio of 0.95x.
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 3.2% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | 0.51% | |
| Industrials | 0.89% | |
| Commercial Services | 0.54% | |
| Environmental and Facilities Services | 2.52% | |
| Office Services and Supplies | 0.75% | |
| Diversified Support Services | -0.068% | |
| Commercial Printing | -0.80% | |
Industry PE
- Investors are most optimistic about the Office Services and Supplies industry, which is trading close to its 3-year average PE ratio of 10.0x.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BWG Better World Green | ฿0.31 | 3.3% +฿63.8m | 40.9% | PE4.4x | |
| TNDT Thai Nondestructive Testing | ฿0.15 | 7.1% +฿17.3m | -21.1% | PS0.7x | |
| ROCK Rockworth | ฿11.00 | 5.8% +฿12.0m | -4.3% | PE3.7x | |
| JPARK Jenkongklai | ฿2.88 | 0.7% +฿8.0m | -37.1% | PE13.8x | |
| UBA Utility Business Alliance | ฿1.08 | 0.9% +฿6.0m | 18.7% | PE10.3x |