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Thai (SET) Construction Industry Analysis
UpdatedMay 11, 2026
DataAggregated Company Financials
Companies39
- 7D8.0%
- 3M26.5%
- 1Y13.9%
- YTD39.2%
CH. Karnchang is up 11%, leading the way for the Construction industry, which has gained 8.0%. This takes the industry's 12 month performance to a gain of 14%. Looking forward, earnings are forecast to decline by 9.2% per year.
Industry Valuation and Performance
Has the Thai Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | ฿103.0b | ฿165.6b | ฿8.0b | 10.2x | 13x | 0.6x |
| Wed, 08 Apr 2026 | ฿94.1b | ฿165.5b | ฿7.9b | 9.9x | 11.8x | 0.6x |
| Fri, 06 Mar 2026 | ฿97.5b | ฿203.9b | ฿8.9b | 9.1x | 11x | 0.5x |
| Sun, 01 Feb 2026 | ฿78.0b | ฿206.0b | ฿8.2b | 12.4x | 9.6x | 0.4x |
| Tue, 30 Dec 2025 | ฿75.3b | ฿206.0b | ฿8.2b | 11.8x | 9.2x | 0.4x |
| Thu, 27 Nov 2025 | ฿78.4b | ฿209.4b | ฿8.0b | 12.1x | 9.8x | 0.4x |
| Sat, 25 Oct 2025 | ฿92.1b | ฿223.7b | ฿1.5b | 13.1x | 60.3x | 0.4x |
| Mon, 22 Sep 2025 | ฿103.0b | ฿223.7b | ฿1.5b | 14.7x | 67.5x | 0.5x |
| Wed, 20 Aug 2025 | ฿89.6b | ฿224.2b | ฿738.6m | 12x | 121.4x | 0.4x |
| Fri, 18 Jul 2025 | ฿83.5b | ฿233.5b | -฿2,118,604,391.00 | 12.8x | -39.4x | 0.4x |
| Sun, 15 Jun 2025 | ฿86.3b | ฿233.5b | -฿2,118,604,391.00 | 12.6x | -40.7x | 0.4x |
| Tue, 13 May 2025 | ฿92.2b | ฿247.9b | -฿7,767,429,312.00 | 14.1x | -11.9x | 0.4x |
| Thu, 10 Apr 2025 | ฿74.6b | ฿248.4b | -฿7,641,222,215.00 | 12.1x | -9.8x | 0.3x |
| Sat, 08 Mar 2025 | ฿80.5b | ฿248.8b | -฿7,830,180,144.00 | 13.3x | -10.3x | 0.3x |
| Mon, 03 Feb 2025 | ฿97.0b | ฿221.7b | -฿3,988,839,322.00 | 11.4x | -24.3x | 0.4x |
| Wed, 01 Jan 2025 | ฿116.6b | ฿221.7b | -฿3,988,839,322.00 | 13.1x | -29.2x | 0.5x |
| Fri, 29 Nov 2024 | ฿116.3b | ฿221.7b | -฿3,988,839,322.00 | 13.2x | -29.1x | 0.5x |
| Sun, 27 Oct 2024 | ฿126.9b | ฿260.7b | -฿2,566,898,939.00 | 16.6x | -49.5x | 0.5x |
| Tue, 24 Sep 2024 | ฿146.8b | ฿260.7b | -฿2,566,898,939.00 | 18.1x | -57.2x | 0.6x |
| Thu, 22 Aug 2024 | ฿127.3b | ฿260.9b | -฿2,566,898,939.00 | 14.7x | -49.6x | 0.5x |
| Sat, 20 Jul 2024 | ฿130.6b | ฿255.6b | ฿462.2m | 18.1x | 282.7x | 0.5x |
| Mon, 17 Jun 2024 | ฿134.7b | ฿255.6b | ฿461.4m | 18.1x | 292x | 0.5x |
| Wed, 15 May 2024 | ฿145.6b | ฿251.2b | ฿170.0m | 22.4x | 857x | 0.6x |
| Fri, 12 Apr 2024 | ฿151.5b | ฿252.2b | -฿3,819,583.00 | 21.2x | -39673.4x | 0.6x |
| Sun, 10 Mar 2024 | ฿157.8b | ฿258.8b | -฿302,316,908.00 | 22.4x | -521.8x | 0.6x |
| Tue, 06 Feb 2024 | ฿143.9b | ฿249.5b | ฿436.5m | 19.3x | 329.6x | 0.6x |
| Thu, 04 Jan 2024 | ฿151.3b | ฿249.5b | ฿436.5m | 16.3x | 346.5x | 0.6x |
| Sat, 02 Dec 2023 | ฿146.8b | ฿249.5b | ฿436.5m | 15.2x | 336.4x | 0.6x |
| Mon, 30 Oct 2023 | ฿150.5b | ฿240.2b | -฿743,927,412.00 | 26.3x | -202.3x | 0.6x |
| Wed, 27 Sep 2023 | ฿168.3b | ฿240.2b | -฿743,927,412.00 | 25.9x | -226.2x | 0.7x |
| Fri, 25 Aug 2023 | ฿188.3b | ฿240.2b | -฿743,927,412.00 | 27.2x | -253.1x | 0.8x |
| Sun, 23 Jul 2023 | ฿179.8b | ฿233.4b | -฿1,751,809,528.00 | 19.7x | -102.6x | 0.8x |
| Tue, 20 Jun 2023 | ฿170.6b | ฿233.4b | -฿1,647,777,116.00 | 19x | -103.5x | 0.7x |
| Thu, 18 May 2023 | ฿183.4b | ฿231.9b | -฿2,222,301,276.00 | 24.3x | -82.5x | 0.8x |
Price to Earnings Ratio
-82.5x
Current Industry PE
- Investors are pessimistic on the Thai Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 13.0x which is higher than its 3-year average PE of -1kx.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- Total earnings for the Construction industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 11% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | 0.46% | |
| Industrials | 0.82% | |
| Construction | 8.04% | |
| Construction and Engineering | 8.04% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CK CH. Karnchang | ฿18.90 | 11.2% +฿3.2b | 29.5% | PE9.5x | |
| STECON Stecon Group | ฿13.90 | 15.8% +฿2.9b | 93.1% | PE10.8x | |
| SRICHA Sriracha Construction | ฿21.00 | 18.0% +฿991.6m | 352.6% | PE6.8x | |
| CNT Christiani & Nielsen (Thai) | ฿1.40 | 37.3% +฿390.6m | 33.3% | PE18.5x | |
| ITD Italian-Thai Development | ฿0.31 | 24.0% +฿316.8m | -3.1% | PE0.9x |