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Thai (SET) Electrical Industry Analysis
UpdatedJul 27, 2026
DataAggregated Company Financials
Companies15
- 7D-1.2%
- 3M38.5%
- 1Y44.3%
- YTD51.6%
Over the last 7 days, the Electrical industry has dropped 1.2%, driven by declines in Kijcharoen Engineering Electric and Kumwell Corporation of 6.3% and 9.0%, respectively. On the other hand Pioneer Motor is actually up 6.4%. Over the past 12 months, the industry was up 44%. As for the next few years, earnings are expected to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Mon, 27 Jul 2026 | ฿24.7b | ฿29.3b | ฿1.3b | 11.7x | 19.4x | 0.8x |
| Wed, 24 Jun 2026 | ฿23.5b | ฿29.3b | ฿1.3b | 11.6x | 18.5x | 0.8x |
| 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 |
Price to Earnings Ratio
22x
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 19.4x which is higher than its 3-year average PE of 14.2x.
- The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 11% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | 0.30% | |
| Industrials | -0.47% | |
| Electrical | -1.22% | |
| Heavy Electrical Equipment | 0.67% | |
| Electrical Components | -1.55% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 16.3x.
- Analysts are expecting annual earnings growth of 34.2%, which is higher than its past year's earnings growth of 12.5% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average of 9.6x.
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 12% 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 | |
|---|---|---|---|---|---|
| PIMO Pioneer Motor | ฿1.18 | 3.5% +฿29.2m | 5.4% | PE9.6x |