Header cover image

Thai (SET) Construction Industry Analysis

UpdatedMay 30, 2025
DataAggregated Company Financials
Companies41
  • 7D1.2%
  • 3M18.8%
  • 1Y-38.2%
  • YTD-21.4%

In the last week, the Construction industry is up 3.4%, with CH. Karnchang leading the way, up 4.2%. During this same period, the PSG Corporation underperformed, falling 8.3%. In contrast, the industry has lost 38% in the last 12 months. Looking forward, earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

Has the Thai Construction Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 May 2025฿91.5b฿233.5b-฿2,118,604,391.0013.7x-43.2x0.4x
Sun, 27 Apr 2025฿98.3b฿248.4b-฿7,641,222,215.0015.9x-12.9x0.4x
Tue, 25 Mar 2025฿78.4b฿248.4b-฿7,641,222,215.0013.3x-10.3x0.3x
Thu, 20 Feb 2025฿88.5b฿221.7b-฿3,988,839,322.0010.7x-22.2x0.4x
Sat, 18 Jan 2025฿96.7b฿221.7b-฿3,988,839,322.0011.1x-24.2x0.4x
Mon, 16 Dec 2024฿119.5b฿221.7b-฿3,988,839,322.0014.5x-30x0.5x
Wed, 13 Nov 2024฿123.0b฿260.6b-฿2,574,682,939.0015.8x-47.8x0.5x
Fri, 11 Oct 2024฿139.1b฿260.7b-฿2,566,898,939.0017.8x-54.2x0.5x
Sun, 08 Sep 2024฿144.5b฿260.7b-฿2,566,898,939.0017x-56.3x0.6x
Tue, 06 Aug 2024฿121.3b฿255.6b฿462.2m17.1x262.5x0.5x
Thu, 04 Jul 2024฿132.1b฿255.6b฿462.2m17.9x285.7x0.5x
Sat, 01 Jun 2024฿147.5b฿255.3b฿889.4m19.3x165.9x0.6x
Mon, 29 Apr 2024฿146.4b฿252.2b-฿3,819,583.0021.5x-38331.7x0.6x
Wed, 27 Mar 2024฿154.9b฿258.6b-฿97,808,583.0022.8x-1583.6x0.6x
Fri, 23 Feb 2024฿156.8b฿251.1b฿159.2m20.1x985.1x0.6x
Sun, 21 Jan 2024฿146.4b฿249.5b฿436.5m16.5x335.4x0.6x
Tue, 19 Dec 2023฿144.2b฿249.5b฿436.5m15.7x330.3x0.6x
Thu, 16 Nov 2023฿151.2b฿246.7b-฿1,301,484,895.0015.8x-116.2x0.6x
Sat, 14 Oct 2023฿154.3b฿240.2b-฿743,927,412.0024.9x-207.5x0.6x
Mon, 11 Sep 2023฿181.3b฿240.2b-฿743,927,412.0027.6x-243.7x0.8x
Wed, 09 Aug 2023฿180.3b฿233.4b-฿1,751,809,528.0018.6x-102.9x0.8x
Fri, 07 Jul 2023฿171.8b฿233.4b-฿1,751,809,528.0017.4x-98.1x0.7x
Sun, 04 Jun 2023฿172.2b฿236.5b-฿1,347,051,674.0019.5x-127.8x0.7x
Tue, 02 May 2023฿197.0b฿228.6b-฿2,414,746,143.0023.9x-81.6x0.9x
Thu, 30 Mar 2023฿203.4b฿228.6b-฿2,414,746,143.0027.6x-84.2x0.9x
Sat, 25 Feb 2023฿219.7b฿222.6b฿448.5m26.9x489.8x1x
Mon, 23 Jan 2023฿235.0b฿221.3b฿248.2m30.5x946.7x1.1x
Wed, 21 Dec 2022฿220.9b฿221.3b฿248.2m30.9x889.9x1x
Fri, 18 Nov 2022฿235.0b฿210.0b฿285.7m27.5x822.5x1.1x
Sun, 16 Oct 2022฿234.6b฿208.1b฿19.7m30.2x11883.9x1.1x
Tue, 13 Sep 2022฿237.6b฿208.1b฿19.7m29x12034.2x1.1x
Thu, 11 Aug 2022฿221.5b฿203.8b฿630.9m24.7x351.2x1.1x
Sat, 09 Jul 2022฿201.9b฿203.8b฿630.9m24.8x320x1x
Mon, 06 Jun 2022฿214.2b฿201.9b฿459.0m27.2x466.6x1.1x
Price to Earnings Ratio

466.6x


Total Market Cap: ฿214.2bTotal Earnings: ฿459.0mTotal Revenue: ฿201.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Construction Industry Price to Earnings3Y Average -1476.6x202320242025
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 close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
  • Total earnings for the Construction industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 5.0% 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-0.82%
Industrials-1.40%
Construction1.25%
Construction and Engineering1.25%
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?

CompanyLast Price7D1YValuation
CK CH. Karnchang฿14.904.2%
+฿1.0b
-34.1%PE15.6x
STECON Stecon Group฿7.359.7%
+฿980.8m
-24.6%PS0.4x
TKC Turnkey Communication Services฿10.9019.8%
+฿720.0m
-28.3%PE24.4x
SRICHA Sriracha Construction฿6.9016.0%
+฿294.4m
-33.0%PS1.8x
PROS Prosper Engineering฿0.8431.3%
+฿110.3m
-32.8%PE32.3x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

PROS

฿0.84

Prosper Engineering

7D

31.3%

1Y

-32.8%

TKC

฿10.90

Turnkey Communication Services

7D

19.8%

1Y

-28.3%

TEAMG

฿2.80

TEAM Consulting Engineering and Management

7D

-0.7%

1Y

-20.5%

ITD

฿0.30

Italian-Thai Development

7D

3.4%

1Y

-59.5%

CNT

฿1.06

Christiani & Nielsen (Thai)

7D

6.0%

1Y

-13.8%

CK

฿14.90

CH. Karnchang

7D

4.2%

1Y

-34.1%

PLE

฿0.24

Power Line Engineering

7D

-7.7%

1Y

-46.7%

SYNTEC

฿1.65

Syntec Construction

7D

-0.6%

1Y

-2.9%

SRICHA

฿6.90

Sriracha Construction

7D

16.0%

1Y

-33.0%

PSG

฿1.22

PSG Corporation

7D

-8.3%

1Y

-49.2%

DEMCO

฿1.73

Demco

7D

-16.8%

1Y

-57.8%

JR

฿1.69

J.R.W. Utility

7D

-12.0%

1Y

-60.3%

PYLON

฿1.91

Pylon

7D

6.7%

1Y

-14.0%

SAAM

฿6.75

SAAM Development

7D

-0.7%

1Y

-11.2%

TIGER

฿0.47

Thai Enger Holding

7D

-11.3%

1Y

-38.2%

STECON

฿7.35

Stecon Group

7D

9.7%

1Y

-24.6%