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Thai (SET) Electrical Industry Analysis
UpdatedMay 22, 2026
DataAggregated Company Financials
Companies15
- 7D3.8%
- 3M10.3%
- 1Y10.9%
- YTD16.1%
In the last week, the Electrical industry is up 3.8%, with Kumwell Corporation leading the way, up 86%. During this same period, the CPT Drives and Power underperformed, falling 8.8%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 34% annually.
Industry Valuation and Performance
Has the Thai Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 May 2026 | ฿18.9b | ฿28.9b | ฿1.1b | 10.6x | 17.3x | 0.7x |
| Sun, 19 Apr 2026 | ฿18.1b | ฿28.0b | ฿969.3m | 10.3x | 18.6x | 0.6x |
| Tue, 17 Mar 2026 | ฿16.9b | ฿28.0b | ฿969.3m | 10.2x | 17.4x | 0.6x |
| Thu, 12 Feb 2026 | ฿16.4b | ฿28.6b | ฿1.6b | 8.9x | 10.5x | 0.6x |
| Sat, 10 Jan 2026 | ฿16.3b | ฿28.6b | ฿1.6b | 8.8x | 10.4x | 0.6x |
| Mon, 08 Dec 2025 | ฿16.4b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Wed, 05 Nov 2025 | ฿16.8b | ฿29.7b | ฿1.8b | 9.5x | 9.1x | 0.6x |
| Fri, 03 Oct 2025 | ฿17.8b | ฿29.7b | ฿1.8b | 9.7x | 9.7x | 0.6x |
| Sun, 31 Aug 2025 | ฿17.1b | ฿29.7b | ฿1.8b | 9.4x | 9.3x | 0.6x |
| Tue, 29 Jul 2025 | ฿17.1b | ฿30.5b | ฿1.6b | 9.6x | 10.6x | 0.6x |
| Thu, 26 Jun 2025 | ฿16.5b | ฿30.5b | ฿1.6b | 9.2x | 10.2x | 0.5x |
| Sat, 24 May 2025 | ฿17.0b | ฿30.5b | ฿1.6b | 9.7x | 10.5x | 0.6x |
| Mon, 21 Apr 2025 | ฿17.1b | ฿31.1b | ฿1.7b | 10.3x | 9.8x | 0.6x |
| Wed, 19 Mar 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11.4x | 10.1x | 0.6x |
| Fri, 14 Feb 2025 | ฿18.0b | ฿31.3b | ฿1.7b | 11.1x | 10.6x | 0.6x |
| Sun, 12 Jan 2025 | ฿20.2b | ฿31.3b | ฿1.7b | 12.6x | 11.9x | 0.6x |
| Tue, 10 Dec 2024 | ฿21.5b | ฿31.3b | ฿1.7b | 13.3x | 12.7x | 0.7x |
| Thu, 07 Nov 2024 | ฿21.4b | ฿30.1b | ฿1.5b | 11.8x | 13.9x | 0.7x |
| Sat, 05 Oct 2024 | ฿21.5b | ฿30.1b | ฿1.5b | 12x | 14x | 0.7x |
| Mon, 02 Sep 2024 | ฿20.1b | ฿30.1b | ฿1.5b | 11.3x | 13.1x | 0.7x |
| Wed, 31 Jul 2024 | ฿20.5b | ฿29.1b | ฿1.5b | 12.9x | 13.5x | 0.7x |
| Fri, 28 Jun 2024 | ฿21.4b | ฿29.1b | ฿1.5b | 12.8x | 14.1x | 0.7x |
| Sun, 26 May 2024 | ฿21.7b | ฿29.1b | ฿1.5b | 13.1x | 14.7x | 0.7x |
| Tue, 23 Apr 2024 | ฿19.1b | ฿28.4b | ฿1.4b | 11.7x | 13.8x | 0.7x |
| Thu, 21 Mar 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 12.2x | 14.1x | 0.7x |
| Sat, 17 Feb 2024 | ฿19.5b | ฿28.0b | ฿1.2b | 14.4x | 15.9x | 0.7x |
| Mon, 15 Jan 2024 | ฿19.8b | ฿27.8b | ฿1.1b | 14.7x | 17.4x | 0.7x |
| Wed, 13 Dec 2023 | ฿18.5b | ฿27.8b | ฿1.1b | 13.9x | 16.2x | 0.7x |
| Fri, 10 Nov 2023 | ฿18.8b | ฿28.5b | ฿824.7m | 14.9x | 22.8x | 0.7x |
| Sun, 08 Oct 2023 | ฿19.6b | ฿28.7b | ฿842.3m | 14.6x | 23.2x | 0.7x |
| Tue, 05 Sep 2023 | ฿20.8b | ฿28.6b | ฿840.4m | 16.4x | 24.7x | 0.7x |
| Thu, 03 Aug 2023 | ฿20.6b | ฿28.9b | ฿936.1m | 16.5x | 22x | 0.7x |
| Sat, 01 Jul 2023 | ฿16.2b | ฿23.8b | ฿641.3m | 19.3x | 25.3x | 0.7x |
| Mon, 29 May 2023 | ฿49.5b | ฿53.0b | ฿3.8b | 15.8x | 13.1x | 0.9x |
Price to Earnings Ratio
13.1x
Current Industry PE
- Investors are optimistic on the Thai Electrical industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.3x which is higher than its 3-year average PE of 14.1x.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 34% per year over the last three years,
- Revenues have also declined 18% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | -0.42% | |
| Industrials | -0.77% | |
| Electrical | 3.76% | |
| Electrical Components | 4.77% | |
| Heavy Electrical Equipment | -0.73% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 16.0x.
- Analysts are expecting annual earnings growth of 34.2%, which is higher than its past year's earnings growth of 9.0% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 9.7x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings growth rate of 9.0% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 34% 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 | |
|---|---|---|---|---|---|
| CTW Charoong Thai Wire and Cable | ฿4.20 | 32.9% +฿413.8m | 40.9% | PE15.6x | |
| TRT Tirathai | ฿7.80 | 13.9% +฿292.6m | 145.3% | PE10.4x | |
| KUMWEL Kumwell Corporation | ฿1.93 | 39.9% +฿236.5m | 65.0% | PE10.1x | |
| ASEFA Asefa | ฿4.56 | 4.1% +฿93.0m | 34.9% | PE8.1x | |
| ARROW Arrow Syndicate | ฿5.15 | 3.0% +฿38.5m | 4.7% | PE9.3x |