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Thai (SET) Electrical Industry Analysis
UpdatedJan 29, 2026
DataAggregated Company Financials
Companies15
- 7D0.5%
- 3M-3.1%
- 1Y-16.3%
- YTD-0.1%
Over the last 7 days, the Electrical industry has remained flat, although notably Kijcharoen Engineering Electric gained 4.2%. As for the longer term, the industry has declined 16% in the last year. Looking forward, earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Thu, 29 Jan 2026 | ฿16.3b | ฿28.6b | ฿1.6b | 8.8x | 10.4x | 0.6x |
| Sat, 27 Dec 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Mon, 24 Nov 2025 | ฿16.3b | ฿29.3b | ฿1.6b | 8.7x | 10.1x | 0.6x |
| Wed, 22 Oct 2025 | ฿17.1b | ฿29.7b | ฿1.8b | 9.5x | 9.3x | 0.6x |
| Fri, 19 Sep 2025 | ฿17.7b | ฿29.7b | ฿1.8b | 10x | 9.6x | 0.6x |
| Sun, 17 Aug 2025 | ฿17.3b | ฿29.7b | ฿1.8b | 9.8x | 9.4x | 0.6x |
| Tue, 15 Jul 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.6x | 10.5x | 0.6x |
| Thu, 12 Jun 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.5x | 10.5x | 0.6x |
| Sat, 10 May 2025 | ฿17.6b | ฿31.1b | ฿1.8b | 11.2x | 9.9x | 0.6x |
| Mon, 07 Apr 2025 | ฿17.1b | ฿31.1b | ฿1.7b | 11.1x | 9.8x | 0.6x |
| Wed, 05 Mar 2025 | ฿17.9b | ฿31.1b | ฿1.8b | 11.6x | 9.8x | 0.6x |
| Fri, 31 Jan 2025 | ฿19.3b | ฿31.3b | ฿1.7b | 12.4x | 11.4x | 0.6x |
| Sun, 29 Dec 2024 | ฿20.6b | ฿31.3b | ฿1.7b | 13x | 12.2x | 0.7x |
| Tue, 26 Nov 2024 | ฿20.6b | ฿31.3b | ฿1.6b | 12.1x | 12.9x | 0.7x |
| Thu, 24 Oct 2024 | ฿20.8b | ฿30.1b | ฿1.5b | 11.9x | 13.5x | 0.7x |
| Sat, 21 Sep 2024 | ฿21.7b | ฿30.1b | ฿1.5b | 12.1x | 14.1x | 0.7x |
| Mon, 19 Aug 2024 | ฿19.5b | ฿30.1b | ฿1.5b | 11.4x | 12.7x | 0.6x |
| Wed, 17 Jul 2024 | ฿21.2b | ฿29.1b | ฿1.5b | 13.1x | 14x | 0.7x |
| Fri, 14 Jun 2024 | ฿21.2b | ฿29.1b | ฿1.5b | 12.9x | 13.9x | 0.7x |
| Sun, 12 May 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 11.4x | 14.2x | 0.7x |
| Tue, 09 Apr 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 12.1x | 14.1x | 0.7x |
| Thu, 07 Mar 2024 | ฿19.3b | ฿28.4b | ฿1.4b | 12x | 13.9x | 0.7x |
| Sat, 03 Feb 2024 | ฿19.4b | ฿27.8b | ฿1.1b | 14.7x | 17x | 0.7x |
| Mon, 01 Jan 2024 | ฿19.0b | ฿27.8b | ฿1.1b | 14.4x | 16.7x | 0.7x |
| Wed, 29 Nov 2023 | ฿18.8b | ฿27.8b | ฿1.1b | 14.1x | 16.4x | 0.7x |
| Fri, 27 Oct 2023 | ฿18.5b | ฿28.7b | ฿842.3m | 13.7x | 22x | 0.6x |
| Sun, 24 Sep 2023 | ฿20.6b | ฿28.7b | ฿842.3m | 16.5x | 24.5x | 0.7x |
| Tue, 22 Aug 2023 | ฿20.3b | ฿28.6b | ฿840.4m | 15.1x | 24.1x | 0.7x |
| Thu, 20 Jul 2023 | ฿16.6b | ฿23.8b | ฿641.3m | 20.6x | 26x | 0.7x |
| Sat, 17 Jun 2023 | ฿18.5b | ฿53.0b | ฿3.8b | 16.4x | 4.9x | 0.3x |
| Mon, 15 May 2023 | ฿49.6b | ฿52.9b | ฿3.5b | 19.3x | 14x | 0.9x |
| Wed, 12 Apr 2023 | ฿51.2b | ฿53.0b | ฿3.6b | 19.8x | 14.3x | 1x |
| Fri, 10 Mar 2023 | ฿50.5b | ฿52.9b | ฿3.5b | 19.4x | 14.2x | 1x |
| Sun, 05 Feb 2023 | ฿58.7b | ฿53.0b | ฿3.1b | 17x | 18.7x | 1.1x |
Price to Earnings Ratio
18.7x
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 10.4x which is lower than its 3-year average PE of 14.0x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 21% per year over the last three years,
- Revenues have also declined 19% 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 | 1.61% | |
| Industrials | -1.96% | |
| Electrical | 0.51% | |
| Electrical Components | 0.64% | |
| Heavy Electrical Equipment | 0% | 0 |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.3x.
- Analysts are expecting annual earnings growth of 16.8%, which is higher than its past year's earnings growth of 6.5% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 9.9x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 6.5% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| KJL Kijcharoen Engineering Electric | ฿6.20 | 3.3% +฿46.4m | -10.8% | PE8.4x | |
| CTW Charoong Thai Wire and Cable | ฿2.96 | 3.5% +฿39.8m | -7.5% | PE6.1x | |
| ASEFA Asefa | ฿3.48 | 1.8% +฿31.0m | 15.2% | PE8.8x | |
| LTS Light Up Total Solution | ฿2.28 | 1.8% +฿9.5m | -81.2% | PE8.4x | |
| TRT Tirathai | ฿3.68 | 0.5% +฿6.2m | 7.0% | PE17.9x |