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Thai (SET) Electrical Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies15
- 7D-1.1%
- 3M-4.1%
- 1Y-22.8%
- YTD-22.5%
Last week, the Electrical industry hasn't moved much but Charoong Thai Wire and Cable is up 7.8% in that time. As for the longer term, the industry has declined 23% in the last year. 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Nov 2025 | ฿16.4b | ฿29.3b | ฿1.6b | 8.8x | 10.1x | 0.6x |
| Sun, 19 Oct 2025 | ฿17.2b | ฿29.7b | ฿1.8b | 9.6x | 9.3x | 0.6x |
| Tue, 16 Sep 2025 | ฿17.7b | ฿29.7b | ฿1.8b | 10.1x | 9.6x | 0.6x |
| Thu, 14 Aug 2025 | ฿17.6b | ฿30.6b | ฿1.6b | 10x | 11.2x | 0.6x |
| Sat, 12 Jul 2025 | ฿17.0b | ฿30.5b | ฿1.6b | 9.6x | 10.5x | 0.6x |
| Mon, 09 Jun 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.6x | 10.5x | 0.6x |
| Wed, 07 May 2025 | ฿17.5b | ฿31.1b | ฿1.7b | 11.2x | 10x | 0.6x |
| Fri, 04 Apr 2025 | ฿17.4b | ฿31.1b | ฿1.7b | 11.5x | 10x | 0.6x |
| Sun, 02 Mar 2025 | ฿18.0b | ฿30.9b | ฿1.8b | 11.2x | 10.1x | 0.6x |
| Tue, 28 Jan 2025 | ฿19.3b | ฿31.3b | ฿1.7b | 12.4x | 11.4x | 0.6x |
| Thu, 26 Dec 2024 | ฿20.8b | ฿31.3b | ฿1.7b | 13.1x | 12.3x | 0.7x |
| Sat, 23 Nov 2024 | ฿20.9b | ฿31.4b | ฿1.7b | 13.4x | 12.3x | 0.7x |
| Mon, 21 Oct 2024 | ฿20.9b | ฿30.1b | ฿1.5b | 11.8x | 13.6x | 0.7x |
| Wed, 18 Sep 2024 | ฿21.3b | ฿30.1b | ฿1.5b | 11.8x | 13.8x | 0.7x |
| Fri, 16 Aug 2024 | ฿19.4b | ฿29.7b | ฿1.6b | 11.9x | 12.4x | 0.7x |
| Sun, 14 Jul 2024 | ฿21.8b | ฿29.1b | ฿1.5b | 13.1x | 14.3x | 0.7x |
| Tue, 11 Jun 2024 | ฿21.3b | ฿29.1b | ฿1.5b | 12.9x | 14x | 0.7x |
| Thu, 09 May 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 11.4x | 14.1x | 0.7x |
| Sat, 06 Apr 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 12.1x | 14.1x | 0.7x |
| Mon, 04 Mar 2024 | ฿19.3b | ฿28.4b | ฿1.3b | 12x | 14.3x | 0.7x |
| Wed, 31 Jan 2024 | ฿19.7b | ฿27.8b | ฿1.1b | 14.7x | 17.3x | 0.7x |
| Fri, 29 Dec 2023 | ฿19.0b | ฿27.8b | ฿1.1b | 14.4x | 16.7x | 0.7x |
| Sun, 26 Nov 2023 | ฿18.8b | ฿27.8b | ฿1.1b | 14x | 16.5x | 0.7x |
| Tue, 24 Oct 2023 | ฿18.8b | ฿28.7b | ฿842.3m | 14.3x | 22.3x | 0.7x |
| Thu, 21 Sep 2023 | ฿20.5b | ฿28.6b | ฿840.4m | 16.5x | 24.4x | 0.7x |
| Sat, 19 Aug 2023 | ฿20.3b | ฿28.6b | ฿839.2m | 15.3x | 24.1x | 0.7x |
| Mon, 17 Jul 2023 | ฿16.3b | ฿23.8b | ฿641.3m | 20.3x | 25.5x | 0.7x |
| Wed, 14 Jun 2023 | ฿19.2b | ฿53.0b | ฿3.8b | 17.4x | 5.1x | 0.4x |
| Fri, 12 May 2023 | ฿49.7b | ฿53.0b | ฿3.6b | 19.1x | 13.9x | 0.9x |
| Sun, 09 Apr 2023 | ฿51.1b | ฿53.0b | ฿3.6b | 19.7x | 14.3x | 1x |
| Tue, 07 Mar 2023 | ฿51.5b | ฿52.6b | ฿3.4b | 25.8x | 14.9x | 1x |
| Thu, 02 Feb 2023 | ฿59.6b | ฿53.0b | ฿3.1b | 17.1x | 19x | 1.1x |
| Sat, 31 Dec 2022 | ฿51.7b | ฿53.0b | ฿3.1b | 16.3x | 16.5x | 1x |
| Mon, 28 Nov 2022 | ฿62.6b | ฿53.0b | ฿3.1b | 17.2x | 19.9x | 1.2x |
Price to Earnings Ratio
19.9x
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 10.1x which is lower than its 3-year average PE of 14.5x.
- The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 20% 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 | -0.45% | |
| Industrials | 0.96% | |
| Electrical | -1.08% | |
| Electrical Components | -0.99% | |
| Heavy Electrical Equipment | -1.45% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.7x.
- Analysts are expecting annual earnings growth of 18.0%, 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 10.1x.
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 6.5% 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 | |
|---|---|---|---|---|---|
| CPT CPT Drives and Power | ฿1.00 | 4.2% +฿36.0m | 0% | PE12x | |
| CTW Charoong Thai Wire and Cable | ฿2.82 | 2.9% +฿31.8m | -26.9% | PE5.8x | |
| AKR Ekarat Engineering | ฿0.89 | 1.1% +฿14.7m | -6.3% | PE5.6x | |
| L&E Lighting and Equipment | ฿1.11 | 1.8% +฿9.8m | -11.9% | PS0.2x | |
| TRT Tirathai | ฿3.16 | 0.6% +฿6.2m | -23.7% | PE15.4x |