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Thai (SET) Electrical Industry Analysis
UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies15
- 7D0.03%
- 3M-2.9%
- 1Y-12.9%
- YTD-0.08%
Over the last 7 days, the Electrical industry has remained flat, although notably Kijcharoen Engineering Electric declined by 3.2%. As for the longer term, the industry has declined 13% in the last year. As for the next few years, earnings are expected to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Thu, 05 Feb 2026 | ฿16.3b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Sat, 03 Jan 2026 | ฿16.4b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Mon, 01 Dec 2025 | ฿16.2b | ฿28.6b | ฿1.6b | 8.9x | 10.1x | 0.6x |
| Wed, 29 Oct 2025 | ฿16.9b | ฿29.7b | ฿1.8b | 9.5x | 9.2x | 0.6x |
| Fri, 26 Sep 2025 | ฿17.9b | ฿29.7b | ฿1.8b | 9.7x | 9.7x | 0.6x |
| Sun, 24 Aug 2025 | ฿17.1b | ฿29.7b | ฿1.8b | 9.5x | 9.3x | 0.6x |
| Tue, 22 Jul 2025 | ฿17.1b | ฿30.5b | ฿1.6b | 9.7x | 10.6x | 0.6x |
| Thu, 19 Jun 2025 | ฿16.5b | ฿30.5b | ฿1.6b | 9.4x | 10.2x | 0.5x |
| Sat, 17 May 2025 | ฿17.1b | ฿30.4b | ฿1.7b | 9.7x | 10.2x | 0.6x |
| Mon, 14 Apr 2025 | ฿16.7b | ฿31.1b | ฿1.7b | 10.3x | 9.6x | 0.5x |
| Wed, 12 Mar 2025 | ฿17.9b | ฿31.1b | ฿1.7b | 11.4x | 10.2x | 0.6x |
| Fri, 07 Feb 2025 | ฿17.9b | ฿31.3b | ฿1.7b | 10.9x | 10.5x | 0.6x |
| Sun, 05 Jan 2025 | ฿20.9b | ฿31.3b | ฿1.7b | 13x | 12.3x | 0.7x |
| Tue, 03 Dec 2024 | ฿21.2b | ฿31.3b | ฿1.7b | 13.2x | 12.5x | 0.7x |
| Thu, 31 Oct 2024 | ฿21.0b | ฿30.1b | ฿1.5b | 11.8x | 13.7x | 0.7x |
| Sat, 28 Sep 2024 | ฿21.5b | ฿30.1b | ฿1.5b | 12x | 14x | 0.7x |
| Mon, 26 Aug 2024 | ฿19.7b | ฿30.1b | ฿1.5b | 11.7x | 12.9x | 0.7x |
| Wed, 24 Jul 2024 | ฿20.4b | ฿29.1b | ฿1.5b | 12.7x | 13.4x | 0.7x |
| Fri, 21 Jun 2024 | ฿20.3b | ฿29.1b | ฿1.5b | 12.4x | 13.3x | 0.7x |
| Sun, 19 May 2024 | ฿21.7b | ฿29.1b | ฿1.5b | 13.3x | 14.7x | 0.7x |
| Tue, 16 Apr 2024 | ฿19.9b | ฿28.4b | ฿1.4b | 12.2x | 14.3x | 0.7x |
| Thu, 14 Mar 2024 | ฿19.5b | ฿28.4b | ฿1.4b | 12x | 14.1x | 0.7x |
| Sat, 10 Feb 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.6x | 17.1x | 0.7x |
| Mon, 08 Jan 2024 | ฿19.6b | ฿27.8b | ฿1.1b | 14.9x | 17.2x | 0.7x |
| Wed, 06 Dec 2023 | ฿18.5b | ฿27.8b | ฿1.1b | 14.1x | 16.2x | 0.7x |
| Fri, 03 Nov 2023 | ฿18.6b | ฿28.7b | ฿842.3m | 13.9x | 22.1x | 0.6x |
| Sun, 01 Oct 2023 | ฿20.1b | ฿28.7b | ฿842.3m | 15.1x | 23.8x | 0.7x |
| Tue, 29 Aug 2023 | ฿21.0b | ฿28.6b | ฿840.4m | 16.7x | 25x | 0.7x |
| Thu, 27 Jul 2023 | ฿20.3b | ฿28.9b | ฿936.1m | 16.5x | 21.6x | 0.7x |
| Sat, 24 Jun 2023 | ฿16.7b | ฿23.8b | ฿641.3m | 19.6x | 26x | 0.7x |
| Mon, 22 May 2023 | ฿49.5b | ฿53.0b | ฿3.8b | 16.7x | 13.1x | 0.9x |
| Wed, 19 Apr 2023 | ฿51.4b | ฿53.0b | ฿3.6b | 20.1x | 14.4x | 1x |
| Fri, 17 Mar 2023 | ฿51.2b | ฿53.0b | ฿3.6b | 20.1x | 14.3x | 1x |
| Sun, 12 Feb 2023 | ฿56.2b | ฿53.0b | ฿3.1b | 16.6x | 17.9x | 1.1x |
Price to Earnings Ratio
17.9x
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 10.4x which is lower than its 3-year average PE of 13.9x.
- The industry is trading close to its 3-year average PS ratio of 0.67x.
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 | 0.56% | |
| Industrials | -2.06% | |
| Electrical | 0.031% | |
| Electrical Components | 0.038% | |
| 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 16.9%, 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 | |
|---|---|---|---|---|---|
| LTS Light Up Total Solution | ฿2.44 | 7.0% +฿38.2m | -73.2% | PE9x | |
| QTC QTC Energy | ฿3.54 | 0.6% +฿6.8m | 4.1% | PE15.9x |