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Thai (SET) Electrical Industry Analysis
UpdatedJan 15, 2026
DataAggregated Company Financials
Companies15
- 7D-0.9%
- 3M-6.4%
- 1Y-18.9%
- YTD-1.0%
In the last week, the Electrical industry is flat overall, with Kijcharoen Engineering Electric standing out by going down 4.1%. As for the longer term, the industry has declined 19% in the last year. 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, 15 Jan 2026 | ฿16.1b | ฿28.6b | ฿1.6b | 8.8x | 10.3x | 0.6x |
| Sat, 13 Dec 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.6x | 10.4x | 0.6x |
| Mon, 10 Nov 2025 | ฿16.7b | ฿29.3b | ฿1.8b | 8.9x | 9.5x | 0.6x |
| Wed, 08 Oct 2025 | ฿17.6b | ฿29.7b | ฿1.8b | 9.7x | 9.6x | 0.6x |
| Fri, 05 Sep 2025 | ฿17.2b | ฿29.7b | ฿1.8b | 9.7x | 9.4x | 0.6x |
| Sun, 03 Aug 2025 | ฿17.3b | ฿30.5b | ฿1.6b | 9.6x | 10.7x | 0.6x |
| Tue, 01 Jul 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.2x | 10.5x | 0.6x |
| Thu, 29 May 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.6x | 10.5x | 0.6x |
| Sat, 26 Apr 2025 | ฿17.5b | ฿31.1b | ฿1.7b | 10.8x | 10x | 0.6x |
| Mon, 24 Mar 2025 | ฿17.7b | ฿31.1b | ฿1.7b | 11.3x | 10.1x | 0.6x |
| Wed, 19 Feb 2025 | ฿18.2b | ฿31.3b | ฿1.7b | 10.9x | 10.7x | 0.6x |
| Fri, 17 Jan 2025 | ฿19.2b | ฿31.3b | ฿1.7b | 12.4x | 11.3x | 0.6x |
| Sun, 15 Dec 2024 | ฿21.4b | ฿31.3b | ฿1.7b | 13.1x | 12.6x | 0.7x |
| Tue, 12 Nov 2024 | ฿21.3b | ฿30.1b | ฿1.5b | 11.9x | 13.9x | 0.7x |
| Thu, 10 Oct 2024 | ฿21.6b | ฿30.1b | ฿1.5b | 12x | 14.1x | 0.7x |
| Sat, 07 Sep 2024 | ฿20.3b | ฿30.1b | ฿1.5b | 11.6x | 13.2x | 0.7x |
| Mon, 05 Aug 2024 | ฿20.3b | ฿29.1b | ฿1.5b | 12.8x | 13.3x | 0.7x |
| Wed, 03 Jul 2024 | ฿21.0b | ฿29.1b | ฿1.5b | 13.1x | 13.8x | 0.7x |
| Fri, 31 May 2024 | ฿21.6b | ฿29.1b | ฿1.5b | 13.4x | 14.7x | 0.7x |
| Sun, 28 Apr 2024 | ฿19.3b | ฿28.4b | ฿1.4b | 11.7x | 13.9x | 0.7x |
| Tue, 26 Mar 2024 | ฿20.0b | ฿28.4b | ฿1.4b | 12x | 14.4x | 0.7x |
| Thu, 22 Feb 2024 | ฿19.4b | ฿28.0b | ฿1.2b | 14.5x | 15.8x | 0.7x |
| Sat, 20 Jan 2024 | ฿19.4b | ฿27.8b | ฿1.1b | 14.6x | 17x | 0.7x |
| Mon, 18 Dec 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14x | 16.4x | 0.7x |
| Wed, 15 Nov 2023 | ฿18.4b | ฿28.0b | ฿1.1b | 14.3x | 17.1x | 0.7x |
| Fri, 13 Oct 2023 | ฿19.6b | ฿28.7b | ฿842.3m | 15.2x | 23.2x | 0.7x |
| Sun, 10 Sep 2023 | ฿21.3b | ฿28.6b | ฿840.4m | 16.9x | 25.3x | 0.7x |
| Tue, 08 Aug 2023 | ฿20.5b | ฿28.9b | ฿936.1m | 16.6x | 21.9x | 0.7x |
| Thu, 06 Jul 2023 | ฿16.3b | ฿23.8b | ฿641.3m | 19.7x | 25.3x | 0.7x |
| Sat, 03 Jun 2023 | ฿20.5b | ฿53.0b | ฿3.8b | 16.9x | 5.5x | 0.4x |
| Mon, 01 May 2023 | ฿50.3b | ฿53.0b | ฿3.6b | 19.7x | 14.1x | 0.9x |
| Wed, 29 Mar 2023 | ฿51.5b | ฿53.0b | ฿3.6b | 20.1x | 14.4x | 1x |
| Fri, 24 Feb 2023 | ฿51.9b | ฿53.2b | ฿3.1b | 15.7x | 16.8x | 1x |
| Sun, 22 Jan 2023 | ฿59.3b | ฿53.0b | ฿3.1b | 16.8x | 18.9x | 1.1x |
Price to Earnings Ratio
18.9x
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 10.3x which is lower than its 3-year average PE of 14.1x.
- 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 | -2.88% | |
| Industrials | -2.60% | |
| Electrical | -0.88% | |
| Heavy Electrical Equipment | 0.76% | |
| Electrical Components | -1.28% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.4x.
- 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 | |
|---|---|---|---|---|---|
| CTW Charoong Thai Wire and Cable | ฿2.98 | 2.1% +฿23.9m | -10.2% | PE6.1x | |
| QTC QTC Energy | ฿3.50 | 1.7% +฿20.5m | -0.6% | PE15.7x | |
| L&E Lighting and Equipment | ฿1.05 | 4.0% +฿19.7m | -8.7% | PS0.2x | |
| TRT Tirathai | ฿3.62 | 1.7% +฿18.5m | 1.7% | PE17.6x | |
| PIMO Pioneer Motor | ฿0.99 | 1.0% +฿7.3m | -17.5% | PE8.6x |