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Thai (SET) Electrical Industry Analysis
UpdatedNov 06, 2025
DataAggregated Company Financials
Companies15
- 7D0.3%
- 3M-3.1%
- 1Y-22.5%
- YTD-20.2%
The Electrical is pretty flat in the last 7 days, but Asefa has stood out, gaining 3.1%. Unfortunately though, the industry is down 23% over the past 12 months. Looking forward, earnings are forecast to grow by 18% 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, 06 Nov 2025 | ฿16.9b | ฿29.7b | ฿1.8b | 9.5x | 9.2x | 0.6x |
| Sat, 04 Oct 2025 | ฿17.7b | ฿29.7b | ฿1.8b | 9.8x | 9.6x | 0.6x |
| Mon, 01 Sep 2025 | ฿17.1b | ฿29.7b | ฿1.8b | 9.4x | 9.3x | 0.6x |
| Wed, 30 Jul 2025 | ฿17.3b | ฿30.5b | ฿1.6b | 9.6x | 10.7x | 0.6x |
| Fri, 27 Jun 2025 | ฿16.8b | ฿30.5b | ฿1.6b | 9.4x | 10.4x | 0.6x |
| Sun, 25 May 2025 | ฿17.0b | ฿30.5b | ฿1.6b | 9.7x | 10.5x | 0.6x |
| Tue, 22 Apr 2025 | ฿17.1b | ฿31.1b | ฿1.7b | 10.5x | 9.8x | 0.5x |
| Thu, 20 Mar 2025 | ฿17.7b | ฿31.1b | ฿1.7b | 11.4x | 10.2x | 0.6x |
| Sat, 15 Feb 2025 | ฿18.0b | ฿31.3b | ฿1.7b | 11.1x | 10.6x | 0.6x |
| Mon, 13 Jan 2025 | ฿20.2b | ฿31.3b | ฿1.7b | 12.6x | 11.9x | 0.6x |
| Wed, 11 Dec 2024 | ฿21.5b | ฿31.3b | ฿1.7b | 13.3x | 12.7x | 0.7x |
| Fri, 08 Nov 2024 | ฿21.3b | ฿30.1b | ฿1.5b | 11.8x | 13.8x | 0.7x |
| Sun, 06 Oct 2024 | ฿21.5b | ฿30.1b | ฿1.5b | 12x | 14x | 0.7x |
| Tue, 03 Sep 2024 | ฿20.1b | ฿30.1b | ฿1.5b | 11.5x | 13.1x | 0.7x |
| Thu, 01 Aug 2024 | ฿20.5b | ฿29.1b | ฿1.5b | 12.9x | 13.5x | 0.7x |
| Sat, 29 Jun 2024 | ฿21.0b | ฿29.1b | ฿1.5b | 12.8x | 13.8x | 0.7x |
| Mon, 27 May 2024 | ฿21.7b | ฿29.1b | ฿1.5b | 13.1x | 14.7x | 0.7x |
| Wed, 24 Apr 2024 | ฿19.3b | ฿28.4b | ฿1.4b | 11.8x | 13.9x | 0.7x |
| Fri, 22 Mar 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 12.3x | 14.1x | 0.7x |
| Sun, 18 Feb 2024 | ฿19.5b | ฿28.0b | ฿1.2b | 14.4x | 15.9x | 0.7x |
| Tue, 16 Jan 2024 | ฿19.9b | ฿27.8b | ฿1.1b | 14.8x | 17.5x | 0.7x |
| Thu, 14 Dec 2023 | ฿18.3b | ฿27.8b | ฿1.1b | 13.7x | 16.1x | 0.7x |
| Sat, 11 Nov 2023 | ฿18.7b | ฿28.5b | ฿824.7m | 14.7x | 22.7x | 0.7x |
| Mon, 09 Oct 2023 | ฿19.6b | ฿28.7b | ฿842.3m | 14.6x | 23.2x | 0.7x |
| Wed, 06 Sep 2023 | ฿21.1b | ฿28.6b | ฿840.4m | 16.9x | 25.1x | 0.7x |
| Fri, 04 Aug 2023 | ฿20.5b | ฿28.9b | ฿936.1m | 16.4x | 21.9x | 0.7x |
| Sun, 02 Jul 2023 | ฿16.2b | ฿23.8b | ฿641.3m | 19.3x | 25.3x | 0.7x |
| Tue, 30 May 2023 | ฿49.4b | ฿53.0b | ฿3.8b | 15.7x | 13.1x | 0.9x |
| Thu, 27 Apr 2023 | ฿50.6b | ฿53.0b | ฿3.6b | 19.7x | 14.1x | 1x |
| Sat, 25 Mar 2023 | ฿51.5b | ฿53.0b | ฿3.6b | 20x | 14.4x | 1x |
| Mon, 20 Feb 2023 | ฿53.4b | ฿53.0b | ฿3.1b | 15.7x | 17x | 1x |
| Wed, 18 Jan 2023 | ฿54.5b | ฿53.0b | ฿3.1b | 16.7x | 17.4x | 1x |
| Fri, 16 Dec 2022 | ฿54.7b | ฿53.0b | ฿3.1b | 15.7x | 17.4x | 1x |
| Sun, 13 Nov 2022 | ฿63.3b | ฿53.1b | ฿3.1b | 16.7x | 20.6x | 1.2x |
Price to Earnings Ratio
20.6x
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 9.1x which is lower than its 3-year average PE of 14.6x.
- The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 16% 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 | -1.55% | |
| Industrials | -1.88% | |
| Electrical | 0.28% | |
| Heavy Electrical Equipment | 1.40% | |
| Electrical Components | -0.017% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.9x.
- Analysts are expecting annual earnings growth of 17.6%, which is higher than its past year's earnings growth of 13.3% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 10.2x.
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 13% 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 | ฿3.32 | 3.1% +฿51.7m | 0.6% | PE12x | |
| PCC Precise Corporation | ฿2.90 | 1.4% +฿49.1m | -1.4% | PE7.7x | |
| LTS Light Up Total Solution | ฿3.54 | 6.0% +฿47.7m | -73.2% | PE9.7x | |
| PIMO Pioneer Motor | ฿1.02 | 1.0% +฿7.3m | -38.6% | PE9.6x |