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Thai (SET) Electrical Industry Analysis
UpdatedMar 01, 2026
DataAggregated Company Financials
Companies15
- 7D0.9%
- 3M6.6%
- 1Y-4.5%
- YTD6.2%
The Electrical is pretty flat in the last 7 days, but Asefa has stood out, gaining 16%. As for the longer term, the industry has declined 4.5% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 01 Mar 2026 | ฿17.3b | ฿28.6b | ฿1.5b | 10.1x | 11.6x | 0.6x |
| Tue, 27 Jan 2026 | ฿16.2b | ฿28.6b | ฿1.6b | 8.6x | 10.3x | 0.6x |
| Thu, 25 Dec 2025 | ฿16.4b | ฿28.6b | ฿1.6b | 8.8x | 10.4x | 0.6x |
| Sat, 22 Nov 2025 | ฿16.3b | ฿29.3b | ฿1.6b | 8.7x | 10.1x | 0.6x |
| Mon, 20 Oct 2025 | ฿17.2b | ฿29.7b | ฿1.8b | 9.6x | 9.3x | 0.6x |
| Wed, 17 Sep 2025 | ฿17.8b | ฿29.7b | ฿1.8b | 10.2x | 9.7x | 0.6x |
| Fri, 15 Aug 2025 | ฿17.3b | ฿29.9b | ฿1.8b | 10.1x | 9.5x | 0.6x |
| Sun, 13 Jul 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.5x | 10.4x | 0.6x |
| Tue, 10 Jun 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.6x | 10.5x | 0.6x |
| Thu, 08 May 2025 | ฿17.5b | ฿31.1b | ฿1.7b | 11.3x | 10x | 0.6x |
| Sat, 05 Apr 2025 | ฿17.1b | ฿31.1b | ฿1.7b | 11.1x | 9.8x | 0.6x |
| Mon, 03 Mar 2025 | ฿18.0b | ฿31.0b | ฿1.8b | 11.2x | 10x | 0.6x |
| Wed, 29 Jan 2025 | ฿19.3b | ฿31.3b | ฿1.7b | 12.5x | 11.4x | 0.6x |
| Fri, 27 Dec 2024 | ฿20.7b | ฿31.3b | ฿1.7b | 13.2x | 12.2x | 0.7x |
| Sun, 24 Nov 2024 | ฿20.9b | ฿31.3b | ฿1.6b | 12.1x | 13.1x | 0.7x |
| Tue, 22 Oct 2024 | ฿20.9b | ฿30.1b | ฿1.5b | 11.9x | 13.6x | 0.7x |
| Thu, 19 Sep 2024 | ฿21.3b | ฿30.1b | ฿1.5b | 11.9x | 13.9x | 0.7x |
| Sat, 17 Aug 2024 | ฿19.5b | ฿29.7b | ฿1.4b | 11.4x | 13.5x | 0.7x |
| Mon, 15 Jul 2024 | ฿21.8b | ฿29.1b | ฿1.5b | 13.1x | 14.3x | 0.7x |
| Wed, 12 Jun 2024 | ฿21.0b | ฿29.1b | ฿1.5b | 12.9x | 13.8x | 0.7x |
| Fri, 10 May 2024 | ฿19.5b | ฿28.4b | ฿1.4b | 11.4x | 14.1x | 0.7x |
| Sun, 07 Apr 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 12.1x | 14.1x | 0.7x |
| Tue, 05 Mar 2024 | ฿19.4b | ฿28.4b | ฿1.4b | 11.9x | 13.9x | 0.7x |
| Thu, 01 Feb 2024 | ฿19.4b | ฿27.8b | ฿1.1b | 14.7x | 17x | 0.7x |
| Sat, 30 Dec 2023 | ฿19.0b | ฿27.8b | ฿1.1b | 14.4x | 16.7x | 0.7x |
| Mon, 27 Nov 2023 | ฿18.8b | ฿27.8b | ฿1.1b | 14x | 16.5x | 0.7x |
| Wed, 25 Oct 2023 | ฿18.6b | ฿28.7b | ฿842.3m | 13.6x | 22.1x | 0.6x |
| Fri, 22 Sep 2023 | ฿20.6b | ฿28.7b | ฿842.3m | 16.6x | 24.4x | 0.7x |
| Sun, 20 Aug 2023 | ฿20.3b | ฿28.6b | ฿839.2m | 15.3x | 24.1x | 0.7x |
| Tue, 18 Jul 2023 | ฿16.4b | ฿23.8b | ฿641.3m | 20.4x | 25.6x | 0.7x |
| Thu, 15 Jun 2023 | ฿19.1b | ฿53.0b | ฿3.8b | 17.1x | 5.1x | 0.4x |
| Sat, 13 May 2023 | ฿49.6b | ฿53.0b | ฿3.6b | 19.3x | 13.9x | 0.9x |
| Mon, 10 Apr 2023 | ฿51.1b | ฿53.0b | ฿3.6b | 19.7x | 14.3x | 1x |
| Wed, 08 Mar 2023 | ฿51.5b | ฿52.6b | ฿3.4b | 26.3x | 14.9x | 1x |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are pessimistic on the Thai Electrical 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 11.6x which is lower than its 3-year average PE of 13.8x.
- The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 24% 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 | 3.27% | |
| Industrials | -1.19% | |
| Electrical | 0.87% | |
| Electrical Components | 1.62% | |
| Heavy Electrical Equipment | -2.13% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.2x.
- Analysts are expecting annual earnings growth of 17.9%, which is higher than its past year's earnings growth of 6.4% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 9.8x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 6.4% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| ASEFA Asefa | ฿4.16 | 15.6% +฿289.5m | 45.5% | PE9.8x | |
| ARROW Arrow Syndicate | ฿5.50 | 5.8% +฿77.1m | 6.8% | PE10.9x | |
| TRT Tirathai | ฿4.04 | 1.5% +฿18.5m | 21.0% | PE19.7x | |
| AKR Ekarat Engineering | ฿0.91 | 1.1% +฿14.7m | -10.8% | PE5.7x | |
| KUMWEL Kumwell Corporation | ฿1.13 | 2.7% +฿12.9m | 10.8% | PE8.6x |